Virar is known to be the affordable suburb in North Mumbai offering residential property

The fastest developing localities in Mumbai, Virar is known as the suburb of North Mumbai. The first factors to blame for the rise in demand are the reasonable residential choices, accessibility through native train and convenience of basic amenities. As the rates of the Virar property, the capital value of residences in this locality in between Rs. 3000 to Rs. 4500 per sq ft. Other factors that attracting patrons to the present destination was the presence of schools, hospitals and markets in the locality. Some of the real estate companies that are active in this area are Vinay Unique Residency, Sairaj Developers, Poonam Developers and Rashmi Housing Pvt Ltd among others. As the locality Virar has been witnessing the emergence of latest residential projects like Global City, Gokul Aangan, Agarwal Heritage and Poonam Orchid. As compared to other parts of Mumbai, the value of the property in Virar are comparatively low prompting patrons to speculate in properties here. The real estate market of Virar is headed for the growth therefore, investment in the locality is presently might reap profits in future. As the patrons are searching for the property which is less than Rs 20 Lakh in Mumbai. So, Virar in Thane District of Mumbai is one area that provides 1 BHK and 2 BHK residential apartments in the range of Rs 15 to 30 Lakh. As Virar is the city that is the part of Vasai – Virar Municipal Corporation in Thane District offering you 1 BHK residence covering about 520 sq ft of space among Rs. 16 lakh while 2 BHK residence covering 760 sq ft of space is for Rs. 23 Lakh. The existing rates in Virar varies between Rs. 3000 to 5000 per sq ft. Being the new developing locality Virar providing the fundamental infrastructure like hospitals, supermarkets, schools, banks, etc. The realm has easy connectivity to Mumbai through Western Express Highway, that is at a distance of 5Km. Also the Virar West Metro Station is simply 3 Km far from Virar whereas the roads are well-built within the locality. As more than 10 latest residential projects are under construction in Virar that are giving units in this reasonable range. As there are some of the residential projects of some of the distinguished real estate companies like Ekta Group, Rustomji Group, Arcade Group and Poonam Developers are the among others, who are building their luxurious residential projects here. These residential property in Virar are mainly providing 1 BHK as well as 2 BHK residential units, where a couple of real estate companies are also constructing some of the 3 BHK residential units. The possession of these projects are expected to be given within 2 years down the road. The patrons in Virar embody investors similarly as end-users too. The real estate market of Virar is an investor-cum-end user market. Both the segments are attracted by the low rates. Expecting the healthy profit by the investors of about Rs. 1000 to 1500 per sq ft in forthcoming 1 to 2 years in Virar whereas end users will own a property in Virar in reasonable budget. As the widespread trend in Mumbai city, patrons prefer small residential units i.e. 1 BHK and 2 BHK residences in Virar. As you will witness a homogenous immense demand for both the configurations. As the easy connectivity and the low costs are some of the major factors that are transferal plenty of patrons to Virar. Click Here to Read More : http://www.proptiger.com/property-in-mumbai-real-estate.php