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Boisar Booming: Rising Demand for flats in Boisar
30 May 4 min Read Read by 3350
One of the major industrial areas in Maharashtra, Boisar in the Palghar district, has now developed into a premier and sought-after residential destination as well. The area lies very close to Mumbai and is very well-connected to the National Highway and the Railways. Presence of educational institutions, convenience stores, and entertainment centres has only added to the residential lucrativeness of the area.
Boisar sees a healthy economic activity owing to the presence of various industries and companies here. The development has given rise to more than one lakh jobs in the last decade, thus increasing the demand for quality housing [1]. In the past, Boisar lacked the presence of residential real estate, leading to a gap in the demand and supply of decent projects. On an average, people have to travel for hours for work every day in Boisar.
Now, however, Boisar property market has witnessed a sudden demand especially in the residential market. Many big developers are coming up with good residential flats in Boisar. The area is opening up more thus increasing the scope for a better ROI in addition to its excellent location benefits.
Following are some of the factors that have caused Boisar’s real estate to experience a rise in the demand:
Employment hub
If you work in the industrial areas of Mumbai, Boisar offers the perfect work-life balance in Mumbai. Also an employment hub, the location is close to the Tarapur MIDC, the biggest MIDC in the state of Maharashtra. The HDIL Industrial Park in Virar East lies about one-and-a-half hours away from the area. The Maharaja Retreat Tower and Spectrum Tower are approximately two hours away from the area.
Investment hub
Boisar lies very close to Mumbai. It offers excellent connectivity and social infrastructure to its residents and these are the major reasons for its rapid growth. Thus, there is no denying that Boisar is certainly one of the best places to live close to Mumbai. Further, considering the price trends in Boisar and the rising demand, the locality has witnessed a rise of 4.5% in the last one year. [2] There will be excellent appreciation of property rates in the area and with a number of projects which are being developed, the area will only grow further.
Convenience hub
Apart from having the perfect work-life balance and an appreciating property in Boisar, you also get to enjoy a world of conveniences from your flats in Boisar. The development is rich with social amenities.
Schools:
- Tarapur Vidya Mandir & College
- Atomic Energy Central School
- Deep Global School
Hospitals:
- Care Hospital
- TAPS Hospital
- Boisar Nursing Home
Entertainment and Convenience:
- KT Multivision
- Big Bazaar
Considering the rising demand and price trend, buying a property in Boisar will definitely prove to be a good investment region in future. With the number of projects being developed in the area, it’s only expected to grow further. So now would be the perfect time for you to make an investment. Mahindra Lifespaces comes with the perfect home for you in Boisar, Mahindra Happinest. Located near MMR (Mumbai Metropolitan Region), this beautiful project is spread over 14.86 acres and comprise of 1 RK, 1 & 2 BHK flats.
References:
- Boisar: An upcoming residential hub in Mumbai’s outskirts – Business Standard
- Property Rates & Price Trends in Boisar, Mumbai – Makaan
