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Prospective Palghar: Why Palghar Property Is Gaining Importance In Real Estate?
31 May 4 min Read Read by 1587
When one thinks of investing in a home, the first few things that cross their mind is safety, location, connectivity, and work opportunities. If a property checks all these boxes, it is considered to be the most ideal one. Now, Mumbai is one of those cities in India where many turn to for work related opportunities and eventually settling down. However, a major influx of IT professionals and businessmen in the city has created quite a crunch in terms of real estate. Hence, many people are looking to buy homes in the bordering neighbourhoods of Mumbai such as Palghar.
It is Maharashtra’s newest district along the Western line of the Mumbai-Ahmedabad corridor, and is part of the fast-expanding Mumbai Metropolitan Region (MMR). Since Palghar district has always been known for its forts, palaces, resorts, picturesque beaches and tribal art forms, it is quite a popular weekend holiday destination. However, the expanding infrastructure, well-established lifestyle amenities, and an abundance of work opportunities has brought a lot of real estate investment in the area with Palghar property being on top of the priority list to buy homes. There are many flats in Palghar that are strategically located in flourishing neighbourhoods and one of the reputed ones is Happinest Palghar, a residential gem by Mahindra Lifespaces.
To begin with, when you look for Palghar flats on sale, you generally look for homes that are situated at a prime location with various options for connectivity and commute. Palghar is one such location that is conveniently linked via both road and rail. Andheri is just a 90-minute train ride away from Palghar Railway Station and daily commute to Mumbai is usually hassle-free. Additionally, India’s first bullet train, the Mumbai-Ahmedabad High Speed Rail (MAHSR) project [1], is expected to halt at Palghar, thereby providing high-speed connectivity to Mumbai and opening further channels for infrastructure and business growth.
Why Palghar Property Is Gaining Importance In Real Estate
Another advantage of Palghar is that it houses the largest MIDC in the state which opens a lot of options for livelihood. More than 1300 manufacturing units have base here, including MNCs like TATA Steel, JSW Steel, and Raymond. A self-sustained employment hub, Palghar has a large working population. Additionally, social and civil amenities are already established in the area with reputed educational institutions, hospitals, shopping and entertainment centres, movie theatres, hotels and restaurants.
Palghar has already caught the eye of many reputed real estate developers by showing its growth potential and Mahindra Lifespaces happens to be one of them. Happinest Palghar is an affordable housing development with 1 and 2 BHK flats for sale in Palghar. With a solid infrastructural development and a sound socio-economic status, homebuyers can reap the benefits of a location that offers a balanced lifestyle just on the outskirts of Mumbai.
References:
- Here’s why should you invest in Palghar – Moneycontrol
