The most costliest and developed regions of Mumbai are ‘Vashi’
known as king. It is a popular destination in the sub city and is developed by the
City and Industrial Development Corporation. Major reasons behind this are well
developed townships, malls, IT and industrial hubs in the neighbourhood.
Vashi has marked itself as a rental destination. Industry
sources point out that the USP for property investment in Vashi is that it is situated
in the heart of Navi Mumbai. There is a harbour line railway facility from
Vashi to Thane, Panvel, CST and Andheri. The advantages for buyers who are
looking to move to Vashi are proximity to Mahape IT Park, TTC MIDC, APMC
market, Reliance Dhirubhai Ambani Knowledge City. This is why large scale employment
takes place in Vashi.
According to the recent reports, Vashi has seen a sudden
hike in the monetary values of the apartments, past few years because of
increased demand of the residential properties and the absence of new supplies.
This situation is quite tough, as it has made the residential properties in
Vashi unaffordable. The market value of Vashi is up, and this is the reason why
people wish to buy a property there and get settled. However, seeing the
increased prices of the residential properties, investors have now opted for
rented accommodations.
