Vashi, a popular residential suburb in Navi Mumbai, is one of the well-developed nodes planned by the City and Industrial Development Corporation (CIDCO). It boasts state-of-the-art residential and commercial complexes with excellent infrastructure. Investing in Vashi has several prominent reasons that make it a wise choice. The area offers modern residential and commercial complexes along with impeccable infrastructure, making it a favorable location for investment. Let’s explore some of the compelling reasons to buy property in Vashi.
Great Social Infrastructure
Vashi boasts a meticulously planned social infrastructure that offers an abundance of amenities. The locality has several international schools that are affiliated with various boards and universities. St. Lawrence, IES Navi Mumbai High School, and International School at Avalon Heights are some of the well-known educational institutions located in the area. Additionally, Vashi has some of the best general, super-specialty, and multi-specialty hospitals in the region, such as Fortis Hiranandani, Apollo, and MGM New Bombay. The locality also boasts a well-developed market that includes several malls, shopping centers, retail outlets, and grocery stores. Inorbit and Raghuleela are among the finest malls in Vashi.
Vashi has a well-connected transportation system, with major arterial roads like Palm Beach Road, Sion-Panvel Highway, and Thane-Belapur Road providing direct links to Mumbai. Additionally, several buses operate from Vashi, connecting it to prime locations in Mumbai, Navi Mumbai, Kalyan, and Panvel. The Harbour Line Railway Network connects Vashi to Andheri and Nerul, while the Sion-Panvel Express Highway provides easy access to central suburbs such as Ghatkopar and Vikhroli. Vashi’s proximity to the International Airport via the Santacruz-Chembur Link Road and Mumbai Highway. This makes it an attractive location for buying property in Vashi. The area also has its own dedicated railway station, located just two kilometers away via the Juhu Route.
Thriving Industrial and Commercial Hub
Situated at the heart of the city, Vashi has become a flourishing industrial and commercial hub that hosts various well-known IT parks such as Mahape IT Park, Dhirubhai Ambani Information City (DAKC), and MIDC Industrial Sector. Many IT companies have chosen Vashi as their base due to the lower cost of operations. Additionally, Vishwaroop IT Park is another established commercial area in this locality, with prominent occupants such as Orange, Huawei, IBM, ICICI Bank, and Eon Services.
Extensive Housing Options
When it comes to housing options, Vashi has a wide range of choices, including condos, builder grounds, residential houses in Vashi, and villas. It is also one of the most sought-after locations in Navi Mumbai, offering numerous housing options. Some of the notable residential sectors in Vashi are sectors 12, 14, 16, 17, 28, and 59A.
Scope for Growth
Vashi is poised for future growth with the upcoming Navi Mumbai International Airport, which is expected to increase demand for residential and commercial units in the locality. The demand for residential and commercial units in Vashi is expected to escalate further with the upcoming Navi Mumbai International Airport. Additionally, the development of an integrated bus terminus cum commercial complex in Vashi is expected to drive real estate growth in the area. As a result, property prices in the locality are anticipated to rise significantly following the completion of these projects. Overall, Vashi is a promising locality with excellent prospects for growth, making it an attractive destination for real estate investment.
After taking into account, the various factors mentioned above, investing in property in Vashi appears to be a wise decision. The locality boasts a modern infrastructure, a well-developed social and commercial infrastructure, excellent connectivity, and significant prospects for future growth. However, making significant real estate investments should not be taken lightly, and it is always prudent to seek the guidance of an expert in the field. A professional real estate consultancy, such as Blox, can offer valuable advice on factors such as property values, location, and legal requirements.