Mumbai is the most admired destination for real estate investing domestically and abroad by NRIs. India's most high-profile figures reside in this city, which makes it even more enticing for home buyers. Buying a new home is a huge decision, whether you are buying it for your family or investment purposes.
However, finding a real estate space in Mumbai is a mighty task. One of the new rising real estate pockets for home buyers in Mumbai has been the suburb of Borivali. Borivali has become the fastest-growing suburb in Mumbai. For anyone looking to buy a property in Borivali. Many new ongoing residential projects are being developed by reputed and trusted real estate developers like Oberoi realty, Rustomjee, Zenon realty and many others. Apart from this, many other factors make it attractive to buy a property in Borivali. It is transforming from a sleepy place to a swanky developed suburb, so property prices are within reach and investing here will reap greater returns.
As per housing.com, the avg price per sq. ft has risen 11.06% in the last year from July - Sept 2021 to April - June 2023, and the average rent has also increased by 10.29% y-o-y from 2021-2023. Many real estate developers in Borivali are also coming up with smart 1RK studios which might be little in size yet highly affordable for bachelors, students and newly married couples.
The suburb of Borivali has the best connectivity and is connected effectively with different parts of Mumbai through railways and roadways. The metro station is a game changer for Borivali and will have a high impact on the prices of property in Borivali in its close vicinity in the coming years.
Real estate developers are constructing spacious 2BHK and 3BHK properties with many unique amenities like rooftop swimming pools, terrace gardens and Hi-Tech Gymnasium, and many more. The suburb of Borivali has many highly regarded educational institutions like Don Bosco, and Singapore International school where one can get their kids admitted. State- of-the-art public and private healthcare facilities and many retail destinations where one can shop for their daily essentials.
The heavenly green of Borivali is like the soothing salve to your soul. Sanjay Gandhi national park is full of nature and fresh air, it is home to whooping 120 species of butterflies, out of the 1500 species in India, it is spread over 103 sq. km forming roughly 20% of Mumbai's Geographical Region. An estimated 1300 species of plants exist in the SGNP's biodiversity and are significantly affected by components of the Sahyadri slopes toward the east, and throughout the long term, the progressions achieved by human effect.