Advertisement
When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
Vikhroli West, located in the eastern suburbs of Mumbai, is rapidly developing into a prominent residential and commercial hub. Known for its high-rise apartments, gated communities, and corporate offices, the area boasts excellent connectivity through major roads and the suburban railway network. In May, significant real estate activity was observed, with Lodha Vikhroli ASPI Project 1 leading sales. The locality offers diverse housing options catering to a wide range of buyer preferences and price points. With its strategic location, ample amenities, and pockets of greenery, Vikhroli West is becoming an attractive destination for families and professionals seeking a modern lifestyle.
Vikhroli West, situated in Mumbai's eastern suburbs, is evolving into a vibrant residential and commercial centre. In recent years, the locality has experienced significant development, characterised by the construction of numerous high-rise apartments, gated communities, and corporate offices. Its strategic connectivity via major roads and the suburban railway network enhances accessibility to other parts of the city. Vikhroli West offers a wide array of amenities such as shopping malls, educational institutions, and healthcare facilities, catering comprehensively to the needs of its residents. Despite its urban setting, the area retains pockets of greenery, providing a peaceful retreat from the city's hustle and bustle. With its convenient location and improving infrastructure, Vikhroli West has emerged as a preferred destination for professionals and families seeking a contemporary lifestyle. Advertisement
In May, real estate activity in Vikhroli West was particularly vibrant, led by Lodha Vikhroli ASPI Project 1, which closed the highest number of deals in the month with seven transactions. Following closely was Lodha Vikhroli Tower C1 with four deals, while Raj Legacy I registered two transactions. Metro Crown and Lodha Vikhroli ASPI Project 2 each closed one deal. Developer sales dominated over resale transactions, accounting for five out of the total six deals. Notably, a premium apartment in Lodha Vikhroli ASPI Project 1 fetched INR 9.74 crores, while Metro Crown offered budget-friendly options starting from approximately INR 79.9 lakhs, catering to diverse buyer preferences.
Property sizes varied significantly, ranging from 372 square feet in Metro Crown to 3,544 square feet in Lodha Vikhroli ASPI Project 1, ensuring Vikhroli West caters to a broad spectrum of buyers. Prices per square foot ranged from INR 21,480 to INR 30,795, averaging around INR 26,750. The most popular segment was apartments sized between 500 to 1,000 square feet, comprising 47% of total sales, followed by units between 1,000 to 1,500 square feet. Transactions also included units under 500 square feet, and larger properties ranging from 2,000 to 4,000 square feet. Nearly half of the transactions were within the INR 2 crore range, with a significant portion falling between INR 2 to 4 crores. Notably, transactions exceeding INR 6 crores were recorded, with one apartment fetching close to INR 9.75 crores.
In summary, Vikhroli West continues to solidify its position as a premier residential and commercial hub in Mumbai, buoyed by robust real estate activity and a diverse range of housing options. The strong sales performance in May, particularly highlighted by developments like Lodha Vikhroli ASPI Project 1, underscores its growing allure. With its excellent connectivity, abundant amenities, and a blend of urban convenience and natural surroundings, Vikhroli West presents an increasingly attractive proposition for both discerning families and professionals alike.
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
