Vashi, a well-planned node in Navi Mumbai, offers modern infrastructure and a balanced living environment. Known for its commercial and residential appeal, Vashi features amenities like shopping centers, schools, healthcare, and recreational spaces. It's well-connected to Mumbai and Navi Mumbai via railways and roadways, attracting professionals and families alike. In June, EV - 10 Marina Bay and Ram Laxman Tower led real estate activity with multiple transactions. Apartments varied in size and price, from INR 42 lakhs in Ram Laxman Tower to INR 3.17 crores in EV - 10 Marina Bay. With prices per square foot averaging INR 20,463, Vashi continues to thrive as a prime real estate destination.
Vashi is a well-planned and developed node of Navi Mumbai, situated on the eastern shore of Thane Creek. Known for its organised layout and modern infrastructure, Vashi has emerged as a significant commercial and residential hub. The locality boasts a range of amenities, including shopping centres, educational institutions, healthcare facilities, and recreational spaces. Vashi is well-connected to Mumbai and other parts of Navi Mumbai through an efficient transportation network, including railways and roadways. The area is characterised by a mix of high-rise apartments, corporate offices, and retail establishments, attracting a diverse population of professionals and families. With its balance of urban conveniences and relatively lower population density compared to Mumbai proper, Vashi offers a comfortable living environment for its residents.
In June, EV - 10 Marina Bay, Ram Laxman Tower, and Goodwill Mansion emerged as the leaders by closing two deals each, the highest this month in Vashi. This was followed by Lok Terraces, Basera Apartment, and Arihant Advika each registering a single deal. Developer sale transactions led the way by closing 56% of the deals compared to the resale transactions, which managed to close 33% of the deals. On the high end, an apartment in EV - 10 Marina Bay was sold for INR 3.17 crores. Conversely, a value-friendly option in Ram Laxman Tower was available for close to INR 42 lakhs, providing an excellent opportunity for price-conscious buyers.
The apartment sizes varied greatly, with the largest unit spanning 1,002 square feet in Goodwill Mansion and the smallest being 287 square feet in Ram Laxman Tower. This versatility ensures that Vashi caters to a wide range of buyer preferences, from families seeking spacious homes to individuals preferring compact living spaces. Prices per square foot in Vashi ranged from INR 12,103 to as high as INR 31,891, with an average of around INR 20,463. Most apartments sold were in the coveted 500 - 1,000 square feet range, contributing 56% of the total sales. 33% of the apartments were sold between 1 - 500 square feet. The remaining 11% of the transactions were between 1,000 - 1,500 square feet. In Vashi, 33% of the apartments sold were within INR 1 crore, while 22% of the flats sold were within INR 1-2 crores. 33% of the apartments sold were between INR 2 - 3 crores and there was a single apartment which was sold above INR 3 crores.
Vashi continues to thrive as a prime commercial and residential hub in Navi Mumbai, balancing urban convenience with a comfortable living environment. The robust real estate activity in June, led by developments such as EV - 10 Marina Bay and Ram Laxman Tower, highlights the area's diverse appeal and investment potential.
Advertisement
Facebook
Whatsapp
