Borivali West: Connectivity is the key to Real Estate in this Mumbai Suburb


Borivali, also known as ‘suburb of gardens’ is located on the north-west part and is one of the well-developed localities in Mumbai. Small villages like Eksar, Kandivali, Mandpeshewer, Kanheri, Tulsi, Magathane, Poisar and Shimoli which once used to stand between Dahisar River and Poisar River have come together to form this suburb call Borivali. The name Borivali originates from the word ‘bor’ which means existence of lot of bushes and sweet fruits.

Landmarks

Borivali is populated with landmarks and tourist spots which are visited by people across Mumbai and India. It is surrounded by Sanjay Gandhi National Park in the eastern side, which includes the 4th century archaeology site Kanheri Caves, and by mangrove forests in the west.

Besides this, there are lots of gardens named after freedom fighters; some of them worth mentioning are Veer Savarkar Udayan and Jhansi Ki Rani among others. These parks cater to the needs of different ages and groups, due to which this locality is identified as a suitable residential option by the Builders in Borivali West.

Easy connectivity

Borivali West provides seamless connectivity as it is well-connected to all prime areas of Mumbai city. Since it strategically located at a distance of 1 km from Borivali railway station and 12 km from Domestic Airport, this place drives the residential estate sector and demand for property in Borivali west.

Buses provided by BEST, NMNT and TMT travel to major areas like Thane, Vashi and Wadala making it easy for commuters from the flats in Borivali West. Apart from trains and buses, auto-rickshaws and taxis operate in huge numbers. The Metro rail Phase I (Versova-Andheri-Ghatkopar corridor) project, once completed, will add to the commuters’ comfort. Borivali West is very close to the Link Road that connects to the highway and has easy access to South Mumbai.

Education, Health Care and Entertainment

This locality boasts finest and reputed educational institutes, some of them are Oxford Public School, Rustomjee International School, Ajmera Global School, Swami Vivekananda International School, Don Bosco High School, St. Anne’s High School and Dr. Pillai Global Academy, Sardar Vallabhbhai Patel Polytechnic College, St. Francis Institute Management and Research, Anadibai Damodar Kale College, St. Rocks College of Commerce and Science and R.R. International College among others.

The builders are coming up with new projects in Borivali West in close proximity to these schools and colleges for easy access.

Leading hospitals like Apex Hospital, Karuna Hospital, Pandya Surgical and Maternity Hospital, Doshi Maternity and Nursing Home, equipped with modern technologies are found in this realty hot-spot.

This locality also boasts many shopping malls, theaters, multi-cuisine restaurants and beautiful gardens to keep the residents busy on weekends. Some of the popular ones are Thakkar Shopping Mall, Growel Mall, Shopper’s Stop, Bamboo Garden Restaurants, Banjara Restaurant, Pizza Hut, Five Spice and Cross Road 92 among others.

Residential Projects

Borivali West is a fine locality in central Mumbai and is a prime location for residential property seekers as well as for commercial establishments. The demand for flats in Borivali West is coming from investors who belong to middle and lower middle income group. The factor that attributes for the enhanced demand in this location is the affordability, greenery, and wide spread connectivity. The nearness to Secondary Business Districts like Bandra-Kurla Complex (BKC) and Andheri and the growth of office locations in and around the western suburbs such as Malad, Andheri and Goregaon has increased the demand for 2bhk flats in Borivali West.

Some of the prominent builders in this locality are Thakur group, Rustamjee, Parinee Group etc. The builders are also into re-constructing old properties as well-as development of new projects. A few of the residential projects in Borivali West are:

  • Rishabh Heights by Rishab Group
  • Arua Biplex by Bhoomi Realty
  • Soni Sarovar Apartment by Arihant Group of Companies
  • Ostwal Enclave by Shree Ostwal Builders
  • Parinee Adney by Parinee Pvt Ltd

All these projects offer amenities like tennis courts, party rooms, swimming pools, gymnasium and spa, central air-conditioning, Italian flooring, branded faucets and terrace garden, etc.

Price Trends

Residential

The return on investment is witnessing a decrease of 4% q-o-q and the price for flats for sale in Borivali West is:

  • Highest locality price: Rs 17400 per square foot
  • Average locality price: Rs 14700 per square foot
  • Lowest locality price: Rs 11900 per square foot

However, the rental property is witnessing a 4% hike in return on investment q-o-q. The average value is around Rs. 25 per square foot.

Commercial

The rate of commercial office space for sale in Borivali West is:

  • Highest locality price: Rs 45200 per square foot
  • Average locality price: Rs 26400 per square foot
  • Lowest locality price: Rs 7700 per square foot

Good connectivity, schools, colleges, hospitals, malls and civic infrastructure is the reason why this suburb is high on builders and investors radar, and this locality is expected to have a continuous rise in values in near future.

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