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.

Dwarka Sector 10 in Delhi – An Overview

Locality

Dwarka Sector 10 is located in the southwest part of the NCR, and is named after the legendary Dwarka Kingdom. It is situated near the Indira Gandhi International Airport, which is 10 km away from this place.

Dwarka Sector 10 is bounded by Outer Ring Road, National Highway 8, Pankha Road, Rewari Railway line and Najafgarh Road. It is a short distance away from Gurgaon, which is a prime hub for many IT/ITES companies in India.

Connectivity

Dwarka Sector 10 is said to have well-developed broad roads in comparison with many other colonies in Delhi. It is among the most popular sectors in Dwarka sub-city and is said to be a highly-developed prime locality. This locality boasts many fine services such as excellent shopping complexes, metro stations, major banks and many educational institutions. These factors have been major attractions for the popularity of Dwarka Sector 10 properties. This locality has a dedicated Metro station, which caters to the needs of the commuters residing here.

Apart from the Metro station, the broad roads of Dwarka Sector 10 help connect other prime sectors and major localities of the city. There are also many DTC bus services plying from the bus terminal in this locality, offering decent transportation for regular commuters. Good connectivity and excellent transport facilities have brought in many residential projects in Dwarka Sector 10 and its surrounding localities.

Commercial Developments

The commercial market of Dwarka Sector 10 is been experiencing a steep hike in recent times, and investing in this locality is considered a good option by many investors. There are many shopping complexes and branded outlets situated in this locality, providing a wide range of products. A few of them include Vardhman Crown Mall, Pacific Fashion Mall, DFC Mall, Cobb Apparels, Fab India and Eros Metro Mall. Spice Market is one of the major markets around this locality.

Apart from shopping complexes, there are also many commercial office spaces in Dwarka Sector 10 which are built by prominent real estate agents and builders. A few of them include,

• Vardhman Plaza
• Aditya Complex
• Wadhwa Plaza-2
• Manish Plaza-1
• Anshul Plaza
• Pankaj Arcade-1
• Agarwal Plaza
• Krishna Plaza
• Classic Airport Plaza
• Odeon Plaza

  Educational Institutions

There are many good educational institutions in this locality which have attracted and increased  the sale of apartments in Dwarka Sector 10 and its nearby localities. Some of the  prominent institutions found here are Vandana Kinder Garden, Indraprastha International School, Saraswati Model School, Tiny Tulips, Aptech Computer Education, Dwarka Institute of Management & Technology, Gold-Field Public School, Rajkiya Pratibha Vikas Vidyalaya and G.D. Goenka Public School. With respect to the real estate, flats in Dwarka Sector 10 are in constant demand owing to its connectivity and many other attractive features.

Landmarks & Local Attractions

Dwarka Sector 10 has many interesting tourist spots. ‘Kingdom of Dreams’ is one of the major theme parks found in the vicinity of Dwarka Sector 10. One of the famous monuments located around here is Red Fort, which is otherwise known as ‘Lal Qila’ and ‘Jantar Mantar’.

Other famous buildings and entertainment options around Dwarka Sector 10 include Humayun’s Tomb, Archaeological Survey of India, Lodi Garden and Indraprastha Park and many more. Having all these attractions in the neighbourhood has improvised the real estate in Dwarka Sector 10 and many other sub-localities.

Real Estate

The most important feature of this locality is its affordable real estate prices compared to those of other localities in Delhi. DDA offers affordable range of homes with many amenities, making this the most preferred residential property destination by most investors. A few of the projects in Dwarka Sector 10 include Godrej Apartments, Mass Apartments, Vinayak Apartments, Chandanwari Apartments and many more.

The highest locality price of residential multi-storey flats for sale in Dwarka Sector 10 is around Rs.10690 per square foot and the lowest price is around Rs. 9205 per square foot. And the average is around Rs. 9950 per square foot. The return on investment has witnessed an increase of 5% q-o-q in June 2013.

Mangadu – Peaceful and Affordable Abode

Mangadu is located in Kancheepuram district and is just 20 kilometres away from the city. Mangadu means ‘mango forest’. The town is famous for the Kamakshi Temple, where devotees come from all over the city to offer their prayers. According to history, Sri Adishankara visited this temple and placed the Ardha Mahameru Yantra. The surrounding areas are Poonamallee, Porur, Kundrathur and Tiruverkadu.

Connectivity

This locality is connected to other parts of city via roads. Buses operating from Tambaram, T. Nagar, Broadway and Koyambedu Market go to Poonamallee and Avadi via Mangadu. The other mode of transport is share autos which are in high demand here. The nearest railway station is Pallavaram Railway Station, which is around 11 km away, and Chennai International Airport is 13 km away from this locality.

Education and Entertainment

Beside the famous Kamakshi Temple, one can also find Velleeswarar Temple and Vaikunda Perumal Temple in this locality. This locality also shares space with some good schools and colleges. They are Newman Central School, Bharath Madeena Metriculation School, Government Higher Secondary School, St Joseph’s High School, Sarojini Varadappa Girls High School, Padma Subramanium Bala Bhawan High School and Christ Matriculation School. Meenakshi College of Engineering, Sri Muthukumaran Arts & Science College, Sri Muthukumaran Institute of Technology and Sri Muthukumaran Polytechnic College, Sri Muthukumaran Medical College Hospital and Research Institute and Saveetha Medical College are some of the prominent educational institutions near Mangadu.

Shopping for daily needs can be done at supermarkets like Pure and Sure, Guna Supermarket, Heritage Fresh and Nilgiris in Porur. For entertainment you have Kishkinta Theme Park, which is just 15 km away from here.

Real Estate

The proximity to Porur, Kundrathur and also to DLF IT Park (10 km) has brought Mangadu to the real estate map. Builders are flocking to buy plots in Mangadu to construct residential apartments and commercial buildings. Employees working in DLF IT Park are looking for residential apartments as the prices are affordable and also for land for sale in Mangadu which can be used for investment purposes. A number of residential projects have cropped up in Mangadu. Some of them worth mentioning are Oyster Sai Krupa by Oyster Homes, Marya by Credence Life Spaces, and Green Court by Inland Realtors. The average rate of an apartment in Mangadu is Rs. 3500 per square foot and the residential plots for sale in Mangadu will cost between Rs. 2500 to Rs. 3500 per square foot. There is a high demand for 2BHK flats in Mangadu. The average rent for a month can be Rs. 6000 to Rs. 9000 depending upon the area. Residential land, depending upon the facilities, can be priced at Rs. 1500 and above.

As the price for Mangadu plots are appreciating, considering the fact that it’s near DLF IT Park and places like Porur and Poonamallee, the people investing here can yield good returns in the coming years.