Navi Mumbai's Crown Jewel: Vashi Emerges as a Top Real Estate Destination
Discover Vashi, a meticulously planned node in Navi Mumbai, renowned for its modern infrastructure, commercial vibrancy, and residential appeal.
Navi MumbaiVashiReal EstateMumbaiInfrastructureReal Estate MumbaiJul 17, 2024
In June, Vashi witnessed a surge in real estate activity, with EV - 10 Marina Bay, Ram Laxman Tower, and Goodwill Mansion leading the way. These developments closed 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 dominated the market, accounting for 56% of the deals, while resale transactions accounted for 33% of the deals. The most expensive apartment sold was in EV - 10 Marina Bay, priced at INR 3.17 crores, while the most affordable option was in Ram Laxman Tower, available for close to INR 42 lakhs.
The apartment sizes varied greatly, ranging from 287 square feet in Ram Laxman Tower to 1,002 square feet in Goodwill Mansion. 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.
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 highlights the area's diverse appeal and investment potential, making it an attractive option for homebuyers and investors alike.
Frequently Asked Questions
What makes Vashi a popular residential hub in Navi Mumbai?
Vashi's well-planned infrastructure, modern amenities, and relatively lower population density compared to Mumbai make it an attractive option for homebuyers.
What was the highest priced apartment sold in Vashi in June?
The highest priced apartment sold in Vashi in June was in EV - 10 Marina Bay, priced at INR 3.17 crores.
What is the average price per square foot in Vashi?
The average price per square foot in Vashi is around INR 20,463.
What is the most popular apartment size range in Vashi?
The most popular apartment size range in Vashi is 500 - 1,000 square feet, contributing 56% of the total sales.
What drives the real estate activity in Vashi?
Vashi's robust real estate activity is driven by its diverse appeal, investment potential, and balanced blend of urban convenience and comfortable living environment.
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