Vile Parle West: A Hub for Real Estate Activity in Mumbai
In June, Vile Parle West witnessed significant real estate activity, led by Pratap Elegance, Himanshu Mandar CHS, and Shanti Kunj Apartment, offering a range of housing options for buyers.
Real EstateVile Parle WestMumbaiResidential AreaProperty MarketReal EstateJul 28, 2024
Vile Parle West is home to several educational institutions, making it a popular choice for families. While maintaining its traditional charm, the locality has seen modern development with the rise of high-rise apartments and shopping complexes. Its mix of old-world character and urban amenities makes Vile Parle West a coveted residential area in Mumbai.
In June, Pratap Elegance led the real estate market, closing three deals, followed by Himanshu Mandar CHS, Shanti Kunj Apartment, and Nutan Jeevan CHS, which registered two deals each. Resale transactions dominated, closing 57% of the deals, while developer sales accounted for 21% of the deals. An apartment in Parinee Elenora was sold for a whopping INR 5.08 crores, while a value-friendly option in Himanshu Mandar CHS was available for close to INR 42 lakhs, catering to diverse buyer preferences.
The apartment sizes varied greatly, ranging from 255 square feet in Labh Shrivalli to 1,582 square feet in Parinee Elenora, ensuring that Vile Parle West caters to a wide range of buyer needs. Prices per square foot ranged from INR 8,046 to as high as INR 41,667, with an average of around INR 28,841. Most apartments sold were in the coveted 500 - 1,000 square feet range, contributing 71% of the total sales.
Vile Parle West continues to thrive as a desirable residential area in Mumbai, blending traditional charm with modern amenities. The active real estate market in June, led by Pratap Elegance, reflects the locality's wide appeal and diverse housing options, making it an attractive destination for both homebuyers and investors.
Frequently Asked Questions
What was the leading real estate project in Vile Parle West in June?
Pratap Elegance led the real estate market, closing three deals.
What was the most expensive apartment sold in Vile Parle West in June?
An apartment in Parinee Elenora was sold for a whopping INR 5.08 crores.
What was the average price per square foot in Vile Parle West in June?
The average price per square foot was around INR 28,841.
What percentage of apartments sold were within INR 2 crore?
57% of the apartments sold were within INR 2 crore.
Why is Vile Parle West a popular residential area in Mumbai?
Vile Parle West is a popular residential area due to its balanced blend of residential and commercial areas, excellent connectivity, and diverse housing options.
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