Parasnath Nagari Naigaon East, Palghar

Panvel-Karjat Corridor Nears Completion, MRVC Accelerates Mumbai Rail Upgrades

Mumbai Railway Vikas Corporation (MRVC) has made significant progress on suburban rail projects. The Panvel-Karjat New Suburban Corridor is nearing completion, The Virar-Dahanu Road Quadrupling Project is progressing fast. Signalling and telecommunication works have been commissioned at Kelve Road station.

A total of 5 residential transactions has been registered so far for Parasnath Nagari, amounting to ₹ 1 Cr till August 2026.

Mumbai-Ahmedabad Bullet Train Station at Boisar to be Ready by December 2027

CM announced that the Boisar railway station for the Mumbai-Ahmedabad bullet train project is slated for completion by December 2027. The project, which includes a station at Virar, is expected to boost economic development in the Palghar district & with a proposed extension of the Bandra-Kurla Complex (BKC) to this region,

Rent in Parasnath Nagari ranges from ₹ 11 K to ₹ 13 K with options available for 1 BHK.

During Q2'2026, average property prices for Parasnath Nagari moved from ₹ 7,950/sqft to ₹ 8,200/sqft, reflecting a 3.14% rise.

MMRDA Presents Surplus Budget with Significant Allocation for Infrastructure

MMRDA has presented a surplus budget of ₹48,072 crore, with 87% allocated to infrastructure projects, including roads, public transport, and urban development. A notable provision of ₹4,000 crore is earmarked for the development of Mumbai 3.0 New Town, aiming for planned urban expansion.

Mumbai Metro Expansion Gains Momentum with New Corridors to Boost Regional Connectivity

The Mumbai Metropolitan Region Development Authority (MMRDA) is advancing plans for Metro Line 13 (Mira-Bhayandar to Virar) and Metro Line 14 (Kanjurmarg to Badlapur). Metro Line 13's detailed project plan has been submitted for approval, while preparatory work for Line 14 is underway.

Virar Station Platforms Upgraded to Accommodate 15-Coach Trains

Western Railway and Mumbai Railway Vikas Corporation have completed significant capacity augmentation works at Virar station. Platforms 3A and 4A have been widened and extended to handle 15-coach local trains, replacing the previous 12-coach capacity. A new platform, 5A, has also been constructed. This upgrade is expected to boost carrying capacity and improve commuter experience on the western corridor.

During Q1'2026, average property prices for Parasnath Nagari moved from ₹ 7,650/sqft to ₹ 7,950/sqft, reflecting a 3.92% rise.

A total of 227 out of 319 launched units have been booked as of February 2026, including 74% of 1 BHK(227 out of 305).