Best Place to Buy a House in Mumbai
The Mumbai Metropolitan Region is seeing an exceptional surge in property demand. The city is highly known for job opportunities, entertainment hubs, popular places to visit, and more. Multiple localities in Mumbai offer world-class facilities, ensuring buyers a suitable space to build their dream home. It is one of the most desirable cities for commercial and residential development. Here are the best places to find the best houses for sale in Mumbai.
1. Virar
Virar is a locality in the northern part of Mumbai. It is a growing area with many new housing projects. It is considered more affordable than many other parts of Mumbai, such as Colaba and Bandra. Being an affordable neighborhood, it is one of the most sought-after locations for homebuyers. Virar Railway Station offers easy connectivity to multiple different cities. The Western Line of Mumbai's local train network makes it easy to travel to Mumbai's central localities. Virar offers students quality education in popular schools such as St. James English High School, Kashidas Ghelabai, and Gurukul Wave International. Sahayog Hospital and Research Centre, Ashasuman, and Lifeline Hospital take care of the medical needs of the residents. The easy-to-find amenities in the area make it an ideal choice for families to buy a house in Virar.
Several business hubs, such as Parikh Commercial Centre, Bhaskar Commercial Complex, and Asset Hub, attract working professionals to the area. Chhatrapati Shivaji Maharaj International Airport is only 60 km away, making it easy for visitors to visit.
House for Sale in Virar Mumbai
2. Virar East
Virar East is a popular and improving locality in the northern part of Mumbai. It is widely known for its affordable housing options. The area offers a range of ready-to-move residential apartments. The Virar Railway Station on the Western Line of Mumbai's local train network provides excellent connectivity to central Mumbai. Virar East is about 10 km from NH-48, which links to the Western Express Highway. Virar East is about 20 km from Mira Bhayander and Nalasopara, both job hubs. Well-known schools in the region include Rustomjee Cambridge International, Father Agnel's English, and St. Peter's Primary School. Yashoda, Arush, Lifeline, and Jivdani Hospitals address healthcare requirementVirar East offers easy access to shopping malls, prominent developers' housing developments, and popular parks. The area also has cultural beauty, with famous temples. Furthermore, its proximity to Chhatrapati Shivaji Maharaj International Airport, around 56 kilometres away, improves its accessibility. It is an excellent area for families and professionals.
House for Sale in Virar East Mumbai
3. Vasai West
Vasai West is an ideal residential location for young professionals looking for affordable rent in northern Mumbai. It's around 5 kilometres from Vasai Road Railway Station and has excellent access to the Western Express Highway. The strategic position of the neighborhood in Vasai East brings significant enterprises, including D-Tech, Sukhamani, and Pari enterprises, within a 3-kilometre radius. VVMT buses (routes 105, 111, 114, 115, and 123) connect Kilbundar, Mulund, Holi, Bhaskar, and Panchubundar. Poddar International, Carmelite Convent English High School, and Carmel International School are recognised institutions catering to families' educational needs. Cardinal Gracias Memorial Hospital, D Souza, and Golden Park Hospital are all reputable healthcare facilities that cater to their needs.
Vasai West residents have access to a variety of shopping opportunities, including malls such as Mystery Mall, Tania Planet, Vardhaman Shopping Centre, and Dattani Square Mall, as well as local markets such as Dindayal Nagar, Ambadi Fruit Market, and Manickpur Fish Market. It has many leisure options, including parks such as Suncrest, Suyog Nagar Garden, and Chulna Talav. It also has popular tourist destinations like Rangaon Beach, Bena Beach, Jivdani Temple, Vasai Fort, and Suruchi Beach. Furthermore, the neighborhood is home to prominent temples such as SabariGiri Ayappa Temple, Mahadev, and Apeksha Temple, making it an excellent residential option for families and professionals.
House for Sale in Vasai West Mumbai
4. Virar West
Virar West primarily offers residential units that are 1 and 2 BHK ready. It is around 5 kilometres from Virar Railway Station. Important internal roads in the area include Agashi Road, Viva College Road, and Narangi Bypass Road. Commercial complexes such as Parikh, Bhaskar, and Asset Hub are all within a 7-kilometer radius. Rustomjee Builders, Runwal Group, and Shapoorji Pallonji Group are prominent developers with projects in this neighborhood. John XXIII, Gurukul Excellence International, and the Royal Academy are all educational institutes.
Virar West has many healthcare facilities, including famous hospitals like Vijay Vallabh, Sanjivani, and Divekar. Furthermore, people can easily access shopping destinations such as Magnet Mall and Grand Galleria, all within a 6-kilometer radius. Popular tourist destinations such as Patala Lake, Rajodi Beach, and Kalamb Beach are all within a 7-kilometer radius, providing a variety of opportunities for leisure and enjoyment. Given its affordability, connectivity, and services, Virar West is an excellent choice for families and professionals.
House for Sale in Virar West Mumbai
5. Kandivali West
Kandivali West is a residential neighborhood in Mumbai known for its spacious one and two-bedroom homes in the mid-price range. Key roadways such as SV Road, Link Road, and Western Express Highway offer excellent connectivity. Residents can access the Mumbai Suburban Railway network via the Kandivali West Metro Station on the Yellow Line and the Kandivali Station on the Western Line. The Charkop Industrial Estate is located in the area, whereas Andheri East, a popular business hub, is 13 kilometers along the Western Express Highway.
The Chhatrapati Shivaji Maharaj International Airport is approximately 18 kilometers from Kandivali West. This region benefits from being an industrial hub, which adds to the strong demand for Kandivali West rental properties. It provides various housing options in the inexpensive and mid-range budget categories. This area is now being developed by notable developers such as House of Hiranandani, Ruparel Realty, and Rustomjee Builders. Kandivali West has excellent healthcare facilities, including Saraswati, Namaha, and Lotus Multispecialty. The region also houses educational institutions like Kapol Vidyanidhi International, PJ Pancholia, and Oxford School. Residents can visit popular shopping destinations like Raghuleela Mega Mall and Xth Central Mall. Kandivali West is ideal for families and professionals seeking a comfortable and convenient lifestyle, with beautiful parks and popular tourist spots nearby.
House for Sale in Kandivali West Mumbai
6. Mira Road
Mira Road is a suburb in the Western Suburbs of Mumbai, located in the northwestern part of Salsette Island, Maharashtra. It is part of the Mumbai Metropolitan Region and falls under the jurisdiction of the Municipal Corporation. With a significant Gujarati population followed by Marathis and others, Mira Road is rapidly developing due to its manufacturing sector. The area offers excellent social and retail amenities, including schools, colleges, malls, eateries, and multiplexes. Mira Road is well-connected to key commercial clusters and industrial estates. Major employment hubs like Infinity IT Park and Nirlon Knowledge Park are 12-15 km away, ensuring good connectivity for residents.
Mira Road offers a diverse educational landscape with esteemed institutions such as Holy Cross Convent School, St. Xavier’s School, Queen Mary’s High School, and Rustomjee Cambridge International School. The area also has reputable hospitals like Life Care Hospital, Vipassana Hospital, and the UMRAO Institute of Medical Science & Research. Mira Road Railway Station, located approximately 1.6 km away, provides excellent rail connectivity, supplemented by nearby stations like Bhayandar and Dahisar. Local bus services offer additional transportation options for residents.
The area also boasts cultural and recreational attractions like the Kanheri Caves, Global Vipassana Pagoda, and Essel World Adventure Park. Aksa Beach adds to the area's charm, making Mira Road a highly sought-after residential area.
House for Sale in Mira Road Mumbai
About Mumbai
Mumbai is India's economic powerhouse. It hosts the Bombay Stock Exchange, one of the oldest in Asia. India’s top big companies have headquarters here. The city is famous for being the country's entertainment hub, alongside Bollywood and several other art centers. Films from Mumbai reach audiences all over the world. It proudly showcases rich cultural sites like the Gateway of India, built in 1924. The Chhatrapati Shivaji Maharaj Terminus, a historic railway station, shows Victorian Gothic architecture.
You can see tall skyscrapers and bustling markets like Crawford Market. The city faces the Arabian Sea, which gives it a beautiful coastline. Beaches like Juhu and Marine Drive are popular spots for locals and tourists. Mumbai’s local trains are known as its lifeline. They help millions travel across the city daily.
Stamp Duty & Registration Charges in Mumbai 2024
Stamp duty and registration charges are required to record the property purchase legally. This fee must be paid when purchasing a home or land in Mumbai. The stamp duty in Mumbai is 6% of the property's value. This rate applies to both men and women. A 1% charge is added to the stamp duty for properties in Mumbai, which means the total stamp duty is 7%. Registration charges are separate and are 1% of the property's value or Rs. 30,000, whichever is lower.
These fees are crucial for making a property purchase official in government records. It is crucial to ensure that these costs are included in the budget when buying property in Mumbai.
Circle rate Mumbai in 2024
As of 2024, the circle rate in Mumbai, also known as the ready reckoner rate, varies widely depending on the area and type of property. The circle rate is the minimum rate the government sets for property transactions. It helps calculate stamp duty during the sale or transfer of property.
In Mumbai, these rates can range from high in upscale areas like South Mumbai, Bandra, and Juhu to relatively lower in emerging suburbs. For instance, due to the high demand and prime location, the rates can be very high in premium locations like South Mumbai.
City Real Estate Market
The real estate market in Mumbai is one of the most active in India. It is known for high property prices. Mumbai has high-rise apartments, old bungalows, and modern complexes. Property prices in South Mumbai, such as Bandra and Andheri, are high. These places have luxury flats and big commercial complexes and offices. Cheaper options are also available, especially in suburbs like Navi Mumbai and Thane, which are growing fast with new homes and offices. The demand for homes in Mumbai keeps growing. More people move to the city for jobs and better lives, hence contributing to increasing prices. Renting is common in Mumbai due to high purchase costs. Commercial real estate is also booming. Places like Nariman Point and Bandra Kurla Complex are key business hubs. The government is also improving infrastructure, including roads, railways, and public services. New projects like the Mumbai Metro expansion help connect more areas, making travel easier and increasing property values nearby.
FAQ's
1. Which area is best for a house in Mumbai?
Ans. Mira Road, Vasai West, Virar West, etc., are some of the best areas in Mumbai to buy a house.
2. Is it profitable to buy a house in Mumbai?
Ans. Mumbai is one of the nation's most popular and demanded cities. With its continuous improvement on a grand scale, purchasing a property in Mumbai promises high returns in the future.
3. What are the best residential projects in Mumbai?
Ans: Chandak Highscape City, Kalpataru Shristi Namaah and Vihaang Luxuria are some of the best residential projects in Mumbai.
4. How do you buy a house in Mumbai?
Ans: You can contact SquareYards to buy a house in Mumbai. It offers end-to-end hassle-free services to give you a good house deal.
