For many, the idea of buying a flat in the heart of Mumbai is the ultimate fulfilment, but most hesitate to invest a large sum of money in a house. They cannot decide which area is ideal for a property investment and whether they should buy a 1 BHK flat in Vikhroli or a 2 BHK flat in Parel. Another common dilemma is where to reside – in a rented apartment or purchase one of your own.
Talking about the suitable area, Vikhroli is an eastern suburb in Mumbai with Powai to its west, Ghatkopar to its southwest, and Bhandup to its north. The central line of the Mumbai railway network segregates the area into west and east zones. But is It a good idea to buy flats in Vikhroli? Let us take a look.
1. Connectivity and accessibility
Located in almost the centre of Mumbai, all parts of the city can easily access Vikhroli. Many important highways pass through this area, connecting it to other cities. The LBS Marg connects Vikhroli to Jogeshwari, Bandra, and other western suburbs. The Eastern Express Highway connects it to Chembur, Thane, Vashi, and Dadar. JVLR is a major arterial road that connects the Eastern Express Highway to the Western Express Highway and the eastern suburbs to the western suburbs.
People residing in flats in Vikhroli can reach Kensington SEZ in Powai within 20 minutes. The Bandra Kurla Complex is around 11 km away and well-connected via LBS Marg. You can also reach the Mumbai International Airport from Vikhroli in about 30 minutes.
Apart from road connectivity, many metro lines and bridges are expected to be developed in the area, and with all these amazing connectivity options, buying flats in Vikhroli makes a lot of sense.
2. Future investment
Real estate has been a top investment choice for Indians. So, if you don’t need a flat in Vikhroli to start living immediately, you can purchase one as a form of investment. You can rent the property and enjoy a steady income. Now, in case you are currently staying in a rented apartment in Mumbai and want to own a home, you can consider buying flats in Vikhroli. So, either way, whether you live or rent out your flat in Vikhroli, you are making a sensible choice by purchasing a property in this region.
3. Save on rent
Mumbai is one of the most expensive cities in India, and the flat rents are ridiculously higher compared to other cities. So, people paying thousands of rupees in rent should consider buying a 1 or 2 BHK flat in Vikhroli.
4. Social Infrastructure
There are many flats for sale in Vikhroli with good social amenities. In Vikhroli, there are many reputed educational institutions like St. Joseph High School and Udyachal High School. The residents have easy access to reputed local hospitals like the Godrej Memorial Hospital. It also has open spaces in form public gardens.
5. Booming real estate
Vikhroli has many peaceful residential localities, such as Tagore Nagar, Surya Nagar, Godrej Colony, Kannamwar Nagar, and Raj Legacy. Many reputed developers are developing the areas even further. The Lodha Group, for instance, has launched Lodha Codename Evergreen, also known as Lodha Vikhroli, for people seeking a lifestyle far above the ordinary.
The real estate project offers 2 BHK flats in Vikhroli with panoramic views, stunning architectural design,exceptional landscaping, world-class amenities, and smartly designed residences. These 2 BHK flats are for sale in Vikhroli, with a starting price of ₹1.56 crore all-inclusive.
6. Social confidence
Owning a home, in most cultures, is a matter of pride and a sense of achievement. In that sense, buying a 2 or 1 BHK flat in Vikhroli, Mumbai, is surely a matter of pride. When someone can afford to buy flats in Vikhroli, quite an upmarket area, it boosts their self-confidence. It becomes a social symbol of accomplishment.
There are many ready-to-move projects and flats for sale in Vikhroli. The demand for residential properties in the west is higher than the eastern counterpart; the demand for 2 BHK flats in Vikhroli west is more. Likewise, 1 BHK flats in Vikhroli east are more popular.
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