Development of Vasai – Virar

Accommodation Times News Services

By Mehul Thakur – Director, Viva Homes

Mehul Thakur_Director_VIVA HomesThe fifth most populous city in the world and the business hub of India, Mumbai- the city of dreams is getting congested and costlier by the day. The unique topography of the city has ensured limited supply of land resulting in incessant price rise and higher concentration of premium projects. This has limited the purchasing ability of home buyers leading to the development of nearby areas like Vasai-Virar, Navi Mumbai, Thane, Bhiwandi and Kalyan.

Vasai – Virar’s close proximity and connectivity to Mumbai as compared to other nearby areas gives it access to the Metro’s existing resource and infrastructure base and provides the best solution to first time home owners/ buyers and the middle income group.

Vasai- Virar with a growing population of more than 1.2 million is one of the fastest growing cities in Maharashtra. As per census, the population in the region was 1.9 lakhs in 1971 and has seen an average growth of 95% since. Over the last 5-10 years, the increase in real estate prices in and around Mumbai has resulted in this shift of low and middle-income households to this sub-region. The population growth rate of Vasai- Virar region has been higher than Greater Mumbai and MMRDA region.

Vasai- Virar is strategically linked to Mumbai and other major centers in the Mumbai Metropolitan Region, such as, Navi Mumbai, Panvel, Thane, Bhiwandi and Kalyan, via high end rail and road connectivity. The Mumbai- Ahmedabad National Highway (NH- 8) passes through the eastern part of the region and the city is well connected by the western and central railway. Also, with the proposed elevated rail corridor between Churchgate-Virar and the Bandra-Virar coastal corridor, the road journey will be curtailed to an hour. No other city in the Mumbai Metropolitan Region or in the peripheral locations provides such connectivity. People can easily travel to Mumbai by local train – within 90 minutes to reach Churchgate Station (downtown Mumbai) or 30 minutes to reach the suburbs.

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