Prospering suburb
Borivali is well-connected and developing at a rapid speed, says Shilpa Sachdev
Borivali is fast emerging as a favoured hot spot for home buyers. Rapid development of infrastructure, easy connectivity with the city and entry point to Mumbai from Gujarat has made Borivali one of the most favored locations in the city.
Om Ahuja, CEO - Residential Services, Jones Lang LaSalle India says, "Borivali - a major station after Andheri on the western railway route of Mumbai - has always been home to the city's quintessential medium/upper middle-income groups. Since Borivali enjoys convenient accessibility to work spaces in the Western suburbs, it has seen consistent demand from the mid-management cadre of homebuyers over the years. The residential projects that have traditionally graced this suburb had always kept this social dynamic in mind and were priced accordingly. The Western areas of Borivali are defined by housing colonies such as I.C Colony, Satya Nagar, Chikuwadi, Kastur Park, Shimpoli, Yogi Nagar, Trimurti Kripa, Devki Nagar, Saibaba Nagar, LIC Colony, Kosamgonagar, Madonna Colony, Marian Colony, Kanti Park and Kanderpada, Rokadia Lane."
Borivali has good connectivity via the Western Express highway and S.V. Road, as well as a number of internal roads which makes the area inherently approachable and traversable. A number of high-end residential projects are dotting the landscape of this fast growing suburb. Ahuja says, "Borivali's demographic profile has gradually begun assuming an upward trajectory, and several key developers have now proposed to launch premium projects in this region. The development of Ghodbundar Road, which connects the western to the Eastern suburbs of Mumbai, is inducing further growth in real estate prices and general demand enhancement in Borivali.
The Ajmera Group is coming up with a township projects in Borivali known as Yoginagar, which is spread over 8, 50,000 sq. ft. The township comprises some of the prominent buildings like Ajmera Regalia and Ajmera Pristine. Dhaval Ajmera, Director, Ajmera realty & Infra India says, "The project has a sea facing view, which brings in serenity and tranquil atmosphere. Buyers who have desired to buy property in South Mumbai, or suburbs like Bandra, Versova, with a sea facing view will now have a dream come true with the Ajmera Regalia project. This project is equipped with unique and iconic IB School, commercial and retail shops, civic facilities, clinics, medical stores, grocery stores and banks which make it a complete and self sufficient township."
Ajmera adds, "Buying a property in Borivali is highly advantageous as it includes the promised development of a sea link which will connect this suburb to Nariman Point in South Mumbai. This suburb also lies in close proximity to the airport making itself a well-connected and convenient area. Also Borivali is known to be well connected to other parts of the city by means of buses, trains and roads. At the moment, Borivali is considered as one of the most prosperous areas of Mumbai."
For Amit Trivedi, who shifted from Andheri to Borivali, the connectivity through the railway network is of utmost importance. Trivedi says, "We have a huge Gujarati community based out of Borivali so living here makes sense as we can attend to each other on any occasions. Also, it is the boarding point for many local and outstation trains. The property rates are going up as the demand continues to exist. But it is a strategic location to live in and has ample infrastructure one needs on a daily basis, be it gardens, schools, transport and so on."
Dimple Realtors are also developing several projects in Borivali like La-Bellezza, La-Vista and Galassia. A spokesperson from Dimple Realtors says, "Borivali has become a key combination of adequate social infrastructure. Here you will find adequate health care and entertainment hubs. It boasts of good health care services, malls, multiplexes, education institutions, gaming parlor, club houses and also has excellent recreational facilities and shopping avenue too. It is also a major hub for railway transportation. The recent development of Metro connecting Charkop to Mankhurd is new development. This metro is going to help people travel easily to far distance in short time."
The current property rates in Borivali (East) fluctuate between Rs. 9000-12000/-psf and Borivali (West) is moving up to rs. 18,000/- psf in certain pockets. The average rates in Borivali hover around Rs. 14,000/- psf.
New developments in infrastructure and real estate will continue to keep Borivali in high demand in the years to come.
published in Times Property on Jan 19, 2013
Borivali is well-connected and developing at a rapid speed, says Shilpa Sachdev
Om Ahuja, CEO - Residential Services, Jones Lang LaSalle India says, "Borivali - a major station after Andheri on the western railway route of Mumbai - has always been home to the city's quintessential medium/upper middle-income groups. Since Borivali enjoys convenient accessibility to work spaces in the Western suburbs, it has seen consistent demand from the mid-management cadre of homebuyers over the years. The residential projects that have traditionally graced this suburb had always kept this social dynamic in mind and were priced accordingly. The Western areas of Borivali are defined by housing colonies such as I.C Colony, Satya Nagar, Chikuwadi, Kastur Park, Shimpoli, Yogi Nagar, Trimurti Kripa, Devki Nagar, Saibaba Nagar, LIC Colony, Kosamgonagar, Madonna Colony, Marian Colony, Kanti Park and Kanderpada, Rokadia Lane."
Borivali has good connectivity via the Western Express highway and S.V. Road, as well as a number of internal roads which makes the area inherently approachable and traversable. A number of high-end residential projects are dotting the landscape of this fast growing suburb. Ahuja says, "Borivali's demographic profile has gradually begun assuming an upward trajectory, and several key developers have now proposed to launch premium projects in this region. The development of Ghodbundar Road, which connects the western to the Eastern suburbs of Mumbai, is inducing further growth in real estate prices and general demand enhancement in Borivali.
The Ajmera Group is coming up with a township projects in Borivali known as Yoginagar, which is spread over 8, 50,000 sq. ft. The township comprises some of the prominent buildings like Ajmera Regalia and Ajmera Pristine. Dhaval Ajmera, Director, Ajmera realty & Infra India says, "The project has a sea facing view, which brings in serenity and tranquil atmosphere. Buyers who have desired to buy property in South Mumbai, or suburbs like Bandra, Versova, with a sea facing view will now have a dream come true with the Ajmera Regalia project. This project is equipped with unique and iconic IB School, commercial and retail shops, civic facilities, clinics, medical stores, grocery stores and banks which make it a complete and self sufficient township."
Ajmera adds, "Buying a property in Borivali is highly advantageous as it includes the promised development of a sea link which will connect this suburb to Nariman Point in South Mumbai. This suburb also lies in close proximity to the airport making itself a well-connected and convenient area. Also Borivali is known to be well connected to other parts of the city by means of buses, trains and roads. At the moment, Borivali is considered as one of the most prosperous areas of Mumbai."
For Amit Trivedi, who shifted from Andheri to Borivali, the connectivity through the railway network is of utmost importance. Trivedi says, "We have a huge Gujarati community based out of Borivali so living here makes sense as we can attend to each other on any occasions. Also, it is the boarding point for many local and outstation trains. The property rates are going up as the demand continues to exist. But it is a strategic location to live in and has ample infrastructure one needs on a daily basis, be it gardens, schools, transport and so on."
The current property rates in Borivali (East) fluctuate between Rs. 9000-12000/-psf and Borivali (West) is moving up to rs. 18,000/- psf in certain pockets. The average rates in Borivali hover around Rs. 14,000/- psf.
New developments in infrastructure and real estate will continue to keep Borivali in high demand in the years to come.
published in Times Property on Jan 19, 2013
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