An Affordable Housing Destination – Palghar, Thane

Palghar  in thane district is now a fast developing affordable residential location which is just about 90 kms from Mumbai.
Palghar is the next major junction after virar on the western railway. The demand for budget homes is shifting from Virar, Vasai to Palghar also.
The price range for residential properties in Palghar varies between Rs 2,000-3,500 per sq ft as compared to Rs 4,000-5,500 per sq ft in Virar, Dombivali, Vasai etc. Since it is an affordable destination for the residential market, there is a huge demand for housing. The maximum demand is witnessed for 1 and 2BHK units as the end users are mostly buyers working in industrial area of Palghar and Boisar and also investors from Mumbai who wants to take flat as 2nd home or for investment purpose.
As aligned with the existing demand most of the builders are coming up with projects that offer smaller units of 1 and 2BHK configurations.

Connectivity and Amenities :
The locality is easily accessible from the Mumbai-Ahmedabad National Highway (NH8). Connectivity of the locality is set to improve with the local railway line from Virar expected to extend to Dahanu. , The locality also enjoys good bus service. All basic amenities like schools, colleges, hospitals, shopping malls, restaurants, etc are already present in the locality.
With major realty developments taking place in the locality, an appreciation of approximately 20-25 per cent is expected in the next one year.

Thus, Palghar is all set to become the next budget destination in Thane that offers a good option for both investments as well as end use.

-Team Townmumbai.com

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