I am planning for a short term investment with a low budget for 01 RK. Would you suggest between locality like Vasai, Nalasopara and Naigaon, which is the best option for budget as low as 10L. Also, how is the returns on this investment? Could there be any other localities in suggestions with better scope of returns?

If you are planning for an investment in Mumbai and are confused to pick the best locations, here is a guide for you. I have provided the difference between these three locations along with the market price and market trends. 

Vasai is considered as the affordable residential location in Western Mumbai. Vasai is surrounded by skyscraper builders. Some of the renowned housing properties in Vasai are Shantee Housing, Mirchandani Gardens, Kingston Tower. This location is well connected to commute to other parts of Mumbai via Mumbai Suburban railway and other Public transport is also offered by Vasai Virar Transport Service (VVTS).

There are many schools, hospitals and shopping malls located in Vasai. 

Vasai has an industrial area which attracts many working class as well as business class people.

Vasai Taluka Industrial Co-operative Society, KT Industrial Park, Bluebell Commercial Complex, Hira Industrial Estate, and Neelkanth Industrial Estate are in proximity of 4-5 kms of Vasai West; along with 45 large industries in the whole of Vasai region, and the Rustomjee Global City are few names of industrial setups in Vasai.

• In 2016 the market price for 1 RK property in Vasai was Rs. 7,667 per square feet.

• In 2017 the market price went down and it was Rs. 5,443.89 per square feet for 1 RK in Vasai. 

• In 2018 the market price of 1 RK in Vasai was Rs 5,858 per square feet.

• Again in 2019 the market price fell further and it was Rs. 3,900 per square feet rate. The reasons for continuous fall in market price could be many and demonization is one major reason for this fall in market prices of real estate.

• In 2020  the market price moved upwards and the price of 1 RK in Vasai was Rs. 6,852 per square feet.

• As per my prediction and the current development in the Vasai. And the 2020 market also says a lot about the future rise in the market price.

Nalasopara is located on the

Western suburban railway line in Mumbai. You can find many housing societies in Nalasopara. Some of the names are Yashwant Heights, Tulip Garden 21 CHS, Shree Yashwant Empire, Durvas CHS etc. This location also has excellent connectivity to other parts of Mumbai via NH-48. There are many schools and hospitals located here. 

• In 2017 the market price of Nalasopara was Rs 4,857 per square feet. 

• In 2018  the market price of Nalasopara slightly went down to Rs. 4,294 per square feet.

• In 2019 the market price reduced further to Rs. 3,957.52 per square feet.

If you are planning for investment. Then investing your money in Nalasopara can be risky as the location is far from industrial areas and there are less chances of high return on investment.

Naigaon is a highly developed area and is both a residential and commercial hub. This area is located close to the prime locations of Mumbai such as

Vasai West, Virar, Navghar, Sarjamori, Ornate Universal, MAAD Realtors. This location has a fair connectivity and the residents could also avail the perks of railway service in future via the upcoming Naigaon Railway. Station. This area also has many premium schools, shopping malls and hospitals.

• In

  2018 the market price is Rs. 4,674 per square feet.

• In 2019 the market price of properties in Naigaon skyrocketed. It was Rs. 34,348 per square feet 

• In 2021 the market price fell and it is Rs. 5,455 per square feet at the moment.

As per my suggestion you should keep Naigaon for the first preference, then Vasai and then Nalasopara.  

I hail from Maharashtra and last year we too had the same query of where to invest so that the return of investment can be high. My father asked a lot of people about the Vasai property rates and I would like to say that the properties start from about Rs 1,666- Rs 16,666 per sq ft. Let me share with you all the details that I had noted:

What will be the Virar Property Future?

There are several infrastructure projects planned for areas in and around Virar and my father says it is an ideal destination for investment as it seems to have a good future. The average property rate there is Rs 5200 sq ft.

Virar is also a good locality with an abundant number of schools, colleges, hospitals, markets and more near it so people will love to move there.

Is Naigaon good for investment?

Naigaon is a very nice place to be honest located in the Western Suburbs of Mumbai. The best part is the prices are rising frequently as the east to west bridge is complete now so you can definitely try investing there. Naigaon future development is highly expected to be great so it is better to visit the place and check out the current price per sq ft there. Currently, the average price per sq ft in Naigaon East is Rs 5005 and the price range per sq ft is Rs 185- Rs 8652.

• Chembur - Avg price is Rs 18650/ sq ft

• Andheri West - Avg price is Rs 24,544/ sq ft

• Thane West - Avg price is Rs 11822/ sq ft

• Goregaon East- Avg price is Rs 15947/ sq ft

• Wadala - Avg price is Rs 23505/ sq ft

I hope the Vasai property rates and other areas’ rates will be helpful to you.

Read More: