Vasai Mumbai

Vasai, formerly known as Bassein is a city in the north suburban part of Maharashtra. The Vasai pin code is 401201 which has close proximity with Thane, Mira-Bhayandar, Virar, Nalasopara, and Bhiwandi. Situated on the banks of Ulhas river, Vasai was once a trade center during the British and Portuguese era.

Initially, Vasai was occupied by the Yadavas till late 1317 which was further ruled by the Gujarat Muslim Kings. The name of the city was coined as Vasai seeking inspiration from the Sanskrit word 'vaas' which means residence or place of dwelling. The city of Vasai has witnessed a series of changes in its name starting from 'Bacaim' which was named by the Portuguese which was then changed to Bajipur by the Marathas and Basai by the Muslim rulers and finally Vasai.

Also known as the city of joy, Vasai is a city of diverse culture that celebrates different traditions and festivals. In short, you can say that Vasai is a melting pot of culture where Gujaratis, Marathis, East Indians, and people from all walks of life reside. It boasts of a rich historical significance and is known for its lively atmosphere owing to the vibrant community that lives in the city. About 1.2 million people live here and the city has become a top commercial hub and thriving residential spot.

Physical Infrastructure

Vasai is not as well-connected to other key areas of Mumbai city as are other locations. Vasai Station is the main mode of transit for coming in and out of Vasai as it is towards one far end as seen in Vasai map. The public transport buses that run here are managed by the Vasai Virar transport services which offer connectivity to Thane, Mulund, and Mira Bhayandar. Though there is no metro line to Vasai but the extension of the metro line to Virar is under consideration which will ease transportation and connectivity for the residents of Vasai.

Also, the upcoming project of the Virar-Alibaug corridor is all set to hike the development and connectivity in the city. Besides, Vasai Creek, also known as the East-West bridge, reduces the commute time by connecting the eastern and western part of the city where most employees reside.

Social and Retail Infrastructure of Vasai

The social aspect of Vasai infrastructure has some top schools such as Montana International School, Ryan International School, Shruti Academy, etc. Vasai is also home to universities like ICFAI University and is well-known for colleges namely St. Peter College, St. Gonsalo Garcia College, etc. Residents living here also have easy access to notable hospitals like Navjeevan Hospital, Golden Park Hospital, and Cardinal Gracias Memorial Hospital.

For shopping purposes, the locals can set out for shopping in the local markets, marts, and malls of this locality. Vasai is also famous for its Manickpur cricket ground which is quite a popular venue where local cricket matches are organized.

Real Estate Market Trends and Rental Demand in Vasai

Vasai is a locality that has some top residential projects known for providing luxury living. The price trends of the property in this arena are ever-changing based on the market movement. On an average, the Vasai property rates vary between Rs. 4000 per sq. ft. to Rs. 6000 per sq. ft. based on the locality. On the contrary, the most expensive properties have also crossed the 17k mark per sq ft.

The residential market of Vasai has transitioned from a budget-conscious market to a prime residential hotspot as claimed by property buyers. The Vasai property prices have doubled over the years and are also offering stable rental returns for people who have bought property in Vasai to put on rent. On an average, a 1 BHK flat price ranges between 10 to 40 lakhs and a 2 BHK flat price can vary anywhere between 20 to 55 lakhs. On the other hand, 1 BHK flats can be rented for INR 2500 to INR 7500 a month while, the price may go up to INR 13500 for a rented 2 BHk flat and up to INR 20000 for a 3 BHK apartment.

Top Employment Hub in and nearby Vasai

Vasai also serves as an economic and professional magnet for job seekers and people interested in business alike. Ranging from top tech enclaves to industries and commercial centers, Vasai has a big scope for the working landscape. Below listed are the top employment hubs near Vasai:

• KT Industrial Park (7.2 km)
• Bluebell commercial complex (6.3 km)
• Neelkanth Industrial Estate (7 km)
• Vasai Taluka Industrial cooperative society (1.6 km)
• Hira Industrial Estate (10.1 km)

What are some popular Sub-Localities / Colonies / Areas in Vasai

Vasai is considered to be a pleasant residential option at affordable rates compared to other areas of Mumbai. It offers the most sought and budgeted housing options. Here we pen down the most popular sub-localities and colonies of Vasai:

• Dindayal Nagar
• Nambhat Wadi
• Gharat Wadi
• Suyog Nagar
• Prabhu Krupa Nagar
• Ali Villa
• Chauri Wadi
• Padrikhan Wadi

Things to Do in Vasai

Right from exploring the ancient forts and beaches to immersing oneself in the beauty of this city, and enjoying lip-smacking cuisines, there are a plethora of things to do in Vasai, here are a few of them:

• Visit the Vasai fort which is one of the most popular landmarks in Vasai and an ancient fort in Maharashtra that dates back to the 16th century.
• Trek to Tungareshwar temple that takes you through a beautiful forest trail leading to a mesmerizing view that captivates the heart and mind.
• Another option for nature lovers is the Tungareshwar wildlife sanctuary which lets you explore a diverse range of flora and fauna.
• Explore the Bhuigaon beach which is hardly 12 km away from Vasai station to witness the best sunset views and experience peace in this virgin beach.
• Enjoy the local cuisines especially the famous Vada Pav that you get to buy right in front of Vasai railway station. You can also enjoy the heavenly seafood dishes and various other cuisines available in the restaurants of Vasai.
• Hit the malls and local markets for a shopping spree.
• Vasai also has some trendy nightclubs and lively bars for the party animals to enjoy the vibrant nightlife of this city.

Conclusion 

Vasai, which was earlier more of a weekend getaway spot for the locals and tourists alike owing to its pristine beaches and lush green gardens and areas, has now turned into a lucrative real estate destination. With a range of leisure homes and luxury housing projects, more and more people are being attracted to this city to take respite in their home sweet home in the lap of nature. All in all, Vasai is a city that is a complete mix of old world charm and modernity that offers excellent investment opportunities.

What’s Good about the Locality

Vasai, Mumbai is deemed to be an excellent residential locality well-fledged with all the basic amenities. Here are a few things good about the locality:

• Vasai is well connected to other parts of Mumbai by western railways.
• Vasai offers a natural habitat filled with lush greens, nature-inspired resorts, and beaches making it a place worth visiting and living.
• It also houses small-scale and big-scale industries offering employment opportunities to numerous people.
• Offers a range of street food options at affordable prices.
• Offers multiple premium and economical housing options.
• Has well-lit streets and societies.
• It is a safe place to reside.

What’s not Great about this Locality 

Vasai is a locality that has witnessed some significant developments over the years, yet here are a few aspects that can be improved:

• The frequency of public transport buses in Vasai is comparatively low.
• Lack of vegetarian restaurants for pure vegetarians.
• Metro connectivity plans are still on paper and have not taken a concrete form yet.