November 15, 2016
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1:54Now PlayingExpert: Shoab Sayed, Property Advisory with Motilal Oswal Securities Limited.
Question: I want to purchase a property in Virar, SBL Layout, Horizon which is about 5-10 years old. I want to know the future prospects & development in the area.
Answer: With housing prices appreciating by over 100% in the last 5-6 years, Virar located in MMR is a real estate hub to watch out for. Demand for new realty destinations and its own developing infrastructure has made sure that Virar is a town for the future. The region enjoys seamless connectivity through four important National Highways viz. NH-8 (Mumbai-Ahmedabad), NH-3 (Mumbai-Agra-Delhi), NH-4 (Mumbai-Chennai) and NH-17 (Goa-Mangalore-Kerala). The western line of suburban railways and Western Highway provide easy access to Mumbai from Virar. A proposed corridor will further enhance the connectivity and shall link the region effectively from Raigad and Thane.
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