Budget Friendly Housing Options in Mumbai’s Suburban areas

• Admin
• 23-10-2023

Mumbai is one of India’s priciest cities, making property purchases challenging, especially for those on a limited budget. However, Mumbai’s suburbs provide a number of possibilities for economical accommodation.

Here are a few of Mumbai’s suburbs’ most cost-effective housing options:

·        Borivali

Popular residential neighbourhood Borivali is located in Mumbai’s western suburbs. Train and automobile connections to the city centre are excellent. There are residential properties in Borivali for every price level.

A 1 BHK property In Borivali typically costs between $50 and $60 lakhs. A 2 BHK home in Borivali typically costs between 70 and 80 lakhs rupees.

·        Kandivali

Another well-liked residential neighbourhood in Mumbai’s western suburbs is Kandivali. Train and automobile connections to the city centre are excellent. There are residential properties in Kandivali for every price level.

A 1 BHK property In Kandivali typically costs between 45 and 55 lakhs. In Kandivali, a 2 BHK home typically costs between 60 and 70 lakhs.

·        Mira Road

A fast growing neighbourhood in Mumbai’s western suburbs is called Mira Road. Train and automobile connections to the city centre are excellent. Mira Road offers a variety of residential homes for every price range.

A 1 BHK property in Mira Road typically costs between $40 and $50 lakhs. In Mira Road, a 2 BHK home typically costs between 55 and 65 lakhs.

·        Thane

Thane, a significant metropolis in Maharashtra’s Konkan area, lies around 25 kilometres from Mumbai. By train and by road, Thane and Mumbai are well connected. There are residential properties in Thane for every price level.

A 1 BHK home in Thane typically costs between 35 and 45 lakhs. A 2 BHK home in Thane typically costs between 50 and 60 lakhs.

·        Kalyan

A significant city in Maharashtra’s Thane district, Kalyan is around 40 kilometres from Mumbai. Mumbai and Kalyan are both easily accessible by road and train. There are residential properties in Kalyan for every price level.

A 1 BHK home in Kalyan typically costs between $30 and $40 lakhs. A 2 BHK home in Kalyan typically costs between 45 and 55 lakhs.

These are only a few of the numerous affordable housing alternatives present in Mumbai’s suburbs. It’s crucial to take into account aspects like connection, social and physical infrastructure, and closeness to places of employment or higher learning when choosing a place to live.

Guidelines for buying affordable housing in Mumbai

Here are some pointers for finding affordable apartments in Mumbai:

·        Complete your research

It’s crucial to complete your homework and comprehend the Mumbai real estate market before you begin shopping for a property. This will assist you in determining a reasonable budget and the ideal neighbourhoods in which to hunt for properties.

·        Choose location wisely

Being adaptable with your location may be necessary if you are working with a limited budget. Think about purchasing a home in a less well-known suburb or a neighbourhood that is expanding.

·        Utilise government programmes

The Maharashtra government offers a number of programmes to assist individuals in purchasing cheap housing. Make sure to look into these programmes to determine your eligibility.

Conclusion

Purchasing a home is a significant life decision, so it is crucial to conduct your homework and select the ideal residence for your requirements. There are various affordable home options in Mumbai’s suburbs if you have a limited budget. You can find a property that is within your price range and matches your demands by heeding the advice given above.