New Delhi, October 19, 2023 : Boisar is predominantly characterized as a mid-segment locality, with residential apartments accounting for nearly 80% of the inventory. Around 60% of these residential units are 1 BHK apartments, while the majority of the remaining flats are 2 BHK units. The neighborhood primarily exhibits the greatest demand for 1 BHK apartments, resulting in a commendable annual rental yield of 4% for investors.
In the vast expanse of Mumbai’s real estate market, Boisar is emerging as a beacon of potential destination, ready for significant expansion and transformation. This vital location between Mumbai and Gujarat is undergoing a spectacular transformation, powered by massive infrastructure upgrades. These improvements are not only improving connectivity but also altering the area’s economic landscape, making Boisar an appealing possibility for both investors and homebuyers.
“The infrastructure upgrades in Boisar represent more than just improved connectivity; they represent a significant shift in the region’s economic landscape,” Mr. Prashant Khandelwal – CEO, Agami remarked of the development. “Boisar is on the verge of undergoing a transformation, making it an excellent choice for real estate investments. These projects will open up hitherto unseen possibilities, resulting in a thriving and sustainable community,” adds Mr. Khandelwal.
Boisar and the Bullet Train Revolution
One of the most significant factors changing Boisar’s future is its inclusion in the Mumbai-Ahmedabad bullet train project. The introduction of this high-speed rail line promises to revolutionise connectivity, crossing the gap between Boisar and key centres like BKC, Thane, and Virar in under 35 minutes. This quantum increase in transit infrastructure is projected to spark a real estate boom, making Boisar an alluring destination for property investors and enterprises searching for strategic positions.
The Mumbai-Delhi Expressway: A Lifeline for Boisar’s Growth
The Mumbai-Delhi Expressway. is another critical project determining Boisar’s future. This broad roadway not only improves travel but also serves as a catalyst for economic growth along its path. Boisar, which is strategically located along this motorway, will gain greatly. Because of the enhanced road connection, businesses are flocking to the area, making it an excellent alternative for individuals looking for active investment prospects.
Enhanced Rail Connectivity: The Virar-Dahanu Section
The ongoing four-lining of the Virar-Dahanu railway stretch strengthens Boisar’s appeal. This project will improve rail connectivity, making Boisar more accessible to both commuters and companies. The free flow of people and commodities is projected to boost the region’s economic prospects, attracting new investments and contributing to its growth.
Vadhavan Port: Propelling Industrial Growth
The impending Vadhavan Port, which is set to become India’s third-largest port, is set to change Boisar’s economic landscape. This ambitious initiative is expected to boost industrial growth in Boisar by attracting significant investment and creating a plethora of job possibilities. As industrial activity increases, the need for housing and commercial space in Boisar is expected to rise, making it a prime location for real estate investments.
Coastal Road Extension: Linking Boisar to Progress
The extension of the Mumbai-Virar route to Palghar via the Coastal route is a key milestone for local connectivity. As a result of being a part of this development, Boisar now has better access to neighbouring areas. This improved connectivity not only benefits locals but also increases the region’s attractiveness to businesses and investors, boosting economic growth in Boisar even further.
Boisar’s Industrial Prowess: An Employment Magnet
Boisar’s reputation as a well-developed industrial centre precedes it. With over 1500 industrial units producing everything from steel to plastic, Boisar has become a magnet for job seekers. The presence of Maharashtra’s largest MIDC and the Tarapur Atomic Power Station highlights the area’s economic prowess, boosting demand for homes and business facilities.
Price Appreciation: Boisar’s Bright Future
Property values are set to rise significantly as Boisar’s infrastructure undergoes a dramatic change. The incorporation of Boisar into the bullet train network, as well as its strategic site along the Mumbai-Delhi Motorway and other significant initiatives, ensure a promising future for real estate investors. According to industry experts, these developments will catalyse economic growth, making Boisar a focal point of development in the Mumbai metropolitan region.
Finally, Boisar’s real estate market is seeing a revival, fueled by creative infrastructural initiatives that promise to change the city’s future.
Corporate Comm India (CCI Newswire)
