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Why Virar? Reasons Why Mumbaikars Are Moving To Virar For A Better Life
Virar, a part of Mumbai Metropolitan Region is also a part of Vasai-Virar Municipal Corporation in the Palghar district of Maharashtra. While for many years, Virar was only known as a weekend destination for Mumbaikars who made a quick getaway to the city for some relaxing time by the beach, today it has grown to be more than that. Property in Virar has become more popular and due to its infrastructure development, it is becoming a sought-after residential hub. Let's quickly see the reasons why Mumbaikars are suddenly move bag and baggage to this suburb in search for a better life and more promising lifestyle:
1. Capital Appreciation
The affordability factor and all the recent developments have contributed largely towards the increasing property rates in Virar. A recent market study says that there has been approximately 100% increase of rates in property in Virar in the last 6 years. This only makes way for more growth and property rise in the coming years.
2. Higher Absorption
While it is a known fact that Mumbai has reached its upper limit when it comes to housing, the percentage of absorption in Vasai-Virar region is considerably higher than that of the western suburbs, Navi Mumbai and even the Mira-Bhayander belt. This automatically makes people want to opt for flats in Virar as opposed to any other part of Mumbai.
3. Proposed Infrastructure
The foundation stone for the Mumbai-Ahmedabad bullet train which is set to pass through Virar was laid in September of 2017, paving way for more developments in the city. Proposed infrastructure such as the Virar-Panvel-Alibaugh multi modal corridor, the elevated western railway corridor and the extension of the harbour line local train service is only set to bring in more home buyers as they all would love to be a part of Virar's growth story.
4. Green Surroundings
Virar is located away from the bustling city of Mumbai, it is in fact considered as a little pocket of green. With several green parks and pristine beaches, it is no wonder that Virar enjoys cleaner air and more beautiful surroundings than the rest of the city.
5. Cosmopolitan Suburb
Virar has slowly but steadily become a cosmopolitan suburb over the years. Consisting of approximately 70% Marathi speaking people, the remaining population is a mix of Catholics and Gujaratis. Virar also is said to have a higher than normal literacy rate, which is an indicator of the cosmopolitan nature of the city.
6. Industrial Growth
While there are quite a few industries that are already set up in Virar, the establishment of more IT/ITES parks is set to change the face of the area. Growing industrial hubs mean growing job opportunities, making Virar even more alluring to home buyers and investors.
Whether you are searching for 1 BHK flats in Virar or a more luxurious project, the city really has something for everyone. Joyville Virar by Shapoorji Pallonji is yet another reason for you to seriously consider moving to this city and experiencing joy like never before.
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