Villas are a unique real estate configuration because unlike in apartments, the buyer gets to own the piece land on which a villa is built. Pricing of villas would vary with the size of the plot on which they are built, their built-up areas, the amenities offered, whether or not they are gated, the location of the project, its accessibility, value-adds such as sea view and so on.
The Mumbai commercial property market has displayed resilience in the recent past. Despite negative press and high interest and inflation rates, the city’s office market fundamentals continued to improve. This was assisted by strengthening business conditions, strong economic performance, improving property market dynamics and increased corporate hiring.
For working-class home buyers in Mumbai, there aren’t too many options left in terms of affordable residential destinations. As we all know, the term ‘affordable’ is a relative one when it comes to home buying in India’s financial capital. Property rates in Thane are certainly a lot higher now than before, but it still ranks prominently among home buyers who are looking for something affordable in Mumbai’s Eastern suburbs.