Wow Virar: The booming aspirational residential market
Sep 19, 2019
Virar is one of the few locations in MMR region which has witnessed promising growth and consistent demand for housing in last couple of years. Increasing real estate prices in and around Mumbai has resulted in a shift of population of affordable and middle-income households to Virar. The infrastructure too has strengthened by manifold in and around the entire Virar which also paved the way for a steady real estate market.
As a residential market, Virar is rapidly developing, giving home buyers a distinct advantage. Corporate developers are establishing aspirational projects, with hitherto unseen features in the region. These include new architectural designs, landscaping, gated communities complete with clubhouse, swimming pool and many other modern amenities. With office premises shifting from south Mumbai to the city's western suburb like BKC, Andheri and Goregaon, Virar has emerged as a preferred destination for affordable and aspirational housing.
Apart from the strong road and local train network, Virar will be directly connected to some of the key areas of Mumbai through the mass rapid transit network of Metro. The Mumbai Metropolitan Region Development Authority (MMRDA) now plans to extend the Mumbai Metro Line-9, a 10.5-km corridor between Dahisar and Mira-Bhayander, to Virar. The residents of Virar currently can avail the AC Train service up to Churchgate.
The MSRDC has also proposed the eight-lane bridge which will connect Versova to Virar. The travel time between Nariman Point in south Mumbai and Virar is expected to be reduced to an hour from the current three hours. In another boost to connectivity, the Mumbai-Ahmedabad Bullet Train line will have a stop in Virar which will lead to ease of travel for its residents.
Backing this ‘living potential’ in the suburb is further being enhanced by civic infrastructure developments – such as better roads, water and electricity supply for residents. In fact, an 88 km water pipeline is budgeted solely for Vasai-Virar and Mira-Bhayandar.
Virar is also getting ready to offer a plethora of advanced social infrastructure such as schools, colleges, and critical facilities such as hospitals. Entertainment zones, malls and other modern recreation options are also on the cards. With enviably lush greenery, expansive open spaces, scenic beaches and a breakaway from congested city life, it is swiftly becoming a place where life lives in fine balance.