Suburbs offering affordable flats in Mumbai
While Powai, the Mumbai suburb along the Central Line, has attained a premium tag with respect to real estate, few localities along the same line are still offering residential properties at affordable prices.
Bhandup, Ghatkopar, Vikhroli and Mulund are some of those areas.
In Powai, the average price is over Rs 11,000 per sq ft. Comaratively the average capital value of properties in Mulund and Ghatkoper are in the affordable range, i.e., from Rs 8,000 – 12,000 per sq ft. In Bhandup and Vikhroli, the price ranges from Rs 6,000 – 10,000 per sq ft.
Popular projects in Mulund are by the Nahar Group, Nirmal Lifestyle, Marathon Group and Runwal Developers. While, prominent developers in Ghatkopar include the Skyline Group and Sai Group Builders & Developers. In Vikhroli, Godrej has the biggest land bank.
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