Should you buy a property in Borivali East?

Buying a property in Borivali east undoubtedly presents a fantastic investment opportunity in the long run because of multiple reasons.Borivali East has slowly evolved to become a promising destination among home buyers.

Below are some of the reasons why one should buy a property in Borivali East:

Increase in real estate prices.

There has been a consistent rise in the prices of real estate. The avg price per sq. ft has grown by approximately 20% over the last five years.

Magicbricks (Multi-storey Apartment)

Source: Magicbricks (Multi-storey Apartment)

Consistent Growth in rental income.

Average rental income per sq. ft in Borivali has seen a sharp rise over the last five years and has grown by 30%, going from Rs 30 per sq. ft in Oct-17 to Rs 39 per sq. ft in Oct-2023.

Magicbricks (Multi-storey Apartment)

Source: Magicbricks (Multi-storey Apartment)

Employment Hub.

Borivali East has risen as a notable employment hub which is well-connected to some main employment hubs like Goregaon, Malad and Andheri through the Western Express Highway. Mindspce in Malad, Blue Rose Industrial estate and Infinity IT park.

Public Infrastructure.

The property in Borivali east has broad connectivity through the railway, metro and roadways. The Borivali railway station is a prominent stop on the western line of the Mumbai suburban railway network. Furthermore, the metro line has 37 stations on the Dahisar- Mandale route. Metro line 2A is operational, from Dahisar to DN Nagar, comprising 17 stations. Metro Line 2B is still under construction and will have 20 stations. It will enhance the connectivity to Borivali. In addition, there is sufficient availability of BEST buses.

Social and retail infrastructure.

Many noticeable and high-quality educational institutions are nearby such as Ryan International School, Don Bosco High School and St. Xavier’s High School. It has the best healthcare facilities and major hospitals like Navneet hospital, Apex Superspeciality hospital and lotus multispeciality hospitals. There are numerous marketplaces where one can shop for daily essentials. The Reliance Mall, Zoom Plaza Mall, Target mall are a few well-known Malls which makes it best to buy property in Borivali east.