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Versova is an upmarket location that was earlier just known as a fishing village located in North-West Mumbai. Versova was earlier known as, “Vesave” or “Visava” and it is an uprising location of Andheri. It is also one of the most posh areas situated in the outskirts of Mumbai. This bustling seaside location has converted into an stunning residential area!
Versova is renowned for its attractions, including Juhu Beach, Cat Cafe Studio, Versova Beach, and Versova Fort. This residential area is celebrated for its stunning beaches, scenic beauty, green spaces, and excellent investment opportunities. It's common to spot celebrities enjoying strolls or meals in this area. Plus, the connectivity provided by the Versova-Andheri-Ghatkopar metro corridor, linking the Eastern and Western Suburbs, further enhances its appeal.
Investing in Versova offers the potential for appreciation in property value. Over the last year, property prices in Versova have seen an increase of approximately 5.7%, 6.2% over the last three years, 8.4% in the previous five years, and an impressive 58.4% over the last ten years. Specifically, builder floor prices have increased by about 9.4% in the previous year and remained stable over the last three years.
This investment avenue provides access to a range of top-notch amenities within various premium projects. You have many options, from completed projects to those still in progress, like Lotus Unity, Kabra Metro One, Bhagtani Krishaang, Kanakia Hollywood, and more. Noteworthy developers like Asshna Developers and Ajmera Group are active in this area.
Given below is the statistical data to know the price rate trend of properties in Versova :
Years | Price rates per sq ft |
---|---|
2019 | Rs 34,245 |
2020 | Rs 31,777 |
2021 | Rs 33,200 |
2022 | Rs 34,090 |
2023 | Rs 33,700 |
Disclaimer: All the above-mentioned prices are based on the data collected from different sources. And this does not reflect the actual price rates. The above-mentioned price rates may vary according to the developers, location, and amenities.
When you think of investing in the properties of Versova, connectivity is never an issue.
Versova boasts a robust job market with numerous business centres and corporate offices nearby. Noteworthy centres like MIDC Andheri, SEEPZ SEZ, NESCO IT Park, Nirlon Knowledge Park, Mindspace Malad, and more are within a 5-10 km radius of Versova. Commercial hubs like Bandra Kurla Complex, Infinity IT Park, Kensington SEZ, Hiranandani Business Park, and several others are conveniently accessible from Versova.
Versova benefits from its strategic location, surrounded by well-developed and renowned localities like Andheri West, Andheri West, Thane, Bhiwandi, Kalyan, and more. This proximity enhances the attractiveness of Versova for both investors and home buyers.
Versova has several amazing social amenities that include top-class educational institutions, hospitals, banks, corporate offices, and much more.
Educational institutions | Hospitals | Restaurants |
---|---|---|
St Anthony’s High School | RichFeel Trichology Center | Fire Bowl Versova |
Rohit Gyani Tutorial | Dr Varsha’s Homeopathic Clinic | Saathi Fast Food |
Scholar’s Tuition Classes | Paras Medical and General Stores | Social |
The PIN Code of Versova is 400061.
Versova is renowned for its attractions, notably Versova Beach and Versova Fort. The beach is currently undergoing one of the largest clean-up efforts, and it's also known for its bustling fish market and frequent fish auctions. Meanwhile, Versova Fort, also known as Madh Fort, is a proud testament to its rich history.
Versova stands out as one of Mumbai's prime residential and investment options, offering an exceptional environment, excellent connectivity, and a wide array of amenities for a lavish lifestyle. It caters to various needs with top-tier facilities like Jamnabai Narsee School, St Anthony's High School, Shreeji Dental Care, Banana Leaf, Versova Social, Rich Hotel, and BMC Garden. Moreover, Versova features outstanding real estate projects such as Lotus Aqua Residences, Raiaskaran Parthenon, Asshna Seabliss, Chandiwala Pearl Heights, and Kanakia Hollywood, ensuring a contemporary and luxurious living experience.
For 1 BHK, the rent in Versova is approximately ₹20,500, for 2 BHK, it's ₹50,500 , and for 3 BHK, it's ₹2.5 Lac.
Some of the top current development projects in Versova are mentioned in the table below:
Versova is a dynamic locality with diverse residential and commercial offerings, making it an attractive prospect for investors and homebuyers. In the coming years, esteemed real estate developers will introduce various affordable and high-end options, further enhancing the allure of Versova. Anticipated developments include Sea Bliss, Lashkaria Solitaire, Keytech Jiten CHS, Radius 7 Water Front, Dange Crown B Wing, and many others.
3 1 BHK flats are available in Versova, including furnished and unfurnished.
1 BHK in Versova costs in the range of ₹75 Lac - ₹1.5 Cr.
The average size of a 1 BHK in Versova is 333 sqft. - 624 sqft.
The rent of 1 BHK in Versova lies in the range of ₹17,500 - ₹55,000.
2 2 BHK flats are available in Versova.
2 BHK in Versova costs in the range of ₹1.20 Cr - ₹3.40 Cr..
The average size of a 2 BHK in Versova is 500 sqft. to 820 sqft..
The rent of 2 BHK in Versova lies in the range of ₹50,000 to ₹1.1 Lac.
1 3 BHK flats are available in Versova.
3 BHK in Versova costs in the range of ₹3.72 Cr to ₹4.00 Cr.
The average size of a 3 BHK in Versova is 977 sqft. to 1500 sqft.
The rent of 3 BHK in Versova lies in the range of ₹55,000 - ₹1.5 Lac.
1 4 BHK flats are available in Versova.
4 BHK in Versova costs in the range of ₹7.70 Cr to ₹9.98 Cr.
The average size of a 4 BHK in Versova is 1662 sqft. to 3142 sqft.
The rent of 4 BHK in Versova lies in the range of ₹1.6 Lac - ₹4.79Lac.
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