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Vasai West is a suburban area in the northern part of Mumbai, Maharashtra, India. It falls within the Palghar district. The area covers a significant expanse, with an approximate size of 25 square kilometres. It's part of the Vasai-Virar Municipal Corporation and is crucial to the region's local governance.
Neighbouring areas include Vasai East, Naigaon, Nala Sopara, and the Arabian Sea to the west. Vasai West shares its borders with the historic Vasai Fort, originally built by the Portuguese in the 16th century, symbolising the area's rich historical heritage.
Investing in Vasai West presents a compelling opportunity due to its vicarious appreciation of flat rates depicted by 29.5% from 2022 to 2023 and 27% from 2019 to 2023.
Furthermore, talking about the rental trends, the average rent increased by 13% in the last year and 36% over the previous five years. With a rental yield of 6%, Vasai West stands poised for those seeking long-term investment returns.
Here is statistical data to understand the price trend in Vasai West, Mumbai:
Year (January-March) | Price/Sq ft |
---|---|
2019 | Rs. 9,100 |
2020 | Rs. 8,900 |
2021 | Rs. 8,800 |
2022 | Rs. 8,150 |
2023 | Rs. 9,400 |
Disclaimer: All the prices mentioned above are based on the data collected from different sources and do not reflect the actual price. The above-listed price may vary per the developer, location, and amenities.
Vasai West is recognised for its relatively affordable property rates compared to other areas in the Mumbai metropolitan region. The affordability is a key factor that attracts homebuyers and investors to this region. On average, the residential property rates in Vasai West range from Rs. 8,000 to Rs. 11,000 per square foot, depending on the specific locality, amenities, and type of housing.
Vasai West's strategic location within the Mumbai metropolitan region makes it lucrative. The area benefits from improved connectivity through the Western Express Highway and the Vasai Road railway station, facilitating easy access to Mumbai and other key business centres.
The area is home to reputable educational institutions and healthcare facilities, ensuring residents' higher quality of life. Some of them are listed below:
Educational Facilities | Healthcare Facilities | Recreational Zones |
---|---|---|
St. Augustine's High School | Shree Sai Multispeciality Hospital | Skyline Camping |
Citizen English High School | Platinum Hospital Vasai | Maxus Fun Zone |
St. Francis High School | Durva Multi-Speciality Hospital | Carnival Cinemas |
Carmelite Convent English High School | Safalya Multispecialty Hospital | Gamers Hideout |
Holy Paradise High School | Appasheth Thorat Multispeciality Hospital | Miraj Cinemas |
Vasai West has witnessed continuous infrastructural developments, contributing to urbanisation. Projects such as the Virar-Alibaug Multimodal Corridor and the proposed extension of the Mumbai Metro network to Vasai-Virar are significant contributors. The government has also sanctioned three water bridges, Bhayandar-Naigaon, Vaitarna water bridge and Versova-Virar-Palghar sea bridge, to smoothen the commute. Such investments translate into increased property demand and value appreciation for investors in Vasai West.
Vasai West is attracting real estate investors with the various new developments listed below:
There are four pin codes allocated to the Vasai West: 401202, 401201, 401203 and 401304
Vasai West is a bustling hub known for the Vasai Road West Market, offering a wide range of local products. Dining options include Royale Masterchef Fine Dine, 90ft Above, The Fusion Kitchen, and more. Experience the lively spirit at places like Classic Rock Culinary Bar, The Post Office Bistro & Bar, Kokum, The Benchmark, and others. Tourist attractions in the area include Vasai Fort, Tungareshwar Temple, Arnala Beach, and more.
One of the residential hubs of Maharashtra, Vasai West, is famous for its affordability. From the best hospitals to top schools and colleges, the locality of Vasai West has all the amenities you can look for.
Vasai West boasts connectivity with the Vasai Railway Station and the Western Express Highway, crucial in connecting Vasai West to other parts of Mumbai.
For 1 BHK, the rent in Vasai West is approximately ₹10 K - ₹20 K; for 2 BHK, it's ₹20 K - ₹30 K; and for 3 BHK, it's ₹30 K - ₹40 K.
Some of the top current development projects in Vasai West are mentioned in the table below:
The future of Vasai West appears promising, driven by infrastructural developments, real estate growth, and the establishment of essential amenities. Thus, the prices for builder floors have risen by 16% in the last year and 25% in the previous three years. The upcoming government projects, such as the Virar-Alibaug Multimodal Corridor and the Vasai to JNPT Metro route, will streamline and improve commuting options for Vasai West.
5 1 BHK flats are available in Vasai West, including furnished and unfurnished.
1 BHK in Vasai West costs in the range of ₹35 Lac - ₹60 Lac.
The average size of a 1 BHK in Vasai West is 400 sq.ft. - 600 sq.ft.
The rent of 1 BHK in Vasai West lies in the range of ₹10 K - ₹20 K.
6 2 BHK flats are available in Vasai West.
2 BHK in Vasai West costs in the range of ₹60 Lac - ₹90 Lac.
The average size of a 2 BHK in Vasai West is 600 sq.ft. - 800 sq.ft.
The rent of 2 BHK in Vasai West lies in the range of ₹20 K - ₹30 K.
3 3 BHK flats are available in Vasai West.
3 BHK flats in Vasai West cost in the range of ₹90 Lac - ₹1.2 Cr.
The average size of a 3 BHK in Vasai West is 800 sq.ft. - 1100 sq.ft.
The rent of 3 BHK in Vasai West lies in the range of ₹30 K - ₹40 K.
1 4 BHK flats are available in Vasai West.
4 BHK flats in Vasai West cost in the range of ₹1.2 Cr - ₹2 Cr.
The average size of a 4 BHK in Vasai West is 1100 sq.ft. - 1500 sq.ft.
The rent of 4 BHK in Vasai West lies in the range of ₹40 K - ₹50 K.
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