A Growth Spurt of Properties in Boisar
English: Mumbai, India (Photo credit: Wikipedia)
Boisar is a small town in the Thane district in Maharashtra. It is 45km further away from Virar (which is almost the end of Mumbai). The town is well connected with Mumbai by the Western Line of Mumbai local train network as well as by the state transport buses. In addition to this, the long distance trains stop here. There are people who have bought residential properties in Boisar, but their workplace is in Mumbai so they commute about 70km every day to reach their offices.
Growth of Boisar
Like any other metro in India, Mumbai is also bursting at its seams. The limited space and ever increasing the population, has put pressure on the property market. This has led to the builder exploring new options which would be more affordable to people. This is where places on the outskirts and even in the nearest district of Thane are being developed. One such place is Boisar. There is a big industrial area in the neighbourhood which houses some very well known companies. This has resulted in increased employment opportunities in the area. With people getting attracted to the city, there has been a tremendous development in the basic infrastructure including schools, hospitals, schools, etc. This in turn has affected the popularity and thus, demand for properties in Boisar.
Properties in Boisar
In total contrast with the nearby Mumbai, these properties are still available at reasonable rates. A number of builders of national repute have started coming to the city and are finding the place fit for construction. Be it apartment houses or bungalows or shops, Boisar is the ideal place for a person to buy properties either for living in it themselves or for the purpose of investment.
How to buy Properties in Boisar
The spurt in the growth of Boisar has led to a number of construction companies coming to the city. If you are interested in buying properties in Boisar, the first option would be to go on the internet. There are sites which are real estate oriented and on which you can look for a place to either rent or buy. Most of the builders these days use the internet to publicise their projects. Also, there are many builders with individual websites. These websites try to give you all the information about the project from the comforts of your house including a walk through the project. They also arrange for loans from the banks to help you buy your dream property.
Tips for the first time buyers
The most important thing while buying any type of properties in Boisar is to remember that buying property is probably the most expensive decision of your life. So, be really sure about what you are going to invest in.
You also need to do a background research on the legal aspects of the project especially if the project is still under construction. Since the project is incomplete the final price of the house might be more than (courtesy escalation costs) what the builder promised.
Do not get swayed in by glossy and colourful catalogues. Try to read between the lines and ask the builder to give you a detailed break up of what you are spending. Sometimes the real estate agent can also provide for loan facility so do ask for it.
Do visit the site and analyse the pros and cons in terms of time taken to commute to your office, to your children’s schools. Availability of infrastructure facilities like hospitals, markets, train station, bus depot, etc. should be some of the factors that your final decision be dependent on.
Your dreams of owning a house in Mumbai (or its vicinity) can come true if you look for properties in Boisar, which is an upcoming area.
Author Note
Sunny is a research scholar who works in the field of housing and urban planning. He writes a regular feature in a leading daily in Maharashtra. He is writing a book on the alternative housing for the exploding population of Mumbai and he feels that development of properties in Boisar is a positive step.
Category: Housing
