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Buying a Home in Virar: Everything You Need To Know

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You’re probably thinking, who wants to buy a home in Virar? It’s a suburb located on the northern side of Mumbai and is connected with the city via two train services — Virar- Vadivali and Virar- Dahanu Road. It might not be among your first choices as an ideal location for buying a home, but if you are looking for something affordable, it could be worth considering. Let’s take a look at some key points that will help you decide whether or not to buy a property in Virar. 

What’s the current market situation in Virar?

The housing market in Virar is expected to see a strong growth in 2022 as the city is expected to see an influx of new residents because of the ongoing construction of the Virar- Badlapur Rail Corridor. This project will connect Virar to the central parts of the city and will be completed by 2023. It’s the reason why real estate prices in the area are expected to go up this year. The demand for homes in Virar is high, and many developers have been launching new projects in the area. As a result, there is a large selection of properties in Virar to choose from. Among the most popular residential areas in Virar are Virar East, Virar West, and Bhayandar. If you want to be close to the railway station, Virar East is your best bet. However, if you want a larger plot of land, Virar West and Bhayandar are a better choice.

Pros of Buying a Property in Virar

As we mentioned, demand for properties in Virar is expected to rise this year and there is a large selection of properties to choose from, so finding a suitable home should not be a challenge. You will also have an easy commute to work with the Virar- Badlapur Rail Corridor expected to be completed by 2023. There are multiple real estate developers in the city, and some of them offer attractive deals for first-time home buyers. You can also find affordable single-family homes in Virar if you’re on a budget.

 Cons of Buying a Property in Virar

The only major concern with buying a home in Virar is the lack of availability of open plots of land. You might have to settle for a smaller or a larger plot of land depending on what is available. Another important thing to keep in mind is the poor connectivity of the suburb. Though the Virar- Badlapur Rail Corridor is expected to be completed by 2023, the city still lacks decent public transportation. So, if you’re buying a home in Virar, you’d have to get your car out on the road every day.

Things to consider before buying a home in Virar

The type of home you want: Do you want to buy a house or an apartment? The prices of apartments are usually lower than the prices of houses. Location: The location of the home you’re planning to buy is important. You’d want to get a home that’s close to your workplace as well as schools, hospitals, and other amenities. So make sure you know the area well before you buy. Price: The price of the home is one of the most important factors when buying a home. You’d want to get the most value for your money when buying a home. So it’s important to do your research beforehand. Loan: You’d want to get an affordable home loan. You’d also have to ensure your monthly repayments are within your budget.

How Much Will it Cost You to Buy a Home in Virar?

The price of homes in Virar largely depends on the location, type of home, and size of the plot of land. The average price of a 2/3 BHK apartment in Virar is around INR 45 lakhs. The price of a 1 BHK apartment in Virar is around INR 33 lakhs. The average price of a 2/3 BHK house in Virar is around INR 50 lakhs. The price of a 1 BHK house in Virar is around INR 30 lakhs. The price of a 2/3 BHK home in Virar East is around INR 55 lakhs. The price of a 2/3 BHK home in Virar West is around INR 50 lakhs. The price of a 1 BHK home in Virar East is around INR 30 lakhs. The price of a 1 BHK home in Virar West is around INR 33 lakhs.

 Conclusion

The city of Virar is located on the northern side of Mumbai and is connected to the city via two train services – Virar- Vadivali and Virar- Dahanu Road. It might not be among the first choices as an ideal location for buying a home, but if you are looking for something affordable, it could be worth considering. The housing market in Virar is expected to see strong growth in 2022 thanks to the ongoing construction of the Virar- Badlapur Rail Corridor. This project will connect Virar to the central parts of the city and will be completed by 2023. Buyers can expect real estate prices in the area to go up this year. The demand for homes in Virar is high, and many developers have been launching new projects in the area. As a result, there is a large selection of properties in Virar to choose from. Among the most popular residential areas in Virar are Virar East, Virar West, and Bhayandar. If you want to be close to the railway station, Virar East is your best bet.

Though Virar has a decent availability of educational institutions and medical facilities, a paucity of big malls and retail hubs is evident. 

Social amenities in Virar, Mumbai

Educational institutions

Healthcare facilities

St James English High School

Sahyog Hospital and Research Centre (2 km)

Carmel Convent High School

Riddhi Vinayak Multispeciality Hospital (5 km)

Matrix Academy School

Mahavir Hospital (2 km)

NGV High School

Sanjivani Hospital (3 km)

Virar enjoys good road connectivity with Thane via NH-48 (part of Golden Quadrilateral). It is connected to Mumbai via NH-48 and Western Express Highway (WEH). Nalasopara and Vasai are popular neighbourhoods of Virar. At present, the Virar region is connected to the railway network via Virar Railway Station on the Western Line of Mumbai Suburban Network. The proposed quadrupling of the Borivali-Virar railway line is expected to strengthen the connectivity infrastructure in the region.

Virar-Alibaug Multimodal Corridor is an ambitious project, funded by the World Bank, to provide seamless connectivity to Thane, Palghar and Raigad districts and will cut down travel time to Alibaug by over 50 percent. The project is expected to generate huge employment opportunities in Virar, Bhiwandi and Dombivali area, which will be enabling for the future housing demand in the region.

However, the absence of metro connectivity nearby is still a sore point of the area. To connect Virar with the Mumbai metro network, the State government has proposed a 23-km long Purple Line 13 of Mumbai Metro from Mira Road to Virar. This will boost the connectivity quotient of the entire region. It is expected to get completed by 2026. The International Airport of Mumbai is at a distance of 60 km from Virar via Western Express Highway.

Conclusively, affordability and ample supply of ‘ready-to-move-in’, as well as under-construction properties, attract real estate investors towards the real estate market of Virar, and the trend is here to stay .

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