Ce diaporama a bien été signalé.
Nous utilisons votre profil LinkedIn et vos données d’activité pour vous proposer des publicités personnalisées et pertinentes. Vous pouvez changer vos préférences de publicités à tout moment.

Everything You Need To Know About Nala Sopara - A CommonFloor Report

Nala Sopara is one of the suburbs in Mumbai which is slowly making an entry onto the Mumbai real estate map as an affordable housing destination. Located in the northern region of Mumbai Metropolitan Region (MMR), the suburb is governed by the Vasai Virar Municipal Corporation. The area is making an entry into the Mumbai real estate scenario owing to its good connectivity, growing infrastructure and its affordable prices. While the area is on the growth path, it also faces several issues. At the same time, it has several opportunities for further growth and a few potential threats that could dampen the real estate sector.

  • Identifiez-vous pour voir les commentaires

  • Soyez le premier à aimer ceci

Everything You Need To Know About Nala Sopara - A CommonFloor Report

  1. 1. EVERYTHING YOU NEED TO KNOW ABOUT NALA SOPARA A COMMONFLOOR REPORT
  2. 2. Overview - Nala Sopara is a suburb situated in the neighbourhood of Vasai-Virar region in the northern part of Mumbai Metropolitan Region (MMR) governed by the Vasai-Virar Municipal Corporation (VVMC) and has good connectivity with prime areas of Mumbai such as Bandra or Andheri. - Excellent connectivity and infrastructure boost has become attractive to several end users and led to high realty growth in the area in recent times. - Interestingly, of late, Nala Sopara is being touted as one of the affordable destinations to look for in the MMR
  3. 3. Connectivity and Infrastructure - Nala Sopara has good connectivity to Mumbai via road and rail. Western Express Highway (WEH), part of NH-8, is the most important road that connects Nala Sopara with the rest of Mumbai. - Besides road, the western line of the Mumbai suburban railway also passes through Nala Sopara. The area has regular trains from Churchgate, Dadar, Bandra, Andheri and Borivali. - Nalasopara has a good social civic and social infrastructure including several educational institutions,hospitals, a Fun Fiesta Theatre, restaurants, a cricket ground, a few parks and lakes, shopping facilities etc. - Some of the important infrastructure projects in the area are WEH passes close to Nala Sopara, Western line of Mumbai suburban railway, Dahanu-Mumbai local trains & Link Road up to Vasai has been made ready.
  4. 4. Civic Issues Nala Sopara faces civic issues like any other locality such as; - There have been a few incidents of crimes in the locality. - With significant influx of population, particularly lower and middle class, the area has witnessed immense growth in recent times. - The area still faces issues such as availability of water and electricity. There are also limited entertainment options. - Nala Sopara is directly connected to Mumbai through the WEH. While the outer connectivity from this area is smooth due to the highway, the internal roads and infrastructure are still rudimentary.
  5. 5. Market Outlook (Capital and rental values) - Nala Sopara is an area that has come up as a destination for affordable housing. Compared to the eastern part, the western part of the area is more planned and developed. Few interior locations of Nala Sopara east that connect to Virar have several illegal buildings. Hence, one needs to be careful while buying houses here. - Nala Sopara currently offers a floor space index (FSI) of 1 for apartments while with the new amendment the FSI would be increased up to 2.5, which would include the basic FSI of 1 and 0.75 from Transfer of Development Rights (TDR). - Some of the major residential locations in Nala Sopara West include Sri Prastha Complex, Patankar Park and Chanakya Nagar. Some of the residential locations in the eastern zone are Taki Road, Raghukul Nagar, Vijay Nagar, Radha Nagar, Tulinj Road and Achole Road.
  6. 6. Residential launches from 2011-2014 Nala Sopara has recently come on the radar of Mumbai realty. As such, it has seen decent number of units launched in the last five years. The following graph gives an idea about the trend of units launched since 2011. The graph indicates that Nala Sopara witnessed the maximum number of units launched in 2011 and 2012 after which, there has been a steady decline in the number of units launched
  7. 7. Residential market Insights (BHK split in 2013-2014] - As per CommonFloor data, maximum available projects in the locality are apartments with maximum availability of 1 BHK and then followed by 2BHK apartments indicating that the locality primarily caters to the lower and middle income population. - The approximate built-up area of a 1BHK unit is in the range of 395-695 sq. ft. while that of a 2BHK unit is about 675-890 sq. ft. 67% 33% 1 BHK 2 BHK BHK wise percentage availability in Nala Sopara
  8. 8. Residential market Insights (Major Builders and projects] Projects Builders/Developers Total units BHK Availability Project Status Expected Yr. of Completion Guru Kripa Complex Spacewel Pvt ltd 450 1BHK Ongoing 2015 end Sankalp Heights Sankalp Lifespace 192 1BHK Ongoing 2016 Trimurti Zain Heights Trimurti Construction 84 1 and 2BHK Ongoing 2016 Om Sai Heights (Phase II) Sai Shakti Group 72 1BHK Ongoing 2015 end Nine Glorious Lifestyle Nine Realcon & Infra Pvt Ltd 216 1 and 2BHK Ongoing 2016 Major builders and projects in Nala Sopara
  9. 9. Residential market Insights (Price Trends] Property prices in Nala Sopara are very low compared to several other expensive suburbs in Mumbai. The following graph gives an idea of the property prices in the area in the last two years. 17,90,000 16,74,000 21,75,000 25,80,000 32,20,000 24,30,000 27,45,000 30,60,000 0 5,00,000 10,00,000 15,00,000 20,00,000 25,00,000 30,00,000 35,00,000 H1 2013 H2 2013 H1 2014 H2 2014 PROPERTYPRICES(RS) Avg price (Rs) for 1BHK Avg price (Rs) for 2BHK The average property prices in Nala Sopara have not exceeded Rs 30 lakh in the last two years, though there has been a steady growth in prices. 0 1,000 2,000 3,000 4,000 5,000 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 WAP(RS/SQFT) WAP Weighted average price (WAP) trendsAverage property prices for 1 and 2 BHK units It may be seen that the WAP in Nala Sopara is about Rs 4,200 per sq. ft. primarily because the area has not been explored much.
  10. 10. Residential market Insights (Price Trends] Property prices in Nala Sopara are very low compared to several other expensive suburbs in Mumbai. The following graph gives an idea of the property prices in the area in the last two years. 17,90,000 16,74,000 21,75,000 25,80,000 32,20,000 24,30,000 27,45,000 30,60,000 0 5,00,000 10,00,000 15,00,000 20,00,000 25,00,000 30,00,000 35,00,000 H1 2013 H2 2013 H1 2014 H2 2014 PROPERTYPRICES(RS) Avg price (Rs) for 1BHK Avg price (Rs) for 2BHK The average property prices in Nala Sopara have not exceeded Rs 30 lakh in the last two years, though there has been a steady growth in prices. 0 1,000 2,000 3,000 4,000 5,000 H1 2013 H2 2013 H1 2014 H2 2014 H1 2015 WAP(RS/SQFT) WAP Weighted average price (WAP) trendsAverage property prices for 1 and 2 BHK units It may be seen that the WAP in Nala Sopara is about Rs 4,200 per sq. ft. primarily because the area has not been explored much.
  11. 11. Conclusion - Nala Sopara is gaining prominence because the area still offers affordable property as compared to other suburban MMR destinations. - The area is popular among the lower and middle income group and offers 1, 2BHK apartments within the affordable price range. - Nala Sopara has limited infrastructure and some civic issues related to water and electricity. However, the infrastructure in the area is growing at a fast pace. - It has good connectivity by road and rail with other areas in MMR. There are plans to improve this connectivity even more in the future. - Even though the locality is yet to generate significant demand and supply of housing projects, for people who are looking for affordable localities in MMR, Nala Sopara is a good choice.
  12. 12. Get the detailed in depth report on Nala Sopara here Image source
  13. 13. CommonFloor.com is India's leading property search portal. On a mission to make property search hassle-free, transparent and fruitful; CF has best of breed property search on maps, property search mobile apps and an extensive section for knowledge resources and advice in real estate.

×