4 Suburban Hotspots to Buy Budget Properties Near Mumbai

Mumbai's high real estate expenses stand in the way of purchasing property for most. Discover more about the affordable properties in suburban hotspots near Mumbai.

Real estate expenses in Mumbai have been increasing and are likely to continue. Mumbai is a financial centre and is an attractive location for many potential consumers. Moreover, Mumbai and its suburban hotspots are home to many extraordinary offerings, from cottages to residential apartments.

Mumbai entices numerous people each year and delivers a variety of job options, the central aspect contributing to the rising market for houses in the city. Nonetheless, not everyone can afford to purchase a home in Mumbai. So it is vital to find more reasonable options in the city. Given below are the affordable places to buy properties in Mumbai.

4 Top Suburban Hotspots to Buy Budget Properties Near Mumbai

1. Nashik

If you want an affordable apartment near Mumbai, go for Nashik. It is located in Maharashtra, Nashik, the city of temples, and it is a prominent pilgrimage centre with a prosperous historical, mythological, and cultural origin. It is one of the most populated and rapidly developing cities across Maharashtra and is part of the golden triangle along - Nashik, Mumbai, and Pune.

Highlights of Nashik

Mumbai is about 190 km, and Pune is 210 Km away from Nashik. There is excellent connectivity in Nashik, and the Mumbai-Nashik 6-lane highway features good toll roads and connectivity between Nashik and Mumbai.

• Nashik is the 3rd most industrialised city in Maharashtra. So, infrastructure development is successful here, whether it's shopping malls, hospitals, and educational institutions.
• Nashik is an evolving centre in Maharashtra. Several major industrial firms are present in Nashik, including ABB, Mahindra, Siemens, Mico Bosch, Glaxo, Crompton Greaves, etc. With such numerous industrial parks, Nashik has tons of job opportunities coming ahead.
• Nashik's pollution status is far lower than those of huge cities like Mumbai; there are breathtaking areas, plenty of greenery, broad roads, open space, and serenity.
• Even though it is hot during summer, the climate is pleasant for the remainder of the year. Also, Nashik produces a surplus of tomatoes, onions, pomegranates, and grapes, making it India's wine capital.
• For people with small kids, Nashik is home to several prestigious international educational institutions for quality education.
• There are also numerous popular colleges, including B.Y.K College for Commerce, K.K. Wagh Engineering, KTHM, Sandip Foundation, Yashwantrao Chavan Open University, and M.E.T Knowledge City.
• Because of the increasing demand for real estate, Nashik has become a desirable location for property investment near Mumbai.
• Also, Nashik is one of the most attractive geographical locations.

Some of the best properties and their rates are given below.

Property Name	BHK	Rate per Sq.ft
Siddhivinayak Anand Sarita Co-Op Hsg Soc Ltd Dwarka, Nashik Central, Nashik	1,2 and 3 BHK Apartments	559 Sq.ft - 1,030 Sq.ft
Greenview Cooperative Housing Society Shri Ram Colony, Mumbai Nashik Expressway, Nashik	1 BHK Apartments	424 Sq.ft - 437 Sq.ft
Yogeshwar Shivalik Skyraa Adgaon, Mumbai Agra Road, Nashik	1,2 and 3 BHK Apartments	585 Sq.ft - 848 Sq.ft
Avani Cooperative Housing Society Panchavati, Nashik Central, Nashik	1,2 and 3 BHK Apartments	391 Sq.ft - 900 Sq.ft
Balaji Heights Peth Road, Nashik North, Nashik	2 and 3 BHK Apartments	568 Sq.ft - 702 Sq.ft

2. Panvel

Previously, not many people were interested in purchasing a property in Panvel, Navi Mumbai. People used to deem Panvel a weekend getaway area. Still, in recent years, it has seen a substantial transformation and is an excellent destination for purchasing budget property near Mumbai.

Highlights of Panvel

• One of the main facets contributing to its allure is its vast spaces, sizable expanses, excellent vegetation, and affordable real estate.
• It is also an outstanding location for property investment near Mumbai.
• Along with this, the administration has other essential infrastructure projects planned. After these infrastructure undertakings, Panvel will also formulate into residential and commercial centres for purchasing property near Mumbai.
• Panvel has outstanding rail and road links. The region effectively connects the central and western lines.
• Also, Panvel is known as the entrance to the Konkan area, lessening the stress of travelling to neighbouring Indian states.
• It is also well connected to the Mumbai-Pune Expressway and Sion-Panvel Expressway. It makes travelling easier and more convenient.
• You should check the connectivity before buying a property because having adequate connectivity can be useful in an emergency.

Some of the best properties and their rates are given below.

Property Name	BHK	Rate per Sq.ft
Priya Sai Aura Panvel, Navi Mumbai, Mumbai	1 and 2 BHK Apartments	229 Sq.ft - 517 Sq.ft
Paradise Sai Suncity Phase 3 Panvel, Navi Mumbai, Mumbai	1 and 3 BHK Apartments	411 Sq.ft- 614 Sq.ft
Sairama Autograph Panvel, Navi Mumbai, Mumbai	2 and 3 BHK Apartments	950 Sq.ft - 1,432 Sq.ft
Millennium Flora Panvel, Navi Mumbai, Mumbai	1,2 and 3 BHK Apartments	388 Sq.ft - 1,400 Sq.ft
SD Infra Homes Panvel, Navi Mumbai, Mumbai	1 BHK Apartments	170 Sq.ft - 256 Sq.ft

3. Asangaon

Asangaon is also among the 4 suburban hotspots to buy budget property near Mumbai. It is 53 km north of Jalna and 40 km from Thane. Asangaon was a little, unrecognised town on the Mumbai-Nashik Highway before the contemporary infrastructure revolution.

Highlights of Asangaon

• In recent years, Asangaon attracted real estate attention and is an excellent place to buy budget property near Mumbai.
• Commercial properties have thrived in the region next to residential development.
• Inhabitants can spend quality time in cafes, dining establishments, sports facilities, and theatres. It is now the best destination for those interested in purchasing a budget property near Mumbai.
• Asangaon is a good locality in Thane with great ready-to-move 1 BHK residential apartments by city-based builders.
• It has a dedicated railway station on the Mumbai-Kasara-Igatpuri-Nashik railway line that serves this region.
• NH-160, known as Mumbai-Nashik Expressway, goes through Asangaon and increases connectivity between the two cities.
• It has various development projects, including Oswal Industrial Estate and 400 non-polluting industrial units.
• Asangaon is famous among renters due to nearby enterprises, excellent rail-road connectivity, and reasonable rentals.
• Shahpur is a tourist hub located within three km of Asangaon.
• There are a lot of shopping places available nearby. Some of them are Naresh Food Mart, Bhawani Super Market, and Shah Shilal Manipal Super Market.
• Hospitals are essential in any area. Asangaon has numerous hospitals nearby: Sayad Hospital, Sub District Hospital Shahapur, and Government Hospital Vasind.
• It also offers educational facilities to its citizens. Some reputed schools are New Standard High, S.V.M Public, and Madhyamik Vidyalaya Asangaon.
• It also has Chhatrapati Shivaji Maharaj International Airport, which is about sixty-seven km from Asangaon via NH-160 in Asangaon.

Some of the best properties and their rates are given below.

Property Name	BHK	Rate per Sq.ft
Vaishnavi Dham Complex Asangaon, Beyond Thane, Mumbai	1 and 2 BHK Apartments	256 Sq.ft - 582 Sq.ft
Mangladeep Sumeet Associates Asangaon, Beyond Thane, Mumbai	1 and 2 BHK Apartments	420 Sq.ft - 604 Sq.ft
Green Aadinath Complex Asangaon, Beyond Thane, Mumbai	1 BHK Apartments	389 Sq.ft - 441 Sq.ft
Mahadev Residency Asangaon, Beyond Thane, Mumbai	1 and 2 BHK Apartments	800 Sq.ft
Kalash Shree Ganesh Sai Apartment Asangaon, Beyond Thane, Mumbai	1 and 2 BHK Apartments	235 Sq.ft - 1,040 Sq.ft

4. Ulwe

The real estate market in India has vast options for homebuyers in every corner of the country. And, one such region is Ulwe in Navi Mumbai. It is an evolving location and is best suited for people from the mid-income group.

Under the jurisdiction of the CIDCO (City and Industrial Development Corporation of Maharashtra Limited), property costs in Ulwe are predicted to rise because of the employment options created in the Thane-Navi Mumbai region. There is a raised demand for plots and flats in Ulwe, Navi Mumbai.

Highlights of Ulwe

• Ulwe has proper infrastructure and excellent connectivity to the Mumbai Highway, Palm Beach Road, Vashi, and Mumbai- Highway.
• Besides, the region has prominent schools, shopping malls, hospitals, and hotels. Therefore, the costs are low, and the future of real estate in Ulwe is quite profitable, leading to an enhanced demand for apartments in Ulwe.
• CIDCO still maintains some vegetation because it was once a community. Those who wish to move away from Mumbai's metropolitan jungle may discover this a great draw.
• In addition, the road connectivity of Ulwe with surrounding areas like Panvel and Kharghar makes it a favourable destination to purchase budget property near Mumbai.
• The railway construction between Nerul and Uran will pass through Ulwe.
• A substantial aspect is the Navi Mumbai International Airport. It will enhance the reputation of Ulwe as a community and could lead to higher property taxes.
• The Mumbai Trans Harbour Link will reduce the distance between Mumbai and Navi Mumbai. Ulwe will aid, and traffic congestion will decrease overall.
• The Navi Mumbai metro line construction will enhance accessibility. It will be easier for people to travel to Ulwe.

Some of the best properties and their rates are given below.

Properly Name	BHK	Rate per Sq.ft
Progressive Prive Ulwe, Navi Mumbai	2 BHK Apartments	446 Sq.ft To 504 Sq.ft
Eknath Sadan Ulwe, Navi Mumbai	1 BHK and 2 BHK Apartments	213 Sq.ft To 700 Sq.ft
Sunanda Sudan Ulwe, Navi Mumbai	1 RK and 1 BHK Apartments	235 Sq.ft To 450 Sq.ft
Balaji Mayuresh Delta Ulwe, Navi Mumbai	2 and 3 BHK Apartments	447 Sq.ft To 702 Sq.ft
Delta Tower Ulwe, Navi Mumbai	2 and 3 BHK Apartments	810 Sq.ft To 1115 Sq.ft

Why are Apartments in Great Demand in Mumbai?

Mumbai is a bustling and spreading metropolitan. This economic capital of India is splintering at its seams with people to create a life or a career in this city. Everybody needs the magic of Mumbai, so numerous people come here to start a new life. It has led to an enormous demand for homes and office areas and increased Mumbai's real estate sector.

The Mumbai Metropolitan Region is one of India's most prominent real estate markets and contributes about twenty-five per cent of the all-around supply across top metro cities.

Regarding the importance of properties in Mumbai, there are specific residential areas deemed real estate gold. It is one of the explanations why Mumbai tops the list when it comes to real estate buys.

These regions are some of the ideal living spaces of Mumbai with all the acceptable features and luxuries like the best colleges, good connectivity, hospitals, prospering nightlife, best diners and hotels, best residential undertakings in Mumbai, etc.

Moreover, due to the Real Estate (Regulation & Development) Act 2016, investment in properties in Mumbai has become secure as the real estate sector is now handled.

Conclusion

Looking for investment choices in Mumbai's real estate requires thorough research and knowing what type of investment you need. You must have a clear idea if you want to invest in a residential property in the suburban hotspot near Mumbai. We have described the best suburban hotspots near Mumbai, which are affordable and safe. You can choose from the locations mentioned above, which will give you many choices regarding residential properties.