Versova property market: An overview

Originally a small fishing village of Kolis (fishermen), Versova came under the Portuguese rule in the medieval period. By 1720, Versova already emerged as a small town with developing trades. Places of Versova witnessing tourists streaming in include Versova beach, Versova Fort and the Aksa Beach.

 

 

Connectivity with nearby Versova localities

The locality is well-connected to various developed areas and a number of hotels, schools, banks and hospitals via an excellent network of railways and roadways.

• The nearest railway stations include the Versova railway station, Andheri railway station and Jogeshwari railway station. These are located at distances of 0.85 kilometres, 3.7 kilometres and 3.6 kilometres, respectively.
• The locality is served by the Versova Road which connects it to different parts of Mumbai, Maharashtra.
• The nearest airport is the Chhatrapati Shivaji Maharaj International Airport, which is located at a distance of 8 kilometres from the locality.
• BEST transport network of bus service is operational here.

 

Employment hubs near Versova

The locality is witnessing an increase in the population in the recent years owing to its proximity to various commercial complexes in and near Versova. These include:

• Bandra Kurla Complex (BKC), which is located at a distance of 12.9 kilometres from the locality.

 

Schools in Versova and other social amenities

Versova provides its residents with all kinds of social amenities to live a happy and peaceful life.  They include various schools and hospitals. Schools in Versova include Versova Welfare Association High School, Jankidevi Public School, Saint Anthony’s High School, Saint Mary’s High School, Rajiv Gandhi Institute of Technology, Smt Kamala Mehta College of Commerce and many others.

The major hospitals in Versova include Kalsekar Tibbia Hospital, Saket Maternity & Nursing Home and Kokilaben Dhirubhai Ambani Hospital & Medical Research Institute.

Apart from these it also provides the luxury of enjoying recreational amenities and proximity to various banks and ATMs like Syndicate Bank, ICICI Bank, HDFC Bank, Canara Bank and Dena Bank.

The locality also provides its residents with a number of luxurious shopping arcades like Jewel Shopping Centre and Infiniti Mall.

 

 

Physical infrastructure in Versova

• A 9.89-km-long sealink named the Bandra-Versova Sea Link (BVSL) is to be constructed by the government that would connect Bandra with Versova.

 

Price trends in Versova

• Price depreciation in Versova – Around 0.1% in the last 3 months.
• Current property rates in Versova – Rs 16,076 – Rs 25,985 per sq ft.

 

Reasons to invest in Versova

Versova has emerged as a very convenient neighbourhood considering the easy living conditions and many job opportunities that it provides its residents with. Although property pricings in Versova have been fluctuating in the last year, the rise in demand makes investing in Versova a lucrative option. The presence of commercial hubs in and around the locality, is making Versova a preferred working as well as a residential destination of Mumbai.

Projects like Kanakia Hollywood, Veena Crest, Arshi Towers and many more, make Versova a rather posh and coveted residential neighbourhood that provides better and cheaper living conditions.

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