Vile Parle east property market: An overview


Vile Parle is divided into Vile Parle east and Vile Parle west. Vile Parle east is one of the most popular localities of Mumbai. This locality is surrounded by other localities like Vasant Vihar and Sindhi Colony. It is one of the most developed areas of Mumbai, with a rising number of residential and commercial complexes

The name of this locality Vile Parle has been derived from the names of two temples: ‘Virleshwar’ and ‘Parleshwar’. Vile Parle east is located in the heart of the city and surrounding it are posh localities like Khar, Santacruz, Indira Nagar and Andheri east. Vile Parle east has the best residential complexes along with important commercial complexes. Presently it is one of the most important hubs for education. There are important commercial buildings like the Kingfisher House, Parle Products, etc. The real estate of Vile Parle east is extremely well-developed. The demand for this area is rising, as residential and commercial complexes are increasing. It is one of the posh areas of Mumbai. Several builders in Vile Parle east like Varsha Builders and Sunteck Realty are constructing residential complexes. There are flats in Vile Parle east ranging from 2-BHK to 5-BHK. The amenities and services vary according to the buyer’s budget. There are several apartments and independent houses in Vile Parle too.

 

Connectivity with nearby Vile Parle east localities

  • The distance from Chhatrapati Shivaji Maharaj International Airport to Vile Parle east is 0.5 kilometres.
  • The distance from Mumbai Central railway station to Vile Parle east is 18.7 kilometres via Western Express Highway.
  • There are several bus stops which help to connect with other parts of the city.

 

Employment hubs near Vile Parle east

  • The distance from Bandra to Vile Parle east is 8.9 kilometres.
  • The distance from Vikhroli to Vile Parle east is 15.5 kilometres via Chembur Link Road.
  • The distance from Andheri east to Vile Parle east is 4.3 kilometres via Chakala Road.

 

Schools in Vile Parle east and other social amenities

Various schools in Vile Parle east include St Xaviers High School and Paradigm IAS Academy Pvt Ltd. The hospitals in Vile Parle east are Parle Hospital and Babasaheb Gawde Hospital, among others. Shopping complexes in Vile Parle east are Parle Square and Vinayak Shopping Centre. Banks and ATMs in Vile Parle east include IDBI Bank ATM and HDFC Bank ATM. The various restaurants in Vile Parle east Include Café Coffee Day and The Lounge.  Parks in Vile Parle east include Keskar Park and Nand Prem Complex.

 

Price trends in Vile Parle east

The price trends in Vile Parle east from October 2016 to December 2016 have been as follows: The highest rate for multi-storey buildings is Rs 32,729 per sq ft, the average rate is Rs 26,991 per sq ft and the lowest rate is Rs 21,253 per sq ft. The highest rate for residential house is Rs 34,881 per sq ft, the average rate is Rs 28,249 per sq ft and the lowest rate is Rs 21,687 per sq ft.

 

Reasons to invest in Vile Parle east

Vile Parle is one of the most important areas of Mumbai today. It is a posh area and it is also surrounded by other posh areas. In this area the most important offices and business hubs are located and along with it are top residential complexes. Big real estate developers are investing a lot in this area and the pros of this area is that it is located in the heart of the city with all the important localities are close by. The social infrastructure of this area is very well-developed with many schools and colleges. There are many well-equipped hospitals that provide a wide range of facilities. There are many refreshment options too like restaurants, parks, cinema halls, etc. The airport and railway stations are also close by.

Check Properties at Vile Parle East

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