Mumbai stands out as a favourable and sought-after real estate city due to its thriving infrastructure, rapidly growing economy and persistent inflow of people from other cities. Each area has growth potential, with specific micro-markets being the city’s most ideal real estate destinations. Versova has been broadly considered one of the most preferred areas by developers and locals.
Over the years, the Versova real estate market has undergone extraordinary developments. Versova is synonymous with the coastline and celebrities.
Located between Juhu and Andheri West, Versova is an extremely desirable residential locality in Mumbai. It enjoys the sea beach and the posh vibe of Juhu while avoiding the bustle of Andheri West. Parks, malls and renowned healthcare and education facilities within proximity have made it a favoured real estate destination for both residents and NRIs.
The metro networks have expanded its connectivity with the rest of the city. The eight-lane sea bridge, the Versova-Bandra Sea Link (now named Swatantryaveer Savarkar Sagari Setu), will make South Bombay extremely accessible and further enhance its connectivity to other parts of Western Mumbai.
Versova is a growing market with a diverse range of housing choices. However, it lacks exclusive and amenities-rich developments by reputed real estate players. To tap into this market, India’s Grade-A developers and architects have been creating outstanding designs through finely spaced homes.
With near-completion infrastructure projects and improved connectivity, property values are expected to be appreciated. Versova is fast becoming the smart choice for investors and homebuyers seeking long-term real estate investments. The combination of pristine location, growth potential and a well-rounded lifestyle makes this neighbourhood the next hotspot in Mumbai’s real estate landscape.
(The author is the CEO – Western Mumbai and Thane, Lodha)
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Prateek Bhattacharya is the CEO – Western Mumbai and Thane, Lodha. He holds a bachelor’s degree in chemical engineering from the Indian Institute of Technology (BHU), Varanasi and a post-graduate diploma in management (manufacturing) from S.P. Jain Institute of Management and Research. He joined Lodha in 2014, prior to which he was an expert associate principal at McKinsey and Company. He has over 23 years of experience across leading organisations such as Asian Paints and Reliance Industries.
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