Why Is Badlapur One of the Best Options in Uncertain Real Estate Market

Apart from being the summit metro of the country, Mumbai is also a milestone for many. Standard of living, convenience, accessibility, and top-class essential services are the insurances for a secured life for families. This has warranted a housing structure that can suffice the exponential demand. However, the horizontal-space limitations have resulted in the peak of the housing crisis Mumbai has ever experienced. Even though redeveloped projects are assimilating high-rises to increase the number of Flats in Mumbai, the cost of construction of such projects yields high prices for homebuyers. Moreover, rapid inflation in Mumbai is also a major reason why people had to move to their hometowns or other urban areas.

A resolution by MMRDA to extend the horizons of “Mumbai” into the Mumbai Metropolitan Region has not only helped in the housing crisis but also converted underdeveloped areas into high-functioning urban cities.

This 20-year project has changed Mumbai real estate by enhancing inclusivity, developing the outskirts, and extending connectivity. One such suburb, with a decade in making, is the nature’s enclave of Badlapur City.

How Badlapur Became a Top Residential Zone

What was initially a cluster of four villages was merged into a whole suburb to extend the area for a residential zone. This led to two significant advancements- firstly, the local population received a huge incentive for their lands, in exchange for quality flats in Badlapur. Secondly, several real estate developers capitalized on the potential of Badlapur property by introducing extensive projects.

-          As nature is the greatest asset of Badlapur, every project aims to integrate these elements to provide a calm environment for residents. Moreover, the entire locale boasts a high Air Quality Index(AQI) –facilitating fresh ventilation to the flats in Badlapur.

-          The ample space is yet another advantage for developers to utilize it into a complex equipped with several amenities, which otherwise might be impossible in congested areas of Mumbai city.

-          For any suburb to be a beneficial investment, connectivity poses an important parameter for people to decide on. Badlapur is primarily connected to the rest of the city via Mumbai Suburban Railway Network, bifurcating the city into Badlapur– East, and West. within a span of an hour, you can access the entire city, with the convenience of Badlapur station. 

MMRDA has already commenced the plan to construct a 33km 6-lane road connecting Nahur to Badlapur. The proposed Panvel Highway will directly connect Badlapur to Navi Mumbai. Various other measures are taken by MMRDA in and around these suburbs to enhance accessibility.

One project that exemplifies all these characteristics is Poddar Wondercity, offering 1 BHK in Badlapur, spread across 25 acres of luscious greenery. With 50% open spaces and 40+ amenities starting at just Rs. 23.49* Lakhs.

So, the prime question here is how is this ticket size possible? Which brings us to the next evaluation–

Why Is Badlapur an Efficient Investment?

In this segment we shall evaluate the Badlapur Property from a purely financial perspective:

~Starting with the price trend of 2022, Badlapur observed a fiscal rise of 0.5% with an average price of ₹3,922 per sq.ft. The general price trend ranges from ₹1000 - ₹10,714 per sq.ft. (source: housing.com)

The first deduction from these statistics is that–  compared to the property rates of northern and western suburbs, Eastern suburbs offer one-third of the rates. Moreover, as we discussed earlier,  because of ample spaces, these residential projects offer spacious apartments at lower prices.

~The second aspect is the rental structure- more employees from the major employment hubs of Thane, Pune, and Kalyan have opted to stay in Badlapur owing to the lower rents for independent living in 1 BHK in Badlapur. The average rent recorded is ₹5,829, which saw a 6.35% rise in YoY (source: housing.com). With such a steady increase, you can expect considerable rental returns on your investment.