A suburb of Mumbai a few kilometers from Kharghar, Taloja is
quickly becoming an attractive place to buy property in Mumbai. This
region of Mumbai is only 9 kilometers from the railway station and only a ten-minute
drive from the location of the proposed international airport.
The price for property at Taloja is far below the norm for Mumbai,
at near 4,000 rupees per square foot for an apartment; buying property in
Taloja is within the budget of many middle class homes. Most of the apartments
at Taloja are priced far below 1 crore and if you are keen to own a 1
BHK flat in Mumbai you can buy one at Taloja for under 40 lakhs.
As with many Mumbai suburbs, much of the developments at Taloja
are relatively new with only few being older than 10 years and the majority are
less than 5 or 6 years old. Taloja is also a hub of many upcoming projects in
Mumbai, there are close to 70 new projects under construction in Taloja many of
which are being constructed by some of the top builders in Mumbai.
An indication of the attractiveness of Taloja is how well rates of
apartments have appreciated over the past 3 years. Over the past 36
months prices of apartments have risen steadily upwards and in all have shown
an appreciation of nearly 15 percent since 2013. Real estate in Mumbai
is expensive but you wouldn’t know it if you lived in Taloja where most of the
property is within the reach of the middle class home buyer.
Despite nearly all of the property at Taloja catering to the
middle class, there are a few developments under construction for the slightly
better off. Developments of such type are not common and despite being luxury
developments in nature they are priced only slightly higher than 1 crore. If
you are interested in luxury apartments in Mumbai, then you may want to
give Taloja a pass.
There are ample schools near Taloja, some of which are quite well
known and this region also has other great facilities with no shortage of
restaurants and banks in the vicinity.
If your budget allows for only affordable housing, then you can be
the proud owner of a 1 BHK flat in Taloja for under 30 lakhs. When it comes to
buying 1 BHK flats in Mumbai, Taloja may be one of the most affordable
localities in the city.
Even though Taloja may only be a suburb of Mumbai and has a large
number of industries nearby, it still makes a great place to own property
in Mumbai as it has a good social infrastructure and housing built by
reputable builders. Though Taloja has homes which cater largely to budget home
buyers such homes are still at a premium in Mumbai, a city at which owning a
home is a luxury few can afford. With this in mind a home at Taloja is an extremely
attractive option as well as a good investment which if market trends are any
indicator shall continue to rise in value.
