Newer horizons
Boisar is not only a further extension to the suburban city but also a potential investment hotspot.

Shilpa Sachdev, Times of India – Times Property, Mumbai, November 28th, 2009.

Located ahead of Virar, Boisar has witnessed a great demand from consumers across the country.
Considering that an average of nearly 77,000 commuters travel the 63.8 km from Dahanu Road to Mumbai every day in shuttle services via Boisar, there is a lot of untapped demand. The upcoming projects in Boisar have not only received a great response from consumers in the adjoining areas of Virar but also parts of Gujarat in the vicinity.
With a population of around 1.25 lakh people in Boisar and around 10 lakh in the neighboring 10 villages of Boisar, the demand for quality residential property is certainly on a rise. The town already has 8 – 1 0 private hospitals and one government hospital with nine primary schools, 14 nursery schools, four private schools and one high school catering to the needs of existing residents.
There are also plans to extend the Western railway network till Dahanu road, that coupled with changing demographics will create an exciting opportunity for people across the country to invest in Boisar.
The town currently has more than 1500 industrial units with global Corporates like Tata Steel, JSW Steel, BARC, Tarapur power station etc providing employment opportunities for people in Boisar and adjoining areas.
Subhankar Mitra, AVP – Strategic Consulting, Jones Lang LaSalle Meghraj says: “There is a significant level of economic activity in Boisar which created more than one lakh jobs over the last decade, thus creating a strong need for housing. There had been no quality supply of residential real estate in this location, leading to a huge demand-supply mismatch. People had to commute for more than an hour each day to reach their workplaces in Boisar.”
Boisar is currently governed by a Gram Panchayat which will soon be converted into a Nagar Palika (a small-scale municipality). At present, the basic infrastructure of road, water supply, etc. is provided by the MIDC. The level of infrastructure is acceptable, considering the size and scale of the town. A Big Bazaar, a standalone multiplex and shopping arcades add to the location’s value and potential as a upcoming residential hub. Healthcare and educational facilities also exist. A 15-coach suburban train on the anvil will be able to handle the existing connectivity shortfall, also making the commute easier.
Mitra shares, “Once the passenger train becomes operational in December, the demand spill-over from the Vasai-Virar region will hit this market. This will result in sustained growth, as Boisar offers a much cleaner and greener environment than most other congested regions in and around Mumbai. Also, it will feature residential properties at prices which would otherwise be unavailable in most other parts of the MMR.”

Speaking on their decision to come up with a project in Boisar and how the place has changed after that, Brotin Banerjee, CEO and MD, Tata Housing says, “Our objective is to empower the Lower Income Group (LIG) with a home along with a community life as a part of Sustainable Integrated Green Development. We want to fulfill their dream of owning a house in a city like Mumbai by offering Smart Value Homes. Our first Shubh Griha Township located at Boisar offers homes from Rs. 3.9 lakh to Rs. 6.74 lakh.”
The Group’s recent launch “New Haven”, an integrated township to be constructed under the Indian Green Building Council, has received a phenomenal response from consumers. The project will provide consumers with a swimming pool, clubhouse and community centre, children’s playground, indoor badminton court, basketball court, jogging track, banquet facilities, landscaped gardens, winding walkways, acupressure paths and much more.

Vilma Cardoz, a Navi Mumbai resident, who has invested in a flat at Boisar says, “I am extremely satisfied with my buying decision. This is my second home. Besides, having born and brought up in Anushakti Nagar, I always wanted a home amidst greenery and Boisar has ample of green spaces that exude peace. The place is also closer to my native place at Baroda. We booked at Rs. 1825 and the prices have already gone up to Rs. 2000. There are special trains from Virar to Boisar and many long-distance trains that connect to the place, so traveling is not much of an issue.”
Agrees another buyer Vijay Chawan, “The affordable prices make it a great option as people with moderate incomes can experience amenities even if the place is far. I have booked a flat here as an investment for my daughter.”
It makes great sense to buy a house in Boisar if one is working in the Palghar-Boisar-Dahanu region. With the increased connectivity, it will also be easier to stay at Boisar and work at Malad or Andheri.
In the near future, Vasai Road will emerge as hub for economic activities, and this area will soon be easily accessible from Boisar. These factors will work symbiotically to enhance the value of property in Boisar many times over in the next few years.

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