Real Estate Guide For Versova And Ghatkopar

Versova is an upmarket residency in Western Mumbai, Ghatkopar, and an old suburb of Mumbai with planned connectivity in all four directions through the Eastern and Western Express Highway. Ghatkopar-Andheri link road has made both the region a preferred tenant destination.

While Versova is for the affluent gentry, Ghatokpar caters to a varied audience. The locality is divided into regions- Ghatkopar East and Ghatkopar West. Separated by a distance of hardly 7km through a railway line, the two regions are distinct. A potential residence purchaser here must know certain things before zeroing in on the site.


PRICE TRENDS
The following graph contains the coast history ofVersova and Ghatkopar. Land cost should always be looked into as they give an indication about the future land value of the locality. For example, a locality whose land costs are on the rise might have a brighter future than the ones who have not performed well.

Amongst the two regions, Versova, the average land value is Rs 26, 315 per sqft while in Ghatkopar, it is Rs 26, 315. Versova and Ghatkopar have seen a slight drop in coast.

Both sites have been ranked 9 and 317, respectively. The sites have been ranked by Magicbricks readers who have taken into consideration a total of 1161 Mumbai localities. The ratings received by both of them are 4.5 out of 5.

PROPERTY VALUES
Apartments are the most common land type and 2 BHK units are the commonly found configuration. The price range of 2 BHK units is Rs 1 crore and above to Rs 2 crore and above while the size of these units vary from 400-1200 sq ft.

Residential houses, villas, apartment’s builders floors are the land types available in Versova. The most common property configurations are the 3BHK units. The coast ranges of 3BHK units are Rs 2 crore and above to Rs 5 crore and above while the area of these units vary from 1200-1700 sq ft.

INFRASTRUCTURE
East Ghatkopar is closer to the Eastern Express Highway and enjoys better connectivity to other parts of the city. In addition, the condition and width of roads in the East is better than West. Ashwini Kumar of Property Fete Real Estate says, Ghatkopar East has better drainage than the West. Since west is a low laying region, it often gets water logged in monsoons. Narrow roads also lead to traffic congestion in the West.

DEMOGRAPHICS
Ghatkopar East is majorly resided by Gujarati crowds, many of whom are businessman and diamond merchants. The West contains a mix of Gujarati and Muslim crowd, informs Kumar.

Versova is the expensive side of the city. Well-known public figures reside in the region.