Policies, Codes & Other Documents
Living in the ‘City of Dreams’ is still a dream for many - courtesy of its property prices, which are forever on the rise. Given the city’s non-stop development in transportation and infrastructure, finding an affordable place to stay has quickly become a prime issue that both Mumbaikars and immigrants face.
However, with enough research, one can find a place which suits both their financials and convenience. Further, considering the increasing prices, the government has introduced provisions that allow homebuyers to purchase a property under many affordable housing schemes in Mumbai.
Not convinced? Here are five affordable housing projects in Mumbai that will change your mind.
Spread across 32 acres, Piramal Vaikunth houses spacious one, two, and three-bedroom apartments, along with a host of amenities. Some flats in this township have been allotted under PMAY in Mumbai. This has enabled first-time homebuyers to live in beautiful forest and creek-facing apartments at an affordable price.
In terms of facilities, the project boasts up to 60,000 sq. ft. in amenity spaces alone. The society grounds include a squash court, mini cricket area, ATM, banquet hall, convenience store, and much more. Also, the project is located in a remote yet well-connected location.
This Navi Mumbai-based project is a worthy inclusion to this list, mainly because of the standard of living it showcases. With a breathtaking view of the hills, a rooftop amenity garden, and a state-of-the-art clubhouse, Balaji Symphony leaves little to be desired. Moreover, it features a wide range of configurations – 1 RK, 1BHK, 2BHK, and 3BHK apartments – that cater to everyone’s needs.
Some Balaji Symphony apartments are allotted under the Pradhan Mantri Awas Yojana, aiming to provide affordable housing for all. Under this scheme, you will get subsidies on home loan interest rates and save a lot on EMIs.
If you’re looking for a ready-to-move home in the suburbs, then DB Ozone is your best bet. Located in Dahisar, the project houses many towers, featuring spacious one and two-bedroom apartments, fit for small families and singles. Swimming pools, solar water heating, lawn tennis court, and amphitheatre are few of the prominent facilities that the township hosts.
Additional Read: When is the right time to buy a new house in Mumbai?
Located along Pokhran Road – 2, Thane, the township hosts India’s first wellness homes, aimed at providing a comfortable and stress-free living for its inhabitants. The property features one, two, three, and four-bedroom configurations, along with a plethora of amenities like tennis courts, swimming pools, and indoor games.
As a part of its wellness theme, the township also houses a natural pond, organic gardens on outdoor decks, and Vitamin C-induced showers. Living here will surely make you feel closer to nature.
Shrishti Oasis, located in Bhandup, offers spacious and meticulously designed 1 and 2BHK apartments, perfect for singles and small families. Located close to Mumbai’s IT hub, Kanjurmarg, the project provides easy connectivity to many IT parks and offices for working individuals. Moreover, Shrishti Oasis houses all of the necessary amenities, which facilitate the needs of its residents.
With its affordable rates, the property is easily purchasable through a home loan in Mumbai. Nevertheless, don’t forget to check your home loan eligibility before applying.
Additional Read: Top Properties in Mumbai with Minimum Maintenance Charges
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Policies, Codes & Other Documents