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Riverside-internal-page-galleryA latest report says supply of affordable homes in last two years in Mumbai is 4270 units. That is only 1% of the total demand! Apart from that, increase in land prices is driving customers away from Mumbai.

With such acute shortage of low-cost homes in Mumbai, consumers are headed to its outskirts in hope of finding an affordable home.

However, it is the Badlapur-Karjat region where Mumbai Metropolitan Region (MMR) market is really converging. This is propelling Karjat property projects to new heights in terms of exposure. Hence, housing projects in Karjat are going to be in major demand.

Real-estate property at Karjat: Why should you invest here?

The state government of Maharashtra has initiated several mega infrastructure projects which will catalyze growth of property in Karjat and Neral. This, in turn, has and will push real-estate projects in the region to develop low-cost residential property in Karjat. The potential of these projects is immense, as the corridor is poised to be a real-estate hub.

A look at some of the following projects:

  1. Badlapur–Karjat roads (Part of Alibaug -Virar highway): The highway is being developed into a 4-lane highway.
  2. Karjat–Murbad road: 4-lane Highway being developed as part of the Virar-Murbad-Karjat-Khopoli-Alibaug outer ring road.
  3. Panvel-Chakan Highway: Development through Matheran and Bhimashankar.
  4. Panvel- Karjat Suburban trains: Diversion of suburban train from CST–Kalyan–Karjat to CST–Panvel–Karjat.
  5. MIDC: Several industries are located in MIDC within 10-15 km.

Olympeo Riverside: Best investment for property in Neral and Karjat

Olympeo Infrastructure, a real-estate developer is coming up with a residential property in Karjat called ‘Riverside’.

Riverside is an integrated township consisting of 1-bhk and 2-bhk flats, made especially for affordable living. It is spread over 25 acres in Avsare village, Neral (Karjat Taluka). The residential units have been priced at Rs 2,400/sq.ft. at launch.

Project Highlights

  1. The project is located near the scenic Ulhas River, offering panoramic views of Karjat, Matheran Hills and Bhimashankar Hills.
  2. It’s at a walking distance from Shelu Railway Station and 15 minutes drive from Neral Railway Station.
  3. The project is planned for about one million sq.ft. of development and over 4 acres of central open space for green and sustainable development.
  4. Olympeo Riverside is master planned by renowned architect Hafeez Contractor and more than 1500 housing units would be constructed in phases.
  5. The Project comprises 1500 Housing Units, Primary School, Basic Healthcare Facility, Children’s Play Area, Clubhouse, Playgrounds and Sports Facilities for Cricket, Football, and Basketball etc.
  6. The township has been developed with all convenience and modern amenities and offers more than 80% open spaces including sports arena, landscaping and amenities.
  7. The 1-bhk and 2-bhk flats ensure optimized space planning, cross-ventilation and natural light, thus complementing the green surroundings.

Thus, no more buying Karjat properties for sale elsewhere, Olympeo Riverside is your safest investment bet in real-estate.

For more details, check out Olympeo’s website or call +91 80827 84444/ 80827 74444 for more information.

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