The city of dreams, Mumbai, is India’s financial, commercial, and entertainment hub. It attracts millennials and small families from all across the country, mainly due to the plethora of opportunities it provides. However, one of the primary problems you may face here is finding an affordable place to live, given the city’s ever-increasing population and subsequent property prices. Thankfully, the city also houses many lenders that provide attractive home loan interest rates. So, if you’re looking for affordable apartments projects or houses in Mumbai, here’s a list to help you out.
Green Woods by Vantage Developers
Spread across five towers, Green Woods by Vantage Developers leave little to be desired. Providing one, two, and three-bedroom flats, the housing society has options for all, be it single occupants, small families, or joint families. The project also features top-notch amenities like a clubhouse, gym, kids play area, outdoor tennis court, and much more.
In terms of connectivity, Green Woods, located in Shilphata, Thane, and is well-connected to Kalyan, Thane, and Navi Mumbai.
Dhiraj Reality LivSmart, Kurla
Living in the suburbs can be a delightful affair, especially if it’s Kurla. Connected well to both the highway and LBS Marg, the project provides excellent connectivity to Bandra, CSMT, and Thane.
The project houses one, two-bedroom apartments, and various amenities like gymnasium, landscaped gardens, and a children’s play area. The apartments are sized between 615 sq ft. – 925 sq ft. This housing society also boasts several excellent schools and offices in its vicinity.
Balaji Properties’ Ashtavinayak Residency
A low-budget residential project, Ashtavinayak Residency is located in Bhiwandi, Mumbai, and sports 440 1 and 2 BHK apartments, with area ranging from 300 – 900 sq. ft. This housing project is well connected to Thane and Mumbai via the Mumbai-Agra Highway. Moreover, the Bhiwandi Railway station is located at a stone’s throw distance of 2 kilometres.
Sanghvi Chandresh Accord, Mira Bhayandar
The Sanghvi Chandresh Accord is well connected by major highways like the western express highway and Mumbai – Agra Highway. The housing project, which offers only 1 BHK configuration, is perfect for bachelors and small families. Moreover, the suburb is developing rapidly and is bound to become a residential hotspot in two to three years. The flats sizes available are 450 sq. ft and 500 sq. ft.
Sairekha Laxmi Vishnu Vihar apartments
If you’re looking for a pocket-friendly place in Navi Mumbai, Sairekha Developers have got the perfect place for you. Their Laxmi Vishnu Vihar apartments in Panvel provide spacious 1RK and 1BHK flats, perfect for bachelors or small families.
Tata Value Homes New Haven Boiser II
Featuring large open spaces, kids playing area, landscaped gardens, and a community centre, The Tata Value Homes New Haven is a great place to live. The locality which houses this residential township is also blessed with supermarkets, reputed schools, and theatres. The apartments here are available in 1 and 2BHK configurations.
Dosti Greater Thane
This ongoing project based in Thane is the perfect option for singles and small families. Featuring only 1BHK flats, this project is centrally located and offers excellent connectivity to hospitals, theatres, schools, and malls. Moreover, the township sports outdoor club facilities, Jacuzzi, spa, restaurant, a swimming pool, guest rooms and other state-of-the-art facilities.
These 1BHK flats are relatively cheaper and can be easily financed using a housing loan. If you’re looking to fund your purchase using a home loan, don’t forget to assess your home loan eligibility before applying.
Anushka Arya Greens
Anushka Arya Greens, Bhandup is another excellent option for singles looking to live in the suburbs. This housing provides all the essential amenities like all-day water supply, open parking, and closed parking. Surrounded by hospitals, schools, malls, and highways, this project provides excellent connectivity to Mumbai and Thane. The 23-storey tower features 1RK and 1 BHK configurations, ranging from 178 sq. ft – 258 sq. ft.
Chembur’s growing social infrastructure, employment opportunities, and industrial centres make it an ideal residential neighbourhood. However, the property rates in this suburb can be quite expensive. However, projects like Godrej Palms feature affordable 1 and 2 BHK apartments, with uncharacteristically low prices. As for the amenities, you get a swimming pool, kid play area, a sports area and much more.
DB Ozone, Dahisar East
DB Ozone provides apartments in three configurations – 1, 1.5, and 2 BHK, ranging from 353 – 561 sq. ft. The project features 25 towers currently under construction, along with facilities like swimming pool, cycling and jogging track, kids play area, gymnasium, and power backup.
As is clear from this list, there is no dearth of affordable apartments in Mumbai. All you have to do is avail of housing finance and purchase your dream abode.