Homebuyers may stay away from waterlogged Vasai-Virar region

Mumbai | Friday | 13th July, 2018

Summary:

The Vasai-Virar belt has been popular among low and middle income group homebuyers for affordable homes and train connectivity vis-à-vis other suburban areas. However, the recent waterlogging and disrupted train services will have an impact on the desirability of homebuyers." However, after the recent rains and marooning of the entire area, housing experts feel that homebuyers may hesitate buying flats in these western line satellite towns. Pankaj Kapoor, managing director, Liases Foras and a housing expert said, "People started moving to Vasai-Virar owing to better connectivity to Churchgate via local train. Ashok Mohanani, chairman of Ekta World and vice-president of NAREDCO West claimed that the Vasai-Virar belt has witnessed massive construction activity in the last 15 years..