MUMBAI: With a corporation area of roughly 383 sq km and another 500 sq km of Taluka area, the Vasai-Virar region is being touted to become a city in itself. However, does having a large area alone suffice to convert a region into a self-sufficient city? It takes proper social and physical infrastructure along with well-developed connectivity to render a locality self-sufficient. With the inception of the Vasai-Virar Municipal Corporation (VVMC) in 2012, the Vasai-Virar region holds huge potential to become an independent city. Since its formation, the VVMC has been instrumental in the rapid development of this region. Several infrastructure projects are in the pipeline, which may change the face of real estate in these locations.
Some of these projects include the 126-km Virar-Alibaug multi-modal corridor project by the MMRDA that would provide connectivity to all national highways; the Churchgate-Virar elevated rail corridor; the 40-mtrs internal ring road and skywalks; conversion of the existing internal road into a four-lane road, etc. “One of the prime reasons that propelled realty development in the Vasai-Virar belt was the affordable rates. As the area is well-connected to several localities in Mumbai such as Borivali, Andheri, Kandivali, etc., via the western railway line, housing demand has gradually shifted here,” says Diipesh Bhagtani, executive director, Jaycee Homes. He adds that an array of infrastructure projects are being planned by the government in Vasai-Virar, which, if implemented, would spur the region to make a prominent mark in the realty map of Mumbai.
“Both Vasai and Virar are strategically located in the suburbs of the city, with ample free space and traffic-free roads,” states Pankaj Goyal of Goyal Properties. Highlighting the commercial developments that are lined up for this region, he adds, “The sub city is undergoing growth in the commercial and industrial sector as well. There are a few upcoming commercial projects planned in the vicinity, which are targeted to capture multinational companies along with small and medium enterprises (SMEs). The presence of cheap labour, manpower and low cost of operations is attracting many new industries to set up base here and is thus creating more demand in both residential and commercial segments.”
Even though on paper, the picture is rosy, does Vasai-Virar have what it takes to become a city in itself ? Would it repeat the Navi Mumbai success story? There is certainly a ray of hope and the potential seems to be there. However, as of now, no one has a concrete answer, probably not even the VVMC. We’ll just have to wait and watch!