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Flats Above 10 Crore for sale in Evershine Nagar Malad, Malad, Mumbai
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About Properties In Evershine Nagar, Malad, Mumbai for Sale
Overview of Evershine Nagar
- Evershine Nagar is a premium sub-locality in the western part of Malad.
- This area is a well-developed suburban region in the Mumbai Metropolitan area.
- Kanchapada, Mindspace, Orlem, Malvani, and Ushma Nagar are the localities close to Evershine Nagar.
- Evershine Nagar is a residential cum commercial area.
- This region has rental demand due to its proximity to commercial areas.
- The Pincode of Evershine Nagar is 400064.
Evershine Nagar Residential Market Insights
- The average range of residential properties in Evershine Nagar is around ₹ 30,000 to ₹ 35,000 per sq. ft. or more.
- The average price of a 1 BHK flat in Evershine Nagar ranges from around ₹ 77 lakh to ₹ 1.2 crore.
- The average price of a 2 BHK flat in Evershine Nagar ranges from around ₹ 2 crore to ₹ 2.5 crore.
- The average price of a 3 BHK flat in Evershine Nagar ranges from around ₹ 3.2 crore to ₹ 4.1 crore.
- The average price of a 4 BHK flat in Evershine Nagar ranges from around ₹ 4.8 crore to ₹ 5.3 crore.
- Evershine Nagar is gaining demand in the rental market due to excellent connectivity options and commercial areas in proximity.
- The average rental price range in Evershine Nagar ranges somewhere between ₹ 25,000 to ₹ 80,000 monthly or more.
- Specific location, key features, carpet area, and construction status are some factors that influence property prices in Evershine Nagar.
Connectivity and Transport In Evershine Nagar
- Evershine Nagar enjoys excellent connectivity through metro, railway, and roadways.
- Malad Metro Station, Charkop Metro Station, and Valani-Meeth Chowky Metro Station are the closest metro connections to Evershine Nagar.
- Evershine Nagar offers good railway connectivity through Malad Railway Station and Kandivali Railway Station on the western line of the Mumbai Railway Network.
- Evershine Nagar is located close to major highways such as the New Link Road and SV Road.
- The Western Express Highway is also accessible from here and connects the area to major suburbs such as Mira Road, Bhayander, Thane, and other eastern regions of Mumbai.
- Other arterial roads within reach are the Malad-Marve road and Jaichandal Karwa Road.
- The Chhatrapati Shivaji Maharaj International Airport is located around 15 km from here. The airport is accessible through the Western Express Highway.
- The BEST Bus network offers frequent buses and allows easy, affordable, and convenient travel for residents throughout the city.
Social Infrastructure In Evershine Nagar
- Evershine Nagar, being a part of the Mumbai Metropolitan Region, has excellent infrastructure amenities and civic facilities in the area.
- Evershine Nagar is close to several health centres and hospitals. Zenith Hospital, Vinayak General Hospital, Raksha Multispeciality Hospital, Lifeline Hospital, Thunga Hospital, CityCare Asia Multispeciality Hospital, and Vardaan Hospital are some nearby.
- Reputed schools in the vicinity are Pinacle High International School, Ryan International School, St. Anne International School, St. Joseph School, Atharva College of Hotel Management, Nagindas Khandwala College, etc.
- Croma-Infinity Mall, Musicians Mall, Evershine Mall, and Inorbit Mall are some leisure shopping centres near Evershine Nagar.
- Reliance SMART Superstore, DMart, Sweet Home Supermarket, and 20th Century Supermarket are some convenience stores in close proximity.
- Evershine Nagar also has plenty of other essential services like banks, ATMs, homestay hotels, grocery stores, local markets, entertainment centres, movie theatres, medical stores, etc.
Employment Opportunities In Evershine Nagar
- Evershine Nagar is located near a few major industrial areas and business hubs.
- The prominent Malad Industrial Estate is 2 km from Evershine Nagar. It is also easily accessible through the New Link Road.
- Other business parks such as Paradigm B, Synergy Business Park, Nirlon Knowledge Park, Infinity IT Park, Hiranandani Business Park, IRIS Business Park, Lotus Business Park, NESCO IT Park, DLH Park are within 10 km from here.
- Evershine Nagar is also in close proximity to industrial hubs such as Veera Desai Industrial Estate, Old Sonal Industrial Estate, and the upcoming Oshiwara District Centre.
- Major commercial hubs in Mumbai, such as the Bandra Kurla Complex, Andheri MIDC, Kensington SEZ, Mindspace, and SEEPZ SEZ, are accessible through the Western Express Highway.
Lifestyle In Evershine Nagar
- Evershine Nagar is a rapidly urbanising region with vast infrastructure and social amenities as well as luxurious facilities for its residents. It enjoys a vibrant and cosmopolitan lifestyle.
- The area is close to several parks, adventure centres, and movie theatres, allowing the residents to enjoy various recreational and entertainment activities
- Evershine Nagar has a wide range of dining options from luxurious premium restaurants to cosy cafes and garden restaurants.
- Coastal Food and Spirits, Pop Tate’s, Uncle’s Kitchen, Bhavani Palace, Papa’s Multi Cuisine, Silver Oaks, Mangoes Rooftop, Flag’s Restaurant, Brunch and Munch, Blue Tokai, Baithal Cafe are some of them.
- Aqsa Beach, being at a reachable distance from here, allows the residents to enjoy relaxing walks on the beach and experience the serene sunset view.
Safety and Security In Evershine Nagar
- Evershine Nagar is served by a police station in the vicinity.
- Constant police patrolling is practiced here to ensure maximum security.
- New residential and commercial complexes are equipped with modern security devices such as CCTVs and Intercoms.
- Proper security measures and traffic rules are followed here.
Development and Future Prospects In Evershine Nagar
- Evershine Nagar is expected to experience a constant economic growth due to its robust urbanisation, improving connectivity, developing social infrastructure, and increasing residential and commercial projects. This has increased its demand in the real estate market.
- A Yellow Line along the Mumbai Metro Network has been planned, which will enhance public transport connectivity around the area.
- The upcoming Goregaon-Mulund Twin Tunnels will allow smooth travel through the road, reducing traffic congestion and saving time.
Culture and Community in Evershine Nagar
- Evershine Nagar is home to several auspicious temples such as Shree Mariamman Devasthanam, Shri Patladevi Temple, Shri Sai Mandir, and more.
- Evershine Nagar enjoys a vibrant nightlife like the rest of Mumbai City.
- Also, the area has a vivid and diverse street food culture for street food lovers.
Environmental factors in Evershine Nagar
- Evershine Nagar is home to several green zones and parks. Ushma Nagar Garden, Sai Baba Park, APJ Kalaam Udyaan, BMC Garden are some of them.
- Air quality is moderate here.
Flat Configuration in Evershine Nagar
- There is a range of 1 BHK, 2 BHK, 3 BHK, and 4 BHK residential properties in Evershine Nagar.
- These flats are available for rent as well as for sale.
- Evershine Nagar primarily offers mid-segment to premium housing property options.
- 2 BHK and 1 BHK residential properties are in most demand in Evershine Nagar.
Property Price Growth in Evershine Nagar
- Evershine Nagar has witnessed a consistent price growth of up to almost 38% in the last 5 years.
- Whereas there has been a 24% property price appreciation in the last 3 years.
- The YOY property price growth in Evershine Nagar has been around 9%.
Also, a rental yield of around 2% has been achieved due to an increased demand for rental properties.
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