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Flats Under 5 Crore for sale in Laxmi Nagar Majiwada, Majiwada, Mumbai
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About Properties In Laxmi Nagar, Majiwada, Mumbai for Sale
Overview of Majiwada
- Majiwada is a mid-segment and highly populated area located in the Thane district and a part of Metropolitan Region.
- Majiwada is strategically situated along the major regions including, Manpada, Laxmi Nagar, Ghodbunder Road, and Eastern Expressway.
- Majiwada is considered an urban area with a high-density population.
- The region offers reasonable property rates, which fall under the mid-level budget segment.
- Balkum Pada, Ashok Nagar, Dhokali Naka, and Sainath Nagar are the best residential areas in Majiwada.
- Due to its growing population, reasonable property rates and connectivity, Majiwada is considered a good place to live.
- The PIN Code of Majiwada is 400607.
Majiwada Residential Market Insights
- The average property price in Majiwada ranges from ₹ 17,750 to ₹ 22,300 per sq. ft. and beyond.
- The average price of a 1 BHK in Majiwada is around ₹ 55.5 lakh to ₹ 78 lakh.
- The average price of a 2 BHK in Majiwada is around ₹ 98 lakh to ₹ 1.75 crore.
- The average price of a 3 BHK in Majiwada is around ₹ 2 crore to ₹ 3.65 crore.
- The average price of a 4 BHK in Majiwada is around ₹ 3.75 crore to ₹ 4.95 crore.
- The average price of a 5 BHK in Majiwada is around ₹ 5.86 crore to ₹ 7.45 crore.
- The average rental price in Majiwada ranges from ₹ 20,200 to ₹ 68,800 monthly or more.
- The dominant residential areas, excellent connectivity, and upcoming metro infrastructure (Line 4, Line 5 and Line 14) have increased property buying and rental demand in Majiwada.
- The average price of land plots in Majiwada ranges from ₹ 3,725 to ₹ 16,550 per sq. ft.
- Majiwada mainly offers mid-segment and premium residential properties.
- Prices of properties may vary based on certain factors such as apartment configuration, exact carpet area, location, scenic advantages, etc.
- In Majiwada, properties are available in both ready-to-move and under-construction conditions.
- Several reputed builders and developers have rapidly been developing Majiwada.
Connectivity and Transport In Majiwada
- Majiwada is internally well-connected via the TMT (Thane Municipal Transport) and regionally via the MSRTC (Maharashtra State Road Transport Corporation) bus network.
- To travel via the local train network within the state, residents can travel from the nearest Thane Junction.
- Other than buses and railways, the cities' public transport is well-served by auto rickshaws and other transport options.
- Thane Railway Station Road, Majiwada Naka, the -Nashik Highway (NH-3/NH-4), Agra-Highway, the Eastern Express Highway, Saket-Kalwa Road, Bhiwandi-Wada Road, Ghodbuder Road (NH 48/848), which connects further to the Western Express Highway, and the Thane-Belapur Road are the primary roadway connections from Majiwada.
- Thane Station Road, Majiwada Village Road, Jai Bhavani Nagar Road, Kapurbawadi Flyover Road, Pipeline Road, Lodha Laxuria Road, Saket Road are arterial roads that enable smooth travel within Majiwada.
- The Chhatrapati Shivaji Maharaj International Airport is 30.8 km away, and the Navi International Airport is 30.5 km away from Majiwada.
Social Infrastructure In Majiwada
- Majiwada is well-equipped with essential social infrastructure and civic facilities to cater to the needs of the residents.
- There are several reputed schools in the area, such as Orchids The International School Thane, Little Flower High School, Kalpataru school of art, Rainbow International School, Manisha Vidyalaya, Anmol vidhya mandir school, Shreerang Vidyalaya, Universal high school, etc.
- Well-known hospitals in Majiwada include Mercurrey Hospital, Global Hospital, Highland Super Speciality Hospital, Rainbow Life Hospital, Navjeewan Hospital, Infinity Medisurge Centre Speciality Hospital, Mauli Hospital, Ekta Hospital, etc.
- DMart (Kolshet) Sonapur Market, Jai Bhawani Dainandin Bazaar, Dhanlaxmi Shopping, Lakadi Pool Market, Neptune Supermarket, Krishna Mart, Sangam Supermarket, and New Super Mall are the top-rated and well-equipped supermarkets in Majiwada.
- For the convenience of the residents, there are also other essential services available in the area, such as markets, supermarkets, ATMs, banks, petrol pumps, hotel stays, restaurants, cafes, etc.
Employment Opportunities In Majiwada
- Majiwada is famous for its proximity to some of the most well-known commercial areas.
- Other than that, many major industrial and commercial hubs are also in proximity.
- Highland Corporate Center, Foodland Corporate Office, Highland Corporate Park, Ashar Millenia, ThaneOne Corporate Park, Orion Business Park, Office Space, Sigma IT Park, Gigaplex IT Park and some manufacturing industries are in and around Majiwada.
Lifestyle In Majiwada
- The lifestyle of Majiwada is mainly residential in nature. It has a mix of residential and commercial properties to offer.
- Majiwada has a vibrant environment with its developing residential areas, which offer opportunities for families and investors.
- Various popular tourist sites in Majiwada include Yeoor Hills, Brahmala Lake Garden, Ambe Ghosle Lake, Upvan Lake, Tikuji-ni-Wadi, Suraj Water Park, and Raymond Race Track. Tourists can easily visit here due to Majiwada’s robust internal road network.
- Majiwada is well known for its natural and peaceful heritage in the form of temples.
- Tourists usually visit these attractions during any season.
Safety and Security In Majiwada
- Majiwada is considered as one of the safe locale for families in Thane.
- The City's Police Station takes care of the city’s security and safety.
- Regular police patrolling is practised here to ensure there are no crime incidents or illegal activities happening.
- Traffic regulation is done thoroughly through traffic officers and traffic signals.
- Fire safety measures like fire extinguishers and alarms are set up in crowded areas.
Development and Future Prospects In Majiwada
- The Aanand Nagar-Saket elevated roadway, which will be about 8.26 km and 6 lanes, is planned to run parallel to the eastern express highway, providing signal-free travel.
- A 13.6 km, 6-lane elevated expressway, Thane Coastal Road (Balkum to Gaimukh), which will connect the Thane-Nashik Highway from Ghodbunder Road.
- The Airoli-Katai Road project, including a 1.7km twin tunnel through Parsik Hills and further an elevated freeway, will reduce the travel time between Thane-Belapur and Kalyan-Shilphata.
- Majiwada-Vadape Road widening project (NH-3/NH-848).
- A major project by MSRDC, the Thane-Borivali Underground tunnel will connect Thane West directly with Borivali West.
- The remarkable SATIS (Station Area Traffic Improvement Scheme) project, a 2.23 km elevated road from the Eastern Express Highway extending to Kanhaiya Nagar, will reduce traffic on Station Road.
- Metro will add significant value to Majiwada's social infrastructure through the Metro Line 4 (Wadala-Kasarvadvali), Metro line 5 extension (Thane-Kolshet Road-Kalyan) and Metro line 14 (Vikhroli-Badlapur). This metro network will connect Majiwda with the entire city of .
- The metro network will include Majiwada Station, RTO Thane Metro Station, Mahapalika Marg Metro Station, Teen Haath Naka Metro Station, and Cadbury Junction Metro Station, which are the Metro stations in and around Majiwada.
- Majiwada will benefit from the upcoming 6-lane freeway (7 KM) from Mulund Toll Naka to Golden Dyes Junction.
- These forthcoming infrastructures are contributing to the value of Majiwada’s real estate investments day by day.
Culture and Community in Majiwada
- Majiwada is famous for its culture, diverse gated community, modern living culture, and the scenic backdrop of Yeoor Hills.
- Majiwada is considered a cosmopolitan area. A diverse population is settled here in peace and harmony.
- Majiwada presents a vibrant street food culture. There are several fine dining places here that serve traditional cuisine options. Maharashtrian cuisine is particularly popular among the residents.
- There are many temples in the area that preserve the area’s cultural significance, giving a sense of spirituality. These temples are also architecturally intricate.
- Iskon Thane Jagannath Mandir, Shree Sai Baba temple, Nandibaba Mandir, Shree Ayyappa Mandir, Shree Durga Ekvira Mata Mandir, Shankar Mandir and Jay Jalaram Bappa Mandir are some well-known temples in Majiwada.
Environmental factors in Majiwada
- Majiwada is a residential and commercially developing area, but it well preserves its natural surroundings, promoting a modern living environment.
- The area of Majiwada has several green parks and open spaces in the vicinity that keep the surroundings peaceful and fresh.
- The Yeoor Hills, Manpada Waterfalls, Ulhas River and Ghodbunder Fort are in the vicinity, where residents and tourists visit to experience a peaceful and serene view and atmosphere.
Flat Configuration in Majiwada
- Majiwada offers a range of 1 BHK, 2 BHK, 3 BHK, 4 BHK and 5 BHK properties.
- These properties are available in both under-construction and ready-to-move conditions.
- 1 BHK, 2 BHK and 3 BHK residential properties are most popular in Majiwada.
- Majiwada mainly has affordable and mid-segment housing properties. But it also has some premium residences.
- The area primarily offers apartments and plots, but other properties like independent floor apartments and industrial lands are also quite popular here.
Property Price Growth in Majiwada
- In the last 1 year, Majiwada has witnessed a steady 2% price appreciation.
- Whereas in the last 3 years, Majiwada has experienced 14.1% price appreciation.
- Over the past 5 years, Majiwada has experienced remarkable growth of up to 27.4%.
- Due to rapid development and steady urbanisation, Majiwada is expected to experience consistent rapid price growth in the near future.
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