Overview of Boisar, Palghar (Thane District)

Boisar, which sits in the Palghar district of Maharashtra, has been rising as a key hub for real estate, featuring a mix of residential, industrial, and commercial opportunities.

Location and Connectivity

• Boisar is close to the industrial region and the railway station, giving it great connectivity and controlled traffic flow.
• Being next to the railway station, it attracts both commuters and those wanting to invest in real estate.

Property Prices and Trends

• The average property price in Boisar ranges from ₹2,473 to ₹4,102 per square foot with an average at ₹3,288 per square foot. This shows a good 9% quarter-on-quarter increase.
• Over time, property prices have been rising steadily with increases ranging from 1% to 4% every quarter in recent years.

Types of Properties Available

• You will find different property types in Boisar such as multistorey apartments, standalone houses, and units in large developer projects[4|.
• Residential choices consist of 1 BHK, 2 BHK, and 3 BHK apartments fitting for many social and family backgrounds.

Amenities and Infrastructure

• Modern projects have amenities like lush gardens, better security, clean surroundings, and access to medical facilities[4|.
• Boisar features good connections, infrastructure, and amenities such as schools, shops, and public transport.

Rental Market

• Rentals include unfurnished and furnished apartments. For instance, a 1 BHK flat in places like Thakur Galaxy might cost around ₹30,000 a month with deposit, featuring no extra maintenance charges[3|.
• Rental costs vary based on location and amenities, with a 1 BHK typically ranging from ₹7,000 to ₹30,000 monthly, depending on area and facilities.

Factors Influencing Property Value

• Property value in Boisar depends on factors like its location, existing infrastructure, demand, and supply[4|.
• The closeness to amenities such as schools, markets, and public transport as well as the age of the building affects property prices.

Legal and Financial Considerations

• It's crucial to register a property with the local municipality, including paying stamp duty and fees. Not doing so may lead to penalties[4|.
• Buyers should also think about maintenance charges from developers to maintain common spaces.

PropertyWala's Conclusion

Investing in real estate or seeking a well-connected place in Boisar, Palghar, is promising due to its diverse residential and industrial aspects. There is an encouraging trend in property prices and a high-quality infrastructure, making it attractive for buyers and renters alike. Nevertheless, prospective buyers should fully consider all factors that influence property values and related legal and financial responsibilities for an informed choice.