Overview of Deonar, Mumbai

Location and Connectivity

Deonar lies in the eastern suburbs of Mumbai, forming part of the larger Chembur region. It is well connected to different parts of Mumbai via routes like the Eastern Freeway, Santacruz-Chembur Link Road, and the BKC connector. This ensures easy access to both the city and nearby suburbs.

Property Prices

• The prices for property in Deonar typically begin around Rs. 11,931 per square foot.
• On average, properties are priced at approximately Rs. 21,248 per square foot, although some can cost up to ₹30,000 per square foot.
• For rent, expect a 2 BHK flat to cost between Rs. 60,200 to Rs. 83,200 per month, and a 3 BHK flat to range from ₹70,000 to ₹85,000 per month.

Property Types and Configurations

• The most popular options for sale are 2 BHK and 3 BHK apartments, with 2 BHK comprising around 39% of the marketplace.
• Multistorey apartments hold a dominant position, making up nearly 89% of both sale and rental listings.

Amenities and Facilities

• Properties here typically feature modern amenities including:
  • Gym
  • Swimming pool
  • Kids’ play area
  • Garden
  • Clubhouse
  • Jogging track
  • High-speed elevators
  • Advanced security systems
  • Contemporary kitchens and bathrooms

Neighbourhood and Environment

• Deonar is commended for its excellent connections to schools, colleges, hospitals, banks, and shopping areas.
• The area ranks highly for its environment, neighborhood, roads, safety, cleanliness, and commuting convenience, making it a coveted place to live.

Investment and Market Trends

• Property rates in Deonar have increased substantially, with a 39.33% annual growth, signaling a profitable market for buyers and sellers.
• The area is highlighted as a prime investment spot due to its rising property values and robust demand.

PropertyWala's Conclusion

Deonar, Mumbai, provides a compelling real estate chance for both buyers and renters. Its strong connectivity, modern amenities, and climbing property values make it an appealing choice for those desiring a convenient and comfortable lifestyle. The notable year-over-year growth in property rates indicates that an investment in Deonar may yield good returns. Nevertheless, it's crucial to thoroughly assess market trends and property prices to make an informed decision that fits your investment objectives or lifestyle needs.