Overview of Manor, Palghar (Mumbai Metropolitan Region)

Manor, situated in the Palghar district of the Mumbai Metropolitan Region, has been rapidly catching the eye of real estate investors and homebuyers.

Location

• Manor is roughly 90 km from Mumbai and linked via National Highway 160A. It is also positioned about 20 miles west from the Mumbai-Ahmedabad Highway.

Real Estate Market

• The residential real estate scene in Manor includes a blend of plots, standalone houses, and apartments. More than 70% of available homes are plots and standalone dwellings.

Affordability

• Manor provides more pocket-friendly housing compared to neighbors like Palghar and Boisar. The average property price per square foot stands around Rs 2,900, which is less than both Palghar (Rs 4,000) and Boisar (Rs 3,500).

Types of Properties

• Most available properties are 1 and 2 bedroom homes, highly requested for apartments priced below Rs 50 lakh.
• Large plots of land are plentiful, appealing to top developers like Godrej Properties and NMT Realty.

Rental Market

• The average rent for a 1 BHK apartment in Manor is around Rs 5,000 each month.

Infrastructure and Connectivity

• Manor is part of the bustling Mumbai Metropolitan Region, showcasing growth since Palghar gained its district status in 2014. The government has been actively enhancing its connectivity and infrastructure.

Amenities and Lifestyle

• Estates like Godrej Country Estate in Manor provide amenities like areas for kids to play, camping zones, organic farms, sports venues, and amphitheaters, adding to the overall lifestyle quality for residents.

Key Drivers for Investment

• Accessibility: The proximity to Mumbai and other cities in Gujarat makes Manor appealing to both investors and homebuyers.
• Affordability: Manor offers affordable housing, making it viable for middle-class and lower-income buyers.
• Infrastructure Development: Ongoing improvements are anticipated to elevate the area’s real estate valuation.

PropertyWala's Conclusion

Manor, Palghar, stands out as a prime buying or renting spot in the Mumbai Metropolitan Region. With its affordability, improving infrastructure, and varied amenities, it draws both investors and homebuyers. Looking for a weekend retreat or a longer-term home? Manor strikes a good balance of accessibility, affordability, and high living standards.