Overview of Tilak Nagar, Mumbai

Tilak Nagar, found in the Chembur part of Mumbai, has grown into a top area allowing great chances to both buy or rent properties.

Location and Amenities

• Tilak Nagar is placed smartly near the Lokmanya Tilak Terminus. It's framed by Vidyavihar to the north, Shell Colony to the south, Kurla to the west, and Pestom Sagar to the east.
• This spot is also close to many useful things like schools, hospitals, markets, and railway stations, making it highly convenient for the people who live there.

Property Types and Prices

For Sale:

• Apartment Prices: The average cost per square foot for flats in Tilak Nagar is around ₹26,850. Here's a breakdown per price range:
  • 1 BHK flats: From ₹70 lakhs to ₹90 lakhs
  • 2 BHK flats: From ₹1.1 crore to ₹1.65 crore
  • 3 BHK flats: From ₹1.5 crore to ₹2 crore
• Independent Houses: Prices here range from ₹65 lakhs for a 1 BHK house to roughly ₹1.2 crore for a 2 BHK house.

For Rent:

• Rental Rates: Rent costs depend on the size and features of the home:
  • 1 BHK flats: Usually under ₹55,000 per month
  • 2 BHK flats: Between ₹55,000 to ₹65,800 per month
  • 3 BHK flats and top-end homes: More than ₹65,000 per month.

Popular Projects

• For Sale: Some big names include Varad Heights, Aryan Prem Belaire, Tridhaatu Prarambh by Panch Tatva Realty, Mayfair Hillcrest by Mayfair Housing, and Omkar Alta Monte by Omkar Realtors.
• For Rent: Common societies for rentals are Tilak Nagar Dharti CHS, Varad Heights, Shreenathji 39 Anthea, and Solitaire Sanket CHS.

Real Estate Trends

• Price Increase: Tilak Nagar has experienced lots of price rise over time. It went up by 4.3% last year, 9.4% over three years, and 24.9% in ten years.
• Y-O-Y Growth: Specific places like Varad Heights and Aryan Prem Belaire have shown growth at 10.0% and 2.2% year-over-year, respectively.

Developer Presence

• Well-known developers like Kamala, Rajshree Builders, and Asho Therwani are keeping busy developing homes in Tilak Nagar.

PropertyWala's Insight

In my view, Tilak Nagar is a good pick combining good prices, great links, and excellent facilities for those who want to invest or find a place to live. The new big projects around here and being near major sights boost its appeal. If you are thinking about purchasing a property for longer-term value or renting out a spot close to many things, Tilak Nagar is worth looking into. Be sure to check everything up and chat with some local experts to keep your choices on point.