Vikhroli West is a busy and sought-after area in the central suburbs of Mumbai. Key points include:

Property Prices

In Vikhroli West, the average rate for flats sold is roughly ₹26,750 per square foot. Prices vary widely, from ₹10,000 to significantly higher costs per square foot.

Property Appreciation

Trends show steady property value gains in Vikhroli West. We see a 10.5% rise over the past year, a 16.8% jump in the last three years, and a robust 25.9% increase over five years.

Types of Properties

A wide array of properties can be found here, including apartments, builder floors, and commercial spaces. There are numerous homes from 1 BHK to 3 BHK, as well as larger residences. Notable projects are Blumen Apartments, Mayfair The View, and Mayfair Housing Hillcrest.

Rental Market

Renters will find several options. On average, apartments rent for about ₹81 per square foot. For example, societies like Mayfair The View and Mayfair Housing Hillcrest offer monthly rents from ₹29,000 to ₹65,000 for varying configurations.

Infrastructure and Lifestyle

Vikhroli West is linked well to other parts of Mumbai. This enhances its appeal due to its convenient access. You will discover a blend of modern homes and commercial spaces, offering an interesting lifestyle. These communities often have up-to-date amenities, improving living standards.

Commercial Properties

The area also has a vibrant market for commercial properties, including offices, shops, and warehouses. These cater to different business needs and prices reflect that, with office spaces averaging around ₹99 per square foot.

PropertyWala's Verdict

For someone seeking to buy or rent property here, Vikhroli West is an attractive option. It shows steady property value growth, offers varied housing options, and has good connectivity. This area’s mix of residential and commercial properties shows its versatility, making it a profitable real estate investment opportunity in Mumbai.