The employment opportunities that a region offers are a critical factor in its development. And even in this parameter Virar Vasai scores high. Real estate investment in Virar has also been influenced by the region’s employment potential.
For the success of new projects in Virar and Vasai there should be enough employment opportunities to sustain the increased population. In the eastern part of Virar, the huge industrial land of about 500 hectares can be developed into a business zone thereby generating a possibility of Virar becoming an independent city. And flats in this global city definitely seem an attractive proposition.
VVMC has also offered an entire area of 1500 acres of land To MMRDA for developing a business center like BKC. This will stimulate the establishment of a commercial and IT hub and they also plan to build FTWZs or Free Trade Warehousing Zones.
The upcoming small-scale industries are also providing ample employment opportunities to the residents of the region. Currently, many people at Virar seek employment at Tarapore MIDC. Thus the area offers multi dimensional benefits for middle income and lower middle income groups. Affordable prices and easy connectivity are driving buyers to Virar property market in increasing numbers.
Economic drivers such as special economic zones by DHL, BIO Tech SEZ by Mahindra and IT SEZ are set to redefine the commercial space of Virar. This is further adding value to big projects like the Tata project in Vasai, Tata project in Boisar and Cosmos project in Boisar. The peaceful lifestyle accompanied with office spaces and fast connectivity makes it feel like a dream home in Virar.
The VVMC has altered the standard CIDCO procedure of multiple NOCs and opted for a single window clearance only. This not only speeds up the establishment of new projects in Vasai but also makes the region developer friendly. Thus over the years the area has seen the entry of reputed builders like Poonam developers, Agarwal developers, Viva group, Viva Swastik conglomerate for systematic property development.