Boisar is a town in the Palghar taluka and in the Thane district. It has grown by leaps and bounds in recent times. It is located about 80 km from Mumbai and is very close to the Gujarat border. There are Shuttle / MEMU trains from Virar to get to Boisar. Most long-distance trains also stop in Boisar. There are also regular state transport buses from Palghar, Thane, Bhiwandi and Wada to reach Boisar. According to industry experts, interest in this region was sparked by the entry of Tata Housing in Boisar with its municipality project.
The city of Boisar has more than 1,500 industrial units, with renowned companies such as Tata Steel, JSW Steel, BARC, Tarapur Power Station, etc., providing employment opportunities to people in Boisar and surrounding areas. In addition, there is also the MIDC industrial zone, with a population of around 1.25 lakh and around 10 lakh people in the neighboring villages of Boisar. Boisar is currently governed by the ‘gram panchayat’ and is scheduled to come under a municipal council in the future. Although the general infrastructure in Boisar is fine, the water and drainage facilities leave much to be desired.
Boisar is home to two large industrial estates:
- Maharashtra Industrial Development Corporation, Tarapur Industrial Estate
- Additional Tarapur Industrial Park
The main groups of companies present in the industrial estates are
- Bulk drug manufacturing units (Lupine, Aarti Drugs)
- Specialty Chemical Manufacturing Units (Ganesh Benzoplast, AM Todd Company, Maharashtra Organo Metallic Catalysts, Galaxy Surfactants, New Alliance Dye Chem Pvt Ltd, SD Fine Chemicals)
- Steel plants (Tata Steel, Jindal Steel, Mukat Tanks & Vessels)
- Textile plants (Siyaram, Aceelene Suitings, Pantaloon, Dicitex Decor)
The profile of people who are moving to affordable housing complexes in the city of Boisar is very similar to that of Palghar:
- SME owners and their senior managers, senior engineers / middle manager, junior engineers / factory workers. However, a major difference is that due to better social infrastructure (better schools, hospitals, retail options like Big Bazaar), many more senior managers / engineers and SME owners live in Boisar. In addition, the integrated municipality developed by Tata Housing has significantly improved the lifestyle and social infrastructure.
- Residents of towns near Boisar
- Another segment of people who have brought homes to Boisar are the employees of the Tarapur Nuclear Power Plant. They have actively participated in the investment in flats on the Boisar-Tarapur highway.
- Mumbai Second Home Seekers and Investors
Without a doubt, the demand for quality residential properties is on the rise. The Maharashtra Housing and Area Development Authority (MHADA), through its Konkan board, will also develop around 500 parcels for sale to low, middle and upper income groups. Aside from the potential demand, the availability of large tracts of land in Boisar at reasonable prices is another draw for developers entering the affordable segment here.
Boisar is a good example of what Palghar can be, especially. if you run an ambitious project like the Tata.
Real Estate Promotion in Boisar
Most of the residential development in Boisar is taking place around two specific areas:
- Boisar-Tarapur road in Boisar West
- Around Tata Housing Township in Boisar East
Residential projects on the Boisar-Tarapur highway are specifically concentrated around TAPS Colony and Parnali Naka. These sites are anywhere around 3-6 km from the Boisar train station. It is not possible to acquire large tracts of land near Boisar station and therefore TAPS Colony & Parnali Naka are the preferred areas where large tracts of land can be purchased. While residential development near Boisar station would be a good option for commuters to Mumbai, residential development on Boisar-Tarapur highway is quite convenient for people working in the Tarapur MIDC industrial complex. This road is well served by public transport, rickshaws and is quite close to the modern commercial and commercial area of Boisar, which is next to the train station.
Boisar East is quite underdeveloped compared to Boisar West. However, using Tata Integrated Township as an anchor, a large number of projects are approaching Tata Township using the amenities provided by Tata as a significant draw. The availability of land on the east side is not a big problem. Residential rates in the vicinity of the train station are around Rs 3,000 psqf, but there are no new developments available near the station.