June 27, 2025: Borivali, a western suburb of Mumbai, is undergoing a notable transformation, rapidly gaining prominence in the city’s real estate landscape. The Borivali-Goregaon corridor recorded home sales worth Rs 40,083 crore in FY 2024–25, reflecting a 39% year-on-year rise. This sharp increase is primarily attributed to widespread redevelopment initiatives and sustained buyer demand, positioning Borivali as a preferred destination for both end-users and investors.
A key driver of this boom is large-scale redevelopment. According to Abhijit Chokshi, Founder of Stockifi, “Many housing societies in Borivali are over 30 years old and are now being replaced by high-rises offering rooftop jogging tracks, digital work pods, and modern amenities that appeal to today’s buyers.” This trend not only modernises the area’s infrastructure but significantly enhances residents’ lifestyles.
What further sets Borivali apart is its streamlined approval processes, making it highly attractive to developers. “Here, deals are signed promptly, permissions are granted swiftly, and towers are constructed without delay – it’s a developer’s dream,” adds Chokshi. Connectivity improvements via Metro 2A, the Western Express Highway, and the forthcoming Mumbai-Ahmedabad bullet train station have also increased Borivali’s accessibility and appeal.
Despite these advancements, property prices remain comparatively affordable, ranging between Rs 25,000 and Rs 35,000 per sq. ft. “Borivali hits the pricing sweet spot – buyers get location and luxury without the ₹5 crore price tag,” Chokshi explains.
The benefits of redevelopment extend to all parties involved – societies receive larger homes, developers acquire prime land without upfront purchase costs, and buyers gain access to new housing in well-established areas. With over 200 redevelopment projects currently in motion and major land transactions like Rishabraj Developers’ Rs 539 crore deal, Borivali is fast becoming a benchmark for urban renewal in Mumbai.
Its rise reflects a perfect blend of connectivity, affordability, and upgraded living – marking Borivali as a suburb of immense promise.
Source: Money Today
