Vashi is an exclusive residential as well as commercial node in Navi Mumbai. It is a premier township in Navi Mumbai and was one of the first “nodes” developed by CIDCO. Vashi’s reputation of being organized without being too large or crowded like “the big city” has led to the continued growth of its resident and commuter population. It is amongst the top ten most developed zones in the Mumbai Metropolitan area.
Thanks to its proximity to the Thane creek Vashi is mostly humid and hot in summer and mildly pleasant during the winter months till.
Like the rest of Navi Mumbai, Vashi too has been broken down into sectors, further divided into plots. Vashi is one of the oldest and most populated nodes in Navi Mumbai. Many companies from Mumbai and other parts of India have set up shop there. Sector 17 could be called the commercial heart of Vashi, hosting a dense concentration of everything from small businesses to banks and retail outlets. Sectors 9 and 10 are also heavy with commercial activity, especially retail. A large wholesale agricultural produce market, the biggest in Navi Mumbai, is located in Sector 19 and part of Sector 18.
The municipal water supply is near constant (12–18 hours daily), and occasional shutdowns are often short enough to be borne through by the overhead water tanks in many apartments and the central water tower system. However, power shortages continue to be a part of the daily life.
While auto rickshaws are the most commonly used transportation within the node, there are taxis available to travel to Mumbai and Thane. However, the NMMT, BEST and ST buses provide a cheaper and faster mode of transportation. But frequency of the buses on some of these routes at night is next to nil. Travelling to Mumbai by train often involves taking a train to Kurla first. Another rail link connects Vashi to Thane.
Vashi has a reputation for being a good place to live. Despite its proximity to Mumbai, it is also self-sufficient in many regards, and has its own thriving atmosphere for residents, shoppers and fun-seekers.
In recent years, real estate prices in Vashi have risen, due in part to the creation of new businesses, and also due to more businesses moving or expanding into Vashi from Mumbai. Sector-17 of Vashi is the most expensive locality due to being one of the large sectors of Vashi and is located near the highway which happens to be at the entrance to Vashi. It’s also very close to Vashi Railway Station. Sectors 6, 7 and 8 in Vashi are home to Row Houses while Sector 8 also has bungalows. Residential projects here often contain a number of multi-storeyed apartment buildings. Most people however prefer to live in co-operative housing societies.
Each sector has its own cluster of shops called “mini-markets” that sell basic items such as rice, pulses, etc. There are also several malls in Vashi. Almost all major banks have their branches in Vashi concentrated mostly in sector 17.There are also several schools and colleges in Vashi.
The average real estate prices in Vashi for commercial projects would be about Rs 9,000 to 10,000; while residential property is going for an average of about Rs 7,505 PSF for a 1 BHK apartment to about 8,135 PSF for a 3 BHK apartment. The average prices PSF for a 1 BHK house would be at around Rs 6,257.