Earlier, Versova was considered merely a small fishing village known for nothing but the smell of drying fish. However, things are completely different now and the rise of Versova is evident in all aspects, right from popular attractions, real estate, and lifestyle options to eateries; this village-turned-posh-area of Mumbai has evolved into a hustling and bustling spot which is loved by one and all.
Every area and suburb is blooming with noteworthy growth potential, not to forget that the micro-markets operating at a local, smaller level have a significant role to play in developing the city.
There is an exponential rise in the number of real estate projects happening. One such project is Rustomjee Ocean Vista, which offers a serene sea view and proximity to many major hubs and locations, making travelling to and from much more convenient.
This breathtaking project lets you embrace the peace and tranquillity that nature offers. Indulge and immerse yourself in a delightful living experience with our luxurious ideas and residencies and feel the heavenly magic on earth.
Key Takeaways:
- Rich cultural heritage: Versova has a rich and diverse cultural heritage that dates back to the 16th century. The area was known to be a small fishing village primarily inhabited by the Koli community.
- Strategic location advantages: Versova is a unique mix of commercial, residential and retail developmental projects due to its strategic location, advanced infrastructure and brilliant connectivity to various other parts of Mumbai.
- Premium real estate development: Versova has become an attractive hub for potential buyers and investors. Various new projects are coming up, thus improving and enhancing its appeal.
- Modern infrastructure: Situated in the heart of Mumbai, Versova has a decent transportation system and infrastructure, which consists of roads, sea links and a metro station.
- Growing property values: Versova is one of the richest areas in Mumbai and the property value here has been rising for the last few years. The proximity to the coastal area, beautiful environment and advancing infrastructure have made it an attractive investment spot for real estate projects.
- Enhanced lifestyle options: Versova boasts a vibrant lifestyle that combines traditionality and modernity with perfection.
- Future development plans: Many developmental projects are coming up in Versova, including sea links stretching from Versova to Virar, Versova to Madh Island and Versova-Bandra, to name a few. Also, the residential and commercial real estate market is expected to observe a rise in new projects.
Read Also: Discover the History of Pali Hill: A Timeless Neighborhood Near Rustomjee Parishram
Historical Evolution
- Originally named Vesave, the area was a small fishing village north of old Mumbai. The place was managed by the Koli community, who later on converted to Christianity during the Portuguese period.
- The original name of the place was ‘Visava’ meaning ‘rest’ or ‘resting place’ in Marathi. Later, during the late mediaeval period, the Portuguese built the Our Lady of Health Church in Versova. Hence, by 1720, the place emerged as a small town and was evolving rapidly in trading activities.
- In 1739, the Portuguese people lost the region to the Marathas, who left no stone unturned in strengthening the fort. In 1774, Henry Keating defeated the Marathas.
- In 1800 the Britishers built a training centre for engineering and art cadets. However, the establishment had to shift to old Mumbai after getting hit by a fever epidemic that affected many cadets. In 1818, the establishment was completely removed.
- Kolis were the people who made Versova alive as the original inhabitants of Mumbai. They were the fishing community who sold their fish at Versova jetty at wholesale rates. Also, they had their very own society for handling all the fishing-related activities.
Real Estate Development
The rise of Versova can be observed when selecting a residential apartment, as it has become one of the most sought-after investment and residential hubs in Mumbai.
Situated in the heart of the city and in between Andheri West-Juhu, Versova has emerged as a growing market which has a diverse variety of housing choices.
The area gives the chic vibe of Juhu and enjoys a scenic sea view surrounded by lush, natural surroundings, amazing coastlines, and much more.
Modern Infrastructure
Versova has many parks, malls and well-known health care and educational centres in proximity, which has made it a favoured real estate location for the locals and NRIs alike.
The metro station is important in helping people commute to and fro within the city. This enhanced connectivity and the eight-lane sea bridge, the Versova-Bandra Sea Link, now called Swatantryaveer Savarkar Sagari Setu. It is all set to make South Bombay very accessible and improve its connectivity even more to various other parts of Western Mumbai.
Cultural Transformation
Contrary to a few other suburbs of Mumbai, Versova has emerged to be full of diverse populations and lifestyles, combining past and current elements.
Versova has a friendly and welcoming culture of Koli residents, Bollywood celebrities, young entrepreneurs and professionals. This diversity facilitates a rich culture filled with different festivals, art fairs and markets.
Future Prospects
- Real Estate Development: Versova is much loved and sought-after for its real estate projects with rising demand and property rates. Specifically, apartments offering sea views are in high demand.
- Luxurious Enhancements: Mainstream developments like Rustomjee Versova are advancing the area’s appeal by providing a spacious seaside living experience with clear and serene sea views.
- Property Price Trends: The residential real estate projects expect to see an increase in new launches, hoping to reach around 2,80,000 to 2,90,000 units. This upward trend is present in the future and will remain so in the years to come.
Final Thoughts
Versova is becoming the smart investment choice for home buyers and investors who wish to invest their money in long-term projects that could bear appreciative returns. The rise of Versova is bringing forward a fascinating blend of prime location, tremendous growth potential and a balanced lifestyle.
One of our premium development projects – Rustomjee Ocean Vista is made to set new benchmarks and is synonymous with class and luxury. The project has a distinct feature of serene sea views visible from every floor. Contact us for more details or visit our website:
Also, there is Rustomjee Versova – the name that goes in sync with luxury and comfort. The project has many floors and can be a great investment option given the rising demand and property prices.
Read Also: Discover Prabhadevi: The Vibrant Heart of South Mumbai Living
FAQs
- How has Versova transformed over the last decade?
Versova has undergone tremendous transformation over the last decade, driven by dynamic networking opportunities and developments. Also, the strategic location and diverse community have led to the rise of Versova.
- What makes Versova attractive to luxury homebuyers?
Versova is an attractive spot for luxury home buyers because of its prime location, excellent connectivity and appeal to many buyers and investors.
- How have property prices evolved in Versova?
Property prices in Versova, both residential and commercial are on the rise due to several factors such as development, sea views, attractive investment options, and the quality of life people enjoy; this is so because Versova has transformed into a posh area from a small fishing village, hence many investors and buyers are finding this area to be a noteworthy investment option, thus increasing the demand and price of the properties.
- What are the major infrastructure developments planned?
Rustomjee Ocean Vista is one of the premium infrastructure development projects coming up in Versova, equipped with top amenities and aimed to offer an opulent living experience.
- Is Versova a good investment destination?
Yes. Versova is a good investment destination for those looking forward to buying a new home, as many new projects are expected to be launched in the coming years.
- How has the social fabric of Versova changed?
Versova has a lively social scene that shows the enthusiasm and interest of the people living there. There are many bars, eateries, cafes, and art galleries worth exploring.
