This article talks about the best areas with respect to real estate investment in Navi Mumbai. It takes in consideration the business opportunities and the level of development in each area of consideration.
Navi Mumbai is one of the most illustrious parts of Mumbai to come up in the recent times. Initially, it flourished due to the vicinity to Mumbai- the hub for most activities in the country. It was also not as exploited as Mumbai in terms of construction and the real estate value was much lesser. But, with the CIDCO planning all the railway stations of the area and the nodes having developed completely- Navi Mumbai is today definitely one of the best places to have a property in. After doing further research, we have compiled a list of best places to have properties in Navi Mumbai:
Airoli has jumped up the ladder in our list of best places to have properties in Navi Mumbai for two reasons. One, the newly constructed Mulund-Airoli flyover that connects the area to eastern expressway. Second, the railway station falls on the Vashi-Thane line making it a great spot to buy a house in. Apart from the aforementioned reasons, it also has the Dhirubhai Ambani knowledge city- a coveted educational hub and various other amenities are available in plenty.
Taloja is the new upcoming outskirt of Mumbai which has industrialization on its side. So many people, who cannot afford to buy real estate in Mumbai, have brought properties here and it has definitely been an investment with a lot of profit. It has many factories and people working here at good positions can easily buy houses here. But, apart from that connectivity to main areas of Mumbai is also sorted so even though the commute might be troublesome but it is worth it if you get a house in Mumbai.
Kharghar has the best of points going for it. One is its vicinity to Western Expressway. Second is the number of schools and educational institutes that attract a lot of young families to settle down here. Third is its connectivity to Mumbai that makes it one of the best places to have properties in Navi Mumbai.
If you choose to ignore the fact that Panvel is a hotbed for residential activity due to its proximity to the upcoming Navi Mumbai International Airport; there are still plenty of reasons to buy a property here. One of them is definitely the transport. Most local transport buses operate from here and the station serves the central as well as the harbour route making its connectivity to Mumbai a very convenient one.
Ulwe is the most nascent in comparison to other options in our list of best places to have properties in Navi Mumbai. Due to its proximity to the Navi Mumbai International Airport, buying a property in Ulwe means only price appreciation in the coming ten years. Apart from this, the infrastructure of the area is supposed to be top notch after this project comes up. Another thing is a lot of projects are focussed on making it an area with efficient transport, making it the new hot area in Navi Mumbai to buy a property.