5 Best Places for Real Estate Investment in Navi Mumbai
Navi Mumbai was mainly built so that the population of Mumbai can be well managed. Navi Mumbai is surrounded by the Arabian Sea and is one of the most well-planned cities. Navi Mumbai has grown immensely and become the most vibrant real estate hub near Mumbai. As it is a planned city residential, commercial and infrastructural development has been steadily on the rise and complimenting to that is the IT Industry which has made Navi Mumbai its major hub in India.
Navi Mumbai can boast of many gardens and many jogging tracks all over the city, which Mumbai doesn’t have. Navi Mumbai has many malls and multiplex also.
Major MNCs have arrived here and are the major drivers for the socio-economic development of the city. We are listing a few reasons to invest in Navi Mumbai.
- Great connectivity towards Pune and Mumbai via expressway. Navi Mumbai will soon have its metro rail, however, it has a very good local suburban train network.
- Property prices are relatively lower than Mumbai, properties are available for people for all budgets.
- Navi Mumbai will soon have its own international airport and it will contribute to overall development of the city.
- Navi Mumbai is developed by CIDCO, due to better planning and sewage system it never faces flood-like situation in Mumbai or elsewhere.
- Navi Mumbai is good for those who want to invest in real estate for long term returns.
After considering various parameters we will list you some places which are ideal for real estate investment in Navi Mumbai.
*Airoli
Airoli is one of the most promising developing node in Navi Mumbai. Due to large presence of IT companies here, it has become a go to place for people from all over India. Airoli has many residential and many commercial properties. Airoli is very strategically located and has excellent proximity towards Thane as well as Mumbai via Eastern expressway. Airoli has many educational institutions which has made it popular destinations among students as well. If your looking to invest in real estate and earn handsome rental returns, Airoli is best place for it.
Connect for resale and rental properties in Airoli.
*Ghansoli
Ghansoli is famous due to the presence of business parks in its MIDC. It is located on the thane Belapur road. There is a steep increase in real estate prices due to the presence of many employees of big corporations nearby. It is well connected by rail and road to all areas. Ghansoli itself has its railway station on the suburban rail network. Many residential projects are available here, thus making it an attractive option for real estate investment in Navi Mumbai.
For Rental properties in ghansoli click here
*Kharghar
Kharghar is one of the best destinations for residential projects in Navi Mumbai. Due to its connectivity towards Pune and Mumbai via Sion-Panvel highway it has emerged one of the go-to destinations for people all over the city. Due to well-planned development and proximity to the new airport, real estate prices are on a steady rise here. Last-mile in all sectors is available by NMMT buses and rickshaws all over. The Navi Mumbai Metro will soon be active and mainly run from Kharghar and ahead. This place has its own 18 hole golf course and biggest park in Navi Mumbai. It is an ideal location to invest in real estate for the long term.
*Vashi
Vashi is one of the first areas to be developed in Navi Mumbai. Vashi is well connected to Mumbai and Pune, but its not limited to that. It has best Schools, Hospitals, Colleges and Malls and one best cities to live in Navi Mumbai. Vashi has small markets as well big markets like APMC and many more. People from all over Maharashtra come here daily for business activities and its go-to place for people in Navi Mumbai for shopping. If invested well and at the right time, Vashi real estate investment can give you the best returns in the property market.
*Panvel
Panvel was a small township 15 years ago from now, due to connectivity towards Pune and Konkan it has grown by leaps and bounds. Panvel is well connected by the Mumbai suburban rail network as well. Navi Mumbai Airport is on the way in the next few years, which has resulted in huge development in and around Panvel. Real estate in Panvel is still in the budget of people from all strata of life. Those who are low in the budget have ideal property solutions here.
These are all our analysis based on recent trends. Do connect with us ahead for Resale and rental flats in Airoli.