When it comes to ROI, real estate is doubtlessly the safest and smartest investment option as it accelerates the ROI in a manner which most other modes of investment just can’t.
While investing in a residential or commercial property, the three most vital factors to get considered are
Location, location & location
So, coming to the point for which you guys are here on this blog that is Navi Mumbai, it is said that:
With a burgeoning population and the outpour of several corporate hubs, Navi Mumbai is offering some of the best investment hot spots in the country namely Panvel, Ulwe, Kalmboli, Kharghar, and Belapur.
Closeness to International Airport, Industrial areas, proximity to Mumbai Pune expressway, SEZ, MIDC are various pulling factors to invest here in real estate. Apart from developed infrastructure, the picturesque environment around the Navi Mumbai region provides icing to the cake.
The geographical position of Panvel makes it important site to invest as NH-4B, NH-17 connecting Pune and Alibaugh passes through it. Panvel is the most promising location among all the suburbs in Navi Mumbai.
Closeness to various industrial areas like Taloja, Rasayani, Patalganga, Roha ,Khopoli guarantees the growth of real estate investment in this region of Mumbai. Many important educational institutes like CKT College, Pillai College are located in the region. Location of Greenfield international airport is proposed in the region.
Mahalaxmi Developers, Paradise Group, Balaji Group, Symphony, Prayag Builders are some of the major developers in the area providing property in the range of Rs3500-4500 per sq.ft.
Another site suitable for investment is Ulwe. Ulwe is the nod of Navi Mumbai, developed by CIDCO. The metro project of Navi Mumbai connects Ulwe prominently. Proximity to the proposed international airport, Seawood Uran railway line and a proposed trans harbour link from Sewri to Chirle village are the reasons to invest here. According to experts average 30% rise in the price has been observed in Ulwe.
Lakhani Builders, Mega Group, Tricity Realty, Bhagwati Group are some of the major developers in region.
Prices in this area range in Rs 4400-6000 per sq ft as of now, having very good prospects to shoot-up
Located on NH4 and NH-17, Kalamboli is amongst the biggest iron and steel delivery centres in India. NH-4 divides the residential and commercial areas of Kalamboli. Good connectivity to Kharghar, Kamothe and New Panvel makes it strategically important site. The Site has a good number of 1BHK, 2BHK, 3BHK apartments having area in the range of approximate 550-1450 sq. ft.
The average price in this area ranges Rs.4700-Rs5500 per sq ft. R.K.Builders and Developers, Sarang Group, Omega’s Construction are some of the prominent developers in the region.
Located on the Sion Panvel Highway at a less than one hour drive from Mumbai, Kharghar is planned as a polycentric town along with mass-transport corridors. Kharghar is primarily a residential township, expected to have 14 such townships in near future. Closeness to the city, green surroundings, Central Park, Golf Course are some of the factors that led to the growth of residential projects in Kharghar.
Sion-Panvel highway connects it to mainland Mumbai. The Metro rail is under construction. Uran road connects Kharghar to Mumbai Pune Expressway. NIFT, ITM Business School, and many educational institutes are located. With many upcoming projects, Kharghar claims to be the most developed nod of Navi Mumbai. The major developers in Kharghar are Omega’s Construction, Karnani Builders and Developers, Adhiraj, Samyama, and Paradise Group.
Central Business District of Belapur is a nod of Mumbai. CBD Belapur is one of the fastest developing region of Navi Mumbai in terms of Residential and Commercial projects. Thane Belapur Highways connects CBD Belapur to rest of the city. The Reserve Bank of India maintains a branch office at CBD Belapur. Major developer in the region are Ceturry21samyak, ShivLink Real Estate, Diamond Goodwill Real Estate Pvt Ltd, Manya Realtors.
So, this was all about Navi Mumbai. Hopefully after going through the blog, you are clear on the fact that Navi Mumbai is a great alternative to Mumbai and of course amongst the most attractive investment destination in a case if you are in seek of a high-ROI. With the outpouring on workforce, high net-worth corporations and business hubs in the city, Navi Mumbai is all poised to grow.
So, what waiting for??
Just hop on the bandwagon now and ride the real estate wave.