Navi Mumbai, one of the eminent cities in the Mumbai Metropolitan Region (MMR), is proposed and developed by the City and Industrial Development Corporation (CIDCO).
Mumbai is penetrating at its seams due to escalating traffic, burgeoning population, lounging slums, high pollution levels, no space to breathe, skyrocketing prices, and so on.
Navi Mumbai comes as a sound alternative opportunity for most Mumbaikars.
Navi Mumbai has now become the epitome of planned living.
Many private sector companies and CIDCO are shifting their offices.
The way it is designed and developed is no other than any.
Investing in Navi Mumbai properties is the best option for real estate investors.
Navi Mumbai Municipal Corporation (NMMC) was planned & built with the notion of transferring the development rights of 9 of the 14 nodes in the Navi Mumbai area for its jurisdiction.
The 9 nodes under NMMC are viz. Vashi, Sanpada, Juinagar, Nerul, CBD Belapur, Turbhe, Kopar Khairane, Ghansoli, and Airoli, with the physical and social foundation already in place.
Following are some factors, which make Navi Mumbai stand out from other parts of Mumbai.
Navi Mumbai is abundant in greenery compare to other parts of Mumbai.
The environment here is enormously better as compared to other places in Mumbai.
Everybody is well versed with the story of Mumbai roads and their potholes.
This is not the situation with the roads in Navi Mumbai.
The roads in Navi Mumbai are broad and well maintained.
The Palm Beach Road in Navi Mumbai is the most beautiful route for a drive.
3. Less pollution
There are more scattered factories in Navi Mumbai.
Hence it is the most prominent destination for families desiring to live in a place with less pollution.
4. Lower population
Navi Mumbai is not congested like other places in Mumbai.
Lesser crowded a city, the better.
There has been a surge in the demand for properties in Navi Mumbai.
This is because it offers thoughtful living, state-of-the-art infrastructure, and a lot of land space.
That is the reason, Navi Mumbai is a perfect destination for real estate investors.
1. Progressive Infrastructure
The disclosure of the Navi Mumbai International Airport has brought tremendous popularity to Navi Mumbai.
It is one of the prime reasons why there is a demand for real estate in Navi Mumbai.
The proposed Sewri Trans Harbour Link is a freeway bridge that will connect Navi Mumbai to other parts of Mumbai.
Several infrastructural developments in Navi Mumbai will change the face of the city.
2. Ample Employment Opportunities
Navi Mumbai has emerged as an IT hub and is exponentially growing.
Many private sector companies such as Infosys, L&T, Reliance have their base and back offices here.
Businesses such as Mindspace in Airoli, Millenium Business Park in Mahape, CBD Belapur Railway Station Complex Building, World Trade Center in Juinagar are some of the many commercial spaces in Navi Mumbai.
Hence, the employment aspects are high.
3. Promising Commercial Real Estate
Industrial real estate in Navi Mumbai is growing.
A lot of office spaces are readily available in Navi Mumbai.
With competitive rental rates, the demand for them is growing rapidly.
4. Planned Living & Connectivity
The infrastructural developments will connect Navi Mumbai with all major sections of Mumbai.
CIDCO’s planned and designed development modules have set this city apart from its counterparts.
Furthermore, Navi Mumbai is well-connected with other parts of Mumbai from both rail and road.
The Trans-Harbour joins Navi Mumbai to Thane through railways.
Panvel in Navi Mumbai is connected to CST through the Harbour line.
Navi Mumbai has many beneficial clusters for real estate investments.
Areas such as Ulwe, Panvel, Rasayani are some of the unexplored areas, which are now gaining popularity.
Panvel is a popular destination for real estate investment.
Navi Mumbai is one of the most desired cities to live in.
There are 2 BHK flats in Kharghar from Sambhav Group developers.
Many new projects in Panvel near the railway station are grabbing the attention of investors.
Panvel is also a hub for home buyers looking for new houses.
Property in Panvel offers a variety of options from luxury to budget-friendly.