7 Warning Signs You Cannot Afford That New House
Graded as the second-best city to reside, in the ‘Ease of Living Index 2018’ - Navi Mumbai is a well-planned and managed city.. We all know Navi Mumbai was built as a twin city of Mumbai so that the population of Mumbai could be managed. Surrounded by the waters of the Arabian Sea, Navi Mumbai Real Estate has witnessed immense growth to emerge as the fastest developing city extension in India. Commercial, residential and private infrastructural developments have been fast-paced, enabling Navi Mumbai to become a much-coveted real estate hotspot.
Recreational facilities such as a Golf course, Central Park and Pandavkada Waterfalls in Kharghar, Parsik Hill near Belapur, Wonders Park and Jewel of Navi Mumbai in Seawoods, Mini Seashore Juhu Chowpatty in JuhuNagar or Sagar Vihar in Vashi, Pirwad and Mankeshwar Beach in Uran and several other public places like gardens and jogging tracks are star attractions in Navi Mumbai. Quality restaurants and luxury hotels for accommodation like Four Points by Sheraton, The Park, Fortune Exotica etc. with shopping malls such as Seawoods Grand Central Mall in Seawoods, Little World mall in Kharghar, Orion Mall in Panvel, Inorbit and Raghuleela Mall in Vashi.
Lower property prices as compared to Mumbai, great connectivity, vicinity to a proposed international airport acts as a catalyst in drawing buyers attention. Better public transportation in the form of NMMT buses, cabs and app rides ensures hassle-free commute. Well-planned city structure guarantees that the region does not face major water-logging, sanitation or waste disposal issues. Therefore, investment in Navi Mumbai’s real estate is a reassurance for those looking for long term investments.
After considering various parameters on the places that are worthy of investment here’s a list of places you can consider from an investment point of view.
Vashi: Vashi, the first area developed in Navi Mumbai, has a lot to offer than just connectivity to Mumbai. Nestled across the Thane Creek of the Arabian Sea, Vashi is currently gaining popularity for commercial places, food chains, retail, recreational activities and many more. If we talk about connectivity, the locality is well connected to Mumbai as well as Pune, NMMT Buses, local trains connecting Thane, Panvel And CST very well. Vashi has always been an upgraded place for people living in other parts of Navi Mumbai so investing here would definitely guarantee you good returns if done now.
Airoli: Belonging to MMR, Airoli is a well-developed node in the Navi Mumbai region that is partly residential and partly a commercial hub. The nearby Airoli and Rabale stations fall on the Thane-Vashi railway line. Both the bridge and local train facility has contributed in making Airoli more accessible. BEST and NMMT buses also run frequently from Airoli to other Navi Mumbai areas. The Mulund-Airoli Bridge has brought about a drastic change in the connectivity of Airoli as it connects the locality to the Eastern Express Highway. Dhirubhai Ambani Knowledge City, Mindspace (50-acre SEZ) and Patni Knowledge Park, it is growing as a knowledge hub. Property in Airoli, specially 1 BHK flats have seen an increasing demand from investment point of view due to its closeness to Thane as well as Vashi. We can clearly infer that flats in Airoli are an additional income generator. Experts believe that flats in Airoli will definitely reap benefits in the future if you invest now.
Nerul: Nerul has seen a surge in rates due to the factors like existence of educational institutes, presence of landmarks such as Ayyappa temple, Rock garden which has an amphi Theatre, Children’s play area, botanical garden adds not only to Nerul’s popularity but also its growth index and connectivity to Vashi. There is also an increasing demand for flats on rent in Nerul because of the colleges - SIES, D Y Patil college, Terna college & many more. Surrounded by gardens in every sector you can easily getaway from the chaos within the locality. Today, Nerul has transformed itself into a fast developing locality, equipped with excellent infrastructure and easy accessibility to Mumbai and Thane. Thus we can infer that Nerul is a coveted destination in terms of everything.
Ulwe: Located in the Raigad District with close proximity to Sion-Panvel Expressway, Ulwe is still a developing node in the Navi Mumbai extension, although it begs for attention owing to its well-planned infrastructure. Ulwe is strategically located across the Panvel Creek and in visual contact with CBD Belapur & Seawoods. Ulwe is still in the developing phase so nearby schools like Apeejay School, St. Xavier's High School, Ryan International School, St. Augustine's High School, & Mahatma Gandhi Mission's Primary & Secondary School are appropriate since they are just 15-20 mins away. The transformation of Ulwe from a drowsy suburb into a realty hotspot in a span of five years is absolutely wonderful and promising. Improved and managed by CIDCO, Ulwe is a hub of the city of Navi Mumbai. Its accessibility to the proposed Navi Mumbai airport this area has seen an exponential growth in the property price.
Kharghar:. Kharghar adjoins the CBD of Belapur in Navi Mumbai and is bound by two major highways with picturesque Kharghar Hills. The Taloja industrial estate and Taloja creek are located on the east. The place is easily approachable from Pune and the other major cities of the state like Thane, Kalyan, Nashik etc. Bus connectivity from Kharghar connects to places like Dadar, Thane, Vashi, Sion, etc. Kharghar ensures quality education due to the presence of schools like DAV International School Kharghar, Apeejay School, Sanjivani International School, Ryan International School, Radcliffe School Kharghar & many more. Proximity to the proposed International airport and the metro project will provide high class infra thereby lending an opportunity for businesses to hop between workstations and the airport.
Kharghar being home to the prestigious NIFT, Bharati Vidyapeeth College of Engineering, Bharati Vidyapeeth College of Architecture, A C Patil College of Engineering, Saraswati College of Engineering and YMT College & Hospital building a self sustaining education ecosystem for continued growth of this locality.
Taloja:Apart from being close to the industrial areas of Kharghar and CBD Belapur, Taloja has great prominence from property seekers because of its connectivity, strategic location and affordability. Taloja is located in the vicinity to Kharghar. It is a Central Business District (CBD) & has MIDC industrial area with several small and big industries.
The upcoming International airport will be positioned around 15 km from here. If you are looking to invest in affordable housing, you may choose Taloja as it will give higher real estate values with the proposed infrastructure development.
Panvel: Real estate market in Panvel is witnessing an upward trend and there has been a significant rise in demand from millennials. With green surroundings and ample space, buyers are attracted towards this region, for affordable housing. Surrounded by some major MIDC managed regions like Patalganga, Taloja, Nagothane, Roha, Khopoli, Bhiwandi & many more. Located close to the Mumbai-Pune Expressway and the Sion-Panvel Highway, commuting to either Mumbai or Pune, is convenient. Dr.Pillai's International School, D.A.V. Public School, New Panvel, St. Joseph’s High School, Kendriya Vidyalaya, Pillai’s Institute of Information Technology, Shantiniketan Public School & many more ensures valued schooling. The proposed Navi Mumbai Trans-Harbour Sea Link to boost connectivity further. Also, the proposed 140-km Virar-Alibaug Multimodal Corridor,will fast-track the transformation of Navi Mumbai into a developed city. The proposed NAINA city (Navi Mumbai Airport Influence Notified Area) by CIDCO, which is in the works, is another factor contributing to the increased interest.
Properties in Panvel that would reap you good investment:
As more locations continue to go out of the reach of a certain cross-segment of buyers Navi mumbai seems to be attracting people with a budget curb. Affordability, Connectivity, well-planned roads, improved Infrastructure Navi Mumbai has got all of it. Why wait for tomorrow when you can invest today, Visit The Propertist.com to find your dream home!