CREDAI MCHI requests the Government for reduction in stamp duty till the end of current financial year
Navi Mumbai is a planned satellite city of Mumbai, on the west coast of Maharashtra in India. It was developed in 1972 as a new urban township of Mumbai, and is currently the largest planned city in the world. This city was mainly designed to fit in the ever increasing population of Mumbai City Localities in Navi Mumbai are either well developed or developing at a fast pace, which overall makes Navi Mumbai a great investment opportunity with projects that could possibly give great appreciation.
Property investors will undoubtedly benefit from the government's huge development plans for Navi Mumbai. With the construction of the Mumbai Trans Harbour Link, travel time to South Mumbai from Navi Mumbai will be drastically reduced. With upcoming projects in Navi Mumbai, the demand for Navi Mumbai’s real estate market is skyrocketing and people are slowly migrating to these locations. The prices in Navi Mumbai are relatively affordable when compared to Mumbai but might hike in a few years time.
If you're still unsure where to buy your dream home this year, here's our list of the 7 best real estate locations to invest in Navi Mumbai in 2021.
7 best Locations in Navi Mumbai to invest:
Panvel has emerged as a booming real estate market in the past few years. With the new airport being built the property prices are showing an upward rally and one should invest before it reaches a stage where you might feel you are priced out. With schools, colleges, malls, corporate offices, parks all in and around Panvel it has made Panvel a property investment hotspot.
Some amazing projects in Panvel are Godrej city (₹45 lakhs onwards), Hill view residency (₹ 27.81 Lakhs onwards), Wadhwa wise city (₹ 34.5 Lakhs onwards), La Mer residency, Marathon Nexzone Phase 2 (₹ 52 Lakhs onwards)
Kharghar is considered the most developed area of Navi Mumbai, it has a great social and physical infrastructure that has contributed to the development of Kharghar. With several small-scale industries close to Kharghar, Kharghar has become a major residential hub. Having malls, gyms, schools, colleges, offices all in the vicinity has made the average price of the property move upwards after the development, upcoming airport and the proposed Metro in Navi Mumbai.
Some amazing projects in Kharghar are Suyash Galaxy (₹ 54 Lakhs onwards), Anandam Upper Kharghar (₹ 47 Lakhs onwards), Adhiraj Codename capital city (₹61.24 Lakhs), Pushp Pinnacle (₹ 85 Lakhs onwards)
Ulwe is developed and maintained by CIDCO. Currently, the property rates are going uphill due to the development in Ulwe and with its close proximity to the under-construction Navi Mumbai Airport, A coastal road is also being proposed and with several factors like these, the property prices are increasing and will continue growing exponentially.
Taloja has immense potential and is an attractive investment option which is developed by CIDCO. Taloja is already seeing vigorous new developments and is a great investment option. It's situated near the old Mumbai-Pune highway. The phase II metro is said to be operational from Taloji to Khandeshwar.
Some amazing projects which offer beautifully designed homes with a plethora of amenities in Taloja are Crown Taloja (₹ 27.54 Lakhs onwards), Arihant Anshula(₹ 44 Lakhs onwards), Mahaavir Majesty (₹ 31.7 Lakhs onwards), Codename Golden Dream (₹ 27.54 Lakhs onwards)
Seawoods is developed faster than most other areas in Navi Mumbai. L&T has developed Seawoods Grand Central which would comprise large office spaces, entertainment areas and malls. The upcoming Airport is just 3 km away from Seawoods and Seawoods connects to the major Sion-Panvel highway and also to Palm beach road. Seawoods is one of the most planned and posh areas of Navi Mumbai and has Seawoods Darawe railway station on the harbour line.
L and T Seawood residences (₹1.85 Cr onwards) is one of the most modern and luxurious residential projects built by L&T.
Central Business District of Belapur or CBD Belapur is one of the most prominent areas of Navi Mumbai. It is one of the fastest growing areas in respect to residential and commercial space. The planned Phase I of Navi Mumbai Metro is said to be from Belapur to Pendhar. CBD Belapur is soon to be connected to the new airport, while belapur station lies on the harbour line and the palm beach road connects it directly to Vashi.
A standout Project in CBD belapur is Codename Hill Crest (₹1.4 Cr onwards) offering some amazing amenities.
Sanpada is a prime locality comprising developed infrastructure in Navi Mumbai.The Mumbai Pune highway passes through Sanpada, and due to this Sanpada has good connectivity to Mumbai as well as Pune. Several offices and industries are in close proximity and has Sanpada railway station on the harbour line which has good connections to CST, Thane, and Panvel.
One projects that offers amazing amenities in Sanpada is Goodwill Unity (₹1.44 Cr onwards)
Investment in the above locations in Navi Mumbai is an attractive option as Navi Mumbai is developing at an exponential rate and the real estate market here is very lucrative due to its affordability, great connectivity and opportunities. If one wants to rent a house or buy a house in Navi Mumbai they can check out www.thepropertist.com for some phenomenal options.