Panvel is an investment magnet for buyers
With housing prices in Mumbai city hitting an all-time high, it's time to look beyond the city. Neral- Karjat is a good option. We all know that Mumbai life is getting congested and expensive every day compelling people to look for planned complexes/ townships at affordable prices.
Neral- Karjat is fast emerging as a popular residential destination for this segment. Once known as the junction to go to Matheran via the toy train, the town lacked infrastructure and connectivity. However, today Neral- Karjat boasts of various development plans, government offices, budding social infrastructure, vast commercial and branded residential townships, making it one of the fastest developing districts of uptown Mumbai. This belt is witnessing a revolution similar to the one that the Vasai- Virar belt saw over the last 10 years. Buyers have a good chance to get more amenities with luxurious elements at an affordable price.
Neral- Karjat is directly connected by rail and road. Recently, the Union Cabinet approved the Mumbai Urban Transport Project Phase- III. Panvel- Karjat double line suburban corridor too will cater to the significant urbanization and population growth in recent years in this area. Neral- Karjat is connected via several national and state highways.The Mumbai- Pune Expressway is also accessible from here. Buses are available to all regions of Mumbai and bus frequency to Panvel is very good. A good number of schools, engineering- medical- pharma colleges, institutions of higher learning, retail shops, hospitals and shopping areas are coming up here rapidly.
Today, Neral- Karjat is attracting masses to buy residential spaces as for self- use as well as for investment purposes. Many migrant families from Mumbai and Navi Mumbai are buying here owing to the affordability factor. The Government’s initiatives of ‘ Housing for all by 2022’ and the current reduction of lending rates by banks will also give affordable housing a huge boost. There is huge development of large integrated townships with the property market of Neral - Karjat offering lucrative opportunities for real estate growth.
Properties in Neral:
Properties in Karjat: