Affordable Localities :- Navi Mumbai is a Western Coastal planned city in the Maharashtra district of mainland India’s Konkan area. The city is divided into two sections: North Navi Mumbai and South Navi Mumbai. It, like Delhi-NCR, is part of the greater Mumbai Metropolitan Region (MMR). The city was suggested as an urban development in 1971, and it now ranks 4th out of 73 cities examined for sanitation and hygiene as part of the Swachh Bharat Mission.

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Siemens, CRISIL, Mastek, Accenture, L&T, and the massive Reliance Corporate Park complex in Ghansoli are among the global companies with headquarters or branch offices there. Navi Mumbai is a fast-growing urban IT and Technology industry area with a large number of enterprises and close proximity to Mumbai and the JNPT Port. It, like Mumbai, has good public transportation, as well as a new Greenfield International Airport near Panvel. Residents and homebuyers have been drawn to the area as a result of the recent improvements. So, if you’re one of them, we’ve compiled a list of the most cheap areas here.

 Affordable Localities-Navi Mumbai’s Most Affordably Priced Neighborhoods

You’ve come to the perfect site if you’re seeking for inexpensive Navi Mumbai neighbourhoods. Continue reading to learn more.

Kamothe: A slum-free neighbourhood in Navi Mumbai

The future Navi Mumbai International Airport is only 8.5 kilometres from Kamothe, which is located on the Mumbai-Pune route. It is separated into numerous sectors 5, 6, 8, 14, 21, 34, 35, and more, and is located in the eastern section of Navi Mumbai. It is home to a number of prestigious educational institutions, including NIFT, Mahatma Gandhi Institutes, Leader IAS Academy, and other well-known schools. Inox, Little Word, and Orion Mall are all within 5 kilometres of each other. The MIDC sector in Ghansoli is closely connected to this strategically designed neighbourhood. It is also surrounded by four multi-specialty hospitals and a nursing home. High-rise buildings make about 85 percent of the region, with notable developments including Giriraj Heights, Sirvi Heights, and Haware Green Park, among 68 others.

Connectivity

The Mumbai-Pune Expressway runs through the area.

Within 3 kilometres are the railroad stations of Kandeshwar and Mansarovar.

Chatrapati Shivaji (Mumbai) Airport is 34 kilometres distant and will be serve by the future Mumbai-Panvel metro line.

 Affordable Localities-Rental Costs on Average:

Residential rents average between Rs. 12-18 per sq. ft., whereas commercial rents average between Rs. 22-38 per sq. ft.

In January 2022, the average sale price for multi-story structures was roughly Rs. 8,000 per square foot.

 Affordable Localities: Kharghar: An emerging township with a lot of development.

Kharghar is a well-planned Navi Mumbai node immediately north of Kamothe, located on the northernmost tip of the Raigad District and constructed by CIDCO. It follows a block-like sectoral division, similar to Chandigarh, and includes 45 sectors, including 10, 12, 20, 26, 27, 29, and 33. Kharghar is surrounded by greenery, with the Kharghar Golf Course and Central Park nearby for yoga and other activities. It is surrounded by educational institutes like as DAV International School and NMIMS Navi Mumbai, and is near to NIFT and MGIMS.

Within a 5-kilometer radius, there are several commercial businesses such as DMart, Little World Mall, and others. Greenwoods, Sai Mannat, Sai Wonder, and Paradise Sai World are just a few of the 200+ projects in the pipeline. From Kharghar, the LOMA IT Campus and Millenium Business Park in MIDC are accessible through highway.

Connectivity

• Chattrapati Shivaji Terminus is a one-hour drive away (Central Mumbai).
• The neighbouring Kharghar Railway Station is a well-connected station with connections to several of Mumbai’s main areas.
• Panvel, Thane, Sion, Vashi, and Kamothe are all well-served by NMMT buses.
• The Sion-Panvel Highway runs through this town.
• The 5-station Metro line for Navi Mumbai is located close to the NH48 (Mumbai-Pune Expressway) and is only 5 kilometres away.

Residential units in this well-connected neighbourhood rent for Rs. 17-26 per sq.ft. on average. At Rs. 36-58 per sq.ft. office space is very inexpensive. Commercial shop rates range from Rs. 41 to Rs. 73 per sq.ft. Apartment complexes make up 94 percent of the available properties. As of January 2022, the average price for multi-story structures in Kharghar is Rs. 9,317 per square foot.

Taloja Panchanand: A future retreat for residents

Taloja is a quasi-industrial development that extends from the Kharghar node. It is located in Raigad, which is on the eastern side of the Mumbai-Pune NH48. It consists of moderately priced homes with excellent possibilities for both move-in and under-construction developments. Low-rise and mid-rise cooperative housing societies are included in Phase I, whereas CIDCO Affordable Housing construction is included in Phase II. Hinduja Industries Ltd., Deepak Fertilisers, Asahi Glass, and IG Petrochemicals, among others, are located in Taloja, which is an employment centre with a mix of industrial and residential regions. Taloja is notorious for pollution, which spills to Kharghar as well.

Taloja boasts prestigious schools such as Carmel Convent, but it lacks entertainment and healthcare, with Kharghar, which is now located 10-20 kilometres distant, filling these gaps. It is a wonderful investment opportunity and one of Navi Mumbai’s most cheap areas. Enkay Gardens and Payal Heights are two important developments.

Connectivity

• It has its own railway station, with trains running every 45 minutes to an hour.
• The Taloja Metro station is located on the 22-kilometer Mumbai-Panvel metro line.
• Kharghar Railway Station is 15 minutes away by train, while Central Mumbai Terminus is 40 minutes away by car.
• The hotel is located on NH48, 3 kilometres from the Sion-Panvel Highway.

Low and mid-rise residences with an area-wide cheaper rent of Rs. 11-21 per sq.ft. are available in this quasi-industrial node’s residential spaces. As of January 2022, the average sale price for multi-story structures in Taloja was Rs. 6,100 per square foot.

Airoli: Navi Mumbai’s Gateway

Airoli is a developed residential centre that is known as the entrance to Navi Mumbai, as it is located near both Mumbai and Thane. It is located across the Thane Creek from Mulund East. It has a significant presence of prestigious schools (St. Xaviers, Datta Mehta College), retail malls (Ripplez and Siddhivinayak), hospitals, and great electricity and water infrastructure. Due to its closeness to business centres like as Mindscape Technology Park, MIDC Industrial Region, Reliance Corporate Park, and LOMA IT Park of Ghansoli, the area is mostly use for rental reasons. The Airoli bridge, which spans Thane Creek, connects it to Mulund. Newa and Raikar Group are two well-known developers.

Connectivity

• Thane-Belapur Road connects them in the north.
• Both Dighe in the north and Airoli Railway Station in the city centre are connecte.
• The Mumbai International Airport is 21 kilometres away.
• The Mumbai Highway is 15 kilometres away.

 Affordable Localities-Rental Costs on Average:

The average rent for multi-story buildings is between Rs. 21 and Rs. 32 per square foot, which is reasonable given the location and amenities available. One-bedroom apartments make up 45 percent of the available properties, two-bedroom apartments make up 44 percent, and three-bedroom apartments make up 8%. As of January 2022, the average sales price for group housing and high-rise dwellings was Rs. 11,920 per sq.ft.

 Affordable Localities-Nerul: High-Speed Internet

Between Thane Creek in the west and Seawoods in the south, Nerul is a premium designe residential and business space. It is located on the Mumbai-Pune highway and has high-end lifestyle commercial spaces as well as strong social infrastructure. The prominent educational institutes are DY Patil University, Apeejay, and St. Augustine’s high school. This region is serve by the Seawoods Grand Mall, Haware Centurion, and Inorbit Malls, as well as the DY Patil and Apollo Hospitals. Parks such as Jewels of Navi Mumbai, Rock Garden, and Flamingo Point are very popular. Galaxy, Platinum Group, and Juhi Developers are among the top developers.

Connectivity

1. On the Harbour line, there are the railway stations of Nerul, Sanpada, and Seawoods, as well as Kharkopar on the Suburban line.
2. Located 30 kilometres from Mumbai Airport, across the Mumbai-Pune Expressway.
3. By NMMT Buses, it is well connecte to Mumbai, Thane, and Panvel.

 Affordable Localities-Average Rent: Apartments account for 74% of available rental space, with a mix of group living and high-rises. The typical residential rent is between Rs. 21 and Rs. 35 per sq.ft. Office space costs Rs. 44-74 per sq.ft., whereas commercial space costs Rs. 53-97 per sq.ft. As of January 2022, the average price for multi-story apartments is Rs. 13,971 per square foot.

Khamothe, Kharghar, Taloja, Airoli, and Nerul are among the 5 most affordable areas in Navi Mumbai for residential and commercial reasons. MIDC, Reliance Business Park, International IT Park, Millenium Business Park, and Mindscape IT Park are just a few of the corporate centres in the vicinity. They’re also near to the 22-kilometer-long Navi Mumbai metro line and the Navi Mumbai greenfield airport project. Navi Mumbai is a suitable option to Mumbai and Thane’s congested and poorly designed civic infrastructure since it has a pleasant atmosphere and a low cost of living.

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