Mumbra is a significant suburb in Thane that is renowned for its superior connectivity, reasonably priced housing, and close proximity to Navi Mumbai’s employment centres. Mumbra has gained notoriety among real estate investors as a result of the escalating demand for residential units and builder floors. To learn more about real estate investing in Mumbra, Thane, keep reading.

Are you looking flat for sale in tilak nagar?

Mumbra is a suburb in Thane, close to Diva, Airoli, and Rabale, and is part of the Mumbai Metropolitan Region (MMR). Mumbra, which was formerly a vast agricultural area, has quickly transformed into a populated area with a first-rate road system. A Mumbra has evolved into a sought-after housing hub thanks in large part to its proximity to Airoli and Rabale’s industrial zones. Micro-markets in the area, including Kalsekar, Moti Baugh, Shimla Park, Devripada, Kausa, Shivaji Nagar, and Daulat Nagar, provide a variety of residential property alternatives ranging from budget-friendly to upscale price ranges.

Options for residential real estate

Mumbra has experienced an average price increase of over 10% YoY in property values, It provides the majority of residential apartments, then builder floor units, in a segment with an inexpensive price point. Here, more than 90% of the housing stock is priced under Rs 50 lakh. Around Rs 3,500 per square foot is the local average for the cost of real estate. The most popular configuration for apartments is a 1 bedroom, followed by a 2 bedroom. Along with other city-based developers, builders offering projects in Mumbra include Karrm Infrastructure, MM Group Mumbai, and Square feet Group.

Price increases of 8–10% were seen in recent months in micromarkets like Parsik Nagar & Daulat Nagar. Mumbra has a six percent annual rental yield average, making it a popular location for investors.

Mumbra as a Commercial landscape

Mumbra’s commercial holdings primarily consist of stores and retail locations. A retail store typically costs between Rs 20,000 and Rs 30,000 per square foot, or Rs 70 lakh for a store with a 300 square foot site. Anand Koliwada, Mumbra East, Sonaji Nagar, and Bombay Colony are just a few of the area’s many commercial options. For a plot of land measuring about 200 square metres, commercial offices in Mumbra can be leased for about Rs 60,000 per month.

Social infrastructure

Mumbra is ideally positioned next to NH-48, offering excellent inter-city connection to Navi Mumbai, Pune, and other Maharashtra cities. The community has a designated train station that runs on the Central Line of the Mumbai Suburban Railway and is located around 35 kilometres from Chhatrapati Shivaji International Airport. Numerous employment areas, including TTC Industrial Area, CIDCO Industrial Area, Dhirubhai Ambani Knowledge City, & Mindspace Business Park in Airoli, are easily accessible due to its excellent connectivity.

Mumbra is a popular rental housing centre for working professionals. Due to its strong connectivity and closeness to numerous job areas. Due to the abundance of hospitals, schools, and markets in the area, families make up the majority of the population.

Future developments

Future construction in Mumbra will enhance the area’s connectivity to other areas of the MMR. Included in this is the Airoli-Katai Naka Freeway, which will travel through Mumbra’s Parsik Nagar Subdivision. Additionally, Diva, which is seven kilometres away from the area, is expected to have a station on the high-speed rail line that is currently being built between Mumbai and Ahmedabad. The interstate link would be strengthened as a result. Additionally, there are plans to build a Zipline connection between Mumbra and Airoli to significantly cut down on travel time between the two towns.

It is safe to assume that Mumbra has the ability to benefit real estate investors. And offer greater housing options to end-users given the variety of future developments and previous real estate market trends in Mumbra. However, before buying or selling a home, conduct thorough study.

Video Source

You’re looking for Projects in Kharghar we have the Best Properties In Navi Mumbai Like Ready to Move:https://navimumbaihouses.com/properties/search/kharghar/

If you want daily property update details please follow us on Facebook Page / YouTube Channel / Twitter