Kharghar, developed by the City and Industrial Development Corporation (CIDCO), has grown into the most prosperous and modern center of Navi Mumbai’s satellite city. The area’s level of living has been raised in recent years has resulted in enormous economic, social, and residential growth. Kharghar ranked placed second in the world of India’s most livable cities, according to the Department of Housing and Urban Affairs’ 2018 report.

Kharghar, which would be situated between both the Mumbai-Pune Highway the Panvel Road (NH-48), has reaped the rewards of a highway-led development. Kharghar is an hour’s drive away from Mumbai, near Navi Mumbai’s Central Business District (CBD), and is surrounded by the Kharghar Mountain – Parsik Mountain Ranges and Kharghar Hills.

The Kharghar area is one of Mumbai’s most difficult terrains. However, the state president’s development has transformed this area into a real estate hotspot. Kharghar is currently one of Navi Mumbai’s most popular housing destinations, with a plentiful supply of under-construction projects, comparably low property costs, and easily accessible to metropolitan Mumbai. In fact, after Vashi and Nerul, Kharghar in Navi Mumbai’s third most developed neighborhood.

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Position in the real estate market

Kharghar is primarily an urban area, but it also has a significant rural component. The anticipated operationalization of Navi Mumbai International Airport will aid in the development of Kharghar’s commercial growth. Moreover, the upcoming Metro Line 1 from the CBD of Belapur to the Navi Mumbai International Airport would improve connectivity and real estate prices inside the region.

Kharghar is primarily an urban area, but it also has a significant rural component. The anticipated operationalization of Navi Mumbai International Airport will aid in the development of Kharghar’s commercial growth. Moreover, the upcoming Metro Line 1 from the CBD of Belapur to the Navi Mumbai International Airport would improve connectivity and real estate prices inside the region.

 

Amenities and Social Infrastructure

Over the years, Kharghar has seen the development of additional social infrastructure. Another important reason for its recent appeal as a residential real estate center is this. MGM, Fortis, and Tata Memorial are just a few of the top hospitals in Kharghar.

In addition to SIES, NMIMS, NIFT, ITM, and other colleges, reputable educational institutions include Ryan International, DAV International, Delhi Public School, and Fr. Agnes. CIDCO has already built an 18-hole golf course in Kharghar, as well as the lovely Central Park, which serves as a key recreational center for the locals. The location itself has a beautiful backdrop of waterfalls and protected woodlands.

Food courts, a jogging track, an amphitheater, beautiful gardens, a greenhouse, and theme parks are all part of the 80-acre Central Park. There are multiplexes, theatres, restaurants, and hotels in the area, and also shopping centers, utility stores, retail stores, and groceries. A prominent center of worship nearby is indeed the ISKCON temple, and there are various commercial banks too though.

At 1780 meters, the Kharghar Skywalk is the country’s longest and a popular tourist destination for both locals and tourists. The Krantiveer Phadke Garden is located in Sector 12 in Kharghar, whereas a CIDCO Park is situated in Sector 20 and is visited by children, senior citizens, and runners. The Little World Mall, as well as the Glomax Mall, are two significant malls in the area. Both these shopping malls have multiplexes. Inside the neighborhood of Raghunath Vihar, there are some cinema screens, similar to the ones at Tiara Complex. Some of the largest supermarkets in the area include DMart, Star Daily, More, and Reliance Fresh.

 

Upcoming infrastructure projects in Kharghar

A number of planned infrastructural developments are responsible for Kharghar’s real estate rise. These are some of them:

NAINA (Navi Mumbai Airport Influence Notified Area):

The NAINA project, which is twice the size of Mumbai International Airport, is expected to boost the region’s employment potential. Kharghar’s real estate market will benefit from new project launches as well as increased demand for rental housing.

The new Navi Mumbai International Airport, which will be built in four phases near Kharghar, is now under construction. The first part of the project is expected to be finished soon. The new airport’s proximity will greatly improve real estate in Kharghar and the neighboring districts. It is only 15 kilometers from the new airport, which takes about 30 minutes to travel.

 

MTHL (Mumbai Trans Harbour Link):

Sewri and Nhava Sheva on Mumbai’s mainland will be connected by India’s longest under-construction Seabridge.

The Mumbai Trans Harbour Link (MTHL) is a 22-kilometer-long sea bridge under construction in the Mumbai Metropolitan Region (MMR) of Maharashtra, India, that would span the Mumbai Harbour. When finished, the MTHL will be India’s longest sea link.

The bridge, which will connect central Mumbai and Navi Mumbai, a planned development on the city’s opposite coast, is being built by the Mumbai Metropolitan Region Development Authority (MMRDA).

The MTHL project will provide a vital link between the two cities, as well as speedy access to Navi Mumbai’s southern reaches. It will also help the mainland and its adjacent territories flourish and thrive socioeconomically.

 

Parsik Tunnel:

Turbhe Station and Tata Hospital in Kharghar will be connected by the proposed tunnel. The state’s road development company proposes to build a six-lane elevated expressway between Kharghar and Turbhe in Navi Mumbai to relieve congestion on the Sion-Panvel Highway. Between Kharghar and Turbhe, it will cut travel time by 15 to 30 minutes.

 

BKC 2:

CIDCO plans to develop Navi Mumbai’s Kharghar node into a second Bandra Kurla Complex (BKC). The second BKC will be constructed in the Taloja industrial area, in the Kharghar node. On 125 acres of land in Kharghar, a corporate center will be built. In addition, CIDCO has cast aside 200 hectares in BKC 2 for the construction of a central park and a golf hub. 50% of the space will be allocated for high areas. Outer fringes and a composite material have been planned by CIDCO.

 

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