Navi Mumbai is a cost-effective alternative for those who cannot afford to invest in Mumbai.

Despite rising real estate costs in Mumbai, Navi Mumbai has emerged as a strategic investment hotspot, drawing investors and end-users from all over Maharashtra. Navi Mumbai originated as a small satellite city of Mumbai and has subsequently expanded to cover a wide region.

New nodes are emerging, and existing nodes are witnessing major infrastructural development, with the Navi Mumbai International Airport, Nhava Sheva Trans-harbour Link, and Navi Mumbai Metro all expected to open by the end of 2021. According to industry analysts, infrastructure initiatives in regions like as New Panvel, Ulwe, Uran, Taloja, Kharghar, and Kalamboli are causing property values to rise. We’ve put up a list of the greatest Navi Mumbai neighbourhoods to consider when buying or renting a home.

– Vashi Navi Mumbai

Vashi, one of Navi Mumbai’s two gateways, is also one of the city’s most expensive and well-developed areas, complete with schools, hospitals, banks, hotels, restaurants, malls, and commercial spaces.

The Vashi locality includes Vashi, Turbhe, and KoparKhairane. The cost of living in Vashi varies from INR 8,580 to INR 17,940 per square foot. Vashi is home to a diverse range of businesses, including IT/ITeS, BPO, KPO, banking, chemical, and industrial manufacturing, among others, making it an appealing option for employees wishing to purchase a home.

Are You Looking to Rent a Flat in Vashi Navi Mumbai?

– Nerul Navi Mumbai

In Navi Mumbai, Nerul is a high-end residential and business neighbourhood comprising low, mid, and high-rise apartments as well as single-row bungalows. In addition to IT parks and commercial complexes, Nerul has an MIDC industrial district, professional institutions, and international schools. The DY Patil Stadium, which hosts a variety of international athletic events, concerts, and other events, is also located in Nerul.

It has excellent connectivity to Mumbai, Thane, the Jawaharlal Nehru Port Trust (JNPT), and the burgeoning investment centre of Ulwe thanks to various infrastructure initiatives such as the Palm Beach Road, Thane- Belapur Road, Sion- Panvel highway, and the Mumbai Suburban Railway. Nerul’s capital values per square foot range from INR 10,100 to 16,150.

Are You Looking to Rent a Flat in Nerul Navi Mumbai?

– Panvel Navi Mumbai

Panvel is the most desirable neighbourhood in Navi Mumbai for property buyers. The neighbourhood includes Panvel East, Panvel West, New Panvel, Khanda Colony, Karanjade, Adai, Chipale, and the Mumbai-Pune Expressway.

The capital values in Panvel range from INR 4,230 to INR 9,850 per square foot. Some of the major factors driving the Panvel real estate market include proximity to the upcoming Navi Mumbai International Airport, as well as other planned infrastructure projects such as the Navi Mumbai Airport Influenced Notified Area (NAINA), Trans Harbour Link, and others, as well as excellent connectivity to Mumbai city.

Are You Looking to Rent a Flat in Panvel Navi Mumbai?

– Kharghar Navi Mumbai

Kharghar has emerged as one of the major investment hotspots in Navi Mumbai over the last decade, thanks to a serene and green neighbourhood, various affordable housing schemes by CIDCO, a large golf course development, and the upcoming metro connecting Kharghar with Belapur and the industrial area in Taloja.

C-DAC, NIFT, Bharti Vidyapeeth, and ITM are among the prominent academic institutions in Kharghar, as are a plethora of other engineerings, medical, dental, management, and foreign schools. The capital values in Kharghar range from INR 7,000 to 10,780 per square foot.

Are You Looking to Rent a Flat in Kharghar Navi Mumbai?

– Airoli Navi Mumbai

Airoli has a wide range of affordable to high-end apartments that appeal to people of all economic levels. Airoli’s social infrastructure includes schools and colleges, hospitals, restaurants, marketplaces, and parks.

It is well connected to Thane and Mumbai via the Thane-Belapur Road and the Mumbai Suburban Railway. The proximity of significant employment areas such as Mindspace Technology Park, Airoli Knowledge Park, Reliable Tech Park, TTC Industrial Area, and a few MIDC Industrial zones further makes Airoli appealing to property purchasers. The Airoli locale includes Airoli, Rabale, and Ghansoli. The capital value of Airoli varies between INR 9,300 and 14,080 per square foot.

Are You Looking to Rent Flat in Airoli Navi Mumbai?

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