Top 7 Navi Mumbai Areas For Investment Growth
Suburbs like Shilphata, Taloja & Karanjade have become some of Navi Mumbai’s fastest-growing investment areas thanks to improved road connectivity and the construction of new metro lines. These neighbourhoods offer a variety of residential options. And housing values there have increased by up to 20% YoY, average Rs 8,000 per square foot.
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Due to increasing real estate costs and a lack of available space for new developments, Mumbai’s residential landscape has developed a Speciality. As a result, many homebuyers have moved their attention to Navi Mumbai’s residential market because it is relatively more inexpensive. It not only provides homes at affordable prices, but also a standard of living comparable to Mumbai. Here are Navi Mumbai’s top 7 fastest-growing areas for real estate investments, whether you’re looking to buy a home for yourself or as an investment.
Kalamboli
At the intersection of the Sion-Panvel Highway, NH-4, Panvel Bypass, NH-17, & Mumbai-Pune Expressway, Kalamboli is a mid-segment neighbourhood primarily made up of 2 BHK and 3 BHK home units valued at Rs 8,150 per sq. ft. The owner of Nageshwar Real Estate & Consultant in Navi Mumbai, claims that Kalamboli is a well-liked residential area with great connectivity. Both Taloja MIDC and Belapur CBD are only five and ten kilometres away, respectively. Future construction in and around the area includes the projected Navi Mumbai Special Economic Zone. As well as metro stations at 2E, 7E, and 13 on Navi Mumbai Metro Line 1 (Phase II) (SEZ). While monthly rent for a two-bedroom home now starts at Rs 10,000, as housing demand rises, rents are expected to rise.
Taloja
Taloja, a well-planned suburb by Maharashtra’s City & Industrial Development Corporation (CIDCO), is located off the Old Mumbai Highway (NH-4). It is split into two sections and offers a mixture of low-cost homes and commercial buildings. The Mumbai International Airport is around 45 km away, however Taloja Panchnand Railway Station serves the region. The Taloja Metro Station on Line 12 has been suggest by the government, which will improve connectivity even more. Konnark Realtors, Abode Developers, & Eankay Homes Ltd. are a few of the prominent developers working in the Taloja. The cost of real estate in Taloja has increased by more than 10% in the past year. And is now Rs 6,150 per square foot.
Shilphata
At the intersection of Kalyan-Shilphata Road & National Highway (NH)-48, there is a community called Shilphata that is quickly growing. Its strategic placement has enabled it to see a price increase of more than 20% over the past year. The average price of a property today is about Rs 7,650 per square foot. Future infrastructure projects like the Ghatkopar-Ghansoli Link Road, the Airoli-Dombivali Tunnel Road, as well as the Kharghar-Kalyan Monorail, as well as the future Navi Mumbai Airport, are projected to further spur real estate growth and increase in value in the area. Shilphata’s rental market is influence by its closeness to the commercial hubs of Airoli and Palava Experia. 2 BHK homes make up a sizable portion of the entire inventory in Shilphata that is available for purchase and rental.
Khanda Colony
The distance between the Khanda Colony and the Kalamboli Industrial Area is two kilometres. The distance between the Belapur CBD and the Khanda Colony is three kilometres. All three highways—the Sion-Panvel Highway, NH-4, and JNPT Bypass—ensure simple access to important areas. The upcoming Kharghar Sector 14 Metro Station is only seven kilometres away, and last-mile connection will be improved by the Virar-Panvel Railway Corridor as well as the CSMT-Panvel Fast Corridor. The cost of real estate in Khanda Colony is currently around Rs 9,750 per square foot, up more than 5% YoY.
New Panvel
Three kilometres from the Kalamboli Industrial Area & 15 kilometres from Belapur’s central business district, New Panvel advantages from decreased buying and renting costs. The average cost of real estate in this region is Rs 8,100 per square foot. while monthly rent for a 2 BHK starts at Rs 13,000 a month.
The region boasts a system of large, well-planned arterial highways that provide quick access to Badlapur, Dombivli, Dadar, Kalyan, & Thane. The closest metro station will be CIDCO Science Park on the future Navi Mumbai Metro Line 1.
Panvel
Panvel is a growing community with a sizable available supply of mid-range housing. Through the Sion-Panvel Highway, NH-48, NH-66, & JNPT Road, it has good access to the roads. Following a 5% YoY increase, the average property price in Panvel is now around Rs 8,150 per square foot. Given that more than 10 new trains will soon run out of Panvel Terminus. Panvel is position to become the next major rail hub in Navi Mumbai. The time it takes to travel between Mumbai and Navi Mumbai will also be greatly reduce because to the forthcoming CST-Panvel elevated rail corridor project.
Kamothe
Approximately Rs 8,650 per square foot is the price of homes in the Kamothe neighbourhood. Which is adjacent to the Mumbai-Pune Expressway. The new Navi Mumbai International Airport. Which is only nine kilometres distant, has contributed to the region’s over 4% yearly price growth. A two-bedroom apartment here typically costs Rs 15,500 per month in rent.
Sector 10, Kamothe will have a station for the Navi Mumbai Metro Line 1’s proposed Phase 2. Professionals working in the neighbouring business parks, like Vishwaroop IT Park & Haware Fantasia Business Park, are anticipated to demand tenancy as a result.
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