Five Motives To Invest In Real Estate In Navi Mumbai
When it comes to inexpensive real estate, Navi Mumbai is starting to gain popularity over Mumbai City and the suburbs. Navi Mumbai is home to a huge number of SMEs and even large corporations with their operational headquarters, manufacturing and/or production units. This is a result of reasonably price real estate and land. Navi Mumbai is ideally situated to connect Panvel, Thane, and Mumbai. With ongoing infrastructure developments like Transharbour Link, Metro Rail, & International Airport, Navi Mumbai is currently prospering. Let’s quickly review the justifications for purchasing real estate in Navi Mumbai.
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Strong connectivity and infrastructure
The most developed neighbourhood in Navi Mumbai is Vashi, which has access to Thane, Panvel, & Mumbai in three directions. Numerous government offices are located in Belapur, including the Consumer Court CBD Belapur, the Maharashtra Public Service Commission Office, and CIDCO. There are numerous SMEs offices in Juinagar that are generating jobs. Another area that is rapidly developing is Kharghar. Every convenience, including banks, gyms, restaurants, parks, clubs, schools, and multispecialty hospitals, is available in Vashi and Kharghar.
An extensive network of wide roadways connects every part of the Navi Mumbai region. As said earlier, you can get to Thane, Mumbai, & Panvel from Vashi. Pune may also be reached in 2.5 hours by car from Navi Mumbai, since the Express Highway takes 20 minutes to reach Vashi and less than 5 minutes to reach Kharghar.
Vashi is located near Koparkhairane MHAPE IT Parks, MIDC Mhape, & Dhirubhai Ambani Knowledge City.
Navi Mumbai has advanced over the past nearly three decades thanks to its ongoing development. An increase in industrial and commercial infrastructure has led to a large number of job openings. Due to its affordability, people from other cities are selecting Navi Mumbai for both their place of job and their place to live. Thus, it’s now a well-liked location for real estate purchases or rentals.
With its ongoing growth in the business, industrial, and infrastructure sectors, Navi Mumbai has now made a name for itself by providing a whole lifestyle. As previously indicated, it provides convenient access to the necessities of life, excellent job possibilities, and extensive connection. For a fast weekend getaway, Khandala and Lonavala are just a 1-1.5-hour drive apart.
Navi Mumbai offers a wide range of real estate. There are a variety of possibilities available to you, including commercial and industrial property, flats, villas, and plots.
Property costs in Navi Mumbai differ depending on the area. When it comes to pricing, Panvel is the most reasonable and Vashi is the highest. One BHK in Vashi starts at ₹50 lacs, while a property in a desirable region can cost around a crore. In contrast, Karanjade in Panvel offers 1 BHK units starting at ₹25 lacs and 2 BHK units starting at ₹35 lacs.
A one-bedroom property can be rented for between ₹6,000 and ₹18,000, with the most expensive areas being Vashi prime neighbourhood and Karanjade, Panvel.
A strong return on investment (ROI) & a good opportunity
Additionally, one of the greatest places to invest is Navi Mumbai. One option would be to purchase real estate in the vicinity of major infrastructure projects like the Transharbour Link, the metro, or the International Airport. After these projects are finished, the value of the property will increase by thirty to forty percent.
Finally, Navi Mumbai is a hive of construction and infrastructure projects. It makes sense to think about purchasing a home in Navi Mumbai if you work there. Additionally, purchasing a house as an investment will ensure that you receive valued returns over the course of the following few years.
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