A Compelling Real Estate Option Is Kharghar?
Compelling Real Estate Option is Kharghar- The three main pillars of conventional investment options are mutual funds, stock markets, and gold. The real estate industry has historically produced positive returns over the medium and long term, but the portfolio is currently facing challenges due to a significant inventory overhang in the ready & near-ready segments. Let’s position ourselves to take advantage of a reliable real estate investment opportunity in a micromarket that will logically benefit from a number of large-scale infrastructure developments and is purposefully design for plan migration, expansion, and commercial activity.
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Real estate has historically been impacted by both macroeconomic & microeconomic forces. While the trend is to de-risk investments and buy RTMI (Ready-To-Move-In) inventory, or commercial units. Grade-A residential real estate in pre-launch stage will adhere to the fundamental Indian bias towards buying real estate. It is likely that the remaining micro-markets, like Kharghar, which provide planned expansion in terms of PPP commitments & space, will spur a rise in real estate demand.
Infrastructure. the sole determining factor for real estate appreciation and absorption. This becomes crucial for the general economic growth of a whole micromarket, or occasionally even a whole region. Whether it be social or physical infrastructure. a few well-known instances.
Gurugram’s Golf Course Road:
The leader in the Indian real estate story has been Gurugram. Due to government policies, its strategic location close to the IGI Airport, its closeness to NH8. And the quick industrialization that began in the early 1980s, it has experienced significant expansion. Early in the 1980s saw a quick industrialization as well, beginning with a partnership between Maruti Udyog Ltd. and Suzuki Motors, Japan. Mega corporations including Hero MotoCorp, Zomato, PayTm, Coca-Cola, Ericsson, Sapient, Microsoft, Nestle, HP, and many more such well-known international brands call it home. It is home to more than 250 Fortune 500 enterprises, according to an estimate.
Businesses like DLF & Raheja have made investments and built a number of areas with mixed-use potential, like Golf Course Road. This specific region, which is close to the Cyber Hub & the Rapid Metro, stands out when it comes to the overall livability factor. A consistent, upward-pointing trendline has been explained by a succession of infrastructure booster doses. In the Gurugram micro market, prices per square foot rose dramatically during a two-year period (2010–2012), rising by a staggering 75%.
Hyderabad’s HiTEC City
HiTEC City, commonly known as Cyberabad, is one of the most sought-after neighbourhoods. And is situate adjacent to the upscale Jubilee Hills. Spread across 300 acres of land with plans to gradually build 4.5 million square feet of residential space and 11 million square feet of IT space.
Integrated township featuring cutting-edge facilities, including shopping centres, banks, cafeterias, and several housing colonies. The State Government has put a lot of effort into building modern infrastructure. Including a metro and monorail system, five-star hotels, good access to the roads, and luxurious apartments.
Being home to some of the top global companies like Google, Facebook, Microsoft, and Deloitte to name a few. This region has experienced a reverse brain drain as workers have returned from the Silicon Valley.
Mumbai Metropolitan Region, Thane
Today, the 147 sq. km. micromarket has developed into one of Mumbai’s well-established satellite cities. The growth of Thane’s physical, municipal, and social infrastructure has significantly increased demand for residences and real estate investments. And has over time provided considerable capital appreciation. In reality, the micro market had an influx of over 90,000 residential units in 2017.
Navi Mumbai
In a 2018 survey by the “Ministry of Housing & Urban Affairs,” Kharghar, the capital of Navi Mumbai, a planned megacity delivering a noticeably enhanced lifestyle, was placed second among “The Most Livable Cities in India.” It is well connected to every region of the city by a number of transit choices, and has beautiful hills on all sides & easy access to roadways. Numerous infrastructural initiatives foresee consistent and extraordinary appreciation and progress.
Kharghar is quickly becoming one of Navi Mumbai’s smart cities, largely due to its advantageous location. Even during rush hour, Kharghar is less than an hour’s drive from Mumbai because to its proximity to two main roads & the Central Business District of Belapur. Because of this, businesspeople and professionals from all around Mumbai can easily access it. With the arrival of the Navi Mumbai International Airport & the metro, the benefit is further enhanced, forging a powerful ecosystem.
In close proximity to Mumbai & Pune is the city of Kharghar. Many renowned real estate developers, both in the commercial and residential sectors. Have invested in Kharghar as a result of the land’s appealing prices and comparably low rents. The government agency responsible for developing Navi Mumbai, CIDCO (The City & Industrial Development Corporation of Maharashtra Ltd), also has plans to create a corporate business park at Kharghar that will span 140 hectares and be modelled after Mumbai’s premier commercial district, Bandra Kurla Complex (BKC).
Kharghar History
Kharghar’s growth story is on par with that of certain historically significant locations. Making it the likely next-largest Indian real estate success story. While Gurugram has long had the distinction of being the best of the lot. It has reached the point of saturation. Where portions of New Gurugram and others outside the Sohna ring are now popping up and moving further to the west.
Similar patterns can be seen in Thane, where the majority of its modern growth occurred vertically before moving farther towards Bhiwandi and enlarging into the MIDC and industrial belts. Thane is simply overpopulate, with infrastructure needs outpacing the city’s expanding population. Some areas of Hyderabad, such as HiTEC City, Madhapur, and Gachibowli, are steadily appreciating in value as a result of the presence of international corporations, including the Nanakramguda Financial District. Due to the little price deltas it has been seeing, it still has a way to go.
Kharghar, on the other hand, typically shows promise in terms of both growth and price. Kharghar has gained a bright outlook and a high liveability quotient for both investors and end users to regard this micro market as one of the most effective real estate possibilities because of the massive infrastructure initiatives and the lush & sustained surroundings of Kharghar.
The following are a few of the projects being considerS for the area:
The two-times-larger Navi Mumbai International Airport and NAINA (Navi Mumbai Airport Influence Notified Area). Generate 4 lakh opportunities for direct and indirect employment. The much-needed resurgence of sharp economic chances. And commercial expansion would be facilitate by NAINA (Navi Mumbai Airport Influence Notified Area).
Navi Mumbai Corporate Park:
The 1 lac people/day floating population would be created by the 345-acre Navi Mumbai Corporate Park, which was commissioned by CIDCO and is modelled after Bandra-Kurla Complex. greater need for residential & commercial real estate as a result.
Metro:
Kharghar, which will soon be operational, has seven metro stations within of it and is seamlessly connect to the rest of Mumbai.
Mumbai Trans-Harbour Link (MTHL Sea Link):
Sewri in Mumbai & Nhava Sheva on the mainland are connected by the 21.8 km long, freeway-grade Mumbai Trans-Harbour Link (MTHL Sea Link), which is currently under development.
Parsik Tunnel:
The Parsik Tunnel, a proposed 3 km, INR 3000 cr tunnel. Would link Turbhe Station and Kharghar’s Tata Hospital. would provide a direct connection from Kharghar to the world airport.
Virar-Alibaug Multimodal Corridor:
The 126-km long Virar-Alibaug Multimodal Corridor will run from Navghar. Which is close to Virar, to Alibaug, helping SMEs, other industrial towns, and MIDCs along the way.
Navi Mumbai Coastal Road:
The 9.3 km long Navi Mumbai Coastal Road. Which connects Kharghar and Belapur, was plan by CIDCO.
Central Park:
With more than 200 acres, Central Park is one of the biggest parks in Asia. Only in Kharghar is there a rare, uncrowded habitat.
Kharghar Valley Golf Course:
18-hole golf course in the Kharghar Valley, 11 of which are open for play.
Navi Mumbai Marina:
By 2021, Navi Mumbai Marina will be a world-class marina.
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