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  • June 30, 2020
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Resale Properties Most Favored in Kamothe, Navi Mumbai

Real Estate Market In Kamothe, Navi Mumbai

Among the rapidly developing micro-markets Of Navi Mumbai, Flats in Kamothe at the West remains a favorite selection of realty stakeholders on the rear of seamless connectivity, proximity to the upcoming international airport, and Central Mumbai and multitude of residential opportunities.

Real Estate Market In Kamothe, Navi Mumbai

The strategic location of this micro-market has acted as a key benefactor in its property development over the years. Presently, the locale is a hub of reputed property developers like Bhoomi, Parshavnath, Shapoorji Pallonji, Shivam, and Aansh, offering a lot of residential opportunities to individuals from all walks of life. Anyway, the industrial and commercial vulnerability from the Arabian pockets has also altered the realty dynamics at the mini-market

Real estate apartments in Kamothe

“Resale properties dominate the home Limited land parcels combined with decreased carpet size in recently constructed properties, 1 BHK Flat in kamothe shifted homebuyers’ focus on the secondary sector.

The locale contains 48 sectors, of which Sectors 25, 35 and 36 are sought-after due to the proximity to Khandeshwar railroad station that provides direct connectivity to Nerul, Sanpada, Ghansoli, Airoli, Vashi, Thane, and Panvel. Additionally, the sectors are systematically developed contrary to other industries, allowing more access to open space and natural sights.

Real Estate Market In Kamothe, Navi Mumbai

Commercial developments

District of Belapur (CBD Belapur) and is surrounded by Kharghar (11.7 km) from the North, Taloja (11.4) from the northeast, Kalamboli (6.2 km) from the East and Panvel (4 kilometers ) from the South. Nearness to key industrial and commercial nodes of town has offered immense popularity to the micro-market. The majority of the working professionals favor Kamothe owing to its smooth connectivity system and competitive property prices in comparison with locations mentioned previously.

Some of the noted IT parks situated within The radius of 17 km comprise BSEL Technology Park, Vishwaroop IT Park, and International InfoTech Park.

Resale properties most Favored in Kamothe, Navi Mumbai

Infrastructure and connectivity

Nearness to Sion-Panvel Highway (19 kilometers ), Buy Flats in Kamothe  Jawaharlal Nehru Port (JNPT) (30 kilometers ), Chhatrapati Shivaji International Airport (CSIA) (37 kilometers ), Panvel Bypass (14 kilometers ), Mumbai-Pune National Highway (55 kilometers ) and Khandeshwar Railway Station (5 km) unravels region’s hassle-free road, rail, air and water entrance.

Kamothe is a self-sufficient area with Exceptional selections available in academics, health care centers, and entertainment. Some of the schools that are documented in the micro-market comprise Shankarrao Chavan Vidyalaya, MNR School of Excellence and Indian Institute of Aerospace and Engineering. Various hospitals and malls which have added to the region’s eminence comprise Om Sai Hospital, Dr Patil’s Life Care Hospital, Apollo Nursing Home, Mahalaxmi Mall (Kamothe), Fountain Square Theater (Kharghar), and Raghuleela Mall (Vashi).

Future potential

“Average weighted property costs in Kamothe have reported that a 6-8 percent increase, YoY. In the last five decades, average land rates in the micro-market have soared from Rs 5,050 per sq ft to Rs 6,800 per sq ft, denoting approximately 35 percent increase in the average weighted capital rates.

Grow in future with the forthcoming Navi Mumbai International Airport (NMIA) Situated 14 kilometers from Kamothe. City project can be expected to alter the area’s property scenario and boost The average property costs to the tune of 15-20 percent.

 

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Disclaimer: The views of this expressed above are for informational purposes only based on the industry reports & related news stories. Navimumbaihouses.com does not guarantee the accuracy of this article, completeness, or reliability of the information & shall not be held responsible for any action taken based on the published information.
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