Taloja Is Next Emerging Area : Taloja in Navi Mumbai is on the rise, especially now that some hopeful initiatives in terms of connectivity are taking place. Taloja’s real estate market is predicted to improve more in the next years.

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Taloja is quickly becoming an important residential destination in Navi Mumbai, with Kharghar being its neighbouring community. The current City and Industrial Development Corporation of Maharashtra (CIDCO) development, which provides 24*7 electricity and water supply, as well as the construction of an overbridge to increase connection with Kharghar, has fueled real estate boom here. Other elements driving up capital values include the anticipated metro station, the imminent international airport, and low pricing. Experts anticipate that timely implementation of infrastructure projects will result in exponential rise in the capital values of Taloja properties over the next three years.

Taloja’s capital price trends

While the average property price in Taloja is approximately Rs 6,400 per sq ft, Kharghar, which is around 9 km distant, has capital values ranging from Rs 7,800 to Rs 9,200 per sq ft.

Property prices in Taloja are roughly half those in Kharghar, thanks to the presence of various small and large industrial businesses such as Deepak Fertilizers and Petrochemicals, Kellogg India, and Hindalco Industries Ltd. The bulk of the people that live here are working professionals who work in adjacent industry.

Connectivity and infrastructure

Taloja is located on National Highway (NH) 4 and has direct road access with the Sion-Panvel Highway, Panvel, and Dombivli-Kalyan, making it easy to commute to Mumbai, Pune, and Thane.

Taloja railway station serves the Vasai-Diva-Panvel Central Railway line. This route is currently served by three shuttle trains. Since the railway government designated the Vasai-Diva and Diva-Panvel parts of the Central Railway as suburban in 2019, extra infrastructure in the shape of escalators, adequate roofs over stations, and more trains are unavoidable.

The successful completion of Phase I of the Navi Mumbai Metro, which will run via Taloja station, would make people’s life simpler by greatly boosting connectivity. Phase II would also connect MIDC and Taloja to Khandeshwar.

Taloja Is Next Emerging Area : Amenities for socialising

Taloja was formerly a growing node, and inhabitants had to drive all the way to Panvel, Kharghar, or Thane for certain facilities. CIDCO’s efforts to build social infrastructure, on the other hand, have guaranteed that Taloja is now a self-sustaining hub with substantial social amenities like as schools, healthcare facilities, retail malls, and entertainment and leisure venues.

Taloja is adjacent to Kharghar’s central park and golf course. Taloja Station is five kilometres from the centre park. Kharghar is home to a few prestigious international schools that are connected by bus to Taloja. CIDCO’s planned cultural heritage centre is four kilometres from Taloja.

Taloja Is Next Emerging Area : Rental price

“Investors in the area also have the opportunity of cashing in on excellent rental returns.”  Rental rates in Taloja range between Rs 6,000-13,000 per month, depending on the property’s location, age, and amenities. A normal 1 BHK apartment costs approximately Rs 6,000 per month, a 2 BHK costs roughly Rs 8,500 per month, and a 3 BHK costs nearly Rs 11,500 per month.”

Taloja Is Next Emerging Area : Popular residential developments

In addition to being a desirable location for private developers, Taloja is also the site of CIDCO’s affordable housing construction. Under the CIDCO Lottery Scheme 2019, low-cost houses in Sectors 21, 22, 27, 34, 36, and 37 have been allocated to homeowners from the Economically Weaker Section (EWS) and Lower Income Group (LIG). As part of the CIDCO Lottery Scheme 2020, more affordable housing will be built in Taloja.

Taloja Is Next Emerging Area : Potential for investment

Despite the present recession in the real estate industry, house prices in Taloja have been steadily rising. According to the navimumbaihouses.com. Mumbai Insite Report, the area had one percent quarterly capital increase between July and September 2019 and October and December 2019.

With the impending Navi Mumbai International Airport, the Navi Mumbai Metro, and several other infrastructure development projects being executed by CIDCO, Taloja’s real estate market is projected to receive a significant facelift.

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