Taloja Is Emerging As Navi Mumbai’s Next Residential Hub

Taloja Next Residential Hub: 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.

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 factors driving up home demand are the future metro stations along Mumbai Metro Line 12 and Navi Mumbai Metro Line 1, the imminent international airport, and low costs. Experts anticipate that timely implementation of infrastructure projects would result in exponential rise in the values of Taloja properties in the near future.

 


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Taloja’s capital price trends

While the average property price in Taloja is approximately Rs 6,150 per sq ft, Kharghar, which is around nine kilometres distant, has capital values ranging from Rs 9,000-11,000 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 along National Highway 4 and has direct road access with the Sion-Panvel Highway, Panvel, and Dombivli-Kalyan, making commuting to Mumbai, Pune, and Thane very simple.

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 Next Residential Hub: 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 improve social infrastructure, on the other hand, have guaranteed that Taloja is now a self-sustaining node with substantial social amenities such as schools, healthcare facilities, commercial centres, and entertainment and leisure outlets.

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.

Rental price.”Investors in the area also have the opportunity of cashing in on excellent rental returns,”  Navi Mumbai. Rental rates in Taloja range between Rs 6,000 and Rs 40,000 per month, depending on the specific location and care of the property, and are determined by the property’s location, age, and amenities. A normal 1 BHK apartment costs approximately Rs 6,000 per month, a 2 BHK costs around Rs 9,000 per month, and a 3 BHK costs roughly Rs 15,000 per month.”

 

Taloja Is Emerging As Navi Mumbai's Next Residential Hub.

 

Taloja Next Residential Hub: Popular residential developments

In addition to being a desirable location for private developers, Taloja is also the site of CIDCO’s affordable housing construction. Low-cost houses have been allocated to purchasers from the Economically Weaker Section (EWS) and Lower Income Group (LIG) in Sectors 21, 22, 27, 34, 36, and 37 under the CIDCO Lottery Scheme 2022.

 

Name of the project

Name of the developer

BHK configuration

Price

Possession

Kamdhenu Gardenia

Kamdhenu Builders and Developers

1BHK, 2BHK

Rs. 33.6 Lakh-Rs 43.9 Lakh

Ready to move

Lodha Crown

Prism Heights

1BHK, 2BHK

Rs. 34.75 Lakh – 40.94 Lakh

Jul-23

Neelkanth Luxuria

Neelkanth Group

1BHK, 2BHK

Rs. 38.61 Lakh – 60.75 Lakh

Dec-24

Arihant Anshula

Arihant Developers

1BHK, 2BHK, 3BHK

Rs 38 Lakh-Rs 52 Lakh

Ready to move

 

Taloja Next Residential Hub : Potential for investment

Despite the present recession in the real estate industry, house prices in Taloja have been steadily rising. According to navimumbaihouses.com, the neighbourhood has seen consistent rises over the previous five years. While the five-year hike is 33%, the three-year hike and one-year hike are both somewhat more than 10%.

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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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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