Taloja Rises as The Next Large Navi Mumbai Residential Center
Taloja in Navi Mumbai is on a downward trajectory, in particular following the promising local developments. Taloja’s real estate is expected to improve further with problems such as power and water supply and poor infrastructure being tackled by the local government.
img1: Residential Projects in Taloja
Taloja is fast becoming an important residential destination for residents, with Kharghar as its neighborhood locality. Under Construction Projects in taloja the latest news from Maharashtra’s City or Industrial Development Corporation (CIDCO) providing 24 * 7 power and water supply, the development of a bridge over connecting it to Kharghar has propelled growth here. Certain considerations leading to an increase in capital values are planned metro station, eventual International Airport and relatively affordable costs.
Experts believe that the thorough introduction of infrastructure projects in the next three years would lead to exponential growth in Taloja’s capital values. In addition, the ambitious plan by CIDCO to provide adequate power and water supply also appear to lead to positive traction of real estate here.
The tendency of stock values:
While Taloja’s average property prices are around Rs 4,600 – 5,300 per square ft, Kharghar, located about 9 km away, has capital values in the Rs 7,800 – 9,200 per square ft.
Characteristics such as the availability of properties at nearly half the price of those in Kharghar as well as the existence of several small and large factories such as Deepak Fertilizers or Petrochemicals, BEL, General mills India and the Hindalco Factories Ltd plant have drawn concrete buyer demand to Taloja. Most residents who live here are professionals who work in some of these industries.
Connectivity and Infrastructure in taloja:
Located on National Highway (NH) 4, Taloja has a direct road connection to the Sion, Panvel Highway, Panvel, and Dombivli, Kalyan which makes it quite convenient to travel to Mumbai, Pune, and Thane. Taloja is a practical railway station on a central railway line between Vasai and Diva and Panvel. Three shuttle trains are currently traveling this route.
After the railway ministry permanently notified Central Railway sections of Vasai-Diva and Diva-Panvel as affluent sections in 2019, greater infrastructure in the form of escalators, full shed covers over platforms and more trains are inevitable in-store. The construction of the Navi Mumbai Metro Phase I between Belapur and Pendhar, which will go through Taloja station, would make people’s lives easier.
img2 Taloja Rises as The Next Large Navi Mumbai Residential Center
Social amenities in taloja:
Taloja once was a growing hub, and the people traveled all the way to Panvel, Kharghar or Thane for all the basic amenities. CIDCO’s efforts to increase the infrastructure have, however, proved that Taloja is now a self-sustaining node with robust social facilities such as schools, medical services, shopping, leisure, and recreation.
Taloja is situated very close to the Kharghar central park and golf course. Five kilometers from Taloja Station will be the central park. Kharghar had some renowned international schools which are connected to Taloja by bus. The cultural heritage center is a four-kilometer drive from Taloja, which is designed by CIDCO.
Price for Rent in taloja:
Local investors also have the option to cash in on the safe rental income. Rental values in Taloja zone between 6,000-13,000 rs per month based on the location of the property, its age, and amenities. A regular 1BHK apartment/Flat is available for 6,000 Rs per month, 8,500 Rs per month for 2BHK and 11,500 Rs per month for 3BHK.
Popular Residential projects in taloja:
Besides being a favored area for private developers for the construction of housing units, Taloja is also the home court for CIDCO’s development of affordable homes. Under the 2019 CIDCO lottery scheme, low-cost homes were allocated in Sectors 21, 22, 27, 34, 36 and 37 to EWS and LIG homebuyers. Construction of more affordable homes in Taloja is underway as part of the 2020 CIDCO Lottery Scheme.
|Kamdhenu Gardenia||Kamdhenu Builders||1 BHK, 1.5 BHK, 2 BHK||₹ 38.82Lacs -₹41.50 Lacs – ₹ 47.38 Lacs||2020|
|Lodha Crown||Prism Heights||1 BHK, 2 BHK||₹ 27.54 Lac – ₹ 39.99 Lac||2023|
|Safayer in Taloja||Arkan Developers||1 BHK, 2 BHK||₹ 29.54 Lac – ₹ 47.25 Lac||2022|
|Arihant Anshula||Arihant superstructures LTD||1 BHK, 2 BHK, 3 BHK||
₹ 37.00Lac – ₹ 49.00Lac – ₹ 72.00Lac
|Classic Tower||Dhiwisha Realty||1 BHK, 2 BHK||₹ 36.03Lac – ₹ 59.68Lac||Ready Project|
Source: navimumbaihouses.com listings
Potential investment in taloja:
The property prices in Taloja have seen steady growth in the current scenario of a slowdown in the real estate market. The locality experienced a marginal one percent monthly capital growth between Jul-Sep 2019 and Oct-Dec 2019, according to navimumbaihouses.com Insite Report.
Taloja is expected to see a considerable facelift with the coming Navi Mumbai International Airport, the Navi Mumbai Metro and various other CIDCO infrastructure development projects.
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