Investment Hotspots In Navi Mumbai : Suburbs such as Shilphata, Roadpali, and Karanjade have emerged as some of Navi Mumbai’s fastest developing investment hotspots, thanks to improved road connectivity and the construction of new metro lines. Home values in these areas have risen by up to 20% year on year, averaging Rs 8,000 per sq ft.

Because of skyrocketing property prices and limited land for new developments, Mumbai’s residential landscape has created a niche. As a result, many homebuyers have shifted their focus to Navi Mumbai’s comparatively affordable residential market. It not only provides reasonably priced housing but also a lifestyle comparable to that of Mumbai. If you want to buy a flat for yourself or as an investment, here are the 10 fastest growing investment hotspots in Navi Mumbai.

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Shilphata

Shilphata is a rapidly growing neighbourhood located at the intersection of Kalyan-Shilphata Road and National Highway (NH)-48. This strategic positioning has allowed it to increase its prices by more than 20% in the last year. The current average home value is around Rs 7,650 per square foot. Upcoming infrastructure developments, such as the Ghatkopar-Ghansoli Link Road, the Airoli-Dombivali Tunnel Road, and the Kharghar-Kalyan Monorail, as well as the upcoming Airport in Navi Mumbai, are expected to accelerate real estate growth and property prices in the area. Shilphata’s rental market is influenced by its proximity to the commercial hubs of Airoli and Palava Experia. Two-bedroom apartments account for a sizable portion of the total inventory for sale and rent in Shilphata.

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Taloja from Navi Mumbai

Taloja, located off the Old Mumbai Highway (NH-4), is a well-planned locality by Maharashtra’s City and Industrial Development Corporation (CIDCO). It is divided into two phases, each of which offers a mix of affordable housing and industrial establishments. While Taloja Panchnand Railway Station serves the area, Mumbai International Airport is about 45 kilometres away.  The Taloja Metro Station on Line 12 has been proposed by the government, which will improve connectivity in the area. Konnark Realtors, Abode Developers, and Eankay Homes Ltd are among the leading developers in Taloja. Property prices in Taloja have risen by more than 10% in a year, currently standing at Rs 6,150 per sq ft.

Navi Mumbai, Karanjade

Karanjade is a residential area with easy access to Panvel and Navi Mumbai via the Mumbai-Pune Highway (NH-48). It is a low-cost housing hub with multi-story apartments in gated communities. Home values in this Navi Mumbai node have increased by approximately 7% year on year, averaging Rs 6,350 per sq ft.

Factors like proximity to Panvel town, industrial areas like Jawahar Industrial Estate and Panvel Industrial Estate, and the upcoming Navi Mumbai International Airport have all contributed to its real estate growth. Furthermore, the Panvel Harbour Line railway station is only three kilometres away. Monthly rent for a 2 BHK flat in Karanjade is around Rs 11,400.

Kalamboli

Kalamboli, a mid-segment locality with primarily 2 BHK and 3 BHK housing units priced at Rs 8,150 per sq ft, is located at the intersection of the Sion-Panvel Highway, NH-4, Panvel Bypass, NH-17, and Mumbai-Pune Expressway. “Popular residential market offering excellent connectivity.” It is only five kilometres from Taloja MIDC and ten kilometres from Belapur CBD. Upcoming developments in and around the suburb include Navi Mumbai Metro Line 1 (Phase II) metro stations at 2E, 7E, and 13, Navi Mumbai International Airport (11 km), and a proposed Navi Mumbai Special Economic Zone (SEZ). While current rents for a two-bedroom unit start at Rs 10,000 per month, these are expected to rise as housing demand rises.

Social infrastructure around the top Navi Mumbai suburbs

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Navi Mumbai’s Khanda Colony

Khanda Colony is a self-sufficient neighbourhood located two kilometres from Industrial Area, three kilometres from Panvel Junction, and thirteen kilometres from Belapur CBD. The JNPT Bypass, Sion-Panvel Highway, and NH-4 provide easy access to important areas. The upcoming Kharghar Sector 14 Metro Station is only seven kilometres away, and the CSMT-Panvel fast corridor and Virar-Panvel Railway Corridor will also improve last-mile connectivity. Khanda Colony property prices are currently around Rs 9,750 per sq ft, with a five percent YoY increase. Homebuyers will find plenty of 1 BHK/1K units and 2 BHK flats here.

Panvel

Panvel is a developing neighbourhood with plenty of available inventory in the mid-income housing segment. It has excellent road access via the Sion-Panvel Highway, NH-48, NH-66, and JNPT Road. Property prices in Panvel have increased by 5% year on year, averaging around Rs 8,150 per sq ft. “Panvel is set to become the next railway hub in Navi Mumbai.” “As more than ten new trains will soon operate from Panvel Terminus.” Furthermore, the upcoming CST-Panvel elevated rail corridor project will reduce travel time between Mumbai and Navi Mumbai significantly.”

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Koperkhairane

Koperkhairane has multi-story residential apartments, industrial units, and commercial office space. Ghansoli, Vashi, and MIDC Industrial Area surround it, and it has excellent connectivity via Vashi-Koperkhairane Road, Ghansoli Flyover, Thane-Belapur Road, Pawne Flyover, and Palm Beach Road. Housing units in the suburb are priced at around Rs 12,650 per sq ft, up 4% year on year.

The proposed Vikhroli-Koperkhairane Line Road, a 7.5-kilometer freeway bridge connecting Mumbai and Navi Mumbai. Reliance Realty has also proposed building a 30 million square foot fintech hub in the Dhirubhai Ambani Knowledge City in Koperkhairane, which will increase rental demand in the area.

Kamothe

Kamothe is a neighbourhood near the Mumbai-Pune Expressway that offers houses for around Rs 8,650 per square foot. The upcoming Navi Mumbai International Airport is only nine kilometres away, which has contributed to an annual price increase of nearly four percent. Rental rates for two-bedroom apartments in this area are around Rs 15,500 per month.

“The proposed Phase 2 of the Navi Mumbai Metro Line 1 will have a station at Sector 10, Kamothe.” This is expected to increase demand for tenancy from professionals working in nearby corporate parks such as Vishwaroop IT Park and Haware Fantasia Business Park.” Footpaths, gardens, storm water drains, and sewer lines are among the infrastructure improvements planned.

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Navi Mumbai, Roadpali

Roadpali is a reasonably priced neighbourhood with good infrastructure and well-connected roads. It is only five kilometres from the railway stations, Khandeshwar, Mansarovar, and Kharghar. The residential inventory in Roadpali caters to people working in the Belapur CBD, which is located 10 kilometres away. While property prices in Mumbai average around Rs 8,200 per sq ft, monthly rentals for a two-bedroom apartment start around Rs 15,000.

New Panvel

New Panvel, which is three kilometres from Industrial Area and about 15 kilometres from Belapur CBD, benefits from lower buying and renting prices. Property prices in this area range between Rs 8,100 and Rs 13,000 per month for a two-bedroom apartment.

The area has a well-planned and wide arterial road network that provides easy access to Badlapur, Dombivli, Dadar, Kalyan, and Thane. The nearest metro station will be CIDCO Science Park on the upcoming Navi Mumbai Metro Line 1.

With numerous proposed developments, it is expected that investment in Navi Mumbai suburbs will yield higher returns. However, before putting their money into the residential market, end-users and investors should conduct extensive market research.

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