Top Ten Locations In Navi Mumbai Where You Should Invest?
Top Ten Locations : Shilphata, New Panvel, Ulwe, and Kharghar are some of the greatest regions to invest in Navi Mumbai because of their affordability and infrastructural upgrades. These localities saw rental yields of 2-5 percent and price increases of up to 20% year over year.
In Mumbai, the economic powerhouse, the possibility for big returns on real estate investment is nearly exhausted; nevertheless, Navi Mumbai, its neighbour, still offers enormous promise in this area. While housing prices are affordable in comparison to the financial capital, this sub-city does not skimp on quality of life, social facilities, or physical infrastructure. It’s possible that this is why Navi Mumbai attracts real estate investors from all over the world. The top ten locations to invest in Navi Mumbai are presented by navimumbaihouses.
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Top Ten Locations: New Panvel East, Navi Mumbai
Home prices are Rs 6,200 per square foot, with a rental yield of 4%.
New Panvel East is mostly a residential area in Navi Mumbai, with low, mid, and high-rise housing complexes that are inexpensive. The closeness to industrial locations such as Taloja MIDC and Jawahar Industrial Estate, as well as the future Navi Mumbai International Airport and strong access to Mumbai and Pune, contributed to a 16 percent YoY increase in property values. Property values in locations surrounding the planned Navi Mumbai International Airport are expected to gain significantly till the airport is formally inaugurated in 2023, Following that, prices are likely to rise steadily; so, now is an excellent moment to invest in the region.
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Top Ten Locations: Shilphata is a suburb in Navi Mumbai.
Home prices are Rs 7,650 per square foot, with a 3% rental income.
Shilphata’s strategic position at the intersection of NH-48 and Kalyan-Shilphata Road has resulted in highway-led real estate expansion. The residential construction in this area is mostly targeted at the low- and middle-income market. However, many government infrastructure projects, including as the Ghatkopar-Ghansoli Link Road, Airoli-Dombivali Tunnel Road, Kharghar-Kalyan Monorail, Kalyan-Shilphata Road development, and the forthcoming Airport in Navi Mumbai, are projected to help the area. Property values in the neighbourhood have already increased by more than 20% year over year. Apart from its vicinity to the commercial hubs of Airoli and Palava Experia, the rental demand has remained stable, with a 2 BHK property fetching Rs 13,500 per month.
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Top Ten Locations: Kalamboli is a Navi Mumbai suburb.
Home prices are Rs 8,200 per square foot, with a 3% rental income.
Sector 17 in Kalamboli is a major residential market located at the intersection of the Sion-Panvel Highway, NH-4, Panvel Bypass, NH-17, and Mumbai-Pune Expressway. It is a mid-segment neighbourhood with a lot of 2 and 3 bedroom homes. Employment prospects in the industrial sector with enterprises like Crimsenk Industries, Kalamboli Metal Industries, and Central Oil Industries supply the residential-rental demand in the area, which is a key centre for iron and steel delivery. Property values in Kalamboli have increased by about 6% year on year, and monthly rental rates start at roughly Rs 10,000.
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Top Ten Locations: Kharghar, Navi Mumbai
Home values- Rs 10,800/sq ft. Rental yield- 3%
On the Mumbai-Pune Highway, Kharghar is a well-planned neighbourhood. It is home to a multitude of developments, the most common of which are multistory flats. The area’s good road and rail connections, which includes the Mumbai Highway, Panvel Road (NH-48), and Kharghar Railway Station, has sparked housing demand, resulting in a 12% YoY increase in property values. Also under development is Phase 1 of the Navi Mumbai Metro Line 1 (Belapur-Kharghar-Taloja-Pendhar). It will be finished by December 2022, and with many stations planned in Khargar, the area’s connection will likely enhance much further. Central Business District (CBD) Belapur, Taloja Industrial Estate, Vashi, Kopar Khairane, Mahape, and Ghansoli are just a few of the important employment centres easily accessible from Kharghar.
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Top Ten Locations: Nerul, Navi Mumbai
Home prices are Rs 15,100 per square foot, with a rental yield of 4%.
Nerul is a new residential neighbourhood in Navi Mumbai. The neighbourhood includes Sanpada, Juinagar, Kharghar, Seawoods, and CBD Belapur, and is located along the Mumbai-Pune Highway. It includes flats and co-operative housing organisations, as well as horizontal and vertical residential constructions (CHS). Property prices in the neighbourhood have increased by 12% in the previous year, and two-bedroom apartments rent for roughly Rs 32,000 per month. Sanpada, Vashi, Kopar Khairane, and CBD Belapur are all important job marketplaces near Nerul.
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Top Ten Locations: Taloja, Navi Mumbai
Home prices are Rs 6,200 per square foot, with a rental yield of 7%.
Working professionals choose Taloja in Navi Mumbai for properties priced between Rs 30 lakh and Rs 50 lakh. MIDC is divided into two parts and provides a mix of inexpensive residential and industrial properties. Nevade, Tondhare, Devichapada, and Dongrepada are some of the important areas in the area. Taloja is also popular with renters due to the presence of industrial facilities and its closeness to commercial centres. Property values in the area have increased by 10% year over year.
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Top Ten Locations: Ulwe, Navi Mumbai
Home prices are Rs 8,650 per square foot, with a 2% rental return.
Ulwe, which is close to Panvel Creek, has become a popular residential area in Navi Mumbai. It provides easy access to popular destinations including as Panvel, Seawoods, CBD Belapur, Kharghar, Nerul, and Vashi. Ulwe is also an investor-driven location due to its closeness to job centres and the planned Navi Mumbai International Airport. The most popular arrangement in the neighbourhood is a one-bedroom apartment, with over 80% of searches in the last six months falling into this category. Ulwe property prices are at about Rs 8,650 per sq ft, up 10% year on year.
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Top Ten Locations: Koperkhairane, Navi Mumbai
Rental yield: 4% Home rate: Rs 11,000/sq foot
Ghansoli, Vashi, and the MIDC Industrial Area surround Koperkhairane, a well-established Navi Mumbai neighbourhood. CHS, multistory housing buildings, commercial office spaces, and industrial companies are all present in the area. The excellent road connection via Vashi-Koperkhairane Road, Ghansoli Flyover, Thane-Belapur Road, Pawne Flyover, and Palm Beach Road increases housing demand. Commercial centres like Airoli and Mahape are also within easy reach. All of these variables have resulted in a four percent increase in house prices in Koperkhairane year over year.
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Top Ten Locations: Kamothe, Navi Mumbai
Home prices are Rs 8,700 per square foot, with a rental yield of 4%.
The Mumbai-Pune Expressway runs through Kamothe, a residential neighbourhood. The future Navi Mumbai International Airport, which is around nine kilometres away, is the key demand generator in the area. A combination of low and mid-rise CHS and multistory apartments make up this residential complex. Property prices in Kamothe have risen by about 8% year on year, with monthly rental rates hovering at Rs 15,600.
“The Navi Mumbai Metro Line 1’s Phase 2 is expected to feature a station in Sector 10, Kamothe, drawing tenants from nearby large industrial parks such as Vishwaroop IT Park and Haware Fantasia Business Park.”
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Navi Mumbai’s Karanjade
Home prices are Rs 6,300 per square foot, with a rental yield of 3%.
Karanjade is a residential suburb on the outskirts of Navi Mumbai city, in the Panvel taluka. It is a hotspot for low-cost housing constructions in multi-story buildings, both finished and in the planning stages. Property prices have increased by nearly 7% year on year. A two-bedroom flat rents for roughly Rs 11,400 per month.
Karanjade’s housing demand has been spurred by its proximity to large industrial zones like as Panvel Industrial Estate and Jawahar Industrial Estate, as well as the under-construction Navi Mumbai International Airport.
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The future of real estate in Navi Mumbai is bright, given the numerous infrastructural projects now ongoing. Experts believe that investing in residential homes will yield higher profits. Before investing, however, homeowners should keep an eye on previous pricing patterns and conduct rigorous market research.
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