There has always been a rise in demand for real estate in the city of Mumbai. Living in the main city has its own charm, but many people like to live away from the hustle and bustle. People are moving to the suburban areas.
One of the popular locations is Navi Mumbai, the well-planned city as it is called. The area is larger and best connectivity to other centers of Thane, Panvel and Dombivali. There have been many residential projects that are coming up in Navi Mumbai. Moreover, the City and Industrial Development Corporation (CIDCO) has allotted 4750 acres of land to develop more residential units and offer better housing to accommodate more people who migrate from other cities and those who are looking for new homes in the greener part of the city. This land will be developed by government authority and only a part of it is given to the private builders.
Navi Mumbai has been attracting many people and one of the main reason is the new international airport that is coming up in Panvel. This has already resulted in boosting the real estate market in Navi Mumbai. Some of the popular areas where people are investing are Kharghar, Ghansoli and Koparkhairane. Though they are slightly expensive compared to the rest of Navi Mumbai. According to the recent trends, the realty prices on an average in Navi Mumbai is between Rs6000 and Rs8000 per sqft.
There are many affordable options available, especially in Airoli, Panvel, New Panvel and Roadpali. These are the best locations to invest and have the capacity to yield high returns in the future. The properties in Navi Mumbai are reasonably priced to target the middle-income group. This segment mainly likes to buy instruments for the long term and real estate is one of the best options.
Navi Mumbai is fulfilling the demand-supply gap by providing eco-friendly accommodation at affordable prices.
No comments:
Post a Comment