Real Estate Investments in Navi Mumbai Maharashtra in 2023 Navi Mumbai is one of the most developed nodes of the Mumbai Metropolitan Region. It is also the commercial capital of Maharashtra, which contributes to its status as a prime destination for real estate investment. The city offers a perfect mix of developed infrastructure, quality of life, and access to commercial opportunities, making it an ideal location for both businesses and individuals.
Navi Mumbai has seen a steady rise in real estate prices in recent years, making it a lucrative investment destination for both domestic and foreign investors. The city offers a wide range of property options, from luxury apartments to affordable housing, making it a perfect destination for all types of investors.
Navi Mumbai is divided into North Navi Mumbai and South Navi Mumbai. North Navi Mumbai includes areas such as Airoli, Kopar Khairane, Ghansoli, and Vashi, while South Navi Mumbai comprises Nerul, Juinagar, Sanpada, and Belapur.
Making a real estate investment in Navi Mumbai is not only more affordable than in Mumbai but it is also considered to be a wiser investment. The Mumbai real estate market is at a saturation point, with prices for prime real estate reaching astronomical levels. This has led to a slowdown in the Mumbai real estate market, with prices for properties stagnating or even declining in some areas.
Here are the top 5 Real Estate Investments in Navi Mumbai in 2023:
Kharghar is one of the most developing neighborhoods in Navi Mumbai. In the past decade, the neighborhood has seen a boom in construction and development, with new residential and commercial complexes springing up all over. This has made Kharghar an exciting and vibrant place to live and work.
There are many reasons why Kharghar is such a desirable neighborhood. First of all, it is well-connected to the rest of Navi Mumbai, with good roads and public transportation. It also has a number of schools, hospitals, and other amenities. Plus, with the construction of the upcoming Metro line, Kharghar will be even more accessible.
Type of Property
– 2BHK – Rs. 8,222, Average rate per sqft
– 3BHK – Rs. 5,908, Average rate per sqft
Airoli is one of the most sought-after localities in Navi Mumbai. It is well-connected to all essential facilities and has a wide range of housing options to choose from.
The Airoli locality in Mumbai offers great connectivity to Thane and Mumbai. This is because Airoli is located on the Harbour Line of the Mumbai suburban railway, which offers direct access to Thane and Mumbai. Additionally, Airoli is also served by several bus routes which connect it to other parts of Mumbai.
Types of Property
– 2BHK – Rs.5,882, Average rate per sqft
– 3BHK – Rs.9,500, Average rate per sqft
Shilphata in Navi Mumbai is an upcoming locality with great potential. It is located at the intersection of three major highways, the Mumbai-Pune Expressway, the Sion-Panvel Highway and the Thane- Belapur Road. This makes it easily accessible from all parts of Mumbai.
The locality is also in close proximity to the proposed Navi Mumbai International Airport, which is expected to drive up prices in the area. Shilphata has all the makings of a sought-after residential destination and is expected to see a boom in the near future.
The Shilphata region of Navi Mumbai has been undergoing rapid development in recent years, making it an attractive investment destination for those looking to invest in Mumbai. The area is well-connected to the city centre and has a number of amenities that make it an ideal place to live and work.
Type of Property
– 2BHK – Rs.5488, Average rate per sqft
– 3BHK – Rs.5,900, Average rate per sqft
Taloja is a growing neighbourhood in Navi Mumbai that enjoys great connectivity. It is situated close to the Mumbai-Pune Expressway and the Taloja MIDC, making it an ideal location for those who commute to either of these places for work.
The neighbourhood is also well-connected to the rest of Navi Mumbai via a network of roads and highways. This makes Taloja a convenient place to live for those who have to travel around the city for work or leisure.
Navi Mumbai, Taloja is one of the fastest-growing areas in Mumbai and is attracting a lot of investment due to its affordability and infrastructure. The area is well-connected to the rest of the city and has a number of schools, colleges, and hospitals. Taloja is also home to a number of IT and manufacturing companies, making it a great option for those looking to invest in Mumbai.
Type of Property
– 2BHK – Rs.3,375, Average rate per sqft
– 3BHK – Rs.4,500, Average rate per sqft
Karanjade is a neighbourhood located in Navi Mumbai, Maharashtra, India. It is situated along the Kalundre and Kirki rivers. The area is served by the Navi Mumbai Municipal Transport (NMMT) bus network.
The Karanjade area in Mumbai has seen a lot of new development in recent years, with many new multi storey residential buildings springing up. This has made it a popular choice for those looking for an affordable option for investment purposes.
The area has a number of amenities and is well connected to the rest of the city, making it a good option for those looking to invest in Mumbai. However, as with any investment, there are certain risks involved and it is important to do your research before making a decision.
With the recent surge in property rates, Karanjade is a great locality for investors. The locality has good connectivity and infrastructure, making it a desirable location to live in. With the upcoming airport, the locality is expected to see a further increase in property rates, making it a great investment option for the future.
Type of Property
– 1BHK – Rs.5,584, Average rate per sqft
– 2BHK – Rs.5,747, Average rate per sqft