In the coming years, Navi Mumbai is all set to flaunt the signature of a model satellite city. The main point of advantage for Navi Mumbai is the fact that it is near Mumbai. The location seems lucrative for investments in property. Promoters, developers, buyers and builders have been investing in its infrastructural facilities.

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Availability and affordability

Property price in the prime areas of Mumbai are not in the reach of a common man. Purchasing and maintenance costs are too high that commoners are not able to afford. Therefore, the next line of choice is to invest in a location near to Mumbai. Navi Mumbai, with its connectivity as well as developmental focus has been attracting people in the middle income group. Many economical constructional projects are coming up in Navi Mumbai. In fact, you don’t have to break your bank to invest in residential projects in Navi Mumbai.

Moreover, the availability of civic and infrastructural amenities is of great importance. A large number of colleges, schools, and training institutes are in the pipeline. Besides, Navi Mumbai houses several malls, recreational centres and marketing complexes.

Well planned township

Navi Mumbai has an organized and neat look. Everywhere, there is proper focus on organization and planning. Traffic is smooth. A well planned network of roads has made conveyance easy. The extensive road set up makes smooth transit between places within the city possible. Also, the environment is pollution-free. Hence, if you want to be far from the madding crowd and live in an eco-friendly atmosphere, Navi Mumbai is your best bet.

Investing in residential projects in Navi Mumbai is certainly a lucrative choice as the price rates of residential units in this place is getting doubled and tripled year after year. Before considering a residential project, make sure you do sufficient research on the builder, location, land and property rates in the area, ROI, connectivity, quality of construction, availability of facilities and amenities, proximity of important spots and the like. Seal the deal if you are completely satisfied with the project.

Navi Mumbai, a gigantic settlement cum an extension of Mumbai has been one of the fastest developing locations in India and witnessing high realty development since a decade. The last 5 years in particular has witnessed tremendous growth in Navi Mumbai, thanks to the brisk infrastructural developments happening in the city along with the proposed construction of Navi Mumbai International Airport. All these initiatives have picked real estate pace in the region, while offering a plethora of residential apartments, independent houses and beautiful villas for sale in Navi Mumbai.

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A planned region by CIDCO, Navi Mumbai continues to showcase steady flow of residential investment from investors and real buyers, as this clean township offers a better quality of life to its dwellers while also promising a good ROI in return. With the developers having first-hand experience of getting sanctions for their projects without much delay, there is a feel good factor in Navi Mumbai’s realty market. In the current economic scenario were Mumbai property market is costlier and there being a dearth of good residential projects within an affordable range, the demand for property investment has peaked interest in Navi Mumbai. Seeing this growing demand, there is good supply of premium 1, 2, 3 BHK apartment flats and independent villas for sale in the city. Affordability and availability of variety of residential spaces in turn are generating genuine interest from consumers, thereby picking the momentum in Navi Mumbai’s realty market.

Despite planned and steady development, Navi Mumbai still has good parcels of land available and is sufficiently supported by improved physical infrastructure, civic amenities and human capital. Navi Mumbai offers good working opportunities in the form of IT companies and manufacturing industries, that makes it all the more alluring for working professionals to invest here. In addition to these, a number of infrastructural projects involving the development of expressway connecting Sion with Panvel, metro link, the railway network linking Nerul to Uran via Belapur, etc. will vastly improve connectivity in this region. All these projects are further attracting realty developers to exploit the realty market in this booming city and develop high-end and budgeted residential projects.

Understanding the fact that residential property in Navi Mumbai is nothing less than a gold mine, real estate developers are lining up to build a range of residential projects here. Besides, with the various proposals to develop Navi Mumbai, all eyes are fixed on the residential apartments for sale in Navi Mumbai.

Yet another reason for the rising demand of residential properties in this location is the unaffordable rates of houses in Mumbai as well as its suburbs. So, many property developers are launching affordable projects in Navi Mumbai with easy finance options for the working class.

Reports suggest that the residential market in Navi Mumbai has seen enormous growth in the past three years owing to the high rates of interest and the whopping prices of the residential units in Mumbai. Home buyers are now shifting their investment choice from the Mumbai City to Navi Mumbai as residential apartments in NaviMumbai are offered at modest rates.

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Developers are coming up with striking offers and schemes to flatter home buyers and boost their sales. Along with the residential segment, IT companies and various businesses are also establishing their base, eventually enjoying the boom of Navi Mumbai property. This proves that the city is all ready to become the next commercial hub.

Property in Navi Mumbai is not only attracting domestic investors, even NRIs are looking forward to do real estate investment as well. With the dollar appreciating in value, NRIs are eyeing on every possible opportunity for property investment in the city. With such sheer determination, they are seeking the help of various realty portals to spot a potential property in Navi Mumbai that gives good returns in the coming years. Ultimately, the demand for apartments in this city is on the rise. A good online realty portal will help you identify the best market and invest in potential apartments in Navi Mumbai which serve as good investment options.

The best part is that Navi Mumbai has the features for growth and expansion of different businesses, thereby making it the most preferred destination for business people as well. So, home buyers are waiting for the right moment to invest in a potential property in Navi Mumbai and consider it as a safe bet.

The real estate segment in Navi Mumbai was developed largely to help Mumbai cope up with the enormous pressures due to uncontrollable migration of numerous people to the city. Since Mumbai was not able to deal with this population explosion, the city was expanded, ultimately resulting in satellite cities of Mumbai. Well, Navi Mumbai and Thane were developed mainly to help the real estate sector of Mumbai.

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According to some people, Navi Mumbai is easily the “largest planned city in the entire world.” The city’s real estate has gained the attraction of some NRIs as well as real estate investors who are ready to invest in the city. Development of top notch projects has gained the attention of both local and foreign investors. NRIs view the depreciating value of rupee as a great opportunity to invest in both commercial and residential property in Navi Mumbai.

Owing to reduced prices and open spaces, many companies have shifted their offices and companies to Navi Mumbai and Thane. These satellite cities have become home to some ultra modern residential property, entertainment centers, IT Parks, SEZs, shopping centers, and the like.

In the past few years, the real estate market of India has really slowed down which has led to the decline of property prices in many cities; however, this trend is not seen in Thane and Navi Mumbai. Rates of houses for sale in Navi Mumbai have continued to escalate even when the real estate market has not performed as expected. Investors are interested in investing in both residential and commercial properties in Navi Mumbai since it is witnessing several promising developments such as SEZ, development of the International Airport, IT parks, upcoming Exhibition and Convention Centre and knowledge hub, etc.

Real estate in Navi Mumbai appeals to many people who cannot afford a costly property in Mumbai. House for sale in Navi Mumbai is affordable yet comfortable and spacious. You can find a property catering to any kind of budget in Navi Mumbai. From affordable housing to ultra luxurious properties, you can find all. All you should know is where to look and whom to contact.

The amazing transformation of Navi Mumbai from an ignored town to a hot spot of realty has taken many by surprise. Today, Navi Mumbai has emerged as one of the most affordable options for those who were looking for plots for sale. It is attracting some of the reputed developers and builders to construct their commercial and residential spaces here, and due to the demand, the rates have started appreciating. In several areas like Seawoods, Vashi, Roadpali, Uran, Sanpada, Palm Beach Road and Juinagar, the rates are already skyrocketing.  

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Of late, properties in Navi Mumbai came into limelight when a popular real estate enterprise proposed to build a 4000 acre township near Dombivili. Apart from that, another major development that took Navi Mumbai realty by storm was, when CIDCO offered to sell 5 plots for sale in Navi Mumbai for a whopping Rs. 266 crore. The sale took place in the prime areas, like, Ulwe and Khragar. Moreover, the construction of the International Airport (spread across 1160 hectares) is sure to take the realty market to the next level. Experts believe that the new airport will boost the real estate market in Navi Mumbai.

Currently, the prices of residential spaces in Navi Mumbai are in such a way that they fulfill the needs and budget of both the high income and middle income groups. However, the prices are steadily soaring. Still, one can find few budget localities where home buyers can still hold on to their hopes. 

Cost of 2 BHK flats in different areas of Navi Mumbai

New Panvel, Panvel and Karanjade are a few places wherein a 2 BHK apartment can be bought for less than Rs. 25 lakh. If the home buyer’s budget is between Rs. 25 and Rs. 35 lakh bracket, then the apt localities are Ulwe, Khargar, Dhronagiri and Kamothe. 

Buyers who prefer homes between Rs. 35 to Rs. 50 lakh segment, then, Ghansoli, Roadpali, Khandeshwar, Belapur, Kalamboli, Koperkhairane, Mahape, Uran, Juinagra, Nerul and Vashi are a good choice. Locations like, Palm Beach Road, Seawoods and Sanpada are very pricey in Navi Mumbai and a 2 BHK apartments in these areas start from Rs. 60 lakh goes up to Rs. 1 crore or more.

Investors and end-users who are eyeing to buy properties in Navi Mumbai, today they have many options to choose from. Generally, most of the people choose to buy apartment or flats that are already developed, but some may like to buy a plot and then construct home on it. Based on the prevalent prices of land in a specific locality, a buyer is likely to have many options. Well, let us have a look at the choices that Navi Mumbai has in store for buyers of residential property.

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If you are thinking of buying flats in Navi Mumbai, the area that provides a myriad of options is Belapur. Depending on the size of the flat, the prices may vary accordingly. If you are planning to buy a property at Parsik Hill located in Belapur, it is essential to know that the prices there are remarkably high compared to other localities. Another preferred locality to buy 4 BHK apartments in Navi Mumbai is Ulwe. Investing in flats in these areas will surely give high returns of investment. Another popular destination wherein you can look for 4 BHK apartments for sale in Navi Mumbai is New Panvel.

Taloja and Koparkhairana are other localities in Navi Mumbai, offering beautiful and comfy apartments in different ranges. Alright, whichever locality you choose to buy a property in Navi Mumbai, just make sure that you are doing some adequate amount of research before finalizing the deal. Hire the services of reputed and experienced realtors and make sure the developers have a clean track record. Get suggestions from trusted acquaintances like friends and family who have had similar experience. Surely, they will have stories to tell which will help you make a good decision.

You can make use of the abundant resources on the internet to get hold of the right realtor to buy the land or flat of your choice. You can verify the reputation of the builders by feedback and reviews given on related forums and discussion boards.

Act fast and make a smart investment in Navi Mumbai residential apartments. 

Well, it is a pretty obvious fact that the real estate prices as far as Mumbai is concerned has gone really out of reach for a common man. Don’t worry; there is a little hope for those Mumbaikars who are keen on buying a property at a budget-friendly price. A few affordable residential projects are cropping up, especially in the Navi Mumbai localities. 

Why consider buying residential units in Navi Mumbai?

There is good demand for affordable residential properties in the Navi Mumbai area. And, there are some factors that pull in people to this area. The major element is the infrastructure. Most importantly, there is good connectivity to Pune and Mumbai by rail and road from Navi Mumbai. Next, a number of proposed infrastructure projects have elevated the land value of the area. Yet another key reason why this area has fantasized people looking for a residential property is the presence of a myriad of employment generators like IT parks and SEZs in the locality. Needless to mention, most people seeking property in Navi Mumbai are part of the working class and Navi Mumbai based residential properties are Godsend for them. 

Popular localities in Navi Mumbai

In the past few years, Kamothe and Panvel have seen a surge in need for small housing units such as 1 BHK and 2 BHK apartments. When compared to residential properties in other suburbs in Mumbai, 2BHK flats in Navi Mumbai are much more affordable. This factor attracts scores of middle-income buyers to buy a budget-friendly property in Kamothe and Panvel. 

For those looking for 2 BHK flats for sale in Navi Mumbai, Kalamboli is one other area wherein they can find stylish, yet affordable flats. Several popular builders are launching innovative residential projects in this location, fulfilling the high need for 2 BHK units with all sorts of facilities and amenities. 

Highly beneficial small residential units

Experts suggest that both the increase in demand as well as sale of such smaller residential units is a complete win-win situation for not only buyers but for developers as well. Buyers get to own a superb 2 BHK unit that best fits their budget; builders are equally profited as they don’t have to bring down existing market rates.