Demand for Small Residential Units in Navi Mumbai on a Surge

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.