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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| Image Courtesy: Net |
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.
