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.
 |
| Image Source:Net |
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.
