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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| Image Courtesy: Net |
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.
