Property in Navi Mumbai to be Benefited by Infrastructural Projects

Navi Mumbai property at Makaan.com

Mind buying a real estate in Navi Mumbai? The city has already got tagged as being the top 6 most preferred locations in India and with several mega commercial projects coming on the scene, it can  easily be seen as the center of attraction for both bigwigs and common buyers. One of the fixins that have worked in its favor is the presence of affordable Indian real estate market. As per the analysis done by JLL(Jones lang LaSalle), the market trends shall continue in its favor and prices would continue to appreciate in the years to come.

Let's talk of Ulwe, a locality known for its planned structures and an upcoming airport project. Though the airport project is suffering from setbacks, yet when it comes into being, it shall relieve a big part of air traffic. Then, there is another project called Seawood-Uran rail network that is going to give a boost to the connectivity to other places. It is due to the bright prospects that the city carries with it in terms of infrastructural development that it is a much sought-after localities for buying flats in Navi Mumbai. Another favorable factor is affordability in terms of property prices. In July 2013, the rate/ sq. ft was Rs. 4663, much lower as compared to localities like Nerul and Seawoods.

A few other enterprises by some leading companies have been rolled out in the city. One such is by Cognizant Technology: A 23000 sq. ft. space to be used as office is coming up in Airoli. RIL(Reliance Industries) is considering relocation of its present office in Mumbai to Ghansoli. IBM   has proposed to start a work recovery center. These projects are going to give properties in Navi Mumbai a further boost. Considering this, it would be a good idea to entrust money into real estate investment here. In the last one year, the prices rates have appreciated by about 6%.

In localities like Nerul, Seawoods, and Ghansoli, the rates are quiet high. Occupied mainly by affluent population, Nerul and Seawoods-Darave together form the costliest places to live in Navi Mumbai. Theses localities owe their high rates to the planned constructions and good infrastructure. The price rate in Nerul this July was Rs. 9471 psf while in Seawoods, it was 8880/-. It is followed by Ghansoli  (Rs. 7368) and Khargar (Rs. 6499).

To locate properties in Navi Mumbai and other Indian cities, search our website Makaan.com. The portal lists properties like apartments, villas, lands, warehouses, and office spaces to be used by different types of users. The properties can be searched on the basis of their location, prices, age of construction, and amenities provided.