Prices of Property in Navi Mumbai Undergoing Escalation Lately

Navi Mumbai Property at Makaan.com

While realty market is facing a crunch in most of the cities, developers are busy rolling out high-end projects in some of them. Navi Mumbai is one such locality that is seeing larger-than-life residential and commercial project lately. Though a large chunk of population in the city is not affluent enough to buy such pricey properties, yet certain section has accumulated enough wealth for themselves. So, the demand for ultra modern and spacious apartments comes from this class. The prices are soaring like anything in the city. A few localities like Kamothe, Ulwe, Panvel, and Ghansoli are still within the reach of middle segment, others like Palm Beach Road and Seawoods have skyrocketing prices.

A 2 BHK property in Navi Mumbai comes within 15 lacs to 2 crore range. To buy a two-room apartment in localities within an affordable price tag, go for Kamothe, Ulwe, and Panvel , as the starting prices in them start anywhere between 15-30 lacs. The upper range, though, can be up to crores. For properties above 30 lacs, Belapur, Vashi, Airoli, Nerul, and Roadpali can be the right options. Both Seawods and Palm Beach Road are categorized as very expensive localities, only afforded by the affluent segment. The two-room apartment at Palm Beach comes in 98 lacs-2 crore range, while at Seawoods, such an apartment is available at relatively lower 60-65 lacs rate.

What would add to the hiking prices are the latest developments in the city. One such project with phenomenal significance is the new airport at Navi Mumbai. For its construction, land worth crores has been acquired from PAPs(Project Affected People). So far, airport project has succeeded in adding land worth 10,000 crores to the realty market. All-new Navi Mumbai properties for such people shall now be developed in a colony that is to be named as Pushpak Nagar. This would be constructed near Panvel, and as it would be close to the proposed airport, it would draw a large number of inquiries from residential market.

Look for high-end residential property in Navi Mumbai over the real estate portal, Makaan.com. Buy, sell, and rent Navi Mumbai properties available in different budget range, in different parts of the city.