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Saturday, 11 October 2014

Residential Properties in Navi Mumbai

Earlier, Navi Mumbai properties were bought by all those who could afford a property in Mumbai. The satellite city of Mumbai was developed in order to handle population migration. Navi Mumbai property was the saving grace for any seeker planning to buy a property in the financial hub of India. But like any other area Navi Mumbai too have seen a steep rise in property prices in the last few years.

Renewed interest from NRI's, development of infrastructure, broad roads, has attracted several people to shift their commercial properties to Navi Mumbai. Navi Mumbai properties for sale are available for much lower rentals and therefore several corporate companies are keen to shift to the city. Many people who had invested in Navi Mumbai properties some years ago have reaped huge benefits. Some people have also seen a double digit ROI. Some people had also invested in Navi Mumbai property to get a decent rental income. But with inflation and lack of space in Mumbai- Navi Mumbai is also witnessing lack of real estate space, which means the prices of Navi Mumbai property have escalated.  

Real estate investors are displaying a keen interest to invest in commercial and residential Navi Mumbai properties as the satellite city of Mumbai is witnessing some confounding developments such as development of IT parks, up-coming spacious knowledge hubs, Exhibition and Convention Centre, announcement of Navi Mumbai International Airport, SEZ, etc. Already this city is considered as a center for the steel market.

Property in Navi Mumbai attracts many as several people who are not able to buy a property in Mumbai are able to buy spacious property in the city. In the satellite city of Mumbai one can find properties in Navi Mumbai that fit into everyone's budget. From premium properties in Navi Mumbai to mid-segment housing; every person will be able to search for a suitable Navi Mumbai property for himself

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