Navi Mumbai is known as one of the most upcoming locations in India. Navi Mumbai is known to have a large population providing ample opportunities for developers. The post outlines some of the best places to live, in Navi Mumbai.
Mumbai’s home landscape has made a specialty for itself inferable from the soaring property prices and the city busting at it’s seams. Therefore, several home buyers have moved their attention to other sectors as Navi Mumbai and Thane. In addition to the fact that they offer relatively affordable homes, a lot of developers are building complexes offering a way of life at par with that in Mumbai. Assuming that you are hoping to purchase a home in Navi Mumbai for self-use or even investment, you can consider areas like Ulwe, Dronagiri, Panvel, Kharghar, and Taloja. While Ulwe, Taloja, and Dronagiri are seeing new advancements from Category B and C developers, Kharghar and Panvel offer abundant new inventory from Category A real estate professionals.
Now, before getting into the list of best places to live in Navi Mumbai, let’s first understand the average property rates in the different areas of Navi Mumbai.
Average Property Rates in Posh Areas in Navi Mumbai
Some of the best places to invest in Navi Mumbai are Vashi, Nerul, and Belapur as these areas command higher property rates due to their strategic location, infrastructure, and amenities. The average property rates in these areas can range from INR 1 Crore to INR 5 Crores or more, depending on factors such as the size of the property, proximity to commercial hubs, and the presence of premium facilities like clubhouse, gymnasium, and landscaped gardens. Just like these areas in Navi Mumbai, property rates in posh areas can vary based on market conditions, demand-supply dynamics, and the specific location. Conducting thorough research and consulting with local real estate experts can provide a better understanding of the current property rates in these areas
Convenience Centres in Posh Areas in Navi Mumbai
One of the major factors that contribute to the demand and the rising cost of properties in Navi Mumbai are convenience centres. The best residential areas in Navi Mumbai, such as Vashi, Nerul, and Belapur, boast a range of convenience centres to cater to the needs of residents. These centres offer a plethora of amenities, including high-end retail stores, supermarkets, gourmet restaurants, cafes, fitness centres, and entertainment options. Residents can conveniently access daily necessities, luxury products, and recreational facilities within close proximity to their homes. These convenience centres enhance the overall lifestyle experience, providing convenience, comfort, and an upscale shopping and dining experience. They contribute to the allure of certain residential areas in Navi Mumbai, making them highly desirable places to reside for those seeking a luxurious and convenient lifestyle.
Here are some of the most expensive areas in Navi Mumbai:
Rather than the clogged areas of Mumbai, Panvel offers huge open land plots, making it a famous private focal point for home purchasers looking for a break from the rushing about of city life. The normal property costs in Panvel are roughly INR 6,200 for each sq ft. driving here is simple as the region has a wide rail route and street organization. Panvel is the doorway to the business centre of Vashi and Belapur. It has instructive foundations like Delhi Public School, DAV Public School, and Thakur Arts and Science College, and shopping centres like Mahalaxmi, Orion Mall, and K Mall.
Khargar is situated on the peripheries of Mumbai and is considered one of the most industrialized regions in Navi Mumbai. Principally a neighborhood, Kharghar offers a large group of business projects alongside a consistent social and actual framework that has contributed essentially to the area’s land development. It’s closeness to CBD Belapur, Sion-Panvel Highway, and Taloja MIDC, where different medium to limited scope businesses have set up their base, has brought about expanded lodging interest.
Taloja is considered one of the quickly developing locales of Navi Mumbai. The foundation here is laid by the City and Industrial Development Corporation (CIDCO) and Mumbai Metropolitan Region Development Authority (MMRDA). Home purchasers can purchase homes valued at around INR 5,700 per square foot. It’s location near the Old Mumbai-Pune Highway and National Highway (NH) 4, offers smooth admittance to Pune, Mumbai, and Thane. Furthermore, Taloja is near Kharghar CBD, which creates abundant work potential to open doors. The forthcoming Navi Mumbai International Airport and the proposed Navi Mumbai metro line Phase I (Belapur to Pendhar) and Phase 2 (Taloja to Khandeshwar) are relied upon to push capital costs later on.
The district is quickly rising nearby the Sion-Panvel Expressway and Mumbai-Pune Highway. It is likewise near-prime territories like Vashi, Palm Beach Road, and CBD Belapur. The area is extravagant with instructive organizations, medical clinics, sporting choices as well as office spaces. Specialists accept that the realty development of Ulwe is supported by different infrastructural projects including the impending Navi Mumbai International Airport, Uran rural rail organization (connecting the significant business centre points through quick vehicle framework), Seawoods-Ulwe Link, Sewri-NhavaSheva Trans Harbor Link, Ulwe Special Economic Zone (SEZ) and BemanDongri Railway Station (connecting to the Harbor Line). This is going to be one of the most sought after residential areas in Navi Mumbai in times to come.
The region offers housing options valued at around INR 5,700 for every sq ft. It seems like a sound investment considering the improvement of numerous infrastructural projects, for example, the Sewri-NhavaSheva Trans Harbor Link, Navi Mumbai International Airport, Palm Beach Road, and Pune Expressway. As far as availability, there are ship administrations beginning from Gateway of India to Dronagiri. Likewise, Dronagiri appreciates smooth access through National Highway (NH) 4B and State Highway (SH) 41. It is in the vicinity of Panvel, CBD Belapur, Uran, Jawaharlal Nehru Port Trust (JNPT), and JNPT Township and the under-development Nerul-Belapur-Uran rail organization. The improvement of business centre points, for example, the JNPT Multi-Product SEZ and Reliance SEZ gives a chance to earn a respectable rental pay from a property in Dronagiri.
Interest in the realty scene of Navi Mumbai is promoted to be positive since it is perhaps the most well-known area among home purchasers attributable to moderation, consistent network, and the presence of open positions.
If you’re looking to stay in the Navi Mumbai area, above are the best options!
1. Which neighbourhoods in Navi Mumbai are the finest and safest for living?
The finest and safest Navi Mumbai neighbourhoods include Vashi, Nerul and Kharghar. These places are considered top choices. These neighbourhoods offer excellent infrastructure, amenities, good connectivity and relatively low crime rates, providing residents with a secure and comfortable living environment.
2. Which area in Navi Mumbai is the best for investment?
When considering investment opportunities in Navi Mumbai, areas like Ulwe, Kharghar and Panvel are often regarded as the best areas in Navi Mumbai. These regions have witnessed significant development, offer good connectivity, and present potential for future growth, making them attractive options for real estate investment.
3. Which are the most expensive areas in Navi Mumbai?
In Navi Mumbai, some of the most expensive areas include Belapur, Palm Beach Road and Nerul. These localities are known for their premium properties, upscale amenities, proximity to commercial hubs, and scenic waterfront views, contributing to higher prices.
4. What is the future of Navi Mumbai?
The future of Navi Mumbai appears promising, with ongoing infrastructure projects, planned developments, and improving connectivity. As a well-planned satellite city, Navi Mumbai is expected to witness further growth, increased economic opportunities, and enhanced liveability, making it an attractive destination for residents and businesses alike.