Navi-Mumbai – one of the top-performing cities in 2019 from real estate demand perspective. Navi Mumbai is witnessing healthy real estate activity attracting end user demand, backed by big infrastructure projects like Navi Mumbai International Airport, Navi Mumbai Metro, and Mumbai Trans Harbour Link. According to PropIndex, the Residential report recently released by Magicbricks Research, Panvel, Kharghar, Vashi, Airoli, Kamothe, Nerul, Taloja, Ulwe, Seawoods, and Belapur are the top 10 most searched localities in Q4 2019.
Check out all localities in Navi Mumbai.
Panvel is the most preferred location of buyers searching for homes in Navi Mumbai. The locality includes areas such as Panvel East, Panvel West, New Panvel, Khanda Colony, Karanjade, Adai, Chipale, and area along the Mumbai-Pune Expressway. The capital values in Panvel range from INR 4,230 – 9,850 per sqft. Proximity to the upcoming Navi Mumbai International Airport, coupled with other planned infrastructure projects such as Navi Mumbai Airport Influenced Notified Area (NAINA), Trans Harbour Link, etc., and excellent connectivity to Mumbai city, are some of the major factors driving the real estate market in Panvel.
Vashi, one of the two gateways to Navi Mumbai, is also one of the most expensive and well developed locality in Navi Mumbai, with adequate infrastructure comprising of schools, hospitals, banks, hotels, restaurants, malls and commercial spaces. The Vashi locality includes areas of Vashi, Turbhe, and Kopar Khairane. The capital values in Vashi range from INR 8,580 – 17,940 per sqft. Various companies including IT/ITeS, BPO, KPO, banks, chemical, industrial manufacturing, and others operate offices in Vashi, thus, making it an ideal choice of employees for home buying.
Airoli boasts of a wide range of affordable to premium apartments, catering to home buyers in every budget segment. Airoli has a good social infrastructure of schools and colleges, hospitals, restaurants, markets, and parks. It is also well connected to Thane and Mumbai, through Thane- Belapur road, and the Mumbai Suburban Railway. Besides, proximity to major employment hubs such as Mindspace Technology Park, Airoli Knowledge Park, Reliable Tech Park, TTC Industrial Area, and a few MIDC Industrial areas, makes Airoli a favourable destination for home buyers. The Airoli locality includes areas of Airoli, Rabale, and Ghansoli. The capital values in Airoli range from INR 9,300 – 14,080 per sqft.