Being a small town, Neral today boasts of a township offering all amenities to its residents. In the last decade, Neral has undergone a significant change and is now a developing city.
Residential townships in the region have substantial housing options. It has hospitals, schools and social infrastructure, making it one of the fastest developing districts for premium and luxury housing.
The proposed infrastructure projects, such as the Neral-Dasturi Road, Naka-Matheran Road, and the development of the Badlapur-Karjat Road into a four-lane highway, are expected to boost Neral’s real estate development. Karjat-Murbad road is also to be developed as part of Virar – Murbad – Karjat – Khopoli – Alibag Outer Ring Road.
The state highway connects Neral to areas like Karjat, Badlapur and Panvel while National Highway-4 is accessible only by highway. The area has better access via Panvel and is a route most people take while traveling to this residential area from Mumbai.
Rental prices in Neral are expected to rise once the mega infrastructure projects initiated by the government of Maharashtra, become operational.
Neral and its surrounding areas have several schools, colleges as well as other institutes of higher education such as engineering, medical and pharma colleges as well as some specialized training centers. Some of the popular educational institutions in this area are AICAR School, VY Kothari English, Veeracharya Technical Institute, Dilkap College of Engineering, to name a few.
If you plan to buy property near Mumbai and do not have a lot of money to invest, Neral can be considered as one of the affordable and best investment option in real estate. Keeping the infrastructure in the pipeline, the area also throws up some good prospects of future rental yields.