Navi Mumbai has now become a symbol of planned life. With the advent of many private sector companies and CIDCO, the way Navi Mumbai is designed as a city is unlike any other. Investing in a property in Navi Mumbai is a reliable option for real estate investors. Here we share some factors which make Navi Mumbai different from other parts of Mumbai.
Navi Mumbai has more green cover than other parts of Mumbai. The climate here is much better than other places in Mumbai.
Everyone knows the story of Mumbai’s roads and pits. This is not the case with Navi Mumbai roads. Roads in Navi Mumbai are wide and well maintained. The Palm Beach road in Navi Mumbai is the most scenic route for a drive.
- Less pollution:
The number of factories in Navi Mumbai is small. It is therefore the most sought-after place for families wishing to live in a less polluting place.
- Low Population:
Navi Mumbai is not overcrowded like other places in Mumbai. The less crowded the city, the better.
Property demand in Navi Mumbai has increased. This is because it provides planned living, state of the art infrastructure, and lots of land space. This is why Navi Mumbai is an ideal destination for real estate investment.
- Progressive Infrastructure
The announcement of Navi Mumbai International Airport has brought immense popularity to Navi Mumbai. This is a major reason why there is a demand for real estate in Navi Mumbai. The proposed Mumbai Trans-Harbor Link, also known as the Sewri Nhava Sheva Trans Harbor Link, is a freeway bridge that will connect Navi Mumbai to other parts of Mumbai. Many such infrastructural developments in Navi Mumbai will change the face of the city.
- Sufficient employment opportunities
Navi Mumbai is already an IT hub and is on track for rapid growth in the future. Many private sector companies like L&T, Infosys, Reliance, have their headquarters, and back-office here. Establishments such as MindSpace in Vashi, Millennium Business Park in Mahape, CBD Belapur Railway Station Complex Building, World Trade Center in Juinagar are among the many commercial locations in Navi Mumbai. Therefore, employment aspects are more.
- Commercial Real Estate Promise
Commercial real estate in Navi Mumbai is on the rise. Plenty of office space is available. With competitive rental rates, demand for them is also increasing.
- Planned life and connectivity
Navi will connect Mumbai with all major parts of Mumbai as mentioned above from the infrastructural developments. CIDCO’s well-planned development module sets the city apart from its counterparts. Furthermore, Navi Mumbai is well connected to other parts of Mumbai by both rail and road. Navi Mumbai connects Thane via the Trans-Harbor Railway. Navi Mumbai is connected to the CST through the Panvel Harbor Line.
Navi Mumbai has many favorable clusters for real estate investment. Areas like Ulwe, Panvel, Rasayani, Savaroli are some of the obscure groups which are now gaining popularity. Panvel is a preferred destination for real estate investment. Several new projects in Panvel near the railway station are attracting investors’ attention. Panvel is also a center for home buyers looking for permanent residence. Property in Panvel offers a wide range of options from premium to affordable.
Owning a Panvel property near the railway station is one of the important benefits of investing in Panvel.
Navi Mumbai is one of the most iconic cities to live in, Totko. There are 2 BHK flats in Navi Mumbai from many real estate developers. Indiabulls Park in Panvel is a premium project, with spacious apartments ranging from 1 BHK to 4 BHK.