Navi Mumbai, as the name suggests, is an extension of the Mumbai metropolitan area and is known for being a well-planned city. Since its inception, Navi Mumbai has attracted both investors and real estate developers in large numbers. While almost all areas of Navi Mumbai are experiencing a real estate boom, some localities are more popular among investors compared to others. Airoli is one such locality that has been attracting property investors in large numbers.
Often referred to as the Gateway to Navi Mumbai, Airoli is a well-developed locality that is a great choice for investors seeking both residential and commercial options. The area has experienced significant growth in residential real estate development comprising low to mid-rise cooperative housing societies and multi-story apartment complexes. In addition, the area also offers a wide range of commercial properties, including shops, office spaces, and industrial land for interested investors.
Airoli is the right place for investing in real estate around Mumbai and the following reasons justify this statement.
Reasonable Pricing
One of the biggest reasons that make Airoli a great choice for real estate investment is the reasonable price of properties. Around 81% of residential properties are in the form of multi-story apartments with limited options for builder floors and independent houses. 1 and 2 BHK apartments are in significantly greater demand compared to 3 BHK ones. Nearly 27% of all the properties available for sale in Airoli are priced between ₹60Lac and ₹80Lac, while 15% of all the properties on sale are in the price range of ₹80Lac and ₹1Cr. More than 46% of all the properties are of 1 BHK configuration.
Excellent Connectivity & Transport Facility
Airoli is well-connected to and easily accessible from different parts of Mumbai and Thane. The locality is situated on the Mulund-Airoli Link Road, while the Eastern Express Highway is only 7.5 km away and the Thane – Belapur Road is just 5.2 km away from the locality. The Mumbai International Airport is located only 21 km from Airoli and can be reached within 70 minutes. Additionally, the Airoli and Rabale railway stations are located 1 km and 2.6 km away, respectively.
Well-Planned Locality
Airoli is an extremely well-planned locality, and it is divided into 28 sectors to enhance the convenience of people. The locality was initially a suburb, and its development began only after the Airoli Mulund Bridge was set up in 1999. While CIDCO is responsible for all the development and maintenance happening in the area, it falls under the jurisdiction of Navi Mumbai Municipal Corporation. Investors are greatly impressed by the presence of more open space and greenery in the area. There are currently 25 developers active in the area and several completed and ongoing projects for investors to choose from. Overall, the area offers a nice and cosy lifestyle for residents, which makes it more attractive for investment among families and young couples.
Great Social and Civic Amenities
Airoli offers a wide range of social and civic amenities to enhance the comfort and convenience of the residents. The area houses several good educational institutions, including New Horizon Public School, St. Xavier's High School, and Datta Meghe College of Engineering are located within just a 5 km range. There are also a bunch of entertainment hubs for fun and recreational activities, such as Central Park, Golf Course, Pasik Hill, and Pandavkada Waterfalls in Kharghar near Belapur. With various shopping avenues like D Mart, supermarket, Vagad supermarket, Ripplex Mall, and Shankar Plaza, people can get items of everyday needs within a short distance. The area also boasts renowned hospitals such as Indravati Hospital and Research Centre, Fortis Hospital in Mulund, Chhatrapati Shivaji Maharaj Hospital in Kalwa, and Sai Snehdeep Hospital within a 1-2 km range.
Proximity To Various Employment Avenues
Airoli is located quite close to major employment hubs such as Mindspace Technology Park, Airoli Knowledge Park, Reliable Tech Park, and MIDC Industrial Area. Additionally, the locality also houses some of the biggest IT companies, such as Reliance Jio, Cognizant, and Accenture. This makes the locality a great place for property investment among working-class people and professionals seeking better employment opportunities closer to their homes.
Conclusion
Airoli offers all the features and facilities that people look for in a great locality for property investment. Moreover, the diverse property options, along with its great connectivity and proximity to commercial hubs, make it an investment goldmine.
