Mumbai offers its residents an incredible lifestyle and living experience. The expansion of the Mumbai Metropolitan Region, however, is prompting development across several other hubs such as Navi Mumbai. Navi Mumbai's emergence as a coveted residential destination can be attributed to three factors:
Kharghar – Kharghar tops the list of preferred neighbourhoods for homebuyers in Navi Mumbai. The highly developed infrastructure and the proximity to the Belapur CBD (Central Business District) are some of the most significant advantages for those who are looking to make Kharghar home. Moreover, the demand for flats in Navi Mumbai is set to go up as the upcoming six-lane corridor to the new airport and the subway connecting Kharghar to Mumbai take shape.
Panvel – Panvel is another emerging market and a favourite for those who seek to buy property in Navi Mumbai. Panvel's affordability and infrastructure are its greatest advantages. Panvel offers excellent connectivity to both Mumbai and Pune, and with the launch of work on the Navi Mumbai International airport, residential real estate in the neighbourhood is booming. In addition, the upcoming CST-Panvel rail corridor will make commuting to Mumbai easy.
Taloja – Taloja is Navi Mumbai’s best kept secret. Some of the most prominent industries of Maharashtra, such as Hindalco Industries Ltd and Kellogg India, have set up their units in the vicinity prompting employees to look for flats in Taloja. With the excellent infrastructure, connectivity, and real estate price, much lower than in other Navi Mumbai neighbourhoods, the surge in demand here can be quite easily understood.
Sanpada - Sanpada is one of the few Navi Mumbai neighbourhoods that is located in the Thane district. Sanpada's greatest advantage is its central location and proximity to Ulwe, Taloja, and Kharghar business districts while offering easy access to the BKC and Mumbai. Sanpada is perfect for homebuyers who are looking at high-rises and luxurious flats while also looking for great schools, colleges, and hospitals in the vicinity.
Ulwe – Ulwe is another micro-market that has seen a boom in demand these past few years. Its proximity to International Infotech Park, Raheja Arcade, and the Navi Mumbai SEZ make it a preferred choice of home buyers in Navi Mumbai. In addition, the Ulwe node is a nature-lover's paradise with an extensive ecosystem surrounding it.
Nerul – Another investment opportunity homebuyers do not want to miss is buying a property in Nerul, Navi Mumbai. While property prices in Nerul are higher than those in Panvel or Kharghar, the projects are upscale with great amenities as well. Nerul is the perfect mix of commercial and residential sectors, and the excellent connectivity makes it very attractive. In addition, this neighbourhood has several colleges, such as Dr D Y Patil College and Terna Medical and Engineering College. This has led to a high demand for 1BHK flats in Navi Mumbai from students and young professionals.
Apart from these, several other nodes and neighbourhoods in Belapur, Airoli, Koparkhairane, Kamothe, and Roadpali are also evolving rapidly. In fact, many reports suggest that the demand in these places is outdoing the demand for flats and apartments in established neighbourhoods of Mumbai. If you are looking to invest in Navi Mumbai real estate this is possibly the best time to go ahead.
So, you’ve found your dream home, arranged for the finances to purchase it, and are now ready to live your desired life carefree. But amidst all that, as a new or prospective home buyer, you must not let one critical part of the property purchase process go unnoticed: the sales agreement!
Picture yourself in the vibrant heart of Navi Mumbrai, where luxury meets opportunity and a sense of community thrives. Welcome to Sanpada, a locality that has swiftly risen to prominence in the world of real estate. With a coveted pin code of 400705, Sanpada offers a dynamic landscape of living options. Boasting over 350 properties for purchase and more than 100 for rent, it's no wonder residents rate this neighbourhood an impressive 4.5/5 for connectivity and a solid 4.3/5 for safety.
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