A Sneak Peek into the Poshest Areas of Navi Mumbai

Having Been designated with the status of a planned city, Navi Mumbai lies on the Konkan coast of Maharashtra, hosting a population of over 16 lakh residents within an area of 108.6 sq km. In recent years, this MMR region has witnessed exponential growth in its infrastructure, with the real estate sector playing a crucial role. As Mumbai continues to bear space constraints and increasing inflation, Navi Mumbai is proving to be a safer bet for investment purposes, with companies like Wipro Infotech, Bank of America, Barclays, and Ranbaxy setting up their operations. 

The city also offers efficient transportation with a smooth network of roads and railways, with an upcoming international airport to soon be operational. Hopefully, sometime this year, the long-delayed Line 1 Metro of Navi Mumbai will be opened for public use, covering 23.40 km and 20 stations. Over the years, the city has also seen a boost in its social infrastructure with the rapid development of schools, colleges, hospitals, malls, etc. Listed below are a few examples.

• Ryan International School
• Orchids The International School
• St. Lawrence High School
• National Institute of Fashion Technology (NIFT)
• DY Patil University
• MGM Medical School

When it comes to offering recreation services, Navi Mumbai has the following to offer.

• Inorbit Mall (Vashi)
• Nexus Seawoods
• Raghuleela Mall
• DY Patil Stadium

Hence, it is easy to understand why a house in Navi Mumbai could serve to be fruitful as time passes by.

Thus let us look at some of the poshest areas of the MMR, especially for investment purposes.

1. Panvel

One of the most popular choices among home buyers, Panvel offers seamless transportation with its network of roads and railways. Offering an alternative solution to those wanting a break from the congested life of the financial capital of India, this Raigad district taluka offers ample land space, improving your standard of living, with the current price per sq ft being around ₹6,830. Regarding social infrastructure, the city has reputed the following educational institutions:

• Delhi Public School 
• DAV Public School 
• Thakur Arts and Science College

For recreation purposes, Panvel has the following to offer:

• Mahalaxmi
• Orion Mall
• K Mall

2. Kharghar

One of the upscale neighbourhoods of Navi Mumbai, Kharghar, serves as an industrial centre, given its proximity to CBD Belapur, Taloja, and Kalamboli. Offering excellent connectivity, with the availability of buses, autos, and a partially opened metro. Therefore, Kharghar is an area expected to boom, especially for investment purposes, with the current price per sq. ft an estimated ₹ 8,796. 

One of the key attractions of Kharghar is Central Park, which is spread over an area of 80 hectares and is one of the largest parks in Asia. The park has several jogging and walking tracks, play areas, gardens, and a lake. Another popular tourist attraction in Kharghar is the Pandavkada waterfall, located in the nearby hills and a popular picnic spot.

3. Nerul

A premium locality in Navi Mumbai, Nerul is a focal residential and commercial real estate investment point. Located on the harbor lines, it is one of the most strategically located areas in terms of connectivity, less than 10km from the upcoming international airport in Navi Mumbai. In terms of educational institutions, it has the best schools and colleges across all streams. 

• Ryan International School
• Presentation Convent School
• Delhi Public School
• St. Xavier’s High School and Junior college of science
• MGM High School and JR. College of Science and Law College
• SIES Graduate School of Technology
• SIES College of Arts, Commerce, and Science

4. Ulwe

An upcoming area in Navi Mumbai, Ulwe, offers smooth connectivity, with its proximity to the Navi Mumbai International Airport adding benefits. The locality offers a sports complex, medical clinics, and office space, fueling demand for residential buildings, with the current price per sq. ft being around ₹7,660. Listed below are some residence options for comfortable living in Ulwe. Ulwe is also known for its beautiful coastline and scenic views. The area has many parks, gardens, and recreational facilities for residents. Additionally, many educational institutions, healthcare facilities, and shopping centres exist in and around Ulwe.

5. Ghansoli 

Witnessing rapid growth, courtesy of its proximity to commercial and industrial hubs such as Reliance Corporate Park and Loma IT Park, Ghansoli serves as an employment epicentre. Boasting top-class social infrastructure, the Navi Mumbai locality has a current price per sq. ft of ₹11,826. Ghansoli is also known for its natural beauty and has several parks and gardens. Khairane Lake, which is located nearby, is a popular tourist spot in the area. The Sarovar Vihar Garden and Gansoli Hill Garden are popular among locals and tourists.

Conclusion

It is only a matter of time before Navi Mumbai experiences a sudden boom in the inflow of people as it continues to open its economy for further expansion. The MMR region is a perfect destination for people looking to live a luxurious life away from the hustle and bustle of Mumbai. With the international airport nearing completion, the city only has happy days ahead, making it one of the favourite destinations for investors in India, especially in the real estate sector.