Buying a Home in Airoli: What to Look for in a Property

Navi Mumbai is a city that exhibits energy and growth. Offering a vibrant blend of living, working, and leisure opportunities while experiencing rapid growth, the demand for housing in this thriving city is keeping pace with its expansion. Therefore, investing in Navi Mumbai's real estate market is a prudent choice at the given time.

Since the city is relatively new, the properties here are quite elegant and modern. Not to mention, one can easily find a surrounding with lush greenery. The residential also maintains high hygiene standards. Airoli is a highly coveted locality in Navi Mumbai that is known for its scenic beauty and strategic location. It offers a harmonious blend of residential comfort and easy access to commercial hubs that cater to a variety of budgets.

So, if you are planning to buy property in Airoli anytime soon, here is everything that you need to know:

Connectivity

Airoli enjoys excellent connectivity with various parts of Navi Mumbai, Mumbai, and other Maharashtra cities. Smooth transportation is facilitated by Thane-Belapur Road to the north and Eastern Express Highway to the south. Buses play a pivotal role as a primary mode of transport, connecting Airoli to different areas within Navi Mumbai and Mumbai.

BEST services provide routes from Airoli to Vashi, Mulund, Powai, Borivali, and Chembur, while additional routes cover Thane, New Panvel, and Bhayandar. NMMT also operates AC buses to Vashi, Borivali, and Dindoshi.

Airoli boasts its own railway station on the Harbour Line of the Mumbai Suburban Railway network. Taxis and auto-rickshaws are available, though less frequently utilised due to higher fares. The central railway station of Navi Mumbai, Panvel, lies approximately 28 km away, and the nearest airport is Chhatrapati Shivaji International Airport, a mere 19 km from Airoli.

Infrastructural Developments

The growth of Airoli can be attributed to several significant factors. Firstly, meticulous urban planning played a pivotal role in shaping the locality. Additionally, Airoli's emergence as a sought-after residential area in Navi Mumbai can be attributed to its lush green surroundings. The expansion of the region was further fueled by the presence of modern infrastructure, well-laid roads, and essential amenities such as sewage systems, water supply, and drainage.

Originally situated within the industrial corridor along Thane-Belapur Road, Airoli underwent a transformation with the establishment of various commercial centres catering to the IT/ITeS and financial sectors. The construction of the Mulund-Airoli Bridge also emerged as a key catalyst, facilitating the growth and expansion of Airoli.

Trends in the Residential Real Estate Market

Most of the property in Airoli consists of apartment projects. Initially designed to cater to the middle-income demographic, the landscape has evolved to encompass several projects targeting the affluent segment, largely influenced by the growing number of NRIs choosing to invest in the area.

Over the past year, the selling prices of apartments in Airoli have shown a positive trend, with an average price per square foot at ₹12,568, marking a substantial 14.19% year-on-year increase. Specifically, apartment prices in Airoli now range from ₹4,117 to ₹26,630 per square foot, while rental rates for apartments vary between ₹19 and ₹22 per square foot.

Investing in Navi Mumbai: A Smart Move

Navi Mumbai presents an enticing option for property investment. Offering several upscale, modern, and green residential spaces, it offers a wide array of housing options to suit diverse budgets. With excellent connectivity, expanding infrastructure, and abundant greenery, Navi Mumbai combines urban convenience with a serene environment. It is a thriving city, attracting companies and investors alike due to affordability compared to Mumbai. All of this, coupled with strategic location, efficient transport, and a promising return on investment, makes it a hotspot for property seekers, especially the ones who are looking for a high quality of life, ample career prospects, and solid financial growth.

Conclusion

While Navi Mumbai is a realty hotspot, buying property in Airoli can offer you a bunch of benefits. It stands as a modern and elegant residential haven that offers lush green surroundings and a calm atmosphere. Its scenic beauty makes it a highly sought-after locality in Navi Mumbai. Moreover, the area also seamlessly combines residential comfort with easy access to commercial hubs, accommodating a wide range of budgets that make it an ideal pick for home buyers as well as investors.