Discovering the Hidden Gems of Navi Mumbai - Your Ultimate Guide to the Best Areas for Real Estate Investment

Over the past few years, Navi Mumbai's real estate market has expanded dramatically, propelled by superior connectivity, proximity to important employment hubs, brand-new, cutting-edge facilities, and reasonably priced real estate compared to other areas of Mumbai. Its market is continuously expanding. Investment here is a prudent long-term move. Since the conversation here centres on the best place to invest in Navi Mumbai, evaluating the connectivity, amenities, facilities and current shape of real estate in the area is imperative.

Carefully considering the aforementioned, we have curated a list of gems in Navi Mumbai that are some of the finest for real estate investment in the area. 

Nerul

Nerul is one of the most preferred areas by commercial investors and homebuyers. It hence offers an interesting potpourri of residential and commercial establishments. The average property price in Nerul hovers around the Rs. 17,000 per sq. ft. mark.

• Connectivity

With sound road and rail connectivity, Nerul is well-connected to Mumbai and Thane. The roads that connect Nerul to these places are the Mumbai-Pune Highway, Uran Road and Palm Beach Road. Mumbai Suburban Railway’s Nerul Uran Line connects CBD Belapur and Nerul with Uran. 

• Facilities and Amenities

Nerul is home to the Terna, DY Patil educational institutions, Football School of India, and DY Patil Sports Stadium. The Terna Hospital and Research Centre and DY Patil Hospital are also here. 

• Upcoming Projects 

The real estate scenario in Nerul looks utterly promising thanks to establishments such as Akshar Alvario, Bhagwati Eminence, and Varsha Balaji Shrushti. Upcoming projects in the area include Mistry 9 PBR and Platinum Palm Woods. 

Panvel

Panvel promises excellent connectivity and has automatically witnessed a price surge because of the Navi Mumbai International Airport. The average property price one can expect in Panvel comes in at a very affordable Rs. 11,500 per sq. ft.

• Connectivity

Panvel offers excellent connectivity to both the cities of Mumbai and Pune. Mumbai is 35 kilometres from Panvel and can be accessed via the Bengaluru Mumbai Highway. Conversely, Pune is 120 kilometres away and can also be accessed via the Bengaluru Mumbai Highway. About rail connectivity, Panvel station is also situated close by and offers excellent connectivity. Another remarkable milestone in air connectivity coming up in Navi Mumbai is the Navi Mumbai Airport, which is expected to be wholly operational by 2024. 

• Facilities and Amenities

Higher education institutes like Pillai College of Engineering, New Panvel and DD Vispute College of Science, Commerce are nearby. All medical and healthcare facilities, from clinics to hospitals, can be found in Panvel.

• Upcoming Projects 

Some projects in the area include Marathon Nexzone and Kalpataru Park Riviera. Marathon Realty is a more than 50-year-old real estate developer based in Mumbai. Marathon Nexzone is one of the largest townships in all of Panvel. Similarly, with a long history spanning more than 50 years, Kalpataru Limited is an esteemed entity in the real estate industry. The organisation has multiple accolades and projects to their name. Considering its connectivity and the trustworthy names associated with the area, it is safe to deem it one of the best places to invest in Navi Mumbai. 

Seawoods 

Seawoods is a planned upscale neighbourhood. It is bordered by Nerul on the north, Panvel on the south, Thane Creek on the West and CBD Belapur on the east. The average property price in Seawoods is Rs. 7,000 per sq. ft.

• Connectivity

The Seawoods-Darave, or the Seawoods, is a fairly new railway station added to the Harbour Line of the Mumbai Suburban Railway. Regarding road connectivity, the area is connected to other parts via the Mumbai Highway, the Sion Panvel Highway, Seawoods Station Road and Uran Road, among many others. 

• Facilities and Amenities

The Seawoods Grand Central Mall is one of the largest commercial establishments in this area; it was constructed by the Larsen and Toubro, L&T Group. It also offers excellent connectivity to the finest educational institutions in all of Mumbai- namely the Podar International and Don Bosco Sr. Secondary School. 

• Upcoming Projects 

Projects in the area include L&T Seawoods Residences. Being a globally recognised and awarded organisation, L&T is also the name behind some of the finest Architectural and engineering marvels across our nation. Thus, worldly quality and services go hand in hand. Other projects in the area include the Domus, Tricity Panache and PS Queens Bliss. 

In the End 

Navi Mumbai is a growing market for real estate. With multiple investments across residential, commercial, and multi-modal projects, it is laden with gems that can yield high returns on investment. Apart from the neighbourhoods mentioned above, localities such as Airoli, Belapur, Juinagar, Sanpada, and Ulwe are also growing utterly fast and individually fall under the bracket of ‘best place to invest in Navi Mumbai’.