If you are looking for a smart investment opportunity in the real estate sector, you might want to consider buying a flat in one of the emerging suburbs of Navi Mumbai. Why?
Well, Navi Mumbai is a planned city that was developed to ease the congestion and pollution of Mumbai, and it has become a hub for various industries, educational institutions, and entertainment options. The city is well-connected to Mumbai and other parts of Maharashtra by road, rail, and metro, and it also boasts of a modern international airport. That means you have a plethora of reasons to invest in a booming real estate micro-market that is poised to deliver maximum returns as mega infrastructure projects like the Navi Mumbai International Airport, Navi Mumbai Metro, Mumbai Trans Harbour Line, etc., come to fruition.
In a nutshell, the advantages of buying a Navi Mumbai flat for sale are numerous – and their potential for excellent returns is very high. Research already suggests a whopping 40 to 99% appreciation in the Navi Mumbai real estate market over the last decade. But you should know which growing suburb to invest in. The most popular ones are Kharghar, Airoli, Taloja, New Panvel, etc.
Kharghar is one of the most developed and planned nodes of Navi Mumbai, with a blend of residential, commercial, educational, and recreational facilities. It is well-connected to Mumbai and Thane by road and rail, and has easy access to the upcoming Navi Mumbai International Airport. Kharghar also boasts of scenic natural beauty, with the Kharghar Hills, Central Park, and Pandavkada Waterfalls nearby. The average property price in Kharghar is Rs. 9,500 per sq. ft., and the expected annual growth rate is around 8%.
Airoli is another prime location in Navi Mumbai to look for a high RoI Navi Mumbai flat for sale. Situated on the Thane-Belapur road, Airoli is a major IT hub, with several multinational companies and IT parks in the vicinity. Airoli also has good social infrastructure, with reputed schools, colleges, hospitals, malls, and multiplexes, such as VIBGYOR High School, Indravati Hospital & Research Centre and DMart. It is well-connected to Mumbai by road and rail, and has a proposed metro line that will link it to other parts of Navi Mumbai. The average property price in Airoli is around Rs. 11,000 per sq. ft., and the growth rate over the last five years has been 17%.
Next up, we have Taloja, an upcoming suburb in Navi Mumbai, located near the Mumbai-Pune Expressway. It is a part of the Navi Mumbai Airport Influence Notified Area (NAINA), which means it will benefit from the development of the new airport and its surrounding areas. Taloja also has good connectivity to other nodes of Navi Mumbai by road and rail, and has several industrial and residential projects in the pipeline. The average property price in Taloja is Rs. 5,500 per sq. ft., and the estimated growth rate over the last five years has amounted to a whopping 16%.
New Panvel is another emerging suburb in Navi Mumbai, situated on the eastern side of the Mumbai-Pune Expressway. It is a well-planned township, with a mix of low-rise and high-rise buildings, gated communities, and integrated townships. New Panvel also has good connectivity to Mumbai and Pune by road and rail, and is close to the new airport site. It has ample green spaces, such as the Karnala Bird Sanctuary and the Matheran Hill Station nearby. Social infrastructure is also very robust, with institutions nearby such as DAV Public School and Apex Multispeciality Hospital. The average property price in New Panvel is Rs. 7,000 per sq. ft. In the coming 5-7 years, experts predict property appreciation rates to touch 10 to 15%.
Therefore, if you are looking for a smart investment opportunity that can offer you a high quality of life and a good return on your investment, you should consider buying a flat in one of the growing suburbs of Navi Mumbai. You can browse through various online platforms that offer flats for sale in Navi Mumbai, and compare the features, prices, and locations of different properties. You can also consult with a professional real estate agent who can guide you through the process of buying a flat in Navi Mumbai. By doing so, you can make an informed decision that can help you achieve your financial goals.
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!
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