Taloja: An Overview of Navi Mumbai’s Emerging Realty Hub

A census town located in the Raigad district of Navi Mumbai, Taloja has been making quite the waves in the real estate market off-late, courtesy of its affordable housing. The mid-segment locality is home to a mere 2,700+ residents, covering an area of 1.11 sq. km. Governed under the Panvel municipal corporation, the upcoming suburb has shown immense potential, especially in the real estate sector, over the past few years, with developers lining up with several projects. While 1 BHK flats continue to dominate the market, there has been a spike in demand for 2 BHK flats in Taloja. 

The Navi Mumbai suburb promises a bright future, offering robust infrastructure, efficient connectivity, and social amenities. Since last year, Taloja witnessed an appreciation of 12.8%, with the current price per sq foot being an estimated ₹6,300. Thus one can expect a sizeable ROI in the future, making the town of Raigad district an attractive destination for investment.

This blog will cover the aspects that make Taloja an emerging realty hub. 

1. Good connectivity

The Navade station connects Taloja to essential parts of Navi Mumbai, offering a great network of roads and railways. Other ways of commuting include NH-48, seamlessly connecting them to NH 548 and NH 348. The MIDC Road provides easy access to central and western parts of the city. Its proximity to NH 4 is advantageous, given the latter has been undergoing considerable industrial and residential development. The upcoming international airport in Navi Mumbai is less than 30 minutes from the suburb. Located close to commercial centres, such as Apcotex Industrial Ltd and Hindustan Kohinoor Complex, is another bonus for the area. 

Another upcoming development in Taloja’s various modes of transportation is the Taloja-Belapur Metro Project, which has caught the eye of several investors. Undertaking the responsibility of this mega project is CIDCO, looking to improve traffic flow and ease commuting for the common man. 

2. Top-class social infrastructure

Undergoing rapid development, Taloja offers its residents the best social amenities, educational facilities, medical centres or recreational spaces. 
Schools and Colleges

• Radcliffe Schools
• Sunrise Global School                
• Bajaj International School
• The Elite Public School    
• RZP School
• DAV International School Kharghar

Medical centres

• MGM Hospital
• Aasha Hospital    
• Tathastu Women's Hospital    
• Shri Samarth Children's Hospital    
• Shree Narayani Eye Hospital & Surgery Centre    
• Ayesha Hospital    
• Jeevandeep Hospital    
• Holkar Multispeciality Hospital & Dental Care

Places for recreation

• K Mall
• Hotel Executive Inn
• Hotel Tanish Residency
• Carnival Cinemas
• Inox

Religious Sites

• Hanuman Mandir
• Ganesh Temple
• Hanuman & Sani Temple

3. Affordable Housing Options

Compared to Kharghar and Panvel, Taloja offers many affordable houses catering to its residents' budgets and lifestyles. The appreciation rate in the Navi Mumbai neighbourhood continues to be on a steady rise, having observed a price increase of 16.5% over the last five years. For example, a 1 BHK flat at a prime property like Arihant Amisha could cost you in the range of ₹23 - ₹23.6 lakhs, offering amenities like a swimming pool, volleyball court, spa, yoga area, indoor games, and rainwater harvesting. 

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4. Rental benefits

Taloja’s proximity to commercial and industrial hubs, such as Kharghar, CBD, Belapur, and Panvel, makes it an ideal housing residence for working professionals. The high demand helps yield a sizeable return for the investors. The current average rent in the Navi Mumbai suburb stands at an estimated ₹9,068. Those wanting to invest in properties and lend them out on lease can expect a 6% yield in their returns. 

5. Upcoming developments

As Taloja continues capturing the imagination of several real estate developers and capitalists, let’s look at some upcoming infrastructure developments. 

• Currently under construction, Navi Mumbai Metro Line 1 has a station at Taloja.
• The approved bridge across the Taloja River to improve connectivity between Kharghar and Pendhar.
• The upcoming D B Patil International Airport in Ulwe is approximately 16 km via Mumbra-Panvel Highway.

Conclusion

Though still in the developing stage, there are several factors that make Taloja an attractive investment destination. The Navi Mumbai suburb is a perfect solution for those looking for a comfortable yet affordable housing option away from the hustle and bustle of the major metros. As the appreciation rates continue to slope upwards, investors can expect to make a sizeable return on their investments. The growth in social infrastructure also hopes to increase the inflow of people, especially families, with the neighbourhood offering top-class education facilities and medical infrastructure. Hopefully, the above blog has helped you gain a deep insight into the growing potential of Taloja.