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Things to Keep in Mind While Investing in Navi Mumbai's Kharghar Property

Author
Blox Social
Posted on
Aug 23, 2023
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Navi Mumbai is one of the regions that has been on the rise lately. Thanks to its meticulously designed infrastructure, the area is quite sought-after. The accessibility of reasonably priced land, coupled with the proactive developmental efforts by the City and Industrial Development Corporation (CIDCO), has helped in the swift advancement of this locality. Moreover, the residential real estate sector in Navi Mumbai is poised for additional expansion. One is likely to witness substantial advancements in road networks, railways, the Metro system, and airport facilities. These developments collectively attract numerous prospective homebuyers to consider the region for their housing needs.

Kharghar is one locality in Navi Mumbai which has risen as a highly desirable choice for homebuyers due to its firmly established social and physical infrastructure. Kharghar property ranges from upscale residences to budget-friendly homes, so one can easily find their dream home here.

But before you consider Kharghar as your new neighbourhood, there are a few things that you should be aware of: 

1. Connectivity and Transportation:

Kharghar has great connectivity. You can easily reach important places like Belapur, Panvel, and Nerul using the city's suburban railway network, specifically the Harbour Line. The Sion-Panvel Highway, a major road, lets you drive to Central Mumbai in about an hour. Also, Kharghar is well-connected to places like Vashi and the Taloja industrial hub. Commuting to Mumbai is convenient with state buses and the harbour rail route. The nearest airport to Kharghar is the Chhatrapati Shivaji International Airport, which is about 35 km away. So, a house in Kharghar will make the commute and travel a lot more convenient for you. 

2. Social Infrastructure:

Kharghar's social setup is impressive. This is partly due to more housing complexes, which have also led to more shops and businesses. In Kharghar, you can find many things to help you in daily life. There are well-known schools, colleges, hospitals, restaurants, and places for fun. Some notable places are the National Institute of Fashion Technology (NIFT) and Bharati Vidyapeeth College of Engineering and Architecture. You'll also find good schools like Ryan International, DAV International, and Apeejay. For health, there are important hospitals like Tata Memorial and Geo Medcare Multispecialty Hospital. Banks and ATMs are around too for your money needs.

3. Price Trends:

Property prices in Kharghar have gone up over the years. This is because it's good for both homes and businesses. So, if you are planning on buying a house, the 1 BHK flat in Mumbai price is probably the best right now!

The cost per square foot varies from Rs 7,500 to Rs 10,000 for buying. For rent, a 1 BHK place costs around Rs 8,800 to Rs 11,000 per month. A 2 BHK flat rents for about Rs 15,000 to Rs 20,000 per month, and a 3 BHK flat goes for around Rs 23,000 to Rs 28,000 per month. According to experts, property prices are likely to go up by 30-40 per cent for buying and 20-25 per cent for rent in the coming year. One of the reasons behind the price appreciation is said to be better connections with the metro.

4. Future Developments:

The future of Kharghar seems bright because of projects happening now and in the plans. The new metro and the Navi Mumbai International Airport are likely to make a big difference to how things are in that area for a long time. Moreover, given the upcoming developments in the area, your Kharghar property might witness a substantial level of appreciation in prices. Now, this is something that can yield you some amazing benefits in the future. 

Conclusion

In Navi Mumbai, Kharghar offers a strong chance for investment. It has good connections, growing community facilities, prices that are going up, and plans for the future. All of this makes it appealing to people who want homes and those who invest in property. As transport gets better, the Kharghar property scene will change, so it's a spot you might want to think about for your next investment. 

We hope that this information will help you go about your house hunt in a much smarter way so that you are able to find your dream home in Kharghar that caters to all your existing and future needs.   

Real Estate