Having Been designated with the status of a planned city, Navi Mumbai lies on the Konkan coast of Maharashtra, hosting a population of over 16 lakh residents within an area of 108.6 sq km. In recent years, this MMR region has witnessed exponential growth in its infrastructure, with the real estate sector playing a crucial role. As Mumbai continues to bear space constraints and increasing inflation, Navi Mumbai is proving to be a safer bet for investment purposes, with companies like Wipro Infotech, Bank of America, Barclays, and Ranbaxy setting up their operations.