Navi Mumbai has now become an epitome of planned living. With the advent of many private sector companies and CIDCO, the way Navi Mumbai is designed as a city is unlike any other. Investing in a Property in Navi Mumbai is a trusted option for real estate investors. Here we share a few factors, which make Navi Mumbai different from other parts of Mumbai.
Navi Mumbai has more green cover than other parts of Mumbai. The environment here is much better as compared to other places in Mumbai.
Everybody knows the story of Mumbai roads and the potholes. This is not the case with the roads in Navi Mumbai. The roads in Navi Mumbai are wider and well maintained. The Palm Beach road in Navi Mumbai is the most scenic route for a drive.
3. Less pollution
There are less number of factories in Navi Mumbai. Hence it is the most sought-after destination for families wanting to live in a place with less pollution.
4. Lower population
Navi Mumbai is not overcrowded like other places in Mumbai. The less crowded a city, the better.
There has been a rise in the demand for property in Navi Mumbai. This is because it offers planned living, state of the art infrastructure and a lot of land space. Here is why Navi Mumbai is an ideal destination for real estate investments.
1. Progressive Infrastructure
The announcement of the Navi Mumbai International Airport has brought immense popularity to Navi Mumbai. This is one of the prime reasons why there is a demand for real estate in Navi Mumbai. The proposed Mumbai trans-harbor link, which is also known as the Sewri Nhava Sheva Trans Harbour Link, is a freeway bridge that will connect Navi Mumbai to other parts of Mumbai. Many such infrastructural developments in Navi Mumbai will change the face of the city.
2. Ample Employment Opportunities
Navi Mumbai is already an IT hub and is on the road to exponential growth in the future. Many private sector companies such as L&T, Infosys, Reliance, have their headquarters and back offices here. Establishments such as Mindspace in Vashi, Millenium Business Park in Mahape, CBD Belapur Railway Station Complex Building, World Trade Center in Juinagar are few of the many commercial spaces in Navi Mumbai. Hence, the employment aspects are high.
3. Promising Commercial Real Estate
Commercial real estate in Navi Mumbai is growing. There is a lot of office space available. With competitive rental rates, the demand for them is increasing too.
4. Planned Living & Connectivity
As mentioned above the infrastructural developments will connect Navi Mumbai with all major parts of Mumbai. CIDCO’s well-planned development modules have set this city apart from its counterparts. Also, Navi Mumbai is well-connected with other parts of Mumbai from both rail and road. The Trans-Harbour connects Navi Mumbai to Thane via railways. Panvel in Navi Mumbai is connected to CST via the Harbour line.
Navi Mumbai has many favorable clusters for real estate investments. Areas such as Ulwe, Panvel, Rasayani, Savaroli, are some of the unexplored clusters, which are now gaining popularity. Panvel is a favorite destination for real estate investment. Many new projects in Panvel near the railway station are catching the attention of investors. Panvel is also a hub for home buyers looking for permanent residences. Property in Panvel offers a variety of options from premium to affordable.
Owning a Panvel property near the railway station is one of the significant benefits of investing in Panvel.
Navi Mumbai, in toto, is one of the most coveted city to live in. There are 2 bhk flats in Navi Mumbai from many real estate developers. Indiabulls Park in Panvel is a premium project offering spacious apartments from 1 bhk to 4 bhk.