Top 5 Areas to Invest in Navi Mumbai

The development of Navi Mumbai dates back to 1972 when a satellite city to Mumbai was proposed. The CIDCO oversees the development of the city entirely, which has now emerged as a hotbed for investment in the western zone. There are several pockets of Navi Mumbai which are well-developed in terms of availability of social infrastructure and connectivity while others are rapidly developing.

If you are considering investing in Navi Mumbai real estate, then these are a few areas for you to consider.

Taloje

Taloje is a suburban area of Navi Mumbai which has several industries of the city. Those employed in these companies prefer to live here. However, the pressure for developing flats in Navi Mumbai in these areas is quite high which has led to the evacuation of some industries from here. The demand for residential property in Taloje can be matched with that of Panvel and Kharghar. As a matter of fact, much of the residential property demand in Taloje is spilled over from Kharghar.

Ulwe

Ulwe has received a lot of demand from investors off late. The area is separated from the CBD Belapur and Seawoods by the Panvel Creek. Even some time ago, Ulwe was known to be the address for fishing villages of Shivaji Nagar and Morave. However, thanks to the Navi Mumbai International Airport that is coming up, Ulwe has gained traction among the investment friendly neighbourhoods of Navi Mumbai. There are several upcoming projects in Navi Mumbai located here where the rates are reasonable and prospects of good returns, high.

Kharghar

Kharghar is a thoroughly planned node of Navi Mumbai and houses the sectors with some of the highest Navi Mumbai property rates. The sector is a mix of commercial and residential projects. It was developed by the CIDCO into 45 sectors. The proximity of the area to the CBD Belapur coupled with green surroundings and good connectivity make Kharghar one of the highly demanded areas for residential properties. The area has a golf course, central park, skywalks and wide roads which provide holistic lifestyles.

Airoli

Considered one of the developing micro-markets of Navi Mumbai, Airoli is close to Thane and Mulund rather than the suburbs of Navi Mumbai. It is along the Vashi-Turbhe-Thane Railway Corridor which connects Navi Mumbai to Thane. The railway corridor has been in operative since 2004. The closest railway station is at Nahur, which can be accessed easily through the Airoli Bridge.

Ghansoli

Ghansoli is a newly developed locality of Navi Mumbai and is a large industrial area. It has several campuses of companies such as Standard Alkali, Reliance and Siemens. The railway link between Vashi and Thane has improved connectivity from Ghansoli. Local trains between Panvel, Vashi and Thane ply every ten minutes during office hours and every twenty means during off hours. Thane and Vashi can be reached within fifteen minutes from Ghansoli. Property in Navi Mumbai in Ghansoli is highly demanded among home buyers as several configurations are available and for the ease of communication. BEST Buses from Ghansoli operate to Chembur, Worli, Dadar, Sion and Bhandup among other areas.