Want Luxury Housing in Navi Mumbai? Check out Seawoods If you are a property buyer who prefers to invest in luxury housing in Mumbai, but away from the city hustle, then there are currently several areas in Navi Mumbai that offer you this opportunity. Seawoods is one such locality that offers you luxury housing in a serene environment away from the city hustle and yet close to prime business centres. Seawoods features Seawoods is a posh locality in Navi Mumbai lying on Palm Beach Road, in proximity to other posh areas such as Sanpada and Nerul. There are several features that make Seawoods a posh area. The area has very good connectivity to other key localities such as Vashi and CBD Belapur apart from its posh neighbours via Palm Beach Road. The Uran Road is another important highway that passes through the area and connects it to areas of Ulwe, Dronagiri and Kalamboli. The road also connects the locality to the proposed Navi Mumbai Airport. The Seawoods-Darave railway station lies on the harbour line of Mumbai suburban railway. The area has a very good civic and social infrastructure owing to its proximity to other posh areas. There is a decent electricity and drinking water supply. The Panvel Creek and several lakes lie in and around the locality and hence, the area does not face much of drinking water problems. There are several restaurants, coffee shops, ATMs, hospitals, educational institutions and parks in the area. There is a sewage treatment plant in the area. CIDCO has proposed to develop an Integrated Commercial Complex at the area’s railway station. Apart from these amenities, Seawoods offers a calm and serene environment due to the availability of several parks in the area as well as its proximity to the Parsik Hill, one of Navi Mumbai’s famous attractions. Seawoods also has a very good climate. All these features are attracting several HNIs, NRIs and retired professionals who want to either live or invest in the area. Property prices and trends Among the few places in Navi Mumbai that have emerged as luxury destinations, Seawoods is one of them. The proximity to posh localities, its good connectivity to business centres yet a serene environment and infrastructure have made the area a luxury destination. There are several active developers including Ishwar Group Builders and Developers, Aniruddha Developer and Sunny Real Estate Consultants.
The typical housing configurations in the area include 1, 2 and 3BHK multi-storeyed and builder floor apartments. The approximate built area of a 1BHK unit is about 575-675 sq. ft. while that of a 2BHK unit is about 850-1,250 sq. ft. The approximate built area of a 3BHK unit is about 1,000-1,850 sq. ft. One may buy a 1BHK unit for an approximate price of Rs 55-85 lakh. A 2BHK unit may cost about Rs 75 lakh-1.25 crore while a 3BHK unit may cost about Rs 1.40-2.3 crore. Seawoods has witnessed a good appreciation in property values in the last four years, despite the economic slowdown and real estate slump in Mumbai. The average property value during the second quarter of 2014 went up to about Rs 11,800 per sq. ft. from about Rs 4,900 per sq. ft. during the same period in 2010. This marks an appreciation of about 140 per cent in four years. The area continues to witness a growing demand for luxury housing and may be expected to witness a continued appreciation in property values for a considerable time. Hence, if you plan to invest in luxury housing in the region, consider Seawoods.
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