Top 5 Real Estate Investment Locations in Navi Mumbai for 2022
Navi Mumbai has a pleasant lifestyle, well-planned development, and a fast expanding social infrastructure. As a result, Navi Mumbai is an excellent strategic option to the congested Mumbai city. Navi Mumbai has become a strong opportunity for real estate investment in 2022, with several rising micro-markets and established commercial zones. Check out the top 10 areas to invest in real estate in Navi Mumbai, as well as a full explanation of why these are the greatest places to invest in real estate in Navi Mumbai.
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Why is Navi Mumbai a great spot to invest in real estate in 2022? Navi Mumbai is ranked third in India's quality of life index, according to the latest city rankings issued by the Ministry of Housing & Urban Affairs. It has made significant progress in the areas of economy, education, healthcare, & industry. Based on the Ministry of Housing & Urban Affairs' Citizen Perception Survey, here is Navi Mumbai's performance. The development of the greatest commercial & residential real estate projects has been driven by the favourable growth in the Navi Mumbai region.
A successful real estate investment, on the other hand, basically comes down to the fundamentals. That is, to comprehend each and every aspect of a region's real estate ecosystem. As a result, in this post, we'll go over the best ten spots to invest in real estate in Navi Mumbai by 2022. We will examine all of the top 10 Navi Mumbai locations on several factors in order to gain a better grasp of the investment opportunities.
Why invest in the Particular Location Price Trends in The Location Property Price Appreciation Connectivity Upcoming Infrastructure Projects Industries In The Region Social Infrastructure
Panvel: The upcoming infrastructural projects in Panvel will drive up demand for both residential and commercial properties. Property prices in Panvel grew by 15-20 percent between 2014 and 2022. Since the region is becoming a residential & commercial hub in Navi Mumbai, this trend is projected to continue. As a result, Panvel is an excellent location for generating high returns on real estate investments. Both residential and commercial properties are predicted to have good rental returns and appreciate in value. Let's look at the neighborhood's price patterns, connections, social infrastructure, and industrial growth.
Connectivity: Panvel is well connected by highways such as the Sion-Panvel Highway, Mumbai-Pune Highway (26 km), NH-48 (Delhi-Chennai), and NH-66 (Mumbai-Pune) (PanvelKanyakumari). Panvel is also connected to the developing areas of Thane and Dombivali by the Mumbai Goa Highway. In the region, this powerful road network provides good communication and transit. Furthermore, the Bus & Railway networks have provided a variety of commuting choices to nearby major cities like as Mumbai & Thane.
Upcoming Infrastructure: Navi Mumbai International Airport: The airport is expected to take up 1160 hectares of land. It will be able to accommodate 90 million passengers each year. The airport's first phase is anticipated to be finished in 2024. The Navi Mumbai International Airport is estimated to provide 3-4 lakh jobs in the region, both directly and indirectly. As a result, the Panvel region could see unparalleled home price growth in the next years.
Mumbai Trans-Harbour Link Road: A 21.8-kilometer, six-lane Road Bridge will connect Navi Mumbai to Mumbai city as part of the MTHL. The MTHL will have an intelligent transportation system, as well as other important characteristics that will reduce travel time. The MTHL will run from Navi Mumbai to Serwin in Mumbai, connecting Chile. The MumbaiPune Expressway as well as the Eastern Expressway will also be connected to the MTHL. Because the MTHL's starting location is close to Panvel, it will strengthen the line's link to Mumbai.
Multimodal Corridor Virar-Alibaug The Bhiwandi bypass, NH-8, NH-3, NH-4, & NH-4B, Mumbai-Pune Expressway, and NH-17 will all be connected by the Virar Alibaug Multimodal Corridor, which will be 126 kilometres long. MMRDA has now completed the first phase of the project's Techno-economic feasibility analysis. The commercial expansion in the Navi Mumbai belt, including Panvel, will be boosted by this corridor. The 79-kilometer Virar-Chiner road has been evaluated for financial viability and has received approval from the authorities. The project is now in the process of acquiring land.
Coastal Highway: CIDCO has been proposing to construct a second coastal road to improve Navi Mumbai's overall connectivity. This second coastal road project, estimated to cost 270 crores, will contain three flyovers and two bridges. The route will link Panvel and Kharghar, improving access to the Navi Mumbai International Airport. At critical intersections, this second coastal road will relieve traffic congestion.
CSTM-Panvel Railway Track Elevated Corridor On the existing harbour line, there will be a CST Panvel fast track route. This corridor will allow the air-conditioned EMUs to run on the track. The proposed line is 47 kilometres long and includes 11 stations. The RITES has examined the project's technical and financial feasibility. The project's budget has also been approved by the union government for the year 2019.
Industrial Development: Panvel is well connected to important job centres such as Vashi, Belapur, Nerul, and Powai. The major industrial belt of Raigad, on the other hand, is easily accessible from Panvel.
Furthermore, the upcoming Navi Mumbai International Airport would draw MNCs and other businesses to the Panvel area. The new airport will enhance the number of job openings in the area. As a result, demand for residential & commercial space is sparked. The property rates in Panvel and the nearby areas will rise as demand rises.
Social Infrastructure: Hospitals: MGM Hospital, Tarana Hospital, D Y Patil Hospital Nerul, Panacea Hospital, Ashtavinayak Hospital, Life-Line Hospital are examples of social infrastructure. Education: Pillai HOCL College of Engineering & Technology, Changu Kana Thakur Arts, Commerce & Science College & Law, Mahatma International School, and New Horizon Public School are among the schools where he received his education. DAV public school in New Panvel.
Panvel Sub-Localities: Palaspe Phata, New Panvel, and Karanjade are some of the Panvel's burgeoning sublocalities. Because of their infrastructure development & proximity to Panvel, these areas are quickly becoming residential hotspots. Let's take a look at all of these places and see how they stack up in terms of development, connection, price trends, and ROI.
Palaspe Phata:
Palaspe Phata is located at the intersection of the Mumbai-Goa Highway, the Mumbai-Pune Highway, and the JNPT Road. This position offers excellent access to various industrial and commercial regions. Kholpoli, Pali, and Rasayani, for example, are easily accessible chemical and metal manufacturing centres. On the other side, this location is close to Navi Mumbai's important IT and corporate districts. The top real estate projects in the area are Marathon NexZone & Sai World City.
Both of these real estate projects are focused on providing residents with a pleasant living and the best amenities possible.
New Panvel:
New Panvel has a wonderful mix of livability and affordability when it comes to residential housing. It also benefits from its proximity to the Panvel Railway Station and the Mumbai Pune highway, which provides excellent connectivity. These two choices provide easy access to the industrial areas of Raigad and Navi Mumbai. Since the announcement of the Navi Mumbai International Airport a few years ago, property values in the area have risen significantly. Property prices in the New Panvel area grew by 20% between 2016 to 2022.
Karanjade:
Karanjade is a small town on the Panvel-JNPT highway. Because of its proximity to Panvel and affordability, the area is quickly becoming the next residential hotspot. In the last five years, house prices in New Panvel have risen. The Navi Mumbai International Airport is the primary cause. Karanjade is about 3.4 kilometres from the New Panvel Station, which takes 10-15 minutes by car or auto. The prices in the New Panvel Region, on the other hand, are significantly lower than in the Old Panvel.
Kharghar: According to Homebazaar.com, there has been an increase trend in residential and commercial property prices in Kharghar over the previous few years. Between 2017 and 2022, property prices in Kharghar increased by 15-18% for both residential & commercial buildings. Furthermore, the trends are projected to continue as a result of expanding infrastructure and easy access to key industrial locations like Vashi and Belapur.
Existing infrastructure: The Sion-Panvel Highway connects the Kharghar region to the rest of the world. One of the key roadways to access the Mumbai MMR is a 25-kilometer-long highway that connects Panvel and Sion. The Mumbai Pune Expressway & National Highway 4 at Kalamboli junction is the two major junctions on the Sion-Panvel highway. Kharghar is only 4 kilometres distant.
In addition, the bus and suburban train networks have proven to be excellent in providing residents with convenient and hassle-free transportation.
Kharghar is 38 kilometres from Chhatrapati International Airport. The new Navi Mumbai International Airport, on the other hand, will be 10 kilometres long.
Upcoming Infrastructure: Navi Mumbai International Airport will play a significant role in the region's economic and social infrastructural development. The projected airport would be a major element in the Kharghar region's high property valuation. The Navi Mumbai Metro would connect the city's major districts, including Kharghar, Belapur, & Pendhar. The projects' construction began in 2011 and will be finished by 2023. The Navi Mumbai Metro would improve connectivity between all of Navi Mumbai's expanding industrial zones. The Mumbai Transharbour Link Road (MTHL) will improve access to Mumbai from the Kharghar region, opening up new development opportunities.
Industrial Development: Kharghar is close to the industrial areas of Vashi, Taloja, and Belapur. In addition, the Thane and Vikhroli Commercial Hubs are 12 & 15 kilometres away, respectively. Panvel and Raigad, two emerging industrial hubs, are also easily accessible from Kharghar.
Social Infrastructure: Healthcare: Healthcare is provided by Apollo Hospital, Acratech Hospital, and Kharghar Multidisciplinary Hospital. Education: Radcliffe School Kharghar, Apeejay School Kharghar, DAV International School, Sanjeevani International School are among the schools in the area.
Ghansoli: Between 2016 and 2022, capital values in Ghansoli increased by 20-25 percent. This is due to two major factors: Ghansoli is gradually becoming one of Navi Mumbai's most important industrial hubs. Second, the infrastructural initiatives are speeding up the region's development. In addition, the forthcoming Navi Mumbai International Airport is expected to drive up property prices in the future years.
Connectivity: The NMMT BEST bus network connects Panvel, Vashi, Kharghar, Nerul, &other Western Suburbs of Navi Mumbai to the rest of the city. From Ghansoli, the Panvel-Vashi & Thane-Vashi local trains provide quick access to Navi Mumbai and Thane. Furthermore, the Thane-Belapur road has been instrumental in connecting Ghansoli to Thane's industrial hub.
Upcoming Infrastructure: The projected JVLR-Khairane-Ghansoli Bridge begins at the Eastern Express Highway's Jogeshwari Vikhroli Link Road and finishes to Kopar Khairane in Navi Mumbai. This project will reduce travel time over the entire belt by a significant amount. Ghansoli is 22 kilometres from Navi Mumbai International Airport.
Industrial Development: The Dhirubhai Ambani Knowledge Park, as well as major corporations such as Reliance and Siemens, is located in the Ghansoli neighbourhood. Ghansoli is closely connected to industrial areas such as Airoli, Vikhroli, Powai, Thane, and CBD Belapur due to its central location. More real estate investment in Navi Mumbai will be encouraged by the planned infrastructure in Ghansoli.
Social Infrastructure: Healthcare: Devine Hospitals; Frisson Multispecialty Hospital, New Life Maternity, and Children's Hospital are among the healthcare providers.
Education: ASP Public School Ghansoli, Angel's English School, and Tilak International School are among his educational institutions.
Airoli: Airoli is one of the greatest places to invest in Navi Mumbai because of its proximity to major employment centres and well-developed social infrastructure. Airoli has a high demand for residential and rental properties due to the local employment centres. It also offers an excellent investment opportunity for individuals looking to invest in Navi Mumbai real estate. Property prices in the area increased by 12-15 percent between 2016 and 2022.
Connectivity: Mulund Airoli Bridge improves Airoli's connection by offering easy access to Mumbai's suburbs. This bridge has played a critical role in the growth of Airoli as a real estate hotspot. The Thane-Belapur Road and the Eastern Express Highway provide significant access to various sections of Navi Mumbai and Thane. The Mulund Goregaon Link Road and the Jogeshwari-Vikhroli Link Road provide greater access to neighboring Mumbai suburbs. Also, Panvel, Vashi, Thane, Mulund, & Chembur, among other important Mumbai MMR neighborhoods, are easily accessible via the train and road networks.
Upcoming Infrastructure: The 1.68-kilometer Airoli Katai motorway is part of the Thane-Belapur elevated road. It will link Mumbai, Navi Mumbai, Kalyan, and Dombivali, among other key cities. Along with the exhaust & CCTV installations, these twin tunnels will feature a total of 6 lanes. Other major infrastructure projects in Airoli include the Mumbai Trans Harbour Link and the JVLR Ghansoli-Bridge, all of which are expected to stimulate the real estate market.’
Industrial Hub: With the presence of significant IT companies such as Accenture, JP Morgan, Cap Gemini, and others, Airoli has evolved as an IT hub. Reliance Corporate Park, Mindspace, Dhirubhai Ambani Knowledge City, and Patni Knowledge Park are the main IT parks in Airoli. The Airoli region's industrial boom has been accompanied by an increase in residential housing. There is a demand for commercial buildings because corporations are wanting to set up offices in the cost-effective Airoli region.
Social Infrastructure: Rajmata Jijau Hospital, Gandhi Hospital, Disha Hospital, Indravati Hospital, & Research Centre. Education: St. Xavier's High School, Euro School Airoli, New Horizon Public School, Vibgyor High School, and DAV Public School are among the schools where he received his education.
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