Trend In Real Estate Investment In Naigaon, Mumbai

In the Mumbai Metropolitan Region, the Naigaon micro-market is a strategically located neighbourhood that is quickly growing between Mira-Bhayandar & VasaiVirar (MMR). Naigaon offers both end-users & real estate investors a sizable opportunity due to its convenient location & growing infrastructure. Naigaon is a village in the Palghar region of Maharashtra and is well-known for Toddy (Palm Wine). The Mumbai Suburban Railway's Western Line also has a station with the same name.

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This region of Bombay is separated into East & West zones, like the majority of its neighbourhoods. The Chandika Devi temple is located on the eastern side. On the other hand, the West Naigaon contains a lot of residential areas, including Mariam Nagar, Amol Nagar, Dias, and Pereira Nagar. Long-term Portuguese control in this region indicates a shared cultural background. Now, Vasai-Virar City Municipal Corporation is in charge of it (VVMC). Its outstanding connection serves as a solid base for the expanding home demand in this suburb. Also, the municipal corporation's planned infrastructure upgrades will significantly contribute to the local housing market's rising trajectory.

How is the Naigaon real estate market doing?

The housing rates in Naigaon have climbed by 10 percent YoY & currently hover around Rs 6,700 per sq ft. The prices are still less expensive than the Mira Road neighbourhood, where they average roughly Rs 11,000 per square foot. According to supply and demand, 1 BHK homes are the most common type of housing in this area.

The region is transitioning to luxury real estate, and there are a growing number of high-end housing options there. Naigaon is a luxury area for prospective homeowners since the residential buildings in the Mumbai Suburban region offer high-end amenities at affordable pricing. Although still having good access to all utilities, residents also benefit from cleaner air and reduced pollution.

The majority of middle-class people believe this area to be perfect due to the reasonable capital and rental costs. Prices vary according to where the house is. There are many resales houses accessible here if you wish to acquire a home, and the prices are very reasonable when compared to other places. Depending on the project, the furnishings, and the location, a 1 BHK property in Naigaon rents for between Rs 6,000 and Rs 15,000 per month.

How would you rate Naigaon's transportation system and roads?

A desirable location to settle down, the neighbourhood is getting more connected. A five-minute drive will get you to Naigaon East Railway Station on the Western Line, and a five-minute walk will get you to Juchandra Train Station on the Vasai Road-Diva-Panvel Route (Central Line). Vasai is easily accessible thanks to the EastWest Bridge, which connects Naigaon East & West. The Mumbai Metropolitan Area (MMR) and Alibaug are intended to be connected by the Virar-Alibaug Multimodal Corridor, which is currently being built. Phase I of the proposed project will extend from Navghar (in North MMR near Vasai-Virar) to Balavali (near NH17).

Commuters will experience a great deal of relief when the forthcoming rail overbridge near the Juchandra & Tivri crossing is completed. Also, the fivekilometre-long, six-lane Bhayander-Naigaon Sea Connection will connect to the Mumbai-Ahmedabad National Highway 48 to further facilitate travel.

What social amenities are available in Mumbai's Naigaon?

Naigaon has a lot to offer in terms of social amenities & civic infrastructure despite its relatively moderate real estate costs.

Educational institutions Hospitals

RD Memorial High School Sobti Hospital

Convent of Jesus and Mary Dr Raut Hospital

St Francis Xavier's Convent School

Sidharth Hospital

Don Bosco High School Gadre Hospital

Connectivity links

Western Highway

St. Xavier's Road

Naigaon-Vasai Link Road

Naigaon Railway Station

Naigaon's land values are expected to increase significantly as a result of the expansion of the real estate industry, making it a desirable location for both aspirational homebuyers and potential investors seeking advantageous returns on their investments.

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