Navi Mumbai; property investment
Navi Mumbai, the planned city of Mumbai, has emerged as a prime investment destination for both housing and commercial real estate in between Mumbai and Pune. With its strategic place, excellent infrastructure, and growing economy, Navi Mumbai offers advantages for property buyers and investors.
Why Navi Mumbai’s Property Market is Booming:
- Planned Development: Navi Mumbai was precisely planned by the City and Industrial Development Corporation (CIDCO). This has resulted in wide roads, well-defined sectors, ample green spaces, and a planned drainage system, leading to a superior quality of life.
- Infrastructure Development: Navi Mumbai boasts of exceptional infrastructure, including the Mumbai Trans Harbour Link, the upcoming Navi Mumbai International Airport, and a well-connected metro rail network. This connectivity further enhances the city’s accessibility and opens up new avenues for growth.
- Thriving Job Market: more than 5000 acres of land is occupied by MIDC around 4000 companies having manufacturing units at Navi Mumbai is home to several major IT parks, manufacturing units, and educational institutions. This attracts a large pool of skilled professionals, leading to a vibrant job market and a steady rise in property demand.
- Affordability Compared to Mumbai: Navi Mumbai offers relatively reasonable property options compared to the saturated and luxurious Mumbai market. This makes it an attractive proposition for first-time homebuyers and budget-conscious investors.
- High Rental Yields: Due to the growing demand for housing and office spaces, Navi Mumbai offers good rental yields for property investors. This makes it a lucrative investment option with promising returns.
- Improved Lifestyle: Navi Mumbai provides a better quality of life with its serene environment, abundant green spaces, and various recreational facilities. This attracts individuals and families seeking a healthy and comfortable lifestyle.
- Palm Beach Road is the most premium location in terms of valuation and views a locality that stretches for about 10 kilometres, weaving its way through the nodes of Belapur, Nerul, Sanpada, and Vashi. The drive itself is a delight, with the endless expanse of the sea on one side and the cityscape on the other. Lush mangroves peek through the urban landscape, reminding you of the delicate balance between nature and progress.
- TTC industrial area, TTC also known as Trans Thane Creek Industrial Area, is a thriving industrial hub situated in Navi Mumbai, Maharashtra. It’s a prominent part of the Maharashtra Industrial Development Corporation (MIDC) and plays a significant role in the state’s economic growth. around 4000 companies having manufacturing units at Navi Mumbai is home to several major IT parks.
Promising Areas for Investment in Navi Mumbai:
- Kharghar: This node is known for its well-developed infrastructure, educational institutions, and proximity to the upcoming Navi Mumbai International Airport.
- Nerul: With its excellent connectivity, proximity to IT parks, and affordable housing options, Nerul is a popular choice for young professionals and families.
- Vashi: A well-established commercial and residential hub, Vashi offers a vibrant lifestyle with easy access to various amenities and entertainment options.
- Airoli: Home to several multinational companies and IT giants, Airoli is a thriving business district with high rental yields and capital appreciation potential.
- New Panvel: This rapidly developing area offers a mix of affordable housing options and premium townships, making it suitable for diverse budgets and preferences.
Regards
9819992310 Sushant Bhilare,
Midcwala Services Pvt. Ltd.
www.midcwala.com
