Navi Mumbai is the new instalment in the City of Dreams, where the real estate investment market is booming at a high pace. Being in close proximity to the commercial hub of India, people are showing their interest towards living in this constantly thriving locality.
People from all across the nation are now looking out to buy homes in Navi Mumbai while the prices are still affordable. If you are willing to invest in a property in Navi Mumbai, you need to do your research on finding the best sub-locality to count on. Hence, this article brings to you the top X areas in this locality, the real estate of which is thriving in 2023.
1. Kharghar
Kharghar is one of the fast-developing regions in Navi Mumbai, with world-class medical facilities, educational hubs, shopping malls and a lot of other recreational facilities in all of Navi Mumbai. Moreover, Kharghar is also close to the most important employment hubs, such as Taloja Industrial Estate, Ghansoli, Airoli and Vashi.
It is more like a secure alternative for you to invest in properties of Navi Mumbai, as you will experience a great price appreciation in the forthcoming years. As of now, the average pricing per sq. ft. is Rs. 9,500.
2. Taloja
Taloja is one of the rising locations in Navi Mumbai that is becoming a hotspot for real estate investments. It is a prime developing region, which has decent connectivity and accessibility and will soon be getting a metro line as well. Taloja’s real estate is quite valuable as it has a great social infrastructure, such as Balasaheb Thackeray Law College, Apex Hospital and others.
A lot of reputed property builders have eyes on Taloja to build astounding buildings to provide you with a peaceful living experience. If you are planning to buy a property in Navi Mumbai, then Taloja is probably the best pick, with average pricing per sq. ft. at Rs. 5,500.
3. Panvel
Panvel has amazing mid-range housing options that are amazingly accessible for the potential homebuyers in Maharashtra and from other parts of India. Panvel has a great mix of all types of properties, starting from budget to luxurious options, and at affordable pricing. Living in Panvel, you will be closer to the roadways such as NH-48, JNPT Road, Sion-Panvel Highway and NH-66.
The Panvel junction is also a great epitome of connectivity for local and national commuters. The infrastructure facilities are beyond comparison, as you get amazing colleges, medical hubs, recreational centres and much more. The average pricing per sq. ft. is Rs. 7,440.
4. Airoli
Airoli is one of the poshest areas of Navi Mumbai, with apartments in all ranges. You can buy an affordable home or go for a luxurious abode if you have the budget to spare. Living here, you will be close to some of the popular hospitals, restaurants, schools, and it has amazing infrastructure to meet the modern-day needs of the residents.
Airoli is close to the commercial hubs such as Airoli, Mindspace Technology Park, Reliable Tech Park, TTC Industrial Area and others. When you are buying a property in Navi Mumbai and are willing to filter out only the luxury options in hand, then Airoli is the best pick with average pricing per sq. ft. of Rs. 11,775.
Conclusion
Navi Mumbai is welcoming all of the potential homebuyers who are on a budget. As of today, property prices are at an immensely affordable range, but over time when the place develops with more infrastructural amenities and enhanced facilities, the appreciation rate will multiply exponentially, and you will be earning great returns or rental yields out of your investment.
So, if you have made up your mind about buying a property in Navi Mumbai, use Blox to find the best suitable apartment that goes well with your home buying requirements.
