Looking for best place to live in Navi Mumbai or best place to invest in property in Navi Mumbai? If so, this might be the best decision you’ll ever make! In this article we have described some best residential areas in Navi Mumbai that are perfect for real estate investment.
In real estate it is extremely important for the investor to choose the right location. The place you choose can increase or reduce your investment. Navi Mumbai is an exception where the management quality is better than the developers. The basic infrastructure is far from perfect, but is reasonably well equipped in terms of roads, infrastructure, water supply, etc.
The location, infrastructure and facilities of Navi Mumbai makes it an ideal investment destination. Navi Mumbai has a range of developers offering properties to suit every budget, along with first-class facilities. Robust infrastructure, wide roads, an abundance of nature are some of the benefits of investing in real estate in Navi Mumbai. The city has a special economic zone with an area of more than 10,000 hectares. Ultimately creating career opportunities and allowing people to start their own business.
Navi Mumbai’s significant population, booming economy, and growing infrastructure really stand out to prospective investors. The 7 best place to invest in Navi Mumbai that promise the highest potential return on investment are-.
Best place to invest in property in Navi Mumbai or best place to live in Navi Mumbai-
Ulwe-
Ulwe has recently shown an increase in demand for residential apartments and plots. As India’s fastest growing region, the development of commercial, residential and private infrastructure quickly attracted the interest of retailers and residents. Ulwe offers adequate social and commercial infrastructure, including reputed hospitals, schools, retail space and a sports complex. Property price in Ulwe ranges from Rs 6,200 to 9,000 per. square foot. With the advent of new projects, property prices in Ulwe are now growing due to the developed infrastructure and proximity to Navi Mumbai Airport.
Connectivity and Infrastructure-
It is a lively place known for its excellent connectivity, close to the upcoming Navi Mumbai Airport. Ulwe is fast becoming a suburban destination near the Sion-Panvel and Mumbai-Pune Highways. It is close to major places like Vashi, Palm Beach Road or Belapur CBD. It also has proximity to the JNPT and excellent connectivity to Mumbai via NH-348A, and Palm Beach Road. The upcoming Navi Mumbai Metro and Mumbai Trans Harbor Link will further improve the connectivity of Ulwe to Navi Mumbai and Mumbai. Thus making it the best place to live in Navi Mumbai or best place to invest in Navi Mumbai.
Check out:- flat for sale in Ulwe
Panvel:-
Unlike the densely populated areas of Mumbai, Panvel offers large open areas, making it a popular place for home buyers. It is easy to travel here as the area has an extensive network of road and railway. Panvel has several areas like New Panvel, West Panvel, East Panvel, Karanjade, Chipale. It also has some areas along the Mumbai-Pune Expressway. Panvel has proximity to the Belapur and Vashi commercial hub, which has stimulated the demand for housing in the region. As such, Panvel is the ideal place to generate a good amount of profit on property investments. The area has high rental yields and there is a guaranteed appreciation on both residential and commercial properties.
Connectivity and Infrastructure-
Panvel is well-connected with eastern and western highways which provides easy access to other cities. The proximity to the upcoming Navi Mumbai International Airport along with other planned infrastructure projects such as Navi Mumbai Airport Influence Notified Area (NAINA), Trans Harbor Link etc, are some of the key factors affecting the real estate market in Panvel. Connectivity to Mumbai Pune Expressway and the Sion-Panvel exit further improves access to Panvel.
Check out:- flat for sale in Panvel
Airoli–
Airoli has a wide range of apartments ranging from affordable to premium segments. Hence, serving home buyers in all budget segments. The locality has a good social infrastructure of schools, hospitals, restaurants, markets and parks. The proximity to major employment centers and developed social infrastructure has increased the demand for housing and rental properties in Airoli. Thus, it is the ideal place to live in Navi Mumbai since it provides good investment opportunity for those who want to invest in Navi Mumbai real estate.
Connectivity and Infrastructure-
Airoli has good connectivity to Thane and Mumbai via Thane-Belapur road and Mumbai Suburban Railway. Mulund Airoli Bridge further improves Airoli connectivity to other suburbs of Mumbai. Airoli houses some major employment centers such as Airoli Knowledge Park, TTC Industrial Area, Mindspace Technology Park, and Reliable Tech Park makes Airoli best place to invest in Navi Mumbai and a profitable deal for home buyers. The railway and road network provides easy access to the main MMR regions of Mumbai, such as Panvel, Thane, Chembur, Vashi, and Mulund etc.
Check out:- flat for sale in Airoli
Nerul-
Nerul is the main residential and commercial area of Navi Mumbai, consisting apartments of all segments. It has excellent civil and social infrastructure. The area has low, medium and high-rise flats and individual row or townhouses as well. Nerul is popular among the upper middle class and the most common configurations found are 2 and 3 bedroom flats. The locality houses some IT parks, an MIDC industrial area, several international schools and professional universities. Presence of reputed educational institutions like Terna College of Engineering and State Merchant Marine Institute makes it an ideal place.
Connectivity and Infrastructure-
Nerul offers good connectivity to several areas of Mumbai like Thane, Navi Mumbai, and Jawaharlal Nehru Port Trust (JNPT) via Thane Belapur Road, Sion-Panvel Expressway and Palm Beach Road. The area is located on three highways in the Navi Mumbai area, namely Uran Road, Sion-Panvel Expressway, and Palm Beach Road. Connectivity to major highways makes it the best place to invest in property in Navi Mumbai or best place to live in Navi Mumbai.
Check out:- flat for sale in Nerul
Taloja-
Taloja is fast becoming a major residential area due to its proximity to Kharghar. Other factors driving the increase in property value are the variety of affordable apartments, upcoming metro stations, and upcoming international airport. Experts believe that if upcoming infrastructure development is implemented on time, Taloja is likely to see an exponential increase in property value over the next three years. Thus making it an ideal or best place to invest in property in Navi Mumbai.
Connectivity and Infrastructure-
Taloja is located on National Highway (NH- 4) and has proximity to the Sion-Panvel, Dombivli-Kalyan, and Panvel highway. Thus traveling to Pune, Thane, and Mumbai is much easier. Taloja has an operating railway station on the Central Vasai-Diva-Panvel railway line. The construction of the first phase of the Navi Mumbai metro between Belapur and Pendhar, which also connects Taloja, makes commuting more easier.
Check out:- flat for sale in Taloja
Kamothe-
Kamothe have good infrastructure and connectivity, and these are the main reasons for its growing real estate demand. The area has a total of 48 sectors, which are systematically planned. The nearby towns of Kamote include Belapur, Hargar, Taloja, Kalamboli, Panvel etc. Without a doubt Kamothe is the best place to invest in Navi Mumbai. Also it is ideal location for those who want to buy property in the outskirts of Mumbai.
Connectivity and Infrastructure-
Highways like JNPT Road, Sion-Panvel Highway, and Panvel-Uran Bypass are some of the major highways that pass through Kamothe. There is a large bus service and the Belapur Bus Stop and Panvel Bus Stop are in the immediate vicinity. The international airport is approximately one hour drive from the area and also has proximity to upcoming airport in Navi Mumbai.
Check out:- flat for sale in Kamothe
Dronagiri-
Dronagiri is one of Navi Mumbai nodes, located in the Raigad area and at the southern tip of Navi Mumbai. Real estate in Dronagiri remains reasonably priced compared to other parts of Mumbai. Infrastructure growth and associated housing demand are key factors that have driven Dronagiri’s growth in recent times. The JNPT and Reliance SEZ are key business developments driving Dronagiri property growth.
Connectivity and Infrastructure-
The area offers good connectivity to Panvel and Roha. Also South Mumbai is easily accessible from Mora with a crossroads and only 30 minutes by water from Ballard Pier. The railway route has increased the general access to the JNPT together with the Navi Mumbai SEZ. Demand for real estate in Dronagiri is expected to increase after the completion of Navi Mumbai International Airport, as the area is only 10 kilometres away.
Check out:- flat for sale in Dronagiri
Conclusion-
Buying real estate and then turning it into a profitable investment is a popular practice in Mumbai. If you have been looking for best place to live in Navi Mumbai or planning to invest in real estate for a long time, Navi Mumbai is your ideal destination. This is often an investment opportunity for those working in and around Mumbai. The area has a vibrant real estate market with significant capital gains and rental income.
Also read:-
CIDCO begins geo-tagging of plots / land parcels in Navi Mumbai
