Navi Mumbai Property Prices Seeing Drastic Changes & Developments Are Trending
As all we know, there is a drastic change seen in the Navi Mumbai property price. Especially for Panvel location, investments in property are increasing so fast as the constructions in Panvel are increasing. Navi Mumbai International Airport is a major attraction point and a reason for this. But, you still have the chance to book your home in Panvel as it has low rate as compare to other locations. This is because; new developments are still going on. But once it complete, there will not be a match for the price hike.
Refer the following table for Navi Mumbai property price for various cities and you will get to know the rates going on for different locations:
| City | Rate/Sq Ft |
| Vashi | Rs 11180 – 18510 |
| Kharghar | Rs 6940 – 10770 |
| Panvel | Rs 5180 – 8500 |
| Ulwe | Rs 6130 – 9050 |
| Kamothe | Rs 6200 – 8630 |
Highlights of Navi Mumbai:
- Strong connectivity to Mumbai-Pune Highway
- Navi Mumbai International Airport which will be boosting residential demand
- Proximity to workplaces of CBD Belapur, Taloja, Turbhe, Thane, Vashi, etc.
- Navi Mumbai Metro
- Featured Panvel Terminus which will be connecting North India & Other parts of Maharashtra
Locality Hotspots:
- Schools & Colleges
- Hospitals
- Restaurants
- Market Place & Malls
- Petrol Pumps
- Banks
Preference by Budget:
| Budget | Percentage People Interested |
| 70-60 Lakh | 7% |
| 60-50 Lakh | 15% |
| 50-40 Lakh | 14% |
| 40-30 Lakh | 31% |
| 30-20 Lakh | 15% |
| Other | 17% |
Property is the best place to invest your money and various projects are under construction in Navi Mumbai, it became realty hotspot nowadays. And as per this trend, there will be a huge hike in Navi Mumbai property price and you will definitely getting best return after few years.
Source: Times of India & India Times
