4 best places to purchase property in Navi Mumbai

A decade earlier, Navi Mumbai was merely known as an extension of the city of Mumbai. In recent years, the city has witnessed exponential growth and has emerged as the most rapidly growing city in India. A plethora of businesses and large conglomerates have shifted base to Navi Mumbai as the city is cleaner, greener, prettier, and most importantly, it is far less expensive to purchase commercial property in Navi Mumbai as compared to Mumbai. This has acted as a catalyst for real estate boom in Navi Mumbai. Property buyers and real estate investors are thronging this city! Builders in Navi Mumbai, too, have started taking on multiple projects in multiple locations in the city simultaneously.

However, after all this being said, just like it is the case with every developing city, some areas are more suitable for purchasing property in Navi Mumbai than the others. And these locations may, or rather would change over the years. As things stand in 2019, the following 4 areas are best for buying offices or flats in Navi Mumbai.

1. Panvel
Panvel is the most populated area of Navi Mumbai. It was one of the first areas in the city to undergo rapid growth and that helped it transform into a major commercial and residential hub of the city. Companies of the stature of L&T, ONGC, and IPCL now call this node their home. These companies provide employment to many residents of Panvel. The New Panvel city has been developed to take care of the housing needs of such residents. New Panvel is maintained and run by CIDCO. The proposed International airport at Navi Mumbai is right next door to New Panvel. Many crucial transport routes and highways, such as NH 4B, NH 66, and Mumbai-Pune Expressway, pass through or originate from Panvel. This makes Panvel a much sought after location for buying flats in Navi Mumbai.

2. Kharghar

Kharghar is one of the most lucrative places to make property investments in Navi Mumbai; courtesy its location on the Sion-Panvel Highway, the plethora of facilities and amenities in this node, and its cleanliness. The world’s largest ISKCON Temple is proposed to be built here. Besides, there is a huge 18-hole golf course here for golf fanatics. The public transport facilities are also quite sorted in Kharghar. NMMT buses and local trains ensure that Kharghar’s residents don’t face any transportation issues. Flats in Kharghar are slightly on the expensive side as compared to other nodes of Navi Mumbai but the investment is definitely worth it.

3. Ulwe
Ulwe, located in the district of Raigad, is in close proximity of the Sion-Panvel Expressway as well as the Jawaharlal Nehru Port. even though Ulwe is still developing, you shouldn’t be surprised if it becomes the most sought after location in Navi Mumbai in the near future. Reliance Industries have announced a Special Economic Zone in this node and the proposed Nhava Sheva - Sewri sea link will only add to Ulwe’s appeal as a residential and property investment hub. Builders in Navi Mumbai have already identified this possibility and have started residential and commercial projects in this area.

4. Dronagiri

Dronagiri is a developing node of Navi Mumbai located right at its southern tip and to the east of Uran. Dronagiri is only just witnessing the residential bloom that other nodes of Navi Mumbai have already witnesses. As a result, this location attracts a lot of property buyers looking for a 2 BHK or a 1 BHK in Navi Mumbai as the property rates here are lower than in other parts of Navi Mumbai. It is ideal for both property buyers and investors. If you are looking for a property in Dronagiri, it would be worth your time to check out Vishwa Green Realtor’s Vishwa Abha project here.

Navi Mumbai is a wonderful city to make a property purchase in. but the 4 nodes mentioned here offer more attractive and lucrative options than the others. Choose wisely!