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Budget Localities In Navi Mumbai For Residential Properties

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Budget Localities In Navi Mumbai For Residential Properties – Real Estate – Commercial Property

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Property prices in Mumbai have been touching the skies from quite some time. However, a good realty destination to acquire cheap residential properties near Mumbai would be-Navi Mumbai. Its counted amongst one of the largest fully planned city of the world with a total area of 344 sq. km. Even corporate houses find it suitable for their base of operations, whether Indian or MNCs. Being closer to Mumbai, people looking for cheaper and affordable residential properties, find it perfect for their residential needs. This is the reason that the citys residential property market is receiving huge demands. You can search for all types of residential properties, from good and affordable houses to residential apartments that suit your budget and requirements.

A large number of people, who stay at Navi Mumbai, travel to Mumbai on a daily basis. Given the staggering prices of Mumbai residential properties, people started to look for newer avenues and Navi Mumbai is their foremost choice. The city has got to offer cheap residential apartments, affordable houses and economical plots. Below are a few localities in Navi Mumbai that should be in your list when you plan to do a research for buying residential properties in Navi Mumbai:

Koper Khairane- Situated at a distance of 12 Km from Thane and 7 Km from Vashi, Koper Khairane is the 4th station on the Thane-Turbhe-Vashi railway line. There are 3 engineering and one Diploma College in Koper Khairane. It as also well connected to Mumbai by Buses. The Reliance Industries is about to build a very large corporate house here and which will surely cause a sudden rise in real estate prices here.

Ghansoli- Located at a distance of about 20 minutes by bus from Vashi, the locality is newly developed and a good option for residential apartments and commercial properties. Being newly developed, the area offers apartments for sale, at a comparatively cheaper price. The area is easily accessible by Mumbai from Thane via Vashi/Nerul.

Khargar- It started to develop in 1995 and is located at 4 hour drive from Mumbai on the Mumbai-Pune highway. A number of new projects are being developed here in the residential property and commercial property segments. It is surrounded by lush greenery and is no less than a hill station. The infrastructure here is all in place and hence makes this area optimum for acquiring property.

Airoli- It is connected well with the two most developed areas of Navi Mumbai, Vashi and Nerul. As an educational centre for Navi Mumbai, it has engineering college, polytechnic, junior college and few good schools. It is well connected to Mumbai via Thane (Suburban Train) and Mulund (Mulund-Airoli Bridge). The two main residential areas are Airoli Village and Diva Village. Few malls have also sprung up in the recent past. The Ripplez Mall is under construction and D-Mart has already been built. It is a popular choice for residential apartments.Kamothe- Kamothe is located at the Mumbai-Pune Expressway and is less than half an hour drive away from Mumbai. There are numerous real estate projects in the area and one can easily find residential apartments at cheap prices as well.

Lets have a look at the average residential apartment prices in the above mentioned areas:Area//Average Property Prices/Sqft (INR)//Average Property Rents/Sqft (INR)

Airoli //3906//12Ghansoli//3804//12Koper Khairane//4098//14Kharghar//3629//10Kamothe//2490//6

About the Author

Zamanzar is a real estate advisory firm headquartered in New Delhi, India. We offer online search tools to find property and offline services to help complete the transaction. Our services cater to real estate buyers, renters, and sellers.

Use and distribution of this article is subject to our Publisher Guidelines
whereby the original author’s information and copyright must be included.


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