Navi Mumbai: If you are looking for promising returns over investment in a considerably short span of time, then Navi Mumbai real estate is the right choice. Almost 20-30% returns over investment have been assured by the residential properties of Navi Mumbai.
Some of the locations in Navi Mumbai have seen rapid real estate development in the last two years. These locations include Kalamboli, Ulwe and Roadpali, CBD Belapur, Ghansoli, Airoli, Khopoli, Khandeshwar, Kalamboli, Seawoods, Sanpada, Panvel, Taloja, Navade and many more.
The main reason that home buyers prefer investing in these locations is because of its picturesque surroundings and infrastructure development. Roadways and railways offer excellent connectivity to these areas. Moreover highways have been one of the important factors which have contributed to the multidimensional real estate development.
Let us take the example of Kalamboli. It is the connecting point of the Sion-Panvel highway, Mumbai-Pune Expressway and NH4. An additional factor which makes it the most-sought-after realty destination is its nearness to the airport. Therefore areas in and around Kalamboli have grown in terms of residential and commercial real estate.
Residential property prices in Kalamboli are priced between Rs. 4,300 to Rs. 5,800 per sq.ft. If we consider the residential property prices of other such similar locations, the prices range between Rs. 4,500 to Rs.7, 800 per sq. ft.
Almost 30% ROI have been witnessed by the residential properties of these localities. Capital values have also appreciated to touch the 7-8% mark in Navi Mumbai. Sales have been prospective and have attracted buyers in large numbers who look upto Navi Mumbai realty as a lucrative option for investment.
These prices are expected to shoot up further with the establishment of SEZ’s in Navi Mumbai. With proposals laid down to build the largest sea-link (Sewri-Nhava Mumbai Trans Harbor Link) connecting Navi Mumbai property prices will experience a ten-fold increase. Developers have begun tapping the potential of Navi Mumbai real estate by proposing affordable and luxurious projects in such prime locations.
Buyers and sellers are showing great interest in Navi Mumbai real estates owing to the driving market conditions and infrastructural advancements.
Navi Mumbai is one of the city which is highly developed by residential property, big schools and colleges, Hospitals, IT/ITES park which is very big thing. so all residential projects also attracted there.
Residential Property In Mumbai