Airoli is a well-developed residential and commercial node of Navi Mumbai. The suburb has great connectivity to Vashi, another one of Navi Mumbai’s developed neighborhood. Airoli has two chief residential areas, namely Airoli Village and Diva Village.
Airoli was planned and developed by City and Industrial Development Corporation (CIDCO), but later taken over by Navi Mumbai Municipal Corporation (NMMC). Divided into 28 sectors, Airoli is one of the pivotal nodes of Navi Mumbai. With well-designed roads, foliage all around, and high-quality infrastructure, Airoli is one of the best modern residential localities one can find.
The area has the presence of a large number of IT parks like iGate Knowledge Park, Print City, Reliable Tech Park, and Mindspace SEZ. Apart from IT parks, Airoli is home to shopping centres like Max Mall and D-Mart. Almost every sector in Airoli has basic amenities like departmental stores, supermarkets, banks, and ATMs.
Airoli also serves as an educational hub and is home to nearly 24 schools and colleges. Some of the prominent educational institutions are Datta Meghe College of Engineering, Mehta College, New Horizon School of Management, St. Xavier High School, and New Horizon Public School. National Burns Center, Asha Hospital, and Avdhoot Hospital are three of the many hospitals in the locality.
Connectivity and Transit Points
Airoli has good connectivity to other parts of Navi Mumbai, Mumbai, and other cities in Maharashtra. Thane-Belapur Road in the north and Eastern Express Highway in the south ensure smooth connectivity. Buses are one of the major modes of transport in Airoli. NMMT and BEST buses ply from Airoli to other areas inside Navi Mumbai, and Mumbai.
BEST offers bus services from Airoli to Vashi, Mulund, Powai, Borivali, and Chembur, while BEST buses run from Airoli to Thane, New Panvel, and Bhayandar. NMMT also has AC buses which run from the locality to Vashi, Borivali, and Dindoshi.
Airoli has a railway station which lies on the Harbour Line of the Mumbai Suburban Railway network. Other modes of transportation in the city are taxi cabs, and auto-rickshaws, which are seldom used because of the steep rates.
The main railway station of Navi Mumbai, Panvel, is located about 28 km from Airoli. The nearest airport from Airoli is Chhatrapati Shivaji International Airport, which is much closer, at a distance of 19 km.
Major Landmarks
â—� More Supermarket
â—� Airoli Bridge
â—� Airoli Tower
â—� Rajiv Gandhi Garden
â—� Diva Circle
â—� Sahakar Bazaar
Factors for Growth in the Past
One of the key factors that influenced the growth of Airoli is the planning of the locality. Another reason why Airoli became one of the popular residential localities in Navi Mumbai is the greenery surrounding the locality. The area's growth was also stimulated on by modern infrastructure, wide roads, and basic but important amenities like sewerage, water, and drainage.
Originally a part of the industrial belt on Thane-Belapur Road, Airoli evolved due to the development of a number of commercial hubs catering to the IT/ITeS and financial sectors.
Construction of Mulund-Airoli Bridge also played a key role in the expansion and growth of Airoli.
Residential & Commercial Markets
Residential Market Trends
Most of the residential properties in Airoli are apartment projects. While apartment projects were initially targeted at the mid-income group, there are now several projects in Airoli targeting the high-income group due to the influx of NRIs.
The sale price of apartments in Airoli has risen gradually over the last few years. The Q2 (2014) prices for apartments in Airoli ranged between Rs. 7,600 and Rs. 15,200 per sq. ft, while the rent for an apartment ranged between Rs. 19 and Rs. 21 per sq. ft. The sale price of a residential house, on the other hand, ranged between Rs. 8,400 and Rs. 9,200 per sq. ft. while the rent ranged between Rs. 19 and Rs. 22 per sq. ft.
Commercial Market Trends
Airoli has a thriving commercial market as well. With several pockets of large-scale commercial office projects, Airoli has witnessed a rise in the sector. This is also due to the proximity to the bigger commercial hubs of Thane and Mulund.
The rent price for a commercial property in Airoli for Q2 (2014) was between Rs. 38 and Rs. 62 per sq. ft.
Major Challenges
Airoli is slowing starting to face a shortage of water, especially during the summer season. Some areas of Airoli also face mosquito menace due to the open drains and ponds in the locality.
Factors for Growth in the Future
Lack of space in older localities of Navi Mumbai like Vashi has caused a rise in demand for residential and commercial projects in Navi Mumbai. This works well for Airoli and provides a good opportunity for growth.
The establishment of proposed Navi Mumbai International Airport will be a major growth factor for the locale, and prices of properties in the locality have already increased after the announcement of the airport in Navi Mumbai. The upcoming airport will be about 19 km from Airoli.
Palm Beach Marg, a coastal expressway connecting Belapur to Vashi is proposed to be linked to Airoli. This will boost the connectivity further.
