Kamothe real estate market-A booming spectrum
Kamothe is located to the south of Navi Mumbai, and offers property for every segment of home buyer. Considered as one of the fastest growing nodes of Navi Mumbai, Kamothe is developed and maintained by CIDCO.
Connectivity:
Situated along the Mumbai-Pune Expressway, the locality adjoins the CBD of Belapur. Kamothe is encompassed by Kharghar in North, Kalamboli in East, Taloja in North-East and Panvel in south. Proximity to Uran road helps commuters to reach Panvel easily from the locality.
The closest railway station to Kamothe is Mansorvar railway station which is at a distance of 2.1 km from the neighborhood. Proposed international airport coming up at Navi Mumbai has further added to the demand for residential property in the locality among the buyers and developers.
Public Transport:
The roads are well developed in the locality and the primary means of transportation in the vicinity are auto rickshaws. Such local transportation offers easy transportation from Mansarovar railway station to Mumbai-Pune Expressway.
NMMT, BEST and ST buses offer cheaper means of transportation for long distances from Navi Mumbai. Buses are available from Kamothe bust stop to various nodes of Thane, Navi Mumbai and Mumbai.
Social Infrastructure:
Good social infrastructure and lack of water or electricity glitches in the locality adds to the overall credentials of Kamothe. Some of the major schools in the locality include MNR School of Excellence, K P C English High School and ST Joseph High School. Nobel Care Hospital, Mahatma Gandhi Mission Hospital and Metro Hospital offer necessary medical aid to the residents of the locality.
Real estate and price trends:
Incessant growth of Kamothe has ranked the locality high in the real estate market. Also known as the Jewel of Navi Mumbai, the locality is aided by state-of-the art infrastructure and amenities. The established locality mainly offers 1 BHK,2 BHK and 3BHK apartments to its buyers. The price range in April-June 2012 was Rs 4600- Rs 4800, while the price range in April-June 2013 was Rs 15000- Rs 17000 per sq ft. In one year, there has been a hike of 23% in the rate of multistorey apartments. The rental value per sq ft for a multistorey apartment is Rs 13, while for a residential house it is Rs 10.
Amis Planet Venus, Prime Pride and Kanupriya Apartment are some of the ongoing projects in the locality. To add to it, prime developers of Navi Mumbai, such as Marble Group, Tharwani Developers and Platinum Developers have made their presence felt in the locality. The basic amenities offered by the upcoming projects in the locality include internet/WI-FI connectivity, 24-hour power back-up, RO water system,, maintenance staff, reserved parking, gymnasium, swimming pool etc.
Kamothe boasts of a number of residential and commercial developments that has added value to the locality. The locality has transformed itself into a premium residential address very rapidly and is undergoing tremendous development. The locality has come under the radar of home-buyers and a number of people have shifted to Kamothe. The growth of the locality can also be credited to its strategic location between Khandeshwar and suburbs of Kharghar.
