Top 5 Rental Destinations in Navi Mumbai : A CommonFloor Report
Navi Mumbai is an important region of the Mumbai Metropolitan Region (MMR), planned by the City and Industrial Development Corporation (CIDCO). It is also the largest planned city in the world. It is situated in the eastern trans-harbour of Mumbai. The region covers about 150 km of the total 720 km of the Konkan coast. CIDCO had originally created 14 nodes/townships in Navi Mumbai. There are also new nodes currently being developed in the region. At present, some of the nodes are being managed by CIDCO, while the remaining are managed by the Navi Mumbai Municipal Corporation (NMMC).
“As part of ‘Real Insights’ into real estate, CommonFloor.com has come up with a detailed report on Top 5 Rental Destinations – one of the key micro-markets in Navi Mumbai – with in-depth analysis based on CommonFloor data.
For detailed report“ 
Navi Mumbai has a very good connectivity and accessibility from Mumbai and Thane. The Vashi and Airoli bridges connect Navi Mumbai to the main city of Mumbai, while the Thane-Belapur Road connects several nodes of the region to Thane. Several other roads have been developed over the years in Navi Mumbai, thus significantly improving its connectivity and accessibility. Several nodes also lie on the central and harbor line of the Mumbai’s suburban railway network making it accessible via rail. The region is now about to witness a metro rail service and an international airport.
The region has a vibrant industrial and commercial activity in areas such as Vashi, Kharghar, Belapur and Taloje. The last decade has seen a steady growth of IT/ITeS sectors in Navi Mumbai with several IT companies such as TCS, Patni Computer Systems, L&T Infotech, Aptech and Wipro based out of here.
All these factors have led to a vibrant residential real estate activity over time in several areas of the region, including purchase and rentals. The following report gives a picture about some of the best rental destinations available in Navi Mumbai. Based on data obtained from CommonFloor, the top five areas with the most number of rental property availability are found to be Kharghar, Kamothe, Vashi, Nerul and Kopar Khairane. The report analyses these five localities across four important parameters: availability, sizes, monthly rentals and rental yield, and presents the findings.
