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Home > Forum > Mumbai > Real estate News > Real estate rates in Navi Mumbai

Real estate rates in Navi Mumbai

Q: How is the rates of properties in Navi Mumbai? Is it similar to Mumbai?

properties in mumbai
real estate in mumbai
projects in palm beach road
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Replies (4)
1
Which the hottest residential destination in Navi Mumbai?
Sankalp


Ulwe, located in the Raigarh district in Navi Mumbai, is considered one of the hottest destinations in the region because of the upcoming Nhava-Sewri road-link in the locality. Close proximity to the international airport also adds to the number of reasons for preferring Ulwe for residential properties.
Abhishke Karule,  Mumbai
22nd July 2013


According to local builders and developers, the present land crisis in Mumbai, has stimulated the rise of Navi Mumbai’s real estate fortunes significantly. Factors such as excellent infrastructure growth ( proposed airport and Mumbai Trans Harbour Sea Link), adequate availability of land and easy connectivity to island city once the CST-Uran rail link and Sewari-Nhava Sheva sea link comes up, has further fueled the growth of the real estate market in Navi Mumbai.
Kishore Pathak,  Mumbai
22nd July 2013


2
Kesar Solitaire is one of the coming project in Palm Beach Road. Some other projects like NRI Complex Phase II, Mariners Lagoon Serenity, Shree Ananta Apartment, Shagoofa and Sea Palace are in ongoing status.
Praveen Modi


The price of apartments in this area starts from Rs 50 lakhs to Rs 4.20 crores
Praveen Modi,  Mumbai
22nd July 2013


Navi Mumbai, a planned Satellite Township in Mumbai, has experienced a major surge in the real estate market in recent times. Properties here sells like hot cakes and real estate players, buyers, and investors all try to get benefited from it, thereby triggering the price significantly.
Kishore Pathak,  Mumbai
22nd July 2013


3
I agree with Mr Bikram. The rate per sqft in this stretch 10 years ago was Rs 2,500 per sqft.
Rakshit


What are the ongoing projects in Palm beach Road? What is the price range?
Sankalp,  Mumbai
22nd July 2013


4
Despite a slack real estate market, the high property prices has spread from Mumbai to Navi Mumbai.
Rakshit


The Palm Beach Road stretching from Vashi to Belapur is demanding property price equal to some hot spots in Mumbai. The fancy new buildings in this stretch are going for anything between Rs 15,000 to Rs 20,000 per sqft.
Bikram,  Mumbai
22nd July 2013


The real estate market of Mumbai comprises of a decent mix of investor interest and end users. Equivalent to the prime localities of Mumbai, Navi Mumbai has appreciated a lot in recent years. In Navi Mumbai, the localities mainly preferred by home buyers include Sea Woods, Nerul and Koperkhairane, which have to appreciated by 22.4%, 23.4% and 16% respectively.
Abhishke Karule,  Mumbai
22nd July 2013


5

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