Property prices in Nerul touch 30% returns in 2 years

Q: It seems that property prices inj Nerul clock over 30% returns in 2 years.

Sandeep Mhatre, Mumbai

27th February 2014

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Replies (3)

Hello Suresh,
The robust social and physical infrastructure has also helped Nerul's real estate market to grow. The locality boasts of all amenities required by an end-user such as hospitals, schools, restaurants and entertainment zones. Hence, the locality continues to rule the roost for rental accommodation as well

Kishore Pathak, Mumbai

27th February 2014

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Yes Kishore you are absolutely right. Nerul also has options to suit varied budgets. The locality has seen a spate of new project launches by several builders who are coming up with all kinds of configurations.

Vinay Dixit, Mumbai

27th February 2014

Hi Ramesh,
In fact Nerul also boasts of good connectivity to other parts of the city ably supported by Navi Mumbai Muncipal Corporation and CIDCO. The area is constantly served by a well-built network of public transport, which includes Navi Mumbai Municipal Transport (NMMT), Brihanmumbai Electric Supply and Transport (BEST) and State Transport (ST) buses.

Sunil Joshi, Mumbai

27th February 2014

Comment

Hey Sunil,
Nerul has registered a capital appreciation of above 30% in last 2 years. It has turned out to be a potential investment option for home seekers and investors. The trade pundits have predicted that the locality could reap good returns in the coming 5-7 years. Its proximity to commercial centers is expected to keep the residential demand high and investors can look for healthy and appreciating rental returns.

Suresh Khanna, Mumbai

27th February 2014

Hi,
Heard that properties in Nerul are seem to be giving good returns in recent times. With a host of positive factors such as a well built social infrastructure, connectivity and a wide variety of options, the area has shown appreciating trends in the last few years.

Ravi Waghmare, Mumbai

27th February 2014

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Hi Ravi,
Looks like things are getting a face lift in Nerul in present times. This is mainly due to the proposed metro rail coming up and also the proposed international airport which is likely to further impact the property values of Nerul.

Ramesk Polekar, Mumbai

27th February 2014