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Q: How Naigaon looks 2-3 years beyond the line as currently there is no water supply..no ammenties..and How is this builder?

Ronak Jain, Apartment Resident

12th July 2014

Builder Review in Parasnath Nagari, Naigaon East, Mumbai

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I agree with Rakshit. Instead of having flimsy opinions based on a trivial google map picture, the facts need to be rechecked. Salt Pans are on the Naigaon west and in areas de marked off for salt pans. The formation of Palghar as a district is a positive change and will augur well for the development of areas under the new district in terms of funds earmarked for development initiatives. Some such being east west bridges and road connectivity on the Vasai Creek to connect Naigaon with Mumbai via Bhayander. I am positive about the development of the area and have put in my investment in Naigaon. Cheers!

Gururaj Biradar , Apartment Resident

1st September 2014

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Also rates are in the area are range of 3600 to 4200 on a conservative basis......There are a couple of builders in the fray. If one were to invest one would check the reputation of the builder rather than the price before deciding on any project. This holds true for any area that one would want to invest.

Gururaj Biradar , Apartment Resident

1st September 2014

Hello Rakshit,
But when we looking at the map of Naigaon, one can see a lot of salt pans in the area . A few things come to mind that salt pans are ecological sensitive zones . And construction in ecological sensitive zones are regulated by environmental laws .
Salt pan ownership is claimed by the Salt Department , Govt of India .The title of many salt pans in and around Mumbai are in disputes in various courts .

Shantanu Kumar, Mumbai

14th July 2014

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Hi Shantanu,
In my opinion, Naigaon east looks quite promising given the below facts:-
1) Area is under rapid development and shaping up like a new mini city, with proper planning by MMRDA, govt agencies, etc.
2) Proximity to Mumbai. Infact distance from Mumbai limits to Naigaon is quite shorter even when compared to Ghodbunder road, etc. Virar east is good 40 kms from Mumbai limits.
3) Property is available at attractive rates i.e 3600-4200/sq-ft avarage compared to rates in Virar 4500-5000 psf+. So, scope of appreciation looks more in Naigaon. I expect entire belt from Naigaon to Virar to be priced in same band over time, once whole area develops.

Rakshit, Mumbai

14th July 2014

Well Rakshit,
But rates quoted by builders are very-very high as one of my collegue booked in Naigaon 1 yr back at 3000/sq-ft.
So, my suggestion all the buyers that try to negotiate or wait for prices to settle down from current label then invest in and around 3500/sq-ft with good reputed builder and project in high development stage or nearing completion.

Shantanu Kumar, Mumbai

14th July 2014

Hi,
Naigaon is the next station on Western line and hardly 15 minutes by road from Mira road. So, with all round development and proper planning by MMRDA, Naigaon is going to be the next Mira road in next 2-3 yrs. Not under VVMC, water problems etc, which are bound to be sorted out gradually as the area develops, as was the case with Mira rd and Bhayandar some years back. At price points between 3600 to 4200 psf property is attractively valued compared to other areas on Western line. Once Naigaon comes under VVMC and area develops further.
Hence, i feel it is a good time to buy now when it is still affordable, compared to other areas on western line. Ensure you do the investingation like checking CC for complete bldg, papers etc before buying.

Rakshit, Mumbai

14th July 2014

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