Which are the best areas for investment in Navi Mumbai?

Q: Hi, which area in Navi Mumbai is the best for investment as well as for end use? How much appreciation i can get in 3-5 years? As i am planning for property investment in Navi Mumbai.

Aveek Paul,

26th February 2015

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Replies (17)

Following are the best area to invest in Navi Mumbai

1. Kharghar

2. Panvel

3. ULWE

4. Airoli

5. Ghansoli

Sumit Mankala,

10th April 2017

Comment

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Jaspal, Navi Mumbai

7th August 2016

Comment

Being a financial capital of India, Mumbai is attracting number of people looking for employment opportunities that demands affordable housing. In Mumbai, there are so many residential projects with affordable price and best amenities. Checkout the list of bets areas in Mumbai where one can invest,
Kharghar
Andheri East
Powai
Mulund
Dahisar
Panvel
Virar-Vasai
Worli
Chembur
Vikhroli
Many real estate companies develop residential projects in these areas. One of my colleague has recently bought a flat in Andheri East in Nahar Amrit Shakti by Nahar Group. With affordable price and number of amenities, this township is environment-friendly and carry luxurious flats. They also have residential projects in Chandivali and Powai.

ravi more,

28th July 2016

Comment

As i have spent 8+ yrs in Kharghar, so, i have broad knowledge about this locality. Kharghar, tops my list of places because of personal reasons. More importantly it was the best phase of life till date. Kharghar made it all the more worth it. Other places, would include Nerul, Seawoods, Belapur, Kalamboli, Airoli. Each one of them had their own pros and cons, very difficult to conclude on one single place. It all depends upon various factors such as your priority, requirements, budget, work location, mode of commute etc.

Piyush Khoche, Pune

1st June 2016

Comment

You are right Piyush,
Even i am currently living in Kharghar. It is well connected by Local trains,NMMT buses and Sion-Panvel highway,which is connected with Mumbai and Pune.Real estate rates are economical here as compared to other areas of Navi Mumbai.Number of good eductional institutes providing primary to higher,professional education are there.

Siddharth Rana, Pune

1st June 2016

Hi everybody,
Which is the best area for investment within the budget of 40-45 lakhs? I am a bank employee and currently living in Bngalore but want to shift due to transfer. Any good area for end users?

Rameswari, Bangalore

14th July 2015

Comment

Hello Rameshwari,
Mira Road is a fast growing real estate hotspot in the Mumbai Metropolitan Region (MMR) in recent times. The area emerged as a destination for affordable housing in Mumbai a few years ago. The area grew rapidly due to its great connectivity to prime suburbs of MMR and its affordable property prices, and emerged into a fully developed area. It continues to be popular among the middle income group for both purchase and rent. Considering the planned infrastructure initiatives and the increasing demand for housing, one can expect a considerable growth in the area’s real estate market in the near future.

Vinay Dixit, Mumbai

14th July 2015

Right Vinay,
As far as locality's connectivity is concerned, Mira road provides excellent connectivity to Mira Bhayandar as well as various other parts of MMR. The area has Western Express Highway (WEH), which is part of NH-8, passing through it. It is also connected to Ghodbunder Road in the east, thus providing connectivity to the western suburbs with the eastern suburbs, Thane and Navi Mumbai. R
egular BEST buses are available in the area.

Sunil Joshi, Mumbai

14th July 2015

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Jaspal, Navi Mumbai

7th August 2016

@Sisir,
I think Sunil is right. Ulwe should be your first choice, as it is very close to upcoming Navi Mumbai International Airport. And the price are quite affordable now. It is one of the fast developing nodes in the city and offers 1BHK units ranging from Rs 24-30 lakh.

Secondly, Panvel, as this locality is close to Navi Mumbai International Airport too. Those who have an investment budget of Rs 20 lakh and yet want to stay close to Mumbai, then Panvel has many options for investment. you can find a 1BHK in size ranging from 350-750 sq-ft, within Rs 20-35 lakh.

Kishore Pathak, Mumbai

24th June 2015

Comment

Right Kishore,
Ulwe of Navi Mumbai is the India's best destination for residential flat investment for long term around 5 years. So invest there with a reputed builder and in good location. Annual return would be around 30-35% subject to growth and risk factors.

Rajatrawal, Mumbai

24th June 2015

Right Dharmesh,
Residential project prices currently range from Rs 3000 to Rs 15000/sq-ftfor the Navi Mumbai region. Steady absorption is expected to continue with affordable pricing levels and pick up with more visibility on work of the new airport. As a result of these positive developments the rates would see a band width of lowest rate as Rs 10000 per sq ft at any location in Navi Mumbai.

Sishir,

15th March 2015

Comment

Hey Sishir,
If you are planning to buy property in Navi Mumbai then Ulwe in Navi Mumbai should be your first choice. It is one of the fastest growing nodes of Navi Mumbai. This node has been planned and developed by CIDCO and is fast becoming a preferred destination for many home buyers.

The Uran Road and JNPT Road pass through Ulwe connecting it to localities such as Greater Khanda, Kharghar, CBD Belapur and Panvel. The Vashi Railway Station is the nearest railway station. The nearest airport is Mumbai's Chhatrapati Shivaji International Airport.

Sunil Joshi, Mumbai

15th May 2015

As far as transportation is concerned, the main modes of transport in the locality are buses and auto-rickshaws but there are very few of them. The Navi Mumbai Municipal Transport (NMMT) runs bus services from Vashi, Nerul, Kharghar, Uran and Belapur to Ulwe. A railway station being built nearby called the Bamandongri railway station.

Sunil Joshi, Mumbai

15th May 2015

Hi Govinda,
The transformation of Ulwe from a sluggish suburb into a realty hotspot in only a period of 5 yrs is absolutely wonderful. Improved and kept up by the City and Industrial Development Corporation of Maharashtra Limited (CIDCO). The property estimations in Ulwe have demonstrated soak good and bad times. Nevertheless, the region is slated for a jump later on as some foundation overhauls are in the pipeline. The range appears to be a retreat for speculators with a dream of no less than 3 to 4 yrs.

Suraj Kalled, Pune

15th March 2015

Comment

Hi,
Can anybody give me only one basic reason that why should i invest at Ulwe in Navi Mumbai? Which are the prominent developer who is developing their project in this area?

Govinda,

14th March 2015

Comment

Hey Govinda,
I appreciate your choice of locality. Many upcoming infrastructural projects including the Nerul-Uran railway line, Mumbai Trans-Harbour Link (MTHL), the Navi Mumbai metro and the Navi Mumbai International Airport are the key drivers of growth for Ulwe. Once completed, these projects will provide easy access from Ulwe to other localities in Mumbai Metropolitan Region, Thus, it will hugely influence the entire real estate market of the locality.

Shrikant Kejriwal, Mumbai

15th May 2015

Your second choice should be Panvel as it is one of the fastest growing realty markets in Navi Mumbai and the Mumbai Metropolitan Region (MMR), owing to various growth factors. At the same time great connectivity and the upcoming international airport play a major role in giving a boost to the area’s realty growth, an increasing need for affordable housing in MMR has been another driving force behind the growth of this important area’s real estate.

Shrikant Kejriwal, Mumbai

15th May 2015

I appreciate what Shrikant has mentioned above. Panvel is known as the gateway of Konkan region. Some of the major highways providing connectivity to Panvel include NH-4, NH-4B, NH-17, Mumbai-Pune Expressway and Sion-Panvel Expressway. Sion-Panvel Expressway connects the area to the Mumbai International Airport. Panvel has regular Panvel Municipal Council (PMC) and NMMT run buses to Bhiwandi, Thane, Badlapur, Kalyan, Dombivli, Dadar and Uran.

Ketalpujara, Mumbai

15th May 2015

It also has growing social infrastructure. Panvel has a number of renowned educational and healthcare institutions. New Panvel is expected to be an educational and IT hub in the future. There are several commercial and business establishments such as Larsen & Toubro Ltd, Reliance, Hindustan Organics Chemicals Ltd, ONGC and IPCL situated in and around the node. Panvel is close to several industrial areas such as Taloja, Khopoli, Patalganga and Bhiwandi. if you are planning for investment then your time period should be 3-5 years. It will give you the 100% return.

Abhijit Thanki, Mumbai

15th May 2015

Hello guys,
You can also choose the area around the upcoming Navi Mumbai International Airport. Maharashtra government would be developing a new city NAINA over an area of 600 sq-km there. Majority of the clearances required for the project have been received.Once the city will start developing the the price of surrounding areas will reach sky high.

Jay, Delhi-NCR

13th March 2015

Comment

Airoli is considered the most attractive location in the Navi Mumbai region in terms of physical infrastructure, social infrastructure and development of office space. The areas of Panvel and Taloja are the more affordable locations in the region. With the announcement and development of NAINA, Navi Mumbai notified area which is already developed to a large extent will get bigger valuations.

Dharmesh Shukla, Bangalore

15th March 2015

Hi Ramesk,
As i have mentioned about the Ulwe, its locality and price appreciation. Apart from that you can look for New Panvel and Kharghar are better prospects for you, considering the built quality of establishments in Ulwe currently are below par without many reputed builders investing. Residential properties are a safer bet here, since the resale does not entirely depend upon the market conditions. Residential properties are generally bought by salaried executives on loans. Residential properties can ensure you a constant rent with a budget of 35 lakhs, Panvel would be a better prospect in terms of ROI and appreciation.

Roshni Pawal, Mumbai

13th March 2015

Comment

Thanks for your valuable feedback,
I wanted to know that how good is an property investment in Ulwe? If it has good potential what are the factors which I should consider first?

Ramesk Polekar, Mumbai

12th March 2015

Comment

HI,
I went to Ulwe 2 week back just to check things out. Work on the railway line has made decent progress.. Also quite a bit of work has been done around the Bamandongri station at Ulwe. The beginning stretch if road on the periphery of the reliance SEZ land which is in front of sector 9 has been constructed well. I hope this continues and the whole stretch is completed. At several sectors the drains have been laid.. CIDCOs commercial complex is complete.

Another positive I noticed that there were quite a few couples driving around ..couple of builders offices I peeped into weren't completely empty as was the case about 3 months back.. So things seem to finally be looking up..

Shaunak Verdla, Mumbai

13th March 2015

Mr..Ramesh, if you are a hard working salaried individual with family responsibilities on you..PLEASE!!! DON'T INVEST YOUR HARD-EARNED MONEY IN ULWE..most people who are commenting here ..are not common people like us..They are Agents and Builder's Chamchas who are GREAT WHITE SHARKS WHO WILL REAP YOU OFF..THE MOMENT YOU INVEST IN ULWE..Stupid Hyped City..I AM BORN AND BROUGHT UP IN NAVI MUMBAI..I am here during the days when only 1 STATE TRANSPORT BUS used to operate in a Day from Panvel to Dadar..and there was no other transportation at all during the Days..I am talking about 20 yrs. back...So imagine how much i know this City...If ever you want to invest for safer Bet...
1.Kharghar
2.New Panvel (Specially near Railway Station Area)
3.Nerul ( Prices not for the common man)
4. Taloja ( Will take 5 more years to completely develop...But property rates going up steadily)
5.Karanjade ( Good Projects)
6.Roadpali

Hope this help you out....Thanks

Imran Shaikh ( Nerul)

IMRAN SHAIKH,

22nd March 2015

Mr.Shaunak, please go to Ulwe when it starts getting Dark...and you will very much realize where in the Hell you are..If Somebody tries to rob you..or even tries to murder you..Nobody will be in your sight..FOR HELP..stretch your views as far as possible you can..

IMRAN SHAIKH,

22nd March 2015

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Jaspal, Navi Mumbai

7th August 2016

HI,
Which is the best option for investment in Navi Mumbai, Roadpali, Karanjade or ulwe? My budget is 45 lakh.

Ramesk Polekar, Mumbai

12th March 2015

Comment

Hi Ramesh,
Ulwe in Navi Mumbai is developing at a very fast rate. Within a time period of 4 years property prices have become more than double. For example, projects launched at Rs 2000-2500/sq-ft are now available at Rs 5225 to 5750/sq ft. Karnjade is also an upcoming location. Properties values are in the range of Rs 4450 to 4750/sq-ft. It is strategically located between the proposed Panvel airport and the Khandeshwar railway line, with both lying at a distance of 2.5 km on either side of Karanjade. Thus property values are expected to rise in the future. In Roadpali the capital values are slightly higher at Rs 5550 to 7100/sq-ft.

Manilal Patel, Mumbai

12th March 2015

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Jaspal, Navi Mumbai

7th August 2016

Yes,
It has one of the largest SEZs in India is being set-up in Navi Mumbai, under the careful supervision of CIDCO. With the land already in its possession, the agency has also acquired all the approvals from the State and Central governments.

Wasim Mohammad, Pune

28th February 2015

Comment

Hi Everybody,
Navi Mumbai is today the largest planned new city in the world. It lies on the mainland on the eastern seaboard of Thane. The city limits here stretch from Airoli near Thane in the north to Uran in the south. Excellent infrastructure, lower pollution levels, less traffic, 24-hour water facilities, educational facilities and reasonably priced commercial and residential real estate are the key elements that attract the buyers towards Navi Mumbai, especially from the western and central areas like Andheri, Bandra, Vile Parle etc.

Priyanka Vats, Pune

28th February 2015

Comment

Yes,
I think Jerome is right. Some of the growth factors in the locality are proximity to Navi Mumbai International airport, well connected with the important Thane-Belapur Road through the Uran Road which also connects it with the JNPT Road that goes towards the Jawaharlal Nehru Port, in spite of the fact that plans for SEZ has been nook,there would be large scale commercial development here.

Ravi Waghmare, Mumbai

26th February 2015

Comment

HI Aveek,
Seeing the current real estate market in Navi Mumbai, i would suggest you to go for Ulwe. Ulwe in Navi Mumbai is the India's best destination for residential property investment for long term around 5 years. So invest there with a reputed builder and in good location. Annual return would be around 30% subject to growth and risk factors.

Jerome Fernandez, Mumbai

26th February 2015

Comment

Hi Jerome,
The prices of apartments in Ulwe have remained constant for past 3 qtrs. The developers in the area are cutting their prices a little. So this might be the right time for you to invest in a property in Ulwe.

Ayesha Bibi, Kochi

27th February 2015