Transforming Rabale Property Market

Q: Hi, how is Rabale property market performing?

Suresh,

27th March 2015

Buying property in Rabale, Navi Mumbai

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Replies (6)

Hi Padma,
A 1BHK apartment has a built up area of about 350-650 sq-ft, while a 2BHK apartment has a built up area of about 650-1050 sq-ft. One may buy a 1BHK apartment for about Rs 30-50 lakh while a 2BHK apartment is available for about Rs 60-90 lakh. Property prices in the area are in the range of Rs 5800-6800/sq-ft. These property prices have not only attracted the middle-class buyers but also a few well-to-do buyers.

Rakshit, Mumbai

31st March 2015

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Well, What is the approximate built-up area of 1BHK apartment in Rabale? And what is its current price?

Padma G, Mumbai

30th March 2015

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Hi Bhaskar,
Rabale's real estate market grew well when Airoli and Ghansoli saw a huge spend in commercial development, however upheld only small houses that could be purchased by the workforce working in the industris close-by. Nonetheless, the area and the profile of workforce has gradually begun changing with the highlights of the close-by area. The region has begun seeing an expanded growth in multi-storeyed apartments.

Rakshit, Mumbai

29th March 2015

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Hi everybody,
How is the real estate trend in Rabale?

Bhaskar Chandavarkar, Pune

28th March 2015

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Thanks Suresh,
How is the connectivity and accessibility of Rabale? Which are the local mode of transport in the locality? How far is upcoming new airport from the Rabale?

Niyati Juthali, Mumbai

27th March 2015

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Hi Niyati,
Rabale is a neighboring area to both Airoli and Ghansoli, the most famous business centers in Navi Mumbai. Because of its nearness to Airoli, the area is decently connected with Suburban Mumbai by means of the Airoli Bridge. The area additionally lies on Thane-Belapur Road, which unites it to CBD Belapur and in addition the industrial area in Thane. There are a few BEST and NMMT buses that give regular transport services here.

Amreesh Murugan,

27th March 2015

@Amreesh,
Apart from the road, the Rabale railway station lies on the Thane-Vashi/Panvel section of the Mumbai suburban railway. There are regular local trains that runs that runs on this route. As of now, the area is long way from the Mumbai International Airport. However, with the forthcoming new airport in Panvel area, it will be just around 20 km from the new airport.

Niyati Juthali, Mumbai

27th March 2015

Hi,
With regards to the residential property market in Navi Mumbai or the Mumbai metropolitan region (MMR), Rabale's real estate doesn't emerge. On the other hand, this 'unsung hero' of Navi Mumbai's realty is seeing fast change in its realty sector and may soon see a recovery of its property market.

While the region does confront a couple of civic issues, for example, unlawful developments and encroachments, with a proper execution of policies, the area is certain to pull in a decent number of buyers.

Amreesh Murugan,

27th March 2015

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