Property Advice in Navi Mumbai

Q: I am looking to buy a 2BHK property near Mumbai. It could be Kharghar, Ulve, Taloja, Virar, Nalasopara, or any other area that is close to Mumbai. My budget is 40-50lac, prefer to put in under construction where I can pay in slabs. Can someone pls advise which area is good in terms of investment and if there are any ongoing projects... Many thanks

Hana, Mumbai

27th May 2015

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Replies (4)

Hey guys,
Apart from the above mentione locality one can search property in Nalasopara. It is a suburb of Mumbai situated in the neighbourhood of Vasai-Virar region in the northern part of Mumbai Metropolitan Region (MMR). The area is governed by the Vasai-Virar Municipal Corporation (VVMC). The area is now coming up on the radar of affordable housing.

Shrikant Kejriwal, Mumbai

10th June 2015

Comment

Well Shrikant,
Can you tell me how is the connectivity of the Nalasopara to the rest of the Mumbai City?

Deepankar Godbole, Mumbai

10th June 2015

Good question Deepankar,
Nala Sopara has good connectivity to Mumbai via road and rail. NH-8 is the most important road that connects Nala Sopara to rest of Mumbai. Ghodbunder Road connects to NH-8, providing connectivity to Vasai-Virar and Thane as well as Navi Mumbai. There are regular BEST and VVMT buses. Apart from road, the western line of Mumbai suburban railway passes through Nala Sopara. The Dahanu-Mumbai local trains too connect the area to locations beyond Mumbai.

Shrikant Kejriwal, Mumbai

10th June 2015

Hello,
consult buyright consultancy services

deepa, Mumbai

29th May 2015

Comment

Thanks Jerome,
If we have knowledge, nothing bad to share with the other needy people. May be it helps a lot to them buying their properties. Locality play a major role in terms of buying property.

When it comes to Nalasopara, Nalasopara West is more developed and offers good 2BHK apartments with budget up to 45 lakh.. But be careful about Nalasopara East as there are more illegal apartments.

Vinay Dixit, Mumbai

29th May 2015

Comment

Hi Hana,
Here are the list of under construction project within range of Rs.50-60 lacs. To get more information of this project click the link Under Construction project in Panvel, Navi Mumbai

Ashish Sharma, Mumbai

29th May 2015

Hi Hana,
As per commonFloor market research, there are top 3 areas in Navi MUmbai to buy residential apartment within your budget. Panvel should be your first choice with a restricted budget of Rs 60 lakh. You can easily find 1/2/3 BHK units along with a few 1RK within Rs 60 lakh in Panvel. The property values are in the range of Rs 3800-4700/sq-ft.

Why Panvel?

The locality has excellent connectivity via Mumbai-Pune Expressway, Sion-Panvel Expressway, NH-4, A Navi Mumbai metro corridor from Vashi to Panvel is being planned.NH-4B and NH-17. Ongoing development of the international airport in Panvel will improve the realty quotient of the area. And Panvel Railway Junction is the terminating station for Mumbai suburban railway's harbour line.

Vinay Dixit, Mumbai

29th May 2015

Comment

I agree with Vinay. Panvel is really a good locality for investment and once the Navi Mumbai International Airport has been developed the area will give you a 100% return.

And your alternative area should be Mira Road. the area has a variety of 1 and 2BHK apartments ranging from Rs 60 lakh to Rs 1.2 crore. The capital value falls in the range of Rs 7000-8000/sq-ft.

Why Mira Road?

Well-connected to western and Eastern suburbs in Mumbai via Western Express Highway (WEH) and Ghodbunder Road. Extension of the Mumbai metro line from Dahisar up to Mira Road is proposed. Well-connected to the important business districts such as Bandra Kurla Complex (BKC), Santacruz Electronics Export Processing Zone (SEEPZ) SEZ and Lower Parel via WEH.

Jerome Fernandez, Mumbai

29th May 2015