Top 3 areas in MMR to buy apartment in 2015

Q: Panvel, Mira Road and Andheri East are the 3 top areas in MMR to buy residential properties in 2015.

Joydeep D,

28th May 2015

Buying property in Panvel, Navi Mumbai

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Replies (2)

Hey Pranab,
I think Mira Road is not a bad option in this budget. As the area is lituated just beyond Dahisar in the far northern part of Mumbai, the area has an variety of 1/2BHK apartments ranging from Rs 60 lakh to Rs 1.2 crore. The capital value falls in the range of Rs 7000-8000/sq-ft.

Lalit Verma, Mumbai

28th May 2015

Comment

Hi Joydeep,
My budget is 80-1.0 crore and eying a property in a well developed area. Can you help me searching property in MMR? Where should i buy property in MMR? Any specific area?

Bulbul Verma,

28th May 2015

Comment

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.

The reason is connectivity via Mumbai-Pune Expressway, Sion-Panvel Expressway, NH-4, NH-4B and NH-17. A Navi Mumbai metro corridor from Vashi to Panvel is being planned. Ongoing development of the international airport in Panvel will improve the realty market of the area once developed.

Pranab Malakar,

28th May 2015