Good infrastructure and connectivity are attractions of Kopar Khairane in Navi Mumbai
Q: Due to infrastructural development and excellent connectivity the planned satellite township of Navi Mumbai has witnessed tremendous real estate development in recent years.
Good after noon all, I am planning to invest in property and Kopar Khairane is in my few selected localities. Can you tell me what is the current residential property rates is going on in the locality and if i have to rent out my flat then how much will be the rent? How much appreciation i can expect annually?
Well Himani, The favourable market features has attracted a huge amount of investors and end-users to Kopar Khairane. Capital Values for residential properties in this micro-market currently range from Rs. 9000-13000/sq-ft. whereas rental values ranges from Rs 13000-35000/month. One can expect an appreciation between Rs. 12-15% per annum.
Hi Anuskha, This could be the one reason for a large number of of investors, both from Mumbai and Pune, are choosing Navi Mumbai as their second home destination, and Kopar Khairane ranks high on their list of preferred destinations because of its location near the Mumbai-Pune Expressway and very good connectivity to various key city centres via its strong rail and road network.
I am not ignoring it but at the same time many infrastructure plans are adding value to this location. These include the proposed international airport in Navi Mumbai, the Kopar Khairane-Vikhroli Link Bridge and Sion-Panvel Expressway, and the proposed metro line which will connect the eastern suburbs of Navi Mumbai.
I accept that Veena, We can not over look the social and general infrastructure at Kopar Khairane as it is improving rapidly and many quality educational institutions and hospitals are nearby. The residential supply here is strong, with many reputed developers offering a wide range of residential options at affordable prices. Some projects even cater to the requirements of the luxury segment.
True Suresh, Kopar Khairane is a fast developing micro market of Navi Mumbai, whose realty market has been showing positive signals. It is one of the best locality of Navi Mumbai. Many large multinational companies have set up their corporate offices in Kopar Khairane, resulting in steep rise in the demand for residential and commercial units.
Right Suresh, And at the same time it is also noticeable that many large multinational companies have set up their corporate offices in Kopar Khairane which resulting in sharp rise in the demand for residential and commercial units.