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Real Estate Forum on Property In Navi Mumbai

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Q: Why Mira Road ratings high on rental properties?

Latest Answer: Hello Sneha, Most of the readily available properties for rent here are 1BHK apartments, followed by 2 and 3BHK apartments. The approximate monthly rent of a 1BHK unit is in the range of Rs. 5000-14000 and that of a 2BHK unit is in the range of Rs 10000-20000. Similarly a 3BHK unit is about Rs 15000-25000. The rental prices have started moving upwards. In July 2012 the rental rate per sq-ft. was Rs 12/sq-ft. which has increased to about Rs 20/sq-ft. during Q2 2014, an increase of 67% in 2years.
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Latest Answer: @Veena, The executive committee gave its nod to appoint consultants to conduct techno-economic feasibility study and detail project report for the sub region of Thane-Bhiwandi-Kalyan including the region’s traffic habits and demand for public transport.
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Q: Hello,

Did you come to know that property rates clocked to more than 30% returns in last 2 years.
Latest Answer: In Navi Mumbai the property market is HOT. According to recent fair of real estate market the the project in nerul, kharghar etc increases the prices approximately 10% to 30 %
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Q: What is the future of the vashi- ulwe corridor? What are the future prospects?
Latest Answer: My apprehension is agents and brokers are pushing Ulwe as lower-to-medium income group node. The rates being charged are not in sync though. The current rates in Ulwe are 2800-3750. I've been at the locality, talking to agents, builders and alike this weekend. No project as of now is worth investing. But I'm afraid if I wait the price might go north.
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