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Real Estate Forum on Properties For Sale In Navi Mumbai

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Latest Answer: As far as project locality is concerned, Panvel is the most populated city in Raigad district. The recent developments of Panvel are in New Panvel. Panvel is strategically located on the eastern side of the Mumbai- Bangalore National Highway (NH-4) and the Mumbai-Pune Expressway. It is well connected to rest of India by road and railway. New Panvel is just adjacent to the proposed Navi Mumbai International airport. A Reliance SEZ is also coming up in the vicinity. It has a number of schools, colleges and hospitals to meet the needs of its residents.
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Q: Hi, which factors drive the realty market of Navi Mumbai? Can you list the name of some localities that are becoming realty hotspots in Navi Mumbai?
Latest Answer: @ Piyush, The average built area of a 1BHK apartment is about 530-715 sq-ft. while that of a 2BHK apartment is about 700-1150 sq-ft. The average property value of a 1BHK apartment is about Rs 24-40 lakh and that of a 2BHK apartment is about Rs 30-70 lakh. A 3BHK apartment may cost about Rs 70 lakh-1 crore.
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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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Q: Hi, which area in Navi Mumbai is the best for investment as well as for end use? How much appreciation i can get in 3-5 years? As i am planning for property investment in Navi Mumbai.
Latest Answer: Following are the best area to invest in Navi Mumbai 1. Kharghar 2. Panvel 3. ULWE 4. Airoli 5. Ghansoli
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Latest Answer: Sai World City by Paradise Group has all the necessary approvals. CIDCO has approved this project and the construction work will start form the next month. Almost all the leading banks and financial institutions are offering loan for this project. They are giving possession of Phase-1 in December,2019. Basic amenities such as shopping mall, cricket ground, badminton court, 5-swimming pool, 2-club house, joggers park, children play area, spa (Ladies+gents), aerobics etc.
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