Kopar Khairane is an upcoming locality in Navi Mumbai. Built on reclaimed land by City and Industrial Development Corporation (CIDCO), it is a posh locality with a number of popular eateries, stores, schools, and hospitals located within its precincts.
Lokmanya Tilak Institute of Architecture and Design Studies and Lokmanya Tilak College of Engineering are popular colleges situated in the area. Also located in Kopar Khairane is the Dhirubhai Ambani Knowledge City, headquarters of Reliance Communications.
Connectivity and Transit Points
In Kopar Khairane, one is spoilt for choice when it comes to choosing a mode of transport. The most popular way of getting around here, apart from private vehicles and buses, is the Mumbai Suburban Railway network. Kopar Khairane Railway Station is an easily accessible transit point.
One can board trains from here, every 10 minutes during peak hours, and every 20 minutes at other times. The trains are reliable and help people cut down on travel time. Using this system, it takes only 20 minutes to reach Thane, 15 minutes to reach Nerul, and 40 minutes to reach Panvel.
Mumbai’s famous BEST buses (Brihanmumbai Electric Supply and Transport) run punctually, and are available from Kopar Khairane to Chembur, Sion, Dadar, Worli, Ghatkopar, Mulund, Bhandup, Powai, Dindoshi, and Borivali.
NMMT (Navi Mumbai Municipal Transport) buses also connect Kopar Khairane to Thane, Dombivli, Uran, Panvel, Mulund and Borivali. Air-conditioned buses are available to Dadar, Worli, and Borivali.
Kopar Khairane is located about 20km from Navi Mumbai International Airport and 27km from Chhatrapati Shivaji International Airport. Bus stops dot the area at regular intervals and make commuting hassle-free. Auto-rickshaws and taxis are very common, and can be hired easily.
â— Kopar Khairane Railway Station
â— Dhirubhai Ambani Knowledge City
â— Thakur’s Laboratory
â— Millenium Business Park
Factors for Growth in the Past
Kopar Khairane began to grow in earnest after the extension of the harbor railway line in the 1990s. CIDCO provided the basic infrastructure required for building a city (water, roads, and electricity), and the rest of the development was carried out by private builders.
A number of major companies have their offices in Kopar Khairane. This promoted growth as employees sought accommodation close to their workplace. Dhirubhai Ambani Knowledge City has been around from 2002. Millennium Business Park, also in Kopar Khairane, houses a number of companies, among which are L&T Infotech, 3Di Systems, and Allied Digital.
Nearby Mahape houses a number of major corporate offices in Maharashtra Industrial Development Corporation (MIDC). This has also contributed significantly towards the high realty value of this locality. In addition, the presence of reputed institutions in the area attracted a huge young population.
Residential and Commercial Market
Residential Market Trends
The price trends for Kopar Khairane have gone through various ups and downs over the last few years. However, they seem to have mostly stabilised over the last few quarters.
In Q4 2013, prices in Kopar Khairane appreciated to Rs 9,200 per sq. ft. More recently, in the second quarter of 2014, prices went up and stood at Rs 9,900 per sq. ft.
Commercial Market Trends
There are also a number of office and commercial spaces in Kopar Khairane, both for rent and sale. The ratio is skewed in favour of commercial spaces for rent.
The price for buying commercial property can vary between Rs 1,000-30,000 per sq. ft., depending on the type of property and its location.
Rental prices for commercial properties can vary from Rs 15-500 per sq. ft. Because of the prime location and good infrastructure, there’s a lot of potential for commercial activity.
Problems with garbage collection and sanitation have been observed in the past, which has led to health problems for residents of the affected areas.
Long power cuts because of faulty cables have occurred before, but this is rare and usually fixed speedily. There have also been persistent, short power cuts in some areas because of excess demand that the power stations cannot meet.
Heavy rains disrupt everyday life during the monsoons and, in some cases, contribute to the spread of disease because of the waterlogged streets. The waterlogging also causes traffic problems and deteriorates the road, causing potholes.
Factors for Growth in the Future
Kopar Khairane has a lot going for it in the future. A lot of commercial establishments set up in the area cater to the needs of the residents. It is also well connected and has good social and physical infrastructure. From here, one can easily travel to Navi Mumbai and Mumbai. These factors coupled with potential business growth will make Kopar Khairane an attractive investment destination in the coming years.