Navi Mumbai offers enticing real estate landscape

Away from the congested streets of Mumbai, this planned colony in the western coast of Maharashtra has shown profound growth and development in a short span of time. CIDCO extended its arm in the inch by inch development of the area. The authority helped in carving out the infrastructure that has given a new name to the project. The unique architecture of this land has pulled the top notch companies and made this a fascinating commercial destination as well.

According to the 99acres.com Insite Property Report, the well-planned airport has led to the growth of the NAINA, Navi Mumbai Airport Influence Notified Area that influenced the area’s property market. There was a four percent in capital growth in the last quarter. A plethora of factors led to the hike in the property market. The astute construction work of the Metro Project in the region enhanced the transportation and linked this suburban area to the rest of the city. The work is expected to be completed by the year 2017. With more and more industrial hubs and Special Economic Zones gracing the place, the rental value is also on the rise. Young and mid-level professionals from all over the country prefer renting homes rather than buying. Varieties of renting options are also available at affordable prices. The presence of well-connected roads, flyovers, restaurants, malls, market, medical facilities and all other important utilities satisfying the need of the inhabitants of the area makes it a favorable destination for all the residential developments happening in the area.

The various new projects that are carving their foundation in this area are as follows:

1.    Krishh Krishna Residency: Located in Kharghar, this is one of the premier residential plans by the Krishh Developers. Krishh Krishna Residency,The project offers 1BHK, 2BHK and 1RK studio apartment at a reasonable price. Set in the self-contained locality, the plan has all the necessary facilities nearby that will make life comfortable for the residents. The rooms are beautifully designed that has ample space and gets the fresh daylight. Stuffed with all the modern amenities, the project offers 1BHK and 2BHK apartments of size 652 sq.ft. to 1400 sq.ft. at a price range of Rs.34 Lakh to  42 Lakh.

2.    Indiabulls Greens: This is one of the neatly designed and artistically carved residential projects by the Indiabulls Builders that offers 1BHK, 2BHK, 3BHK and 4BHK apartments. The plan is established on the Panvel area of Mumbai in the middle of a pristine and calm environment. Located close to all the essential facilities, the plan offers host of amenities that includes a cafeteria, park, swimming pool, gym, meditation centre, clubhouse, multipurpose hall, play area for kids, video security, intercom, firefighting equipment, Wi-Fi connectivity, power backup, laundromat, rainwater harvesting and many more. The price of 650sq.ft. to 3750 sq.ft. apartments are available at a price of Rs.35 Lakh to Rs. 1.06 Cr.

Therefore, Navi Mumbai is blessed with two crucial factors- value pricing and sorted infrastructure that proffers the buyer with the ideal deal.

Agniva Banerjee is a professional writer who closely follows the real estate sector. Her articles offer genuine facts and information about the realty sector in India.