Real estate investment is beneficial. This is a statement that all of us have heard countless times. However, what people often miss out on is that for it to be beneficial, there are several things that should be considered. And among all of them is their location. Now while Mumbai is undoubtedly one of the most desired locations for real estate investments, Navi Mumbai too has become a favoured choice for the masses.
And so, in this article we have curated a list of five emerging hotspots in Navi Mumbai for real estate investment. Go through all of the options given below and choose your favourite option.
Kalamboli
One of the most popular residential markets in Navi Mumbai, Kalamboli offers excellent connectivity to its residents. The average property price in this area is around Rs 8,150 per sq ft, making it a highly affordable option. It is situated only five kms from Taloja MIDC and around ten kms from Belapur CD.
The area is strategically located near the Mumbai-Pune Expressway and is well-connected to Mumbai via the upcoming Navi Mumbai International Airport. Kalamrereboli is witnessing rapid infrastructure development, including the construction of a new railway station and the development of a new industrial park. These factors make Kalamboli an attractive investment option for real estate investors.
Ulwe
Ulwe is a fast-growing residential and commercial hub in Navi Mumbai. The area is strategically located near the upcoming Navi Mumbai International Airport and is well-connected to Mumbai via the Mumbai-Pune Expressway.
Ulwe is witnessing rapid infrastructure development, including the construction of a metro rail line and the development of a waterfront promenade. These factors make Ulwe an attractive investment option for real estate investors.
Dronagiri
Dronagiri is another emerging hotspot in Navi Mumbai that is attracting real estate investors. The area is strategically located near the Jawaharlal Nehru Port Trust and is well-connected to Mumbai via the Sion-Panvel Expressway.
Dronagiri is witnessing rapid infrastructure development, including the construction of a new airport and the development of a marine park. These factors make Dronagiri an attractive investment option for real estate investors.
Kharghar
Kharghar is a well-established residential and commercial hub in Navi Mumbai that is witnessing steady growth in the real estate sector. The area is well-connected to Mumbai via the Mumbai-Pune Expressway and the upcoming Navi Mumbai International Airport.
Kharghar is home to several educational institutions, including the National Institute of Fashion Technology and the Indian Institute of Technology Bombay. These factors make Kharghar an attractive investment option for real estate investors.
Panvel
Panvel is a rapidly developing suburb of Mumbai that is attracting real estate investors. The area is well-connected to Mumbai via the Sion-Panvel Expressway and the upcoming Navi Mumbai International Airport.
Panvel is witnessing rapid infrastructure development, including the construction of a metro rail line and the development of a new bus terminal. These factors make Panvel an attractive investment option for real estate investors.
Navi Mumbai is a city of opportunities, especially in the real estate sector. The city offers several emerging hotspots for real estate investment, and Kalamboli is one of them. With its strategic location, excellent connectivity, and rapid infrastructure development, Kalamboli is an attractive option for investors looking to invest in a 1BHK flat.
Investing in real estate can be a lucrative opportunity, and Navi Mumbai has a lot to offer in this regard. Whether it’s Ulwe, Dronagiri, Kharghar, Panvel, or Kalamboli, these emerging hotspots are the ideal locations for investors to put their money into. Each of these areas has its unique features and advantages, making them all great choices for investment.
