Will Navi Mumbai properties see high pricing as Mumbai?

Wide roads, planned settlements, greenery around- Navi Mumbai is better explained as modified version of Mumbai which has the capacity to uphold the bustling population. But will the new town see strong dynamics as the old city? Well, Magicbricks tells you if yes, how?

Check out properties in your budget in Navi Mumbai

Proposed infrastructure

Trans Harbour Link Road, Jawaharlal Nehru Port Trust SEZ, international airport at Panvel, laying of railway tracks are some of the growth drivers in Navi Mumbai that is attracting buyers’ interest in the area. “Sewri in Mumbai is Rs 18,000 per sq ft while Panvel is Rs 4,000 per sq ft. Once the connectivity gets eased up the equilibrium will be set which will appreciate the real estate values in new town,” says Ravi Ahuja, executive director, Cushman & Wakefield.

Good demand

The city is comparatively affordable, has more open spaces and planned infrastructure which invites buyers’ with long term vision to invest in the realty.

Attractively priced

Golf course, natural and artificial water bodies, themed park and an international stadium makes Navi Mumbai no less than a self sustained city. Still, a 2BHK property can be bought here within Rs 50 lakh in localities like Kharghar, Ulwe or Kamothe. If no, why?

Proposed but not yet executed infrastructure

Infrastructures proposed in Navi Mumbai are although planned but not yet executed. This is hampering the sentiments of prospective buyers.

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About Us

MCHI-THANE has always been very clear that fine housing complexes and shopping malls cannot stand in isolation. A great City is the sum total of great buildings, great infrastructure and great people. MCHI has been committed to growth of the real estate sector and is credited with the harmonious growth and rise in quality and standards of construction in Thane City in the past decade.

Its aim as an Association of Developers has been to seek rational rules and regulations which are uniformly applied across the board as this will to a great extent result in speedy construction, cost reduction, fair pricing and a push for better quality standards at par with the developed world, with a high level of transparency.