Kharghar to see over 30 new residential projects

Kharghar located in Navi Mumbai, has grown into a popular residential housing option for buyers. Laxmi Gusain, a resident of Sector 35, Kharghar says, “In 2013, our family shifted to Mumbai and started look for a decent 2BHK apartment and our search took us to Kharghar. The price of property here was affordable as compared to the localities in South Mumbai which we were previously considering.”

What is available?

According to the MagicBricks data, more than 30 new projects are slated to come up in the area and most of them are 2BHK units. Many residential projects are scheduled for delivery/possession by 2016 and some by 2018. The locality offers 1, 2 and 3BHK apartments. The price of a 1BHK apartment in the locality is between Rs 30-50 lakh, sized 450-700 sq ft, followed by 2BHK units available within Rs 50-70 lakh and sized 1000-1200 sq ft.

Darmiyan Singh, a senior CISF official, residing at CISF Colony, Kharghar, says, “Presently, I live in the CISF Colony and am looking to invest in a residential property in the same locality. Kharghar has well-planned infrastructure such as schools, colleges and hospitals and is also witnessing a lot of township development. Looking at the rapid growth and development, investing here can result in healthy returns in future.”

Reasons to invest

Abhishek, a local broker active in the area says, “The natural beauty of Kharghar is one of the main reasons attracting buyers to invest in second homes here.”
At present, Kharghar is on the path of fast-paced development which has impacted its realty with constantly increasing prices. Therefore, investing now for affordability and an assurance of good returns in future, makes sense.
Increasing number of upcoming residential projects, proximity to both Nasik and Pune along with the upcoming Airport project ensures more development and investment

New housing stock, effective connectivity and affordability ensures positivity among buyers of Kharghar realty.

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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.