In recent years, Navi Mumbai has been giving tough competition to Mumbai when it comes to housing options. If you are keen to explore the same, do visit the CREDAI-BANM property exhibition, says Suraj Uchil
Navi Mumbai is nothing like the big city of Mumbai. “It’s better planned, has more green areas, has less pollution and definitely has a more vibrant population that Mumbai”, explains Shalu Tiwari, a resident of Vashi since the last 2 years.
This thought is not a singular one. Almost everyone residing in Navi Mumbai feels that the sister city has come a long way in the recent years and is now almost at the same level as Mumbai, if not better, when it comes to the quality of life. Truth be told, while the property prices have increasingly become unaffordable in Mumbai, Navi Mumbai still provides numerous options for residential housing within the budget of Rs 30-50 lakh. This, along with a lot of compelling factors, have lured people to Navi Mumbai from the ‘Big City’.
Lots in store
Another couple of major factors are the two new major economic policies planned for Navi Mumbai, that will change the face of this satellite city in the coming years – the proposed SEZs at Dronagiri, Ulwe and Kalamboli, and the upcoming international airport at Panvel. Both the policies, whenever implemented, will help to generate a massive amount of employment, providing a further push to the demand for commercial and residential developments.
Haresh Chheda, Secretary, CREDAI-BANM, says, “Navi Mumbai is a different ball game altogether. People in Mumbai are now feeling the cramp in the city. It is getting saturated and there is nothing that can be done about it. In such a scenario, Navi Mumbai comes as a decent example for the people. Better planning, better roads and better infrastructure make Navi Mumbai the ideal place to relocate these days. The place has transformed into an IT hub of late, so that has meant lot of employment for those staying here.”
“Also, Navi Mumbai is pretty new, around 36 years old. So the people who have made this place their home are mostly young people who have come to make a living. This makes Navi Mumbai a highly vibrant city,” Chheda goes on to add.
This is also one of the major factors that makes Navi Mumbai a great choice for the potential buyers. “Reworking of the Sion-Panvel Highway has seen roads being widened to help the flow of traffic, and with undergoing flyover construction in the Thane-Belapur belt, infrastructure is being given top priority in the development scenario in the satellite city. Further, with Metro nearing completion between Belapur and Taloja, access to outskirts will get pretty simple and will lead to heavy appreciation in the property rates of the area,” Chheda further explains.
“Five years back, Panvel was the next place after Kharghar for many people on the map. But now, thanks to the robust development, places like Taloja, Roadpali, Kalamboli, are getting a lot of attention in the market. On the other side, Ulwe and Dronagiri are getting major project boosts in lieu of the new airport coming up near Panvel. Areas like Airoli, Rabale and Ghansoli are also coming up pretty strongly thanks to the IT hub along the Thane-Belapur belt”, informs Bhavesh Kumar, a professional from Belapur.
All these factors help make the satellite city the preferred destination these days. So, if you are planning to buy a property in Navi Mumbai, make sure to head over to the CREDAI-BANM exhibition being held at CIDCO Exhibition Centre near Vashi railway station, which starts today, and will go on until Monday, December 12. According to the organisers, almost 120 developers will be showcasing over 400 residential projects in Navi Mumbai. “There will a lot of options for home buyers to look at. The range of these projects will include affordable housing projects from Rs 3000 per sq ft to premium luxury housing at around Rs 25,000 per sq ft. Projects from CIDCO will also be at display amongst other developers. So under one roof, home buyers will have to go no further to book their perfect home,” concludes Haresh.
“There will a lot of options for home buyers to look at. The range of these projects will include affordable housing projects from Rs 3000 per sq ft to premium luxury housing at around Rs 25,000 per sq ft. Projects from CIDCO will also be at display amongst other developers. So under one roof, home buyers will have to go no further to book their perfect home.”
- Haresh Chheda, Secretary, CREDAI-BANM