Mumbai & Navi Mumbai - Growing Suburbs For Real Estate Investment

Truly Mumbai and Navi Mumbai have growing tremendously in real estate sector. Beautiful surrounding environment, great connectivity,modern lifestyle makes these locality most favourable destinations to live. The rate at which these areas are growing it is going to transform into another suburban city of Mumbai. Top Five Places For Real Estate Investment : 1) Kharghar – Growing suburb in Navi MumbairnKharghar, located in the Raigad district of Maharashtra is a beautifully planned city. Kharghar is the third most developed suburb in Navi Mumbai after Vashi and Nerul, with an area of 1,700 hectares. The locality’s proximity to Belapur, Taloja and Mahape CBDs (central business districts), good connectivity to infrastructural developments like wide roads, Parks, golf course and the profusion of green surroundings are some of the factors which has intensified demands for the residential market in kharghar. The locality is well connected by roadways and railways. The Sion- Panvel Highway across this area hook it up to Mumbai and other localities in Navi Mumbai. Influence factor – Navi Mumbai airport is at a distance of 39 Km from kharghar. The construction of Navi Mumbai airport near Kharghar will serve as a key growth factor for further enhancement of the locality. These trends are proving that kharghar is intended to be the next hotspot for real estate investments. 2) Chembur – Growing suburb in Mumbai :rnLocated in the eastern part of Mumbai, Chembur has undergone major transformations on the infrastructural front. Chembur located centrally has seen an ever increasing demand in the real estate sector. Chembur is very well connected to the Eastern freeway, Santacruz-Chembur link Road, Chembur Monorail Station and Western highway connecting Bandra and Kurla. Chembur is expected to be connected to Ghatkopar, soon via the 2nd metro-phase .rnInfluence factor – Eastern Express Highway and Sion Panvel Highway serves as transit points for those travelling to Pune using the Mumbai-Pune Expressway. With a gracious increase of 15 to 20% YOY Chembur is a preferred investment spot. 3) Mulund – Growing Suburb in Mumbai :rnMulund at present is a part of an ever growing real estate that features superior living and caters the needs of people having different lifestyles. Sky scrapers with luxurious amenities have been transforming the real estate scenario in this area soon.rnInfluence factor – Mulund west is well placed between upcoming cities of Thane and Mumbai and offers seamless connectivity. 4) Thane – Growing suburb, a part of Mumbai :rnThane’s infrastructural development boost has led to a significant rise in the real estate sector in Thane. Thane has great proximity to commercial hubs in Mumbai. With affordable house prices with elevated amenities and standards of living, Thane is progressing towards surpassing existing hotspots in Mumbai. 5) Panvel – Growing Suburb in Navi Mumbai :rnPanvel is one of the most advanced and well planned parts of heart of Navi Mumbai. It is smoothly connected to the exteriors of Mumbai, i.e. Pune and neighbouring regions due to the Pune Express Way. With the proposed 22KM sea link between Sewri and Nhava Seva the realty prices are soon going to rise. These destinations are growing continuously in respect to various aspects to real estate with infrastructure being the top most. It’s best to explore the areas as early as you can!