Showroom for Rent in Greater Khanda, Panvel, Navi Mumbai

The MMRDA was formed in 1975 to ensure balanced development of the Mumbai Metropolitan Region

Mumbai and Pune have jointly accounted for an impressive 60 per cent of total property sales in top eight cities in the second quarter of 2023.

The residential real estate landscape in Mumbai has shown remarkable resilience and consistent growth in 2023, driven by various factors that shape the inclinations of homebuyers.

Mumbai has always been in the limelight for its residential real estate, the housing projects ranging from luxurious apartments in high-rises and gated communities to affordable, small-sized units in the suburbs. The city's diverse neighbourhoods offer viable housing options, catering to various budget categories.

Property sales in both Mumbai and Pune grew at the fastest pace of 26 per cent YoY each amongst the top eight cities, in the first half of 2023. Both these cities together account for 60 per cent share in the total 1.66 lakh units sold in H1 2023.

Thane West in Mumbai took the top spot on the list of trending realty hotspots in Q2 2023.

The NH66 is a 1,608 km four-lane national highway that was previously known as NH17.

Once completed, the Panvel-Karjat suburban corridor will reduce the travel time by 30 minutes and commuters can reach Panvel from CST in one hour forty-five minutes.

Here is a list of ideal localities in Navi Mumbai for buying and renting homes

Spread over 110 hectares, Panvel has a population of five lakh people