The more modern and newly planned extended township of Mumbai, Navi Mumbai is fast growing and witnessed a significant rise in demand for property since the proposal of the new Mumbai International Airport.
Mumbai not being able to keep up with its rapid growth of population has undergone major expansions and Navi Mumbai is one such planned township that started being developed from 1971. Over the years, Navi Mumbai has grown into a well-connected, well-planned and relatively less polluted extension of Mumbai city having a robust infrastructure. CIDCO which was the planning and administrative body took up the development of 95 villages which have now grown into a city in itself and is now going to be divided into North Navi Mumbai and South Navi Mumbai. The aim was to decongest Mumbai city in terms of residential population as well as an expansion of industrial and commercial activities. The polycentric pattern of planning and development of this area has ensured that the Navi Mumbai real estate witnesses an even distribution of residential and commercial benefits in all areas. It also holds more promise being sustainable physically and environmentally.
Today, this planned township spans across a 344 sq. km of land area and has a 150km stretch of creek line. 45% of the land area is reserved for green zones and assures world class infrastructure and healthcare facilities to all its residents. When CIDCO started with its development activities, it aimed to meet the objective of providing affordable housing to all sections of society, specifically concentrating on the LIG (lower income group) and MIG (middle income group). Use of modern technology and showcasing beautiful architectural designs, Navi Mumbai's skyline was transformed by famous Indian Architects and Contractors who undertook the housing projects including Hafeez Contractor, Shirish Sukhatme, Achyut Kanvinde, Ratan Batliboi etc. One of the latest and most coveted developmental projects was the Seawoods Estate situated on 2,30,000 sq. ft. of land area in Nerul that will be featuring exclusive apartments in Navi Mumbai, duplex penthouses and villas.
Reasons to invest in Navi Mumbai
The emergence of Seawoods Estate as an exclusive residential complex and the upcoming Millenium Towers has attracted numerous Middle and High Income group investors other than NRIs to invest in the top apartments in Navi Mumbai. Recent year developments have also influenced real estate price trends in Navi Mumbai thus making it a perfect location to make property investments in. The upcoming proposed Navi Mumbai International Airport will further boost the realty market which already boasts of a well-developed modern day township.
Top Places in Navi Mumbai
Connectivity with nearby Navi Mumbai localities:
Residents in and nearby Navi Mumbai are assured of great connectivity through its wide roads and
most importantly railway connectivity which is Mumbai's lifeline. The rapid transit system of the
Navi Mumbai Metro is presently under construction and is expected to connect areas of Belapur,
Kharghar, Taloja and Pendhar. The Thane Creek Bridge, Taloja Creek Bridge and Panvel Creek Bridge
also offer easy road connectivity to reach Greater Mumbai. Youngsters in search of jobs migrating to
Mumbai often prefer staying in Navi Mumbai seeing owing to its affordability, better connectivity
Schools in Navi Mumbai and other social amenities:
CIDCO has undertaken massive beautification work and has been very vigilant in the protection of
greenery. Navi Mumbai now boasts of:
- 175 public gardens
- Creation of 3 water bodies, 16 detention ponds and 28 holding ponds
- Identification and maintenance of numerous Nature Parks and Valley Parks.
With the development of any township provision of schools and colleges was also a necessity. An
estimated 22.5% of the population are school going children and a number of premier schools and
colleges in Navi Mumbai have been set up in recent years that has gradually transformed Navi
Mumbai into earning the title of educational hub.
Physical infrastructure in Navi Mumbai:
Recently proposed and planned infrastructure by CIDCO focuses on water supply which promises-
- Development of 4 lakh metres of pipeline for supply of water
- The recently developed Balganga Dam Project
- The Hetawane Water Supply Project
Navi Mumbai is also said to experience considerable rainfall and disposal of rainwater and proper
drainage is a critical issue and challenge that is taken care of by CIDCO. An effective Storm Water
Management is being designed to prevent high occurrence of flooding.
Famous Places in Navi Mumbai
- Inorbit Mall VashiSector 30A, Vashi, Palm Beach Road - Sanpada, Navi Mumbai, Mumbai Metropolitan Region
- Seawoods Grand CentralSector 28, Nerul, Navi Mumbai, Mumbai Metropolitan Region
- Seawoods Grand Central MallSector 28, Nerul, Navi Mumbai, Thane District
Price Trends for Navi Mumbai