Neral property market: An overview

Neral is located central to Mumbai and Pune. Neral has trains reaching it from Mumbai and Pune and is thus rightfully known as the railroad junction. The Matheran hill station is an important tourist attraction of Neral. One can enjoy the Neral-Matheran Toy Train ride when in Neral. Prominent builders like XRBIA, Rajnir, Signature Group, Heritage Group Thane, Laxmi Group, Mane, Dalal Buildcon, Disha Direct and Konnark have been investing in Neral from the past few years making the beautiful Neral a great place to live in. Once lacking both infrastructure and connectivity, Neral, today flaunts all amenities available one’s disposal. Also, Neral has been designated as the ‘next big residential hub’, after Badlapur and Kalyan.

 

Connectivity with nearby Neral localities

• The State Highway connects Neral to Karjat, NH4, Panvel and Badlapur.
• The nearest railway station is the Neral Railway Station which is situated at a distance of 0.4 kilometres from Neral and is a 3 minute drive away.
• It lies close to Shelu Railway and the Badlapur – Khopoli Highway.

 

Employment hubs near Neral

The locality is witnessing an increase in the population in the recent years owing to its proximity to various employment hubs. Many new IT companies are springing up in Neral. Some of the employment hubs in and near Neral include:

• SEZs in Navi Mumbai.
• Major industrial suburbs of Badlapur and Ambernath are also located in close proximity to Neral which are located at distances of 14 kilometres and 24 kilometres respectively from Neral.
• It also lies close to commercial hubs of Belapur and Vashi.

 

Schools in Neral and other social amenities

Neral provides its residents with all kinds of social amenities to live a happy and peaceful life. They include various schools and hospitals. SSES School, Matheran Valley Institute of Excellence, Haji Liyakat English High School and Junior College, Kawthewadi School, Zilla Parishad School Eksal Sagaon and many others enjoy being the famous names of educational institutions in and around Neral.

Of the social amenities provided by Neral, the major health institution dominating the areas in and around the locality include Siddh Pooja Hospital, Meenatai Thackrey Hospital, Primary Health Centre, Panvel Municipal Hospital.

Apart from these it also provides the luxury of enjoying recreational amenities and proximity to various banks and ATMs.

 

Physical infrastructure in Neral

Many mega infrastructures are being set up by the government to catalyse growth of property in Neral.

 

Price trends in Neral

• Price Appreciation – around 43.5 % in last 1 year
• Current property rates- INR 2,200 –INR 19,355 per sq ft

 

Reasons to invest in Neral

Neral has emerged to be an affordable living place in comparison to the rest of Mumbai. Since Neral provides good connectivity and affordable living spaces, residents are readily lured into Neral.

Although property pricings are less at the moment, with increasing demand, the day is not far when property prices in Neral too will skyrocket. Also, the appreciation of property prices is a suggestive of the same fact. Hence, investing in Neral will prove to be both beneficial and lucrative.

Big ticket projects like Shubh Ashish Swagat Village, Shubh Laxmi Infra Mumbai Surya Galaxy, Shree Mahalaxmi Developers RAH Homes and Signature Group Coral are probably the best projects to invest in Neral since they are not just landmark projects of the locality but also are here to make Neral a rather posh and coveted residential neighbourhood.

 

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