Top localities to buy and rent properties in Navi Mumbai


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

Navi Mumbai is the affordable alternative, for those who cannot afford to invest in Mumbai. As opposed to the skyrocketing real estate prices in Mumbai, Navi Mumbai has opened up as a strategic investment hotspot and is considered by both, investors and end-users, from across Maharashtra. Here, we list the top localities in Navi Mumbai that you should consider, when it comes to buying or renting a property.

 

Top localities in Navi Mumbai

Some of the top localities that have performed well, vis-à-vis investments are near prominent job hubs. Even if you are looking at rental yields, 1BHK and 2BHK units promise handsome returns.

 

LocalityAverage per sq ft valuePrice of 2BHKRent for 2BHKUSPMaximum supply
KhargharRs 9,217Rs 30 lakhs – Rs 3.25 croresRs 10,000 – Rs 45,000Planned by CIDCO, very close to the CBD2BHK units
GhansoliRs 9,704Rs 20 lakhs – Rs 2 croresRs 9,500 – Rs 60,000Close to the IT hub in Airoli1BHK units
AiroliRs 11,631Rs 60 lakhs – Rs 2.5 croresRs 6,500 – Rs 50,000Houses the IT hub1BHK units
PanvelRs 6,438Rs 15 lakhs – Rs 5.25 croresRs 6,000 – Rs 40,000Ready-to-move-in units on sale; Close to the upcoming airport2BHK units
UlweRs 7,774Rs 15 lakhs – Rs 1.6 croresRs 8,000 – Rs 85,000Planned by CIDCO; Site of the proposed Nhava Sheva-Sewri Link Road or the Mumbai Trans-Harbour Link Road, and the upcoming airport.2BHK units
VashiRs 14,920Rs 30 lakhs – Rs 10 croresRs 8,000 – Rs 45,000Well-developed locality; Employment hub2BHK units
KamotheRs 7,375Rs 25 lakhs – Rs 1.5 croresRs 12,500 – Rs 20,000Close to Taloja Industrial Area; Affordable to mid-segment properties available2BHK units
NerulRs 12,680Rs 30 lakhs – Rs 3 croresRs 14,500 – Rs 60,000Houses the MIDC industrial area, colleges, etc.2BHK units
TalojaRs 5,540Rs 15 lakhs – Rs 88 lakhsRs 7,000 – Rs 12,000Planned by CIDCO2BHK units
SeawoodsRs 13,750Rs 30 lakhs – Rs 3 croresRs 21,000 – Rs 50,000Posh locality, top choice of HNIs2BHK units

See also: Impact of Navi Mumbai International Airport on property prices

 

Price trends in Navi Mumbai

Since March 2020, average property prices in Navi Mumbai have been rising.

 

Top localities to buy and rent properties in Navi Mumbai

Source: Housing.com

 

Check out properties for sale in Navi Mumbai

 

Rental trends in Navi Mumbai

The average rental price in Navi Mumbai stands at Rs 22,750 per month.

 

Top localities to buy and rent properties in Navi Mumbai

Rental trend, Housing.com

 

Check out properties for rent in Navi Mumbai

 

Liveability in Navi Mumbai’s top 5 localities

Top localities to buy and rent properties in Navi Mumbai

 

Navi Mumbai map

 

FAQs

How is Belapur as an investment destination in Navi Mumbai?

Belapur is among the premium residential, as well as commercial localities in Navi Mumbai. It is the Central Business District area and therefore, there are numerous employment opportunities. The area is well-served by the suburban railway network, as well as BEST and NMMT buses. Capital values are in the range of Rs 9,000 - Rs 14,000 per sq ft.

Is Navi Mumbai better than Pune for investment?

Navi Mumbai and Pune are over 120 kilometres apart and therefore, those who think about an investment in either market, will need to think about factors such as proximity to work areas, schools/colleges, scope of travel, etc. Both markets have their own strengths and weaknesses but Navi Mumbai is often an investment choice for those who work in Mumbai and its vicinity. Both, Navi Mumbai and Pune, are active real estate markets with sizable capital appreciation and rental yield.

What are the property prices in Navi Mumbai?

Property prices in Navi Mumbai for 2BHK flats range from Rs 15 lakhs to Rs 10 crores.

 

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