Nestled in the lively scenery of Navi Mumbai, Kopar Khairane stands out as a bustling hub, attracting the interest of savvy investors and people looking for a perfect place to live. Its smart location, proximity to important job centres, and strong infrastructure have increased its overall worth.
Kopar Khairane stands out for its appealing mix of affordability and excellent connectivity also it effortlessly links up with crucial transportation routes, such as the bustling Mumbai-Pune Expressway and the vital Thane-Belapur Road. This area boasts a lively commercial centre that features a variety of spacious malls, diverse dining options, and also engaging entertainment spots.
What are ready reckoner rates?
In the world of real estate, ready reckoner rates signify the lowest value assigned by the government for the sale or transfer of a property and are essential as these rates act as a standard for determining the stamp duty and registration charges involved in property transactions.
See also: What is circle rate in CBD Belapur, Navi Mumbai?
Ready reckoner rates in Kopar Khairane, Navi Mumbai
Ready reckoner rates can differ based on the type of property.
| Ready reckoner rate per square metre | Residential construction cost per square metre | Commercial construction cost per square metre |
| Rs 33,400 | Rs 87,700 | Rs 1,01,900 |
Real estate trends in Kopar Khairane, Navi Mumbai
Kopar Khairane stands out as a highly developed area in Navi Mumbai and is highly regarded as a sought-after place to live. In recent years, real estate prices here have gone up significantly. This is because it’s close to Mumbai, has good infrastructure, and is well-connected. The development in Kopar Khairane makes it a popular choice for residents.
Kopar Khairane, Navi Mumbai: Location and connectivity
Kopar Khairane, a nicely planned area in Navi Mumbai along the Thane-Belapur Road, is surrounded by Thane Creek to the north, Turbhe to the east, Vashi to the south, and Ghansoli to the west. People like it for its greenery, good infrastructure, and great connections. The Koparkhairane Railway Station links to Thane, Vashi, Nerul, and Panvel.
The Reliance Corporate IT Park is here, hosting big companies like Reliance Industries, Accenture, and Wipro. D Mart, a huge hypermarket, offers a wide range of products at good prices. Also, there’s the first IKEA store in India, with lots of furniture and home stuff.
Kopar Khairane has good road and rail links to other parts of Navi Mumbai and Mumbai. The Thane-Belapur Road connects it to Thane and Mumbai. The Koparkhairane Railway Station links it to Thane, Vashi, Nerul, and Panvel. The upcoming Navi Mumbai International Airport is just 10 km away. All in all, Kopar Khairane is a well-placed and well-connected area in Navi Mumbai, with lots of potential for future growth.
Kopar Khairane, Navi Mumbai: Commercial properties
Kopar Khairane in Navi Mumbai is a popular place for businesses. It’s close to Mumbai and has good infrastructure and connections. The area’s commercial property prices have gone up because of these advantages.
Some new projects are coming up in Kopar Khairane. The Reliance Corporate Park is an IT hub with big companies like Reliance Industries, Accenture, and Wipro. The Navi Mumbai International Airport, expected in 2024, will boost business activities. Also, the Koparkhairane-Vashi Metro Line, set to finish in 2022, will connect Kopar Khairane directly to Vashi, another busy commercial area.
Several accomplished undertakings dot the landscape, showcasing the thriving synergy of industry and innovation. Notable among these is the TTC Industrial Area, which plays host to a consortium of manufacturing and logistics enterprises. Meanwhile, the MIDC Industrial Area stands as a testament to the prowess of engineering and information technology firms that have found a home there.
Kopar Khairane’s appeal goes beyond business. It’s well-connected to Mumbai by road and rail, providing an affordable option for businesses avoiding high rents in Mumbai. The place has good infrastructure, like roads and utilities, and easy access to other parts of Navi Mumbai and Mumbai.
Kopar Khairane, Navi Mumbai: Residential properties
In the lively surroundings close to Navi Mumbai, Kopar Khairane is experiencing a boom in real estate, all thanks to its excellent infrastructure and connectivity. This upswing has led to a notable increase in property prices, transforming Kopar Khairane into a highly desirable place to live. The appeal is further heightened by upcoming developments like the Navi Mumbai International Airport and the Koparkhairane-Vashi Metro Line, offering the promise of an improved quality of life and enhanced connections.
Kopar Khairane is a lively centre for both business and travel because of the new airport and owing to this, property prices are expected to rise here. Also, a new metro line connecting Kopar Khairane to Vashi is coming and will be making it an even better place to live.
The landscape of Kopar Khairane has been notably transformed by various initiatives, including the establishment of the Reliance Corporate IT Park, the expansive IKEA Store, and the vibrant D Mart hypermarket. These projects have not only uplifted the area’s growth but have also attracted a diverse workforce, greatly improving the day-to-day amenities for the residents.
Big companies like Reliance Industries, Accenture and Wipro setting up shop in Kopar Khairane have led to a sharp increase in people wanting to rent homes there. This growth has turned the area into a popular choice for professionals looking for cosy and convenient living spaces.
Factors affecting property prices in Kopar Khairane, Navi Mumbai
Reasons for High Property Prices in Kopar Khairane, Mumbai:
- Great Infrastructure: Kopar Khairane boasts a commendable infrastructure, characterized by well-maintained roads, efficient transportation facilities, and crucial amenities such as schools and hospitals.
- Easy to reach: The accessibility of Kopar Khairane is another feather in its cap, with seamless connectivity through both roadways and railways. Major thoroughfares and the local railway station establish vital links to key areas like Thane, Vashi, Nerul and Panvel. Furthermore, the anticipation of a new airport in proximity adds an extra layer of convenience.
- Job hub: Positioned as a burgeoning job hub, Kopar Khairane hosts prominent entities like Reliance Corporate IT Park and Dhirubhai Ambani Knowledge City, injecting vitality into the local economy by creating numerous employment opportunities.
- Real estate attraction: Real estate in Kopar Khairane garners attention as a lucrative investment, primarily due to its proximity to Mumbai, robust infrastructure, and anticipated growth. Investors are enticed by the prospects of capital appreciation and rental income.
- Planned development: The foresight of the Navi Mumbai Municipal Corporation (NMMC) plays a pivotal role in shaping the future of Kopar Khairane. Plans for strategic development encompass new roads, green spaces, and public amenities, promising an even more enhanced living environment.
- Infrastructure projects: Infrastructure projects like the Navi Mumbai Metro Line and the Navi Mumbai Trans Harbour Link, supported by government initiatives, are poised to elevate the overall living experience in Kopar Khairane by addressing transportation needs.
- Government support: Speaking of government support, regulations conducive to real estate development in Kopar Khairane streamline processes, fostering a favourable environment that encourages increased investment in the region.
Why invest in Kopar Khairane?
Kopar Khairane is a well-planned community developed by Cidco, offering opportunities for both businesses and homes. It’s close to Thane-Belapur Road and Dhirubhai Ambani Knowledge City, attracting many investors due to easy access. Popular housing societies including Sai Proviso Dhanishta, Satyam Harmony and Moraj Prive are most in-demand and that’s why investors are always ready to buy properties in this location.
FAQs
What are ready reckoner rates?
In the realm of real estate, a ready reckoner rate, also referred to as a ready reckoner rate or guidance value, serves as the baseline figure at which a property becomes eligible for official registration with the government. It signifies the minimum monetary threshold that must be met for the property to be formally acknowledged and recorded within the governmental records.
How do you calculate the ready reckoner rate of any area?
To calculate the ready reckoner rate follow the given formula: ready reckoner rate = Part of the land ratio x land cost + flat area x building cost + common area x cost of construction.
What influences the ready reckoner rate of an area?
Ready reckoner rate are influenced by various factors, including the sector's location, infrastructure, provided amenities, and economic conditions.
How is the ready reckoner rate different from market value?
In real estate, it's crucial to understand the difference between ready reckoner rate and market value. The ready reckoner rate is a regulatory and tax reference, while the market value represents the actual worth of a property in the current market.
Is it compulsory to pay house tax in Mumbai?
Yes, all property owners in Mumbai must pay property tax.
Which area in Mumbai is the most expensive?
Malabar Hill area is the most expensive realty market; its square foot value can reach up to Rs 1 lakh per square foot. It provides a stunning view of the Arabian Sea and is the prime location on the southern tip of Mumbai.
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Priya Banerjee, a writer with a keen eye on the property market, she deciphers the ever-changing trends in residential real estate. Priya excels at simplifying complex real estate terms, making them easy for everyone to understand. Her well-researched advice helps buyers and investors understand complex topics.
