123ArticleOnline Logo
Welcome to 123ArticleOnline.com!

ALL >> Business >> View Article

Demand For Property In Navi Mumbai Remains Stable

By Author: vinay kumar
Total Articles: 54

Navi Mumbai real estate has shown some spark in recent months. If compared to Thane, the realty market here is performing far too better, in terms of property sales. If the two cities are compared, Navi Mumbai had more than 8000 units got sold in last one year, as compared to about 5400 units in Thane, in the same period. This report by Cushman & Wakefield clearly indicates that inflation has effected less to the demand market in Navi Mumbai.


In 2013, the number of apartments launched in the city was huge; most of the residential property in Navi Mumbai that was unfolded by the builders targeted the buyers looking for homes in high-end bracket. The inclination was mainly towards purchase of luxury homes in 75 lakh- 1 crore segment. Another noticeable trend that came to light was the proclivity of the investors towards putting their money on retail and commercial spaces as compared to residential properties. As there no such problem as exodus of commercial projects that could balk their sale, the selling did not become a major problem. The office demand was most prominent in top-notch localities like Airoli an Vashi.


As the real estate for Navi Mumbai properties fared good, the prices escalated accordingly. In hitherto budget localities, a marked increase in price rates was observed. At some of them, the rate have increased by two times and even more. To see, how the city is performing in terms of residential spaces, let' us consider rates for 3 BHK apartments. In the relatively affordable colonies come locations like Panvel, Kamothe, and Ulwe, the starting rates are centered around 30-45 lakhs. At Khargar, New Panvel, Kalamboli, Koparkhairane, Juinagar and Taloja, the prices for a three-bedroom start in 40-60 lakh segment. At all of these, the rates can go as high as 1 crore and above.


To buy the same house in Airoli, Rabale, Khandeshwar, you need to carry the budget 65-75 lakhs, though there are 3 BHK homes that can cost you up to 2 crores. Dronagiri and Mansarovar carry the rates in 80-98 lakh range. The expensive locations like Vashi, Sanpada, Seawoods, Nerul have the apartments that come with 1 crore tag. Palm Beach Road is an exclusively very pricey colony: to buy a three-room flat here, the required budget lie in the 1 crore-3.7 crore!!


The Navi Mumbai market is slated to show good performance in 2014. As the demand graph is steady here, it is expected to to give better results than Mumbai.

Total Views: 207Word Count: 418See All articles From Author

Business Articles

1. Which Steps Are To Be Followed To Ensure Efficient Wastewater Recycling System
Author: Steve Cherng

2. Valhalla Mining Offers: What We Offer And Who We Are
Author: romyfernandis12

3. Should I Invest In Bitcoin In 2017? Here’s What You Need To Know
Author: romyfernandis12

4. Our Cryptocurrency Exchange And Bitcoin Mining Services Are The Best
Author: romyfernandis12

5. How Does Cryptocurrency Ming And Bitcoin Mining Work?
Author: romyfernandis12

6. Valhalla Mining - Service Overview, Technology, For Sellers, For Buyers The Benefits Of Cryptocurren
Author: romyfernandis12

7. Can You Make Profit With Bitcoin And Cryptocurrency Mining? Is Bitcoin Mining And Cryptocurrency Min
Author: romyfernandis12

8. A Beginners Guide To Cryptocurrency Mining: What Should You Know?
Author: romyfernandis12

9. Popular Established Sites That Appreciate Bitcoins And Cryptocurrency Mining.
Author: romyfernandis12

10. Disadvantages Of Cryptocurrency Mining
Author: romyfernandis12

11. 4 Reasons Why Merchandising Plays An Important Role In Retail Sales
Author: Lily Alvin

12. Have You Ever Read About Digital Currency Mining?
Author: romyfernandis12

13. Buying And Investing In Cryptocurrency
Author: romyfernandis12

14. Elucidation Of Bitcoin Cloud Mining
Author: romyfernandis12

15. Get Better Returns Than Stock Market And Real Estate Through Bitcoin Mining
Author: romyfernandis12

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: