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Navi Mumbai - A Haven For Affordable Properties

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By Author: Mehul
Total Articles: 8
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As everyone knows that the real estate prices in Mumbai have preferably gone way out of the reach of the common man. You have to forget about ownership of a piece of property in Mumbai unless you are a multi-billionaire such as King of Bollywood, Shahrukh Khan or Mukesh Ambani. But all hope is not lost specifically for people who are on a budget.
There is the presence of many affordable residential projects which are cropping up in the Navi Mumbai localities and so, it might be the answer to your prayers.
There is also a very good amount of demand for the residential properties in Navi Mumbai. Along with that, there are many factors which are generally driving people towards this area. This is because the infrastructure is considered to be the key here.
Usually, great connectivity to Pune and Mumbai by road and also rail is already in place. Along with that, there is the presence of several proposed infrastructure projects in the pipeline including the Navi Mumbai International Airport, the Mumbai Trans Harbour Link and a Metro.
A lot of enthusiasm in this regard is also shown by the realty sector when there was the announcement of the plans for the airport. But, this particular project again did not take off as expected and thereby, it contributes to sending the property process spiraling downwards.
It has also given another lease of life with the Maharashtra government stepping in and clearing those hurdles which block the project. The property rates will again specifically go up in areas that will benefit from them once all the proposed projects near completion.
Specific Reasons
There are many other reasons why Navi Mumbai has generally caught the fancy of those looking for a property is just because of the presence of employment generators like the IT parks and SEZs in the area.
Also, a fair majority of the property seekers in Navi Mumbai belongs to the working class. Specific areas that are emerging as top choices in Navi Mumbai include Ulwe, Panvel, Kharghar, Taloje and Karanjade. Taloje has again risen as an ideal destination for affordable housing.
In this way, it is particularly evident from the above section that you can choose to buy some of the affordable Flats in Navi Mumbai. Apart from that, there is also the presence of Prishty Group offering the affordable property to people at that place.  

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