The best places to invest in Navi Mumbai provides a comfy lifestyle, infrastructure, and development. It is an excellent real estate option. Navi Mumbai is a wonderful promise for 2024 real estate investment. See these best places to invest in Navi Mumbai. We will also look in detail at these being the best place to invest in Navi Mumbai real estate.
Why is it a good thing to do real estate investments in 2024 in Navi Mumbai?
Per the Ministry of Housing and Urban Affairs’ most recent city rankings, Navi Mumbai is third in India on the index of quality life. It has significantly contributed to the industrial, healthcare, education, and economic sectors.
The performance of Navi Mumbai is from the above Ministry’s Citizen Perception Survey.
Source: ministry of Housing and urban affairs,homebazar
The region has excellent expansion. So, the greatest residential and commercial real estate developments have been developed.
This article will provide a comprehensive study of the locations for 2024 Navi Mumbai real estate investment.
Best Places to Invest in Navi Mumbai Real Estate
- Panvel
The approaching infrastructural initiatives in Panvel will fuel demand for commercial and residential properties.
Panvel is the best place to invest in Navi Mumbai for high returns. Property appreciation and high rental yields are anticipated buildings. Pavel is also regarded among the greatest areas to purchase a property in Navi Mumbai, owing to its strong growth opportunities and first-rate facilities.
A) Trends in the price
Source: Homebazaar.com
B) Connected Social Infrastructure
- Panvel is connected by NH-66 (Panvel-Kanyakumari), NH-48, Mumbai-Pune Highway, and Sion-Panvel Highway.
- Furthermore, the Mumbai-Goa Highway links Panvel to Dombivalli and Thane. This comprehensive road network in the region provides good connectivity and mobility.
- Furthermore, the railway and bus networks have offered several possibilities for commuting to nearby significant cities like Thane and Mumbai.
C) Industrial Centres
- Panvel is closely connected to major job centers like Powai, Nerul, Belapur, and Vashi. The major Raijad industrial belt is a short drive from Panvel.
- The future Navi Mumbai International Airport would have MNCs and tourists flock to Panvel.
- The airport will boost work prospects here. So, rental and commercial office space demand is increasing. This rising demand will drive up house prices in Panvel plus the adjacent districts.
D) Educational Institutions & Hospitals
| Educational Institutions | Hospitals |
| Commerce And Science College And Law | D Y Patil Hospital |
| Changu Kana Thakur Arts | Tarana Hospital |
| Mahatma International School | MGM Hospital |
E) Coming Infra
- Navi Mumbai International Airport
- Mumbai Trans-Harbour Link Road
- Virar-Alibaug Multimodal Corridor
- Elevated Corridor of CSTM-Panvel Railway Track
- Coastal Road
- Kharghar
From 2017 to 2021, prices of property in Kharghar surged by 15% to 18% for commercial and residential buildings.
Furthermore, this is projected to carry on as a consequence of increased infra and access to important industrial locations like Belapur and Vashi.
A) Trends in the price
Source: Homebazaar.com
B) Connected Social Infrastructure
- Sion to Panvel Highway connects Kharghar to the entire world. Among the key highways for accessing Mumbai MMR is a roadway that links Sion and Panvel. The Sion to Panvel highway is connected to the National Highway 4 and Mumbai Pune Expressway.
- The suburban train and bus networks have excelled in offering inhabitants accessible and zero-hassle transportation.
- Chatrapati International Airport is 38 km from Kharghar. The future Navi Mumbai International Airport is going to be 10 kilometers away.
C) Industrial Centres
- Kharghar’s adjacent industrial centers are Vashi, Taloja, and Belapur. Furthermore, Thane and Vikhroli Commercial Hubs are 12 and 15 kilometers distant, respectively.
- In addition, new industrial centers like Panvel and Raigad are close by from Kharghar.
D) Educational Institutions & Hospitals
| Educational Institutions | Hospitals |
| DAV International School | Kharghar Multidisciplinary Hospital. |
| Apeejay School Kharghar | Acratech Hospital, |
| Radcliffe School Kharghar | Apollo Hospital |
E) Coming Infra
- Navi Mumbai International Airport is going to significantly influence the region’s social and economic development of infrastructure. The airport will play a significant role in the region’s high valuation of the property.
- The Navi Mumbai Metro is going to connect the city’s principal districts, which would include Pendhar, Belapur, and Kharghar. The project’s development will be done by 2024. Mumbai (Navi Mumbai) Metro would increase connection throughout Navi Mumbai’s booming industrial regions.
- Mumbai Trans Harbour Link Road would improve access from Kharghar Region to Mumbai.
- Ghansoli
Ghansoli’s capital values hiked by 20 % to 25% between 2016 and 2021.
- Ghansoli is increasingly turning into Navi Mumbai’s significant industrial area.
- Initiatives based on infrastructure are accelerating growth in the area.
The coming Navi Mumbai International Airport is going to fuel up the prices of property in the coming years.
A) Trends in the price
Source: Homebazaar.com
B) Connected Social Infrastructure
- NMMT BEST bus network links various Navi Mumbai sections, like Western Suburbs and Panvel, etc.
- Local trains from Ghansoli to Panvel and Thane provide simple access to Thane and Navi Mumbai.
- Thane-Belapur road is critical in linking Ghansoli to Thane’s industrial core.
C) Industrial Centres
- Major corporations like Siemens and Reliance have established operations in Ghansoli.
- Ghansoli is connected to Thane, Powai, Vikhroli, and Airoli.
- Ghansoli’s planned infrastructure will stimulate additional property investment
D) Educational Institutions & Hospitals
| Educational Institutions | Hospitals |
| Tilak International School | New Life Maternity |
| Angel’s English School | Frisson Multispeciality Hospital |
| ASP Public School Ghansoli | Devine Hospitals |
E) Coming Infra
- The JVLR-Khairane-Ghansoli Bridge begins from Jogeshwari Vikhroli Link Road. It concludes in Kopar Khairane. This initiative will save a substantial amount of time traveling.
- Navi Mumbai International Airport would be 22 kilometers from Ghasoli.
- Airoli
It is among the best places to invest in Navi Mumbai. It is close to job centers and good social infrastructure.
The adjacent job hubs, rental and residential properties are in great demand. Those interested in investing in Navi Mumbai real estate could take advantage of this opportunity.
Prices of property surged by 12 % to 15% from 2016 to 2021.
A) Trends in the price
Source: Homebazaar.com
B) Connected Social Infrastructure
- The Mulund Airoli Bridge offers better connectivity in the Airoli area via access to suburbs of Mumbai. It has been critical in Airoli’s growth as a new real estate market.
- Another significant connection is the Thane to Belapur Road plus the Eastern Express Highway, which connects Thane to other regions in Navi Mumbai. Mulund Goregaon Link Road plus Jogeshwari-Vikhroli Link Road offers access to the rest of Mumbai.
- Furthermore, train plus road networks provide quick access to key Mumbai MMR areas like Chembur, Mulund, Vashi, Thane, and Panvel.
C) Industrial Centres
- Existence of Cap Gemini, JP Morgan, Accenture, etc, has made Airoli an IT zone.
- The largest IT parks include Patni Knowledge Park, Dhirubhai Ambani Knowledge City, Mindspace, and Reliance Corporate Park.
- Residential housing has increased in tandem with industrial growth. Commercial buildings are in high demand as corporations try to establish offices here.
D) Educational Institutions & Hospitals
| Educational Institutions | Hospitals |
| New Horizon Public School | Disha Hospital, |
| Euro School Airoli | Gandhi Hospital |
| St Xavier’s high school | Rajmata Jijau Hospital |
E) Coming Infra
- The Airoli Katai highway will link key cities like Navi Mumbai, Kalyan, Dombivali, and Mumbai.
- Mumbai Trans Harbour Link plus JVLR Ghansoli-Bridge are two projects coming up.
- Taloja
Taloja is the best place to invest in Navi Mumbai since the prices of properties are significantly cheaper than in neighboring regions such as Kharghar. Furthermore, the region’s infrastructural development will raise the prices of property in Taloja.
Taloja residential housing investment provides higher ROI forecasts. As more companies relocate to the more cheap Taloja, there is a greater demand for rental and residential buildings.
In Taloja, even small residential units may provide a large investment return.
A) Trends in the price
Source: Homebazaar.com
B) Connected Social Infrastructure
- The Sion to Panvel Highway gives excellent access to Taloja. It provides access to the big cities of Thane and Mumbai. Additionally, it links Taloja to Dombivali, Kalyan, and Panveli. It is scheduled to be finished in 2023.
- The core railway lines plus bus network make it simple to reach the other important industrial centers.
C) Industrial Centres
- Taloja is home to chemical, petrochemical, and fertilizer plants.
- Furthermore, people can profit from the nearby industrial centers in the Navi Mumbai and Thane areas.
- The future metro developments, as well as the Navi Mumbai International Airport, are going to bring new businesses to the Taloja area, improving the real estate market.
D) Educational Institutions & Hospitals
| Educational Institutions | Hospitals |
| Sunrise Global School | Suasth Hospitals |
| The elite public school | Ashtavinayak Hospital, |
| Redcliff School Taloja | MGM Hospital |
E) Coming Infra
- The Taloja would be a station on the proposed Navi Mumbai Metro (Belapur-Pendhar). The Phase 2 Metro would connect Taloja to Khandeswar, another developing market. The Metro project will revolutionize connections by giving local commuters several alternatives.
- Seawoods
Seawoods is the most exclusive place to Invest in Mumbai. CIDCO created the Seawoods NRI Complex, which provided upscale flats with the greatest living opportunities.
Along with high-quality residential complexes, the Seawood neighborhood enjoys access to nearby industrial regions like Vashi, Nerul, and Panvel.
Furthermore, the fresh commercial projects L&T Seawoods Grand Central plus L&T Residence Seawoods are the key draws.
A) Trends in the price
Source: Homebazaar.com
B) Connected Social Infrastructure
- Seawoods are linked to main Navi Mumbai locations like Nerul, Panvel, Vashi.
- Seawoods Darave Railway Station connects to the rest of Navi Mumbai plus Mumbai City. Some industrial districts are accessible from Seawoods include BKC, Andheri, and Thane.
- The NH348 runs around the outskirts of Seawoods. It is critical to Seawoods’ connection. Furthermore, the Thane to Belapur Road, which connects Navi Mumbai to Thane, improves the connection between Thane and several Navi Mumbai areas such as Airoli, Ghansoli, and Vashi
- Palm Beach links Belapur and Vashi and runs through Seawoods. This route has raised the demand for residential and commercial properties.
C) Industrial Centres
- CBD Belapur is the closest business center to Seawoods. This area has developed into Navi Mumbai’s major commercial center.
- Other growing business areas, like Vashi and Nerul, are conveniently accessible through road and rail networks.
- Companies will be interested in investing in the Seawoods with the introduction of L&T Seawoods Grand Central.
D) Coming Infra
- The Seawoods would be only 7.6 kilometers from the new Navi Mumbai International Airport.
- The Seawoods will be 4 kilometers from Navi Mumbai Metro line linking Belapur and Pendhar. This would be a convenient and dependable option for commuters commuting to different parts of Navi Mumbai.
- Kopar Khairane
It is ideally connected to major commercial centers like Vashi and Thane, as well as rising industrial sectors like Airoli, Rabale, and Ghansoli.
The CIDCO’s planned development in Kopar Khairane has propelled the region’s residential and commercial growth.
The two business monuments that have shaped the Koparkhairane neighborhood are Dhirubhai Ambani Knowledge Park and Millennium Business Park.
A) Trends in the price
Source: Homebazaar.com
B) Connected Social Infrastructure
- Vashi – KoparKhairane Road: This road links Vashi to Koparkhairane.
- Ghansoli Flyover: This links Koparkhairane with Ghansoli industrial sector and, more importantly, the MIDC industrial region.
- Thane-Belapur Road plus Palm Beach Road: It links Belapur to Thane, Dighe, Airoli, Rabale, Ghansoli, Mahape, and Turbhe. Palm Beach Road increases the connecting network with other Navi Mumbai districts like Seawoods and Vashi and so on.
- Koparkhairane also has a railway station. It improves access to Navi Mumbai and other suburbs in Mumbai. Furthermore, there is a good transportation network.
C) Industrial Centres
- Residents have found work due to their proximity to key industrial regions in Navi Mumbai like MIDC, Rabale, Airoli, and Ghansoli.
- Furthermore, the port line improves access to emerging business areas like Thane, Nerul, Ghansoli, Panvel, and Vash.
- CBD Belapur is about 11 kilometers (29 minutes) away from Koparkhairane.
D) Educational Institutions & Hospitals
| Educational Institutions | Hospitals |
| Don Bosco | Ashwini Hospital |
| Poddar International School | D.Y. Patil Hospital |
| Orchids The International School – Seawoods | Apollo Hospital |
E) Coming Infra
- The forthcoming Navi Mumbai Metro Line can be reached via Belapur CBD, which is located 12 kilometers from Koparkhairane.
- In addition, the Navi Mumbai International Airport is going to be 16 kilometers away from Koparkhairane.
- Kamothe
Kamothe is quickly turning into the top places to invest in Navi Mumbai for residential investment.
Furthermore, the new international airport greatly will raise capital values in the following years. The neighborhood is already on the rise and is likely to continue growing at a rapid pace.
Between 2016 and 2021, home values in the Kamothe area grew by 14%.
A) Trends in the price
Source: Homebazaar.com
B) Connected Social Infrastructure
- Panvel is the railway station closest to Kamothe. Kamothe additionally has access to the Mansarovar and Khandeshwar stations.
- A comprehensive NMMT bus network has made it easier to go about Navi Mumbai.
- The Sion Panvel Highway and Mumbai-Pune Expressway have improved regional connectivity.
C) Industrial Centres
- Taloja, only 8 kilometers distant, is the closest industrial center to Kamothe.
- BSEl Technology Park and International Infotech Park are two significant IT parks near Kamothe.
- Furthermore, due to its central location in Navi Mumbai, rising commercial areas are easily accessible like Ghansoli, Vashi, Panvel, and others.
D) Educational Institutions & Hospitals
| Educational Institutions | Hospitals |
| New English Shcool | ICU |
| CP Goenka International School | More Hospital |
| Indo-Scots Global School | Apollo Hospital |
- Road Pali
It is another one of the best places to Invest in Mumbai real estate. It is a rapidly developing neighborhood in Navi Mumbai’s Kalomobli district. The closeness to the important market of Kharghar is a driving factor in its rapid expansion. Its affordability has enticed investors to invest in residential and commercial real estate.
The price value of properties grew by 13% between 2016 and 2021.
A) Trends in the price
Source: Homebazaar.com
B) Connected Social Infrastructure
- Sion to Panvel motorway is about 3 kilometers away from Road Pali
- There is also Panvel-Uran road, which links the Panvel Jawaharlal Nehru Port Trust Township-Dronagiri area.
- The adjacent stations of Mansarovar and Kharghar provide connectivity to various Mumbai, Thane, and Navi Mumbai areas.
- Yashwant Rao Chavan improved internal communication between Road Pali and the rest of Navi Mumbai.
- Navi Mumbai International Airport is going to be 9 kilometers away from Road Pali neighborhood.
C) Industrial Centres
- ONGC, L&T, and Reliance are some major enterprises in Road Pali areas.
- The commercial expansion of the nearby Panvel zone will also benefit the Road Pali. The Road Pali region plus several areas, will benefit from the government’s decision to designate Panvel as a Special Economic Zone.
D) Educational Institutions & Hospitals
| Educational Institutions | Hospitals |
| Rising Sun Primary School | MGM Hospital |
| New English School | Dolphins Hospital |
| Carmel Convent School | Suasth Hospital |
Bottom Line
Navi Mumbai has become a wonderful promise for real estate investment in 2024, with several rising micro-markets and existing commercial real estate zones. So you can check any of the above best places to invest in Mumbai or Navi Mumbai real estate
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FAQs
Q1. Which is the fastest-growing area in Navi Mumbai?
A. Panvel is the fastest-growing area in Navi Mumbai.
Q2. Which is the best place to buy a house in Navi Mumbai?
A. Panvel, Kharghar, and Ulwe are some of the best places to buy a house in Navi Mumbai.
Q3. Which sector is best in Navi Mumbai?
A. Kharghar is the best in Navi Mumbai.
Q4. What is the future of Navi Mumbai?
A. Navi Mumbai may become an IT center in the future.
Q5. Which location is best for real estate investment in Mumbai?
A. Andheri and Panvel are some best locations for real estate investment in Mumbai.