About

Navi Mumbai is located in the Konkan region of Maharashtra and lies next to Mumbai. It is spread out over an area of 109 square kilometers and has a population of 1,120,547. Almost 92% of the people in the city are literate, ranking it among the highest percentages in the state.

Navi Mumbai is vital to the MMR (Mumbai Metropolitan Region). Spread over the areas of Thane and Raigad, Navi Mumbai is a major commercial center with upscale neighborhoods. It is proclaimed to be the largest planned city in the world.

Why Buy Flats/Apartments in Navi Mumbai?

Navi Mumbai is a well-planned city based on polycentric planning and developmental methodology. Navi Mumbai is connected to Pune and its region by the Sion-Panvel Highway. NH4, NH4B, NH17, SH54, and Mumbai-Pune Expressway.

The present infrastructure and upcoming ones will boost the area's growth. Expansion plans are being considered for the international airport and Special Economic Zone (SEZ).

The coastal location of Navi Mumbai gives it an upper hand. The projects here have curated amenities like gyms, clubhouses, children's play areas, swimming pools, gardens, etc. The apartments here have commendable ventilation and lighting with greenery surrounding them. These well-designed homes are spacious, have modern conveniences, and are tailored to provide world-class amenities.

Investment Trend in Navi Mumbai

Navi Mumbai is now home to a sizable middle-class and service-class population. With constant development, the apartment price is experiencing a surge in price. As per available data, the prices will increase by 20% by 2025.

Navi Mumbai's residential market saw searches rise 6.1% QoQ (Quarter-over-Ouarter) in the second quarter of 2023. Besides that, the average property rate saw a QoQ increase of 2.3%. Even so, there was an 8.8% QoQ fall in supply.

In Navi Mumbai, the rental return varies from 2.5% to 5%, depending on the area and kind of property, according to statistics from the National Housing Bank's Residex Index. By 2025, the demand for homes is predicted to rise by 20% in Navi Mumbai, according to a survey by Knight Frank India.

Sqft Price for Top 10 Areas

Here is the price list for some of the top areas in Navi Mumbai:

Disclaimer: The mentioned prices are taken from different sources and do not reflect the actual price. The price depends on the offered location, developer, and amenities.

Navi Mumbai's Real Estate Landscape

Navi Mumbai is located on Mumbai's eastern shore and offers a range of housing landscapes, i.e. from lavish high-rise apartments to affordable homes. It is well connected to other parts of the city through major roads and highways and has a range of amenities, leisure areas, IT parks, and commercial centers that make this place appealing.

Major builders such as Arihant Superstructures, Paradise Group, Akshar Developers, Vishesh Group, and Tricity Realty have made their mark in Navi Mumbai.

South Navi Mumbai

South Navi Mumbai is situated along the eastern waterfront of the Arabian Sea and includes popular areas like Belapur, Nerul, Seawoods, Ulwe, Kharghar, etc. The region is filled with wetlands, rocky shores and hilly landscapes, providing a picturesque view and thus being very popular. It has the Ulwe River flowing through it.

Some top residential projects in South Navi Mumbai are Oxyfresh Homes, Today Global Anandam, and L&T Seawoods Residences. Some well-known developers in this area are L T Realty Limited Projects and Today Global Projects.

Western Suburbs

This coastal region, in proximity to the Arabian Sea, lies on the western coastline of Navi Mumbai. It has sandy beaches along the coast, major highways such as the Mumbai-Pune Expressway, and roads like Palm Beach Road pass through it. It includes areas such as Vasi, CBD Belapur, Sanpada, Seawoods- Darave etc.

The residential projects here are CIDCO Millennium Towers, Moraj Residency, Goodwill Unit and more. Famous builders here are CIDCO, Moraj Infratech, Goodwill Developers etc.

Eastern Suburbs

The Eastern suburbs of Navi Mumbai are home to mangrove forests. Many parts of its area have been a proposed Navi Mumbai International Airport site. It is well connected to the rest of the city through several roads and highways like the Sion-Panvel Highway. It includes areas like Panvel, Kamothe, Kalamboli, Taloja, Navade, etc.

A few projects that contributed to its growth are Wadhwa Wise City, Kalpataru Park Riviera, Wahwa Magnolia Cluster, etc. The Wadhwa Group and Kalpataru Group are renowned developers presenting unique residential projects.

Harbour Route

The Harbour Route includes Vasi, Sanpada, Jui Nagar, Nerul and Mansarovar going to Panvel.

A few projects here are Arihant Advika and EV 10 Marina Bay. A few developers here are Arihant Superstructures Ltd, EV Group Builders etc.