Properties for Sale in Navi Mumbai

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Rental Properties in Navi Mumbai

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About Navi Mumbai

Conceived and developed in 1972, Navi Mumbai is a planned township on the mainland across the harbour from Mumbai. It was built to decongest Mumbai and provide an option to the lakhs of people migrating to the city since the seventies. 

Navi Mumbai today is administered by the City and Industrial Development Corporation (CIDCO), which is responsible for the development and maintenance of the city.

Some of the prominent nodes of Navi Mumbai include: Airoli, Ghansoli, Koparkhairane, Vashi, Sanpada, Nerul, CBD Belapur, Kharghar, Kamothe, New Panvel, Kalamboli, Ulwe, Dronagiri and Taloja.

Forty-five percent of the land at Navi Mumbai is reserved for green zones and open-to-sky activities. The city boasts of world-class infrastructure and excellent healthcare facilities. It’s also the only Indian city to feature commercial complexes built over railway stations like Vashi and CBD Belapur.

Navi Mumbai offers direct access to most parts of the country via a well-developed road and rail network. It is a favoured destination among buyers and investors looking for cheaper real estate options vis-à-vis the more expensive Mumbai.

Realty Bytes:

New residential development has moved towards upcoming locations at New Panvel, Kamothe, Kalamboli, Ulwe, Uran and Khandeshwar. The increasing demand and planned infra development has triggered a steady price rise in most locations.

Residential prices in nodes like Panvel, Uran, Taloje, Kamothe region ranges between approx INR 4,000-6,500 psf and have witnessed a compounded average growth rate of around 12 percent from 2010-2013.

Proximity and Landmarks Near Navi Mumbai

Pandavkada Falls: Where the water falls from 107 m high and appears to pierce the rocks below.
Central Park: 80 acres of lush greens and landscaped heaven to relax.
Nerul: famous for its many hillocks also known as the Queen of Navi Mumbai.
Belapur fort: An ancient fort with a colorful history attached.
Utsav Chowk: Built in the Greek-Roman style, this picturesque chowk at Kharghar also features a gargantuan fountain.

Transport & Infra:

Navi Mumbai is extensively covered by the Mumbai suburban railway network. The most important suburban stations are Vashi, Nerul, Belapur & Panvel. Panvel is the only mainline station and also the busiest railway station of Navi Mumbai. BEST and NMMT buses travel all across Mumbai, Navi Mumbai, Thane and the Kalyan-Dombivli-Badlapur belt.  

The 10 km long Palm Beach Road of six-lane connects Vashi to CBD Belapur running parallel to the creek. The Chatrapati Shivaji International Airport, 30 km away, is the nearest airport.

Proposed developments here include a new international airport at Panvel, a SEZ and a six-lane bridge between Vikhroli and Koparkhairane for better connectivity to Mumbai.