Mumbai is one of the largest cities in the world. It is also one of the world’s most overcrowded cities. This city is also the capital of the state of Maharashtra. Mumbai is the city in India where most millionaires and billionaires live. The Elephanta Caves, the Chhatrapati Shivaji Maharaj Terminus, and the city’s unique group of Victorian and Art Deco buildings from the 19th and 20th centuries are all UNESCO World Heritage Sites.
Navi Mumbai was made to be the opposite of Mumbai. It is a better planned city. It has been built up to be a big city that can do everything independently. It is one of the world’s best-planned and a well-balanced city.
Why invest in Navi Mumbai?
Navi Mumbai is India’s next financial hub after Mumbai that is in its immediate vicinity. It is also next logical destination after one would explore property investment in Mumbai. Large and small enterprises have opened shops in Navi Mumbai’s real estate market. The city has opened up a lot of job opportunities. Because of this, many people from all over the world go to Navi Mumbai to look for challenging opportunities.
Unlike every other city in India, Navi Mumbai has an excellent infrastructure for apartments and properties like commercial spaces and villas. Some of the good real estate developers in Navi Mumbai are Juhi Developers, Proviso Group, Today Global. Projects by these developers include both cheap and expensive housing.
You would get decent infrastructure and a great return on your money if you buy a house in Navi Mumbai. Navi Mumbai has a lot of job opportunities because there are more foreign investments in different business sectors.
Navi Mumbai is a popular place to invest in real estate, so properties are for sale in various schemes and prices. In the price range, Rs 48-60 lakhs you get access to two-bedroom flats with a lake view and with the price range of Rs 60 lakhs and above, you can have three-bedroom flats in the city center, from low-income to high-end.
You can live and work well in Navi Mumbai. Also, it’s a great place to go. You can find the best shopping malls like Seawoods Grand Central Mall, Inorbit Mall – Vashi, V Times Square and busy flea markets.
Some of the best places to hang out with friends and family, go to the beach, and eat out are in this area. Ensure the property has a high return on investment (ROI) to get the most out of your real estate investment (ROI). Navi Mumbai assets have a high return on investment (ROI) because they are in a good spot for communication, transportation, and other business needs.
As expected, a list of best locations to invest in Navi Mumbai can be very subjective. Hence we have tried to provide you a clear understanding of each location in Navi Mumbai for your self analysis.
Best localities to invest in Navi Mumbai
Western Navi Mumbai
Nerul is a place where people live and also do business. It has more than 50 sectors. East Nerul comprises odd sectors, while west Nerul comprises even sectors. Along with Seawood, it has a lot of people living there and is the second most developed area in Navi Mumbai. Nerul is made up of short separations based on its town planning. It is a planned township with roads that look like a grid.
The institution, commercial, religious, and residential areas are all different. These places are called LIG, M.I.G., H.I.G. and Public sector areas. Except for the CIDCO housing board, which only gets water for 3–5 hours a day (in the morning and in the evening), all private housing societies get water 24×7 in Nerul area.
Nerul is also a fully landscaped area with the same number of trees and plants as any other part of the city. Nearly every intersection in Nerul has a market or a bazaar that can meet all of your basic needs.
Nerul also has good schools, colleges and universities too. Long ago, these places were institutional land zones. Some of the schools, colleges, and universities in Nerul are Sterling Public School (a CBSE school), Ryan international School (ICSE school), S.T. Augustines High School (a high school), and Padm. Dr. D.Y. Patil University and SIES college.
Apollo Hospital, Neurogen Brain and Spine Institute and D. Y. Patil Hospital are all well-known hospitals in this area.
Sea woods Grand Central Mall is also easy to get to and can be reached in 15 minutes. Nerul is one of the best places to invest in Navi Mumbai because it has many schools, colleges, hospitals, and malls.
Vashi is a well-planned neighborhood in Navi Mumbai. It is near the Mumbai-Pune Highway, making it easy to get to. It is close to Kopar Khairane, Ghansoli, Airoli, Nerul and CBD Belapur – all well-known places. It has less expensive homes than those in Mumbai and is easy to get to, just like Mumbai. There are both excellent places to live and good places to do business. Most new homes are small apartment buildings or communities where people live together.
At Vashi there are plenty of good schools, colleges, hospitals, shops, malls, restaurants and markets in Vashi. Famous Schools in Vashi are Father Agnel Multipurpose School and Junior College, St. Lawrence High School (State board schools), Ryan Christian School (ICSE), Orchids The International School (CBSE).
In Vashi, the famous Hospitals are Fortis Hiranandani Hospital and MGM New Bombay Hospital.
Malls in Vashi are Inorbit Mall, Raghuleela Mall and Vashi APMC Wholesale Market are just a few of the well-known places nearby. There are several virtual offices and factories near Vashi. Vashi is a great place to invest your money because of how well connected it is from Mumbai, Thane and Panvel on the three sides.
East of Navi Mumbai
A neighbourhood in Navi Mumbai called Kamothe is next to the Mumbai-Pune Expressway. The upcoming Navi Mumbai International Airport, which is about 8.5 km away, is the main thing that will drive demand in the area. The housing development was a mix of low to medium-rise Cooperative Housing Societies (CHS) and apartments with more than one floor. Bhoomi Harmony, Krishna Heights, Kailash Heights and Tharwani Residency are all well-known places to live in the area.
National Institute of Fashion Technology (NIFT), Institute for Technology & Management, SNG International School (CBSE Schools), The Cambria International School (ICSE Schools) and Rightway School are some of the well-known schools in Kamothe.
Jeevan Jyot Hospital and Matoshree Multispeciality Hospital are two well-known hospitals in Kamothe area.
Both Orion Mall and Mahalaxmi Mall are well-known malls within 5 km of Kamothe area.
Panvel is a growing residential neighborhood in Navi Mumbai. It has a good mix of completed and unfinished residential projects in the mid-segment. Panvel has a lot of people living there, so there are a lot of apartment complexes and cooperative housing societies. The area has an excellent social infrastructure, including schools, hospitals, shopping areas, and restaurants.
The most famous Schools in Panvel are D.A.V. Public School (CBSE), St. Joseph’s Convent School (ICSE), St. Jude Public School (State board school), Kendriya Vidyalaya ONGC, Pillai College of Engineering,
For your medical needs, hospitals in Panvel are Lifeline Hospital, Panacea Hospital, B&J Super speciality Hospital.
Some of the important malls in Panvel are Orion Mall and Seawoods Grand Central Mall, all of which can be reached within half an hour from central Panvel. Putting money into New Panvel is a good idea. Schools, colleges, hospitals, temples, parks, markets, malls, banks and ATMs are easily accessible.
Taloja is a growing suburb in Navi Mumbai planned by Maharashtra’s City and Industrial Corporate (CIDCO). It is well connected to Kharghar in the west, Kanpoli in the east, Kalamboli in the south and Karvale in the north.
There is a mix of affordable homes and businesses in Taloja’s MIDC, which comprises two phases (I and II). Schools and colleges in the area include Kaleskar English Medium School (CBSE Schools), St Augustine High School (State board), Narayana E Techno Schools (ICSE), Mind Seed Preschool, Balasaheb Thackrey Law College, Y.M.T. Ayurvedic College and AC Patil College of Engineering.
Hospitals and clinics like Rana NX Hospital, Apex Hospital and Jeevan Jyoti Hospital are present in Taloja.
Taloja has mostly transformed into an industrial belt in recent years. Since stores, banks, schools, and colleges are close to Taloja, it is an excellent residential spot, where property investment would be a very smart decision.
North of Navi Mumbai
Airoli is a place in Navi Mumbai where people live and do business. People think of it as the entrance to Navi Mumbai and it’s easy to get to from both Mumbai and Thane. Airoli is a popular place for buyers and investors because it is easy to get to and has a lot of places to work.
Airoli has built residential areas with low to mid-rise cooperative housing societies and apartment complexes with many floors. Good schools, colleges, hospitals, markets and shopping malls are available in Panvel.
Some of the good schools in Airoli are Valley International School (State Board Schools), Vibgyor High School (ICSE), D.A.V. Public School (CBSE Schools) and Datta Meghe College of Engineering.
Also close hospitals nearby Airoli are Indravati Hospital & Research Center, Fortis Hospital – Mulund.
For your daily needs, supermarkets like DMart Supermarket, and Ripples Malls are available which can be reached in less than half an hour. So this is another good place in Navi Mumbai where you can put your money for investment.
On the Mumbai-Pune Highway, Kharghar is a well-planned and growing part of Navi Mumbai. It has several projects. There is also good social and retail infrastructure in the area around Kharghar.
There are many well-known schools in Kharghar, such as D.A.V. International School (CBSE), Sanjivani International School (ICSE), Valley International School (State board schools), Convent of Jesus & Mary High School & Junior College, National Institute of Fashion Technology (NIFT) and Institute for Technology & Management.
You can rely on these famous hospitals in Kharghar like Mater Hospital, Kharghar Medi City Hospital for your medical needs.
Little World Mall, Glomax Mall and Seawoods Grand Central Mall are essential places in Kharghar area for recreation. You can get to these in 20 minutes or less from the neighborhood. Kharghar has many industrial estates and offices of many large companies. Because of this, Kharghar is the best place to invest in Navi Mumbai.
Sanpada is one of the best places to live in Navi Mumbai. The area is a well-known place for people to live and it has good connections to Mumbai. Compared to Mumbai, residential properties in Sanpada tend to be less expensive. Most new homes in Sanpada are apartment complexes or C.H.S., which stands for Cooperative Housing Society. Moraj Residency, Keshav Kunj III, Mahavir Sadhana CHS, Bhoomi Paradise and Millennium Towers are the most important projects.
Some of the best schools in and around Sanpada are Ryan International School (CBSE School), Sadhu Vaswani International School (ICSE School), and OES International School, St. Xaviers High School & Junior College and Western College of Commerce & Business Management.
MPCT Hospital, MGM New Bombay Hospital and Shushrusha Hospital are well-known hospitals in the Sanpada area.
Inorbit Mall, Raghuleela Mall, and Seawoods Grand Central Mall are popular places to shop near Sanpada.
Southern Navi Mumbai
Dronagiri is in Navi Mumbai and is part of the Raigarh district. To the north is Jawaharlal Nehru Port Township, to the east is Uran and to the south is Karanja creek. The neighborhood is still being built up. There aren’t enough important buildings and roads in the area. But the government has announced many significant infrastructure projects, like the Nerul Uran railway line, which will make it easier to get around and increase the demand for homes.
Many projects are being built in Dronagiri by the Villa Group and Prajapati Group. Excelencia, Dev Luxuria, Aryan Esplanade and Prajapati Magnum are the most critical projects.
Some of the hospitals in Dronagiri are Care Point Hospital, Palvi Hospital and Indira Gandhi Hospital.
S S Patil International School (ICSE Schools), Rotary English Medium High School & Junior College and Dronagiri High School are some good schools in Dronagiri.
In Dronagiri, Uran is a neighborhood. It has markets and shops. Near Dronagiri, the only place to shop is Glomax. Dronagiri is a key industrial area because it is close to the Arabian Sea.
Central Navi Mumbai
a. CBD Belapur
Central Business District (CBD) Belapur in Navi Mumbai is a very important business area to invest in. It was built to fit with the plans for the city of Greater Mumbai. Swami Vivekanand Nagar, Sabhaji Nagar and Belapur Village are some of the most popular places for people to live in the area.
CBD Belapur is bordered on the west by Seawoods, on the east by Khargar, on the south by Panvel Creek and on the north by Nerul. Some of the most important projects in CBD Belapur are Progressive Sea Lounge, Hill View Residency, Maruti Paradise, C Teja Signature, etc.
Some of the most important builders in CBD Belapur are the Progressive Group, the Priyanka Developers and the Maruti Group. CBD Belapur East has a good mix of infrastructure for both social needs and shopping.
Important schools and colleges in CBD Belapur include Delhi World Public School (CBSE School), D.G. International School (ICSE School), Little Angels English High School (State Board Schools), Bharati Vidyapeeth College of Engineering, Y.M.T. College of Management, and IIM Indore, Mumbai Campus.
Many nursing homes, hospitals and clinics like Apollo Hospitals, MGM Hospital, and AS Nanesh Hospital are in CBD Belapur. Many shopping centers such as Bhoomi Mall, Kalpataru Shopping Complex and Ekta Vihar Shopping Center are also present in CBD Belapur.
Seawoods is a planned, nice neighbourhood in Navi Mumbai. To the north is Nerul, to the south is Panvel Creek, to the east is CBD Belapur, and to the west is Thane Creek. Naik Wadi, Sector 50, Nerul, and Belapur Village are some of the most critical places in Seawoods. Some of the most influential builders in the area are Shree Developers, Chamunda Developers and Ahuja Constructions. Their projects include Shree Laxmi Maruti Niwas, Chamunda Serene and Ahuja Kanchan Towers.
Many good schools and colleges in the area of Seawoods are available, such as St. Jude’s High School, Podar International School and Delhi Public School (CBSE Schools). Tilak College, Terna Engineering College and Sterling Institute.
For your medical needs, Seawoods Hospital, Apollo Hospitals, NeuroGen Brain and Spine Institute are trusted names for hospitals in Seawoods.
Seawoods Grand Central Mall and local markets have grown in the area. Seawoods is a great place to live, but banks and government offices are also there.
All the places listed above where you can invest in Navi Mumbai have their own benefits. But it wouldn’t be a bad idea to invest in them because it’s easy to get around from these places to other parts of Navi Mumbai, Mumbai and Thane. Investing in these areas of Navi Mumbai is a good idea because Navi Mumbai is growing quickly especially after the announcement of upcoming Navi Mumbai International Airport.
The real estate market in Navi Mumbai is very profitable because it is affordable, has good connections and has a lot of employment opportunities too. Navi Mumbai is an excellent place to invest in real estate because it is one of the most popular places for people to buy homes. After all, it is affordable, easy to get to and has jobs.
Experts think that because CIDCO’s housing scheme will give 90,000 flats to people in the Economically Weak Section (EWS) and the Middle-Income Group (MIG), there will be more demand for housing in Navi Mumbai in the future. A great return on property investment could come from investing in above areas.