Navi Mumbai real estate has been on a high since last some years. Different policy changes have triggered the settlement in the market which has brought in the paradigm shift in the buyer’s perspective. Here is a guide to buyer’s perspective on the real estate in Navi Mumbai.
Decision making points :
Development of Navi Mumbai airport is the point of importance while choosing the property locations in Navi Mumbai. Settlement of prices is also one paramount point which buyers may look at in the coming year although there has been only marginal settlement.
Policy Changes :
Real Estate Regulatory Act has been a check in the real estate industry’s business practices, which has brought in a lot of trust from investors. GST, a single window tax system has been a game changer in buyer’s sentiment. The property buying sentiment is positive and in the year 2018, there would a be a surge in property buyouts. Many buyers are yet to be well acquainted with the guidelines of RERA and GST, the awareness of both of these game-changing policies will create a level playing field.
Myriad options :
There are numerous projects in Kharghar which can be thought after for buying. Kharghar has been developed keeping the Navi Mumbai airport in view. It has some of the best projects in Navi Mumbai. Among the other popular locations, Ulwe has been the upcoming locations regarding real estate. People prefer buying flats in Ulwe as it is the most upcoming real estate market in Navi Mumbai.
Connectivity of Ulwe and Kharghar is good with the rest of the Navi Mumbai with many good schools and hospitals, Ulwe has been the prime real estate spot for the last year and continues to attract the traction for buyers interested in affordable property buying segment. With RERA and GST in place, buyers are looking at a property which is value for money.
Physical Infrastructure :
Navi Mumbai has impeccable infrastructure which focuses on water supply. Navi Mumbai also receives good amount of rainfall and CIDCO has made sure that the disposal of rainwater is taken care of. A very effective storm water drain management system is designed to prevent flooding.
A property buyer while buying any property would look forward to a value for money preposition, Navi Mumbai is and will be the most preferred destination for real estate in the next coming years for sure.