Now let us look at some reasons to invest in Navi Mumbai real estate projects:
Property in Navi Mumbai comes with high-quality specifications along with excellent location and amenities. They build community projects that come with the comforts of parks, shopping malls, clubs, conference rooms, guest rooms, round the clock security and many more.
Builders in Navi Mumbai are offering properties that are strategically located and has the advantage of assessing the bustling city of Mumbai, Pune and the areas of Ulwe, Kharghar. Navi Mumbai is also going to be home to the Mumbai Trans Harbour line making it longest seaway route in the country.
3.Price of the residential property:
Residential properties in Navi Mumbai cost very less than procuring an apartment in Mumbai. Every Mumbaikar knows that Navi Mumbai is the place to purchase their dream home. The per square foot rates are very less than any other surrounding metros. When it costs an average of Rs 3 to 5 Crore to purchase a 1000 sq.Ft apartment in Mumbai, you can get the same apartment for Rs80 lakhs to 1 Crore in Navi Mumbai.
4.Return on investment:
Navi Mumbai is now becoming a preferred location for IT parks, Special Economic Zones and the upcoming Navi Mumbai international airport that will take on the heavy load of the Mumbai international airport. These advantages are available for those buyers who will buy a property from the builders in Navi Mumbai. In the coming times, a property acquired in Navi Mumbai will have its value raised, and there is also the potential of earning higher rental incomes in the coming years.
Real estate developers in Navi Mumbai are offering properties along with add-ons such as woodwork, interior decorations, and many more fittings. The buildings are available in a location that has the potential to get appreciated over time. The City Industrial Development Corporation of Mumbai (CIDCO) has also allotted more than 800 acres of land to be developed as residential and commercial units thereby making Navi Mumbai as the preferred location for first time home buyers and budding industrialists.
6.Impact of RERA:
The implementation of the Real Estate Regulatory Authority has guaranteed the buyers peace of mind by making the disclosures and the buying process more transparent. The confidence instilled by RERA has made Navi Mumbai as the trending place. The builders in Navi Mumbai need to seek and obtain the necessary permissions from the local authorities and RERA before commencing on the project, and they have apprised the customers even the minuscule changes in the plan or the property. So, the buyer can procure properties from the Builders in Navi Mumbai, without a shadow of a doubt.
These reasons attest to the fact that buyer can purchase a property from the real estate developers in Navi Mumbai without any second thoughts and benefits from the major development that are happening in this satellite city Navi Mumbai.