Here are eight reasons why Kharghar has the most profitable commercial properties:
1. Navi Mumbai has been witnessing impressive physical and social infrastructural developments thereby creating the perfect setup for commercial players to set their footprint in Navi Mumbai. if a buyer is investing in projects in Kharghar, they will be at an advantage of being able to access Navi Mumbai’s business zones like Vashi, CBD Belapur, Mahape.
2. An area’s commercial advantage will be at a high if it’s well connected by transportation and has amenities that give access to both residential and commercial opportunities. The upcoming Navi Mumbai International airport, CIDCO’s Central Park, and Sewri- Nava Sheva Link is also set to hike Kharghar’s commercial and residential property appreciation.
3. Commercial spaces also tend to get more rental income than residential properties. Over the years the commercial Projects in Kharghar have been earning more 18 to 22% of the property’s value as a rent per month making it as a more attractive investment for Non-Resident Indians.
4. Many investors from Mumbai have shifted gears to projects in Navi Mumbai as it less expensive and is well connected by road and rail to Mumbai and Thane. Kharghar offers commercial realty space at competitive rental rates with all the amenities that are available in the metro city of Mumbai.
5. Kharghar is well-connected via the Harbour Line of Mumbai’s suburban railway network. The Flats in Kharghar are also available at competitive prices that make it a good investment decision and given the commercial activity in the area would be mean higher yield of rental income.
6. The City and Industrial Development Corporation (CIDCO) is in the process of shaping Kharghar as a well-developed region with amenities. CIDCO is also on a constant endeavor to make it one of the best locations in Navi Mumbai.
7. Kharghar has an 18-hole golf course opposite Central Park. The Central Park is over 80 hectares and has a jogger’s track, food courts, fountains, botanical gardens, amphitheater, theme parks and a greenhouse. These factors are very inviting for international companies looking at properties in Kharghar for setting up their office.
These reasons are a testament to the fact that Kharghar has the most profitable commercial properties. Moreover, the introduction of RERA has helped immensely in strengthening the investment in commercial and residential properties. Kharghar is on its way to becoming “Bandra” of Navi Mumbai due to its affordable housing, adequate housing facilities, healthcare and educational facilities.