Here is the list of advantages of purchasing a property in Navi Mumbai:
1.Navi Mumbai is a planned city and is an alternative to the over-crowded city of Mumbai.
2.The City and Industrial Development Corp of Maharashtra (CIDCO) has undertaken the planning of Navi Mumbai with a view of fulfilling the infrastructure needs of a modern metropolitan area.
3.The industries of chemical, pharmaceutical, engineering, textile processing, electronics, oil and oil processing, paper, plastic, steel and food industries are rampant in the area of Taloja and its surroundings.
4.The Thane-Belapur industrial belt of Navi Mumbai has Special Economic Zones (SEZ) and IT units that encourage the participation of native and foreign companies in the local economy.
5.The Navi Mumbai international airport is also a great alternative to the Mumbai International airport. The airport is equipped to handle more than a million passengers a year.
6.Navi Mumbai has the potential for higher rental yields due to the increasing employment opportunities in and around the areas of Navi Mumbai.
7.There are Builders in Navi Mumbai that offer many types of properties for sale in various price ranges for every budget.
8.Many IT companies are opting for office spaces in Navi Mumbai as it is quite cheaper when compared to the rent of the retail space in Mumbai.
9.The improved connectivity between the suburbs of Navi Mumbai is also a significant advantage and has contributed very much to the growth of the city.
10.Navi Mumbai ranks 3rd in terms of cleanliness and hygiene in a poll conducted by Union Ministry of Urban Development and Quality Council of India which is the part of Swatch Bharat Abhiyan amongst the 436 cities of India.
11.The areas of Kharghar, Ulwe, Taloja and Vashi are witnessing a massive investment in terms of residential properties.
12.The City Industrial Development Corporation of Mumbai (CIDCO) has also allotted more than 800 acres of land for Navi Mumbai’s development.
13.Navi Mumbai’s also has fast and responsive government agencies that have undertaken many infrastructural projects to make the area more inviting to residential and commercial investors.
14.Navi Mumbai is well connected to Mumbai, Pune and other areas of Maharashtra thereby making it a central point.
It is an undisputed fact that Navi Mumbai is headed for a massive development in the coming years.