Why the demand of real estate property in Navi Mumbai rises?

Mumbai has always appeared as a sparkling gem in the crown of real estate in India.  Owing to its whopping population and being the sixth highest populated city, Mumbai has offers shelters to both rich and poor. The prices of the residential properties in Mumbai have been skyrocketing, and this gave the suburban areas around Mumbai to flourish. One of such areas is Navi Mumbai, because residential properties are comparatively cheaper here, and in the near future, the prices will certainly soar as the demand is on the rise.

There is already a good amount of demand for real estate property in Navi Mumbai. There are several factors that are driving people towards this area. Infrastructure is the main key here. Navi-Mumbai is one of the largest planned cities in the World- probably the only no slum city in India. It is known for offering a pollution free eco-friendly environment. On the back of the excellent infrastructures and rapid development coupled with pollution free environment, real estate property in Navi Mumbai  is growing tremendously. Great connectivity to Mumbai and Pune by road and rail is an add on.

The proposed 6 lane Sewri-Nhava Sheva road cum rail link will reduce the travel time between Navi-Mumbai and Mumbai. There are several proposed infrastructure projects in the pipeline as well including a Metro, the Mumbai Trans Harbour Link and the Navi Mumbai International Airport. When the plans for the airport were announced there was a lot of enthusiasm shown by the realty sector.

With the upcoming International Airport, Navi-Mumbai has seen increased demand for properties. Interestingly it offers home of various categories, catering to different income group. Due to these factors a good numbers builders are showcasing their interest to launch new projects in Navi Mumbai.

Another reason why Navi Mumbai has caught the attention of those looking for a property is because of the presence of employment generators such as SEZs and IT parks in the area. A fair majority of property seekers in Navi Mumbai belong to the working class. Areas which are emerging as top choices in Navi Mumbai are Panvel, Ulwe, Kharghar, Karanjade & Taloje. Some of the infrastructure facilities in Navi Mumbai are also unique.

For example, the Polder technique of storm water management, with twotier drains, detention and holding ponds, has made monsoon flooding a thing of the past in Navi Mumbai. "Navi Mumbai is a well­planned city, which has taken future demands into consideration. For instance, the skywalks in Kharghar may seem unnecessary today but it will be widely used, ten years from now. Navi Mumbai is also an aesthetically developed city, with each sector having its own identity. The city also has an excellent social infrastructure with number of good schools, colleges, hospitals and many more. Several multiplexes, shopping malls, clubs, restaurants are available for fun and entertainment purposes that also adds to the lifestyle quotient.

The real estate developers and builders launches a spate of new projects in Navi Mumbai that  offers state of the art infrastructure, world class facilities , top notch amenities, better living conditions and many more. So, the place emerges as a great investment destination.