Mumbai has been a single point of focus for buyers and developers of real estate in the Indian state of Maharashtra. However, in recent years the steady growth in population and development of businesses have made it imperative that there are newer urban zones created to accommodate commercial and residential allocations with equal impetus.
About Navi Mumbai
The planned township of Navi Mumbai is also very often referred to as the twin city of Mumbai. It lies on the western coast of Maharashtra from Airoli in the north to Uran in the south. It is a planned city that has scope for residential and commercial allocations.
Here are some of the places for residential plots in Navi Mumbai.
- Belapur – An approximate asking rate of Rs. 4000/ per square feet.
- Kharghar – Approximate asking rate in this region is Rs. 8000/ per square feet.
- Vashi – The asking rate here is approximately Rs. 8000/ onwards per square feet.
- Airoli – Asking rate is approximately Rs. 7500/ per square feet approximately.
- Nerul – An asking rate of approximately Rs. 8000 onwards per square feet.
- Panvel – The average approximate price range starts from Rs. 7500/ onwards per square feet.
About Panvel
Though the city of Panvel is almost synonymously referred to with Navi Mumbai, it has a distinct boundary and a municipal council. The city adjoins Navi Mumbai and comes right after the border of the Thane district.
Panvel is new and a refreshing address for all those who wish to remain in close proximity to one of the busiest cities of India; while being here the place gives them a refreshing and charming place of habitat that is close to bounteous natural surroundings.
Popular places for plots in Panvel are as follows.
- Akroli Road
- Sai Nagar Road
- Hiranandani
- Rasayani
- Karanjade
There are ready to avail plots in panvel, Navi Mumbai for both residential and commercial purposes. Roads and infrastructural advantages are consistent with roads, water and power supplies along with other necessary aspects of modern life.
There is a considerable difference of prices that one may find in the asking rates for residential and commercial land plots in Panvel, Navi Mumbai that are available for sale. Some of these plots that have ready to avail houses and apartments will be priced differently.
Free land plots located in Panvel are available for Rs. 800/ onwards per square feet and steadily rise to more than Rs. 2500/ per square feet. There are regions and localities within Panvel that have a higher asking rate as well. The actual prices are mostly determined by the ease of accessibility and relative proximity with important centers like Thane, Navi Mumbai and Mumbai city itself.
Commercially land is in huge demand within Panvel and Navi Mumbai; there is a substantial development seen in recent years that have led to an encouraging start to commercial ventures here by some of the well known companies of India.