Suburbs such as Shilphata, Roadpali, and Karanjade have emerged as some of Navi Mumbai's fastest developing investment hotspots, thanks to improved road connectivity and the construction of new metro lines. Home values in these areas have risen by up to 20% year on year, averaging Rs 8,000 per sq ft.
Because of skyrocketing property prices and limited land for new developments, Mumbai's residential landscape has created a niche. As a result, many homebuyers have shifted their focus to Navi Mumbai's comparatively affordable residential market. It not only provides reasonably priced housing but also a lifestyle comparable to that of Mumbai. If you want to buy a flat for yourself or as an investment, here are the 10 fastest growing investment hotspots in Navi Mumbai.
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Navi Mumbai, Shilphata
Shilphata is a rapidly growing neighbourhood located at the intersection of Kalyan-Shilphata Road and National Highway (NH)-48. This strategic positioning has allowed it to increase its prices by more than 20% in the last year. The current average home value is around Rs 7,650 per square foot. Upcoming infrastructure developments, such as the Ghatkopar-Ghansoli Link Road, the Airoli-Dombivali Tunnel Road, and the Kharghar-Kalyan Monorail, as well as the upcoming Airport in Navi Mumbai, are expected to accelerate real estate growth and property prices in the area. Shilphata's rental market is influenced by its proximity to the commercial hubs of Airoli and Palava Experia. Two-bedroom apartments account for a sizable portion of the total inventory for sale and rent in Shilphata.
Taloja from Navi Mumbai
Taloja, located off the Old Mumbai Highway (NH-4), is a well-planned locality by Maharashtra's City and Industrial Development Corporation (CIDCO). It is divided into two phases, each of which offers a mix of affordable housing and industrial establishments. While Taloja Panchnand Railway