Author: Karunesh Verma
The upcoming Navi Mumbai International Airport (NMIA) is poised to significantly influence the property prices in its vicinity. Five key micro-markets – Ulwe, Kamothe, Kharghar, Taloja, and Panvel – are expected to benefit from this development.
The NMIA, with its state-of-the-art facilities, is set to bolster the region’s connectivity, thereby making these areas more attractive to potential property buyers. This improved accessibility is likely to drive up property prices, presenting a lucrative opportunity for both property developers and investors.
For instance, Ulwe, known for its planned infrastructure and proximity to the upcoming airport, has already seen a surge in demand. Similarly, Kamothe, with its strategic location between the Mumbai-Pune Expressway and the Sion-Panvel Highway, is attracting homebuyers and investors alike.
Kharghar, another region in the vicinity, is witnessing a real estate boom due to its green surroundings and well-developed social infrastructure. Taloja, known for its affordable housing options, is also expected to see a rise in property prices due to its proximity to the NMIA.
Lastly, Panvel, with its mix of residential and commercial properties, is set to gain from the improved connectivity and infrastructure development.
Moreover, the regions near the NMIA and Jawaharlal Nehru Port Trust (JNPT) are seeing a rise in demand for office spaces. Companies are increasingly looking for fully furnished offices near the Navi Mumbai International Airport. This trend is further fueled by the availability of ready-to-work offices at competitive prices.
For instance, Bharat One Spaces offers fully furnished and ready-to-work offices starting at just ₹4999 per month. This makes it an attractive option for businesses looking for an office near NMIA or an office near JNPT.
In conclusion, the advent of the NMIA is set to reshape the property landscape in Navi Mumbai. Whether you’re a homebuyer, an investor, or a business looking for an office on rent, now is the opportune time to make your move.