If you’re checking out upcoming projects in Mumbai, Navi Mumbai makes for a good bet. There are several reasons behind choosing under construction projects in Navi Mumbai. These include planned infrastructural development, improvements in connectivity and comparatively reasonable property prices. This is why noted real estate developers are coming up with several upcoming projects in Navi Mumbai that you can choose from.
In fact, Navi Mumbai is fast becoming a hotbed for both affordable and mid-range housing as per reports. Several studies highlighted that ever since the year 2013, Navi Mumbai witnessed a whopping 80% of new housing launches till H1 2018 pertained to the affordable and mid-range categorise with prices ranging between Rs. 40-80 lakhs on an average. This is the price point where you will find several upcoming projects in Mumbai in this region. CIDCO created 14 well-planned townships in Navi Mumbai which are the following:
- CBD Belapur
- Kopar Khairane
- New Panvel
Commercial Development in Navi Mumbai
There are a slew of upcoming commercial projects in Mumbai that are strategically positioned in Navi Mumbai. These include an SEZ (Special Economic Zone) and the IBFC (International Business and Finance Centre) which will come up at Mahape and will create 5 lakh new employment opportunities in the future. This is touted to be the BKC (Bandra-Kurla Complex) of the future and will occupy a major portion of an industrial land parcel of 6, 600 acres in Navi Mumbai. The CBD Belapur business hub is already a major commercial centre here and CIDCO is already operating two IT Parks successfully at Vashi and Belapur which offer approximately 1.6 million sq. ft. of prime office space.
As per expectations, close to 8 million sq. ft. may be developed over the next few years in Navi Mumbai. The Kharghar Business Park is also expected to be a major game changer in the city in the future. Navi Mumbai is also home to several MNCs and other corporates like Larsen & Toubro (LnT), Siemens, Reliance, McDonald’s and Reliance to name a few.
Navi Mumbai International Airport–
The Navi Mumbai International Airport near Panvel is expected to give a massive boost to real estate prospects in the entire region along with sparking more commercial and industrial growth. The airport is expected to start functioning from mid-2020, a target which has been set by Maharashtra Chief Minister Devendra Fadnavis. This Rs. 16, 704 crore (approx.) project will ease the load on the Chhatrapati Shivaji International Airport in Mumbai and also play a vital role in the transformation of Navi Mumbai in the near future. This will naturally spark the growth of Panvel as a major housing destination of the future.
Metro Railway Line–
The upcoming metro projects in Mumbai that are in the pipeline for Navi Mumbai will certainly boost the real estate market hugely while improving connectivity rapidly in the bargain. The deadline has been set at April 2020 for the starting of operations of the first phase of the Navi Mumbai Metro project which is being handled by CIDCO. There will be 11 stations in the first phase which will commence from the railway station in Belapur and conclude at Pendhar which is near Taloja, spanning 11.10 kilometres in all. The second phase will connect Khandeshwar and the Taloja MIDC while the third phase will link the same to Pendhar. The fourth phase will link the new airport near Panvel to Khandeshwar.
With regard to road projects, these are two major developments which will boost connectivity greatly in Navi Mumbai over the next few years:
- 6-lane coastal road linking Belpada or the JNPT (Jawaharlal Nehru Port Trust) and Panvel’s Amra Marg. This will also be connected to the Navi Mumbai International Airport while having an interchange with the Mumbai Trans-Harbour Link at Shivajinagar.
- Mumbai Trans-Harbour Link- This pioneering project will span 21.8 kilometres and is also known as the Sewri-Nhava-Sheva Trans Harbour Link.
Navi Mumbai offers excellent social infrastructure, complete with attractions like the Pandavkada Water Falls at Kharghar, Belapur’s Parsik Hill, Mini Seashore Juhu Chowpatty at Juinagar and Sagar Vihar at Vashi along with the Mankeshwar and Pirwad beaches and the Central Park in tandem with the Golf Course.
Shopping malls in Navi Mumbai include the following:
- Raghuleela Mall at Vashi
- Orion Mall at Panvel
- Inorbit Mall at Vashi
- Little World Mall at Kharghar
- Seawoods Grand Central Mall
- Palm Beach Galleria
- Center One
- Citi Center
There are innumerable supermarkets like Spencer’s, More, Apna Bazaar, Daily Bazar, Fairprice, DMart and Reliance Fresh in the entire city. Top hotels like the Four Points by Sheraton, Fortune Exotica and The Park are located in the city.
Reputed educational institutions in the city include:
- DAV Public School
- Kendriya Vidyalaya
- Greenfingers Global School
- D Y Patil International School
- Delhi Public School
- St. Xavier’s High School
- Ryan International School
- National Institute of Fashion Technology (NIFT)
- Apeejay School
- KBP College
- Terna Engineering College
- Modern School
Leading hospitals in the city include:
- MGM New Bombay Hospital
- Fortis Hiranandani Hospital
- Apollo Hospital
- D Y Patil Hospital
- Sterling Wockhardt Hospital
- Kharghar Medicity Hospital
- Sunshine Hospital
- Parulekar Hospital
- Panacea Hospital
The Sion-Panvel Highway and the Palm Beach Marg are important thoroughfares for Navi Mumbai residents. The Palm Beach Marg offers easy access to Navi Mumbai through Vashi for those traveling from Mumbai. Navi Mumbai offers a solid public transport network comprised of NMMT and BEST buses which link areas like Bhiwandi, Thane, Mumbai, Badlapur, Dombivali and others. There are buses between Mumbai and Navi Mumbai while the major suburban railway stations in Navi Mumbai include Panvel, Belapur, Vashi and Nerul. Panvel is the mainline station here and a new broad gauge line is operational between Panvel and Karjat.
Several other high-speed railway routes are in the offing for Navi Mumbai along with the coastal road and Mumbai Trans-Harbour Link. Coupled with the expansion of the Mumbai Metro network, these developments will transform overall connectivity in Navi Mumbai over the next few years.