Navi Mumbai, which is one of the best planned cities in the world, has been developed as twin city of Mumbai and lies on the eastern seaboard of Thane and stretches from Airoli near north Thane. The city is as large as Mumbai and has population of approximately 2,100,000 crore, It was developed to decongest Mumbai and make it an alternative heaven. Navi Mumbai property market is, undoubtedly, witnessing exponential growth and still growing at a faster pace. Not only capital prices but also rental prices are skyrocketing in the city. In fact, many commercial organizations are facing difficulty in coping up with increasing prices.

In comparison to Mumbai, property prices are still less in Navi Mumbai and the place is not congested like Mumbai. Many IT and ITES have set shifted their base to the city and are happily operating their business from the city. The city has many ambitious projects in hand and is set to get world class infrastructure. Also, with the launch of international airport project in Navi Mumbai, the property prices are expected to escalate. Locations like Airoli, Turbhe, Ghansoli, Belapur, and Koper Khairane are some of the popular locations where one can get commercial property at affordable rates.

Navi Mumbai property market offers not only affordable housing, rental apartments but luxury also apartments as per one’s requirement. It offers houses to mid income people as well as higher income group people. Areas like Panvel, Kharghar, Koper Khairane, Palm Beach Road, Kamothe are emerging as residential hotspots and many people are busy looking out for accommodation there. Apart from that, many builders are coming up with new projects in the city and some of them are as follow:

o Arihant Aradhana, by Arihant Universals builders, is 2.5 kms form proposed International Airport and 1.5 kms approx. from Kharghar Railway Station and has basic amenities like Grand entrance A/c, Lobby with Lounges, Infinity Swimming and Paddle Pool, Games and Activity Area on 7th level, library cum study area on 11th level, party area on 15th level, fitness centre, business centre, gymnasium and steam room on podium level, Children’s Sand Pit with play equipments, diesel generator set, ground and podium level ample car parking space (payable) for each flat, video door security system with camera at entry gates etc

o Mahavir Ratan, by Abhishek Enterprises builders and developers, is located at Vashi has modern amenities like common solar water boiler for all toilets or water boilers in master toilets and geysers in other, concealed copper piping and lines in all bedrooms and living-cum-dining for split air conditioning, video door security system with intercom facility for all flats, three car parks approx. (Payable) facility for each flat, health club with gymnasium, steam bath, rain showers facilities on the fourth floor etc

o Chelsea, by Hiranandani Developers, is a 14 plus storey residential building offering well planned 2½ BHK apartments of 1125 sq. ft. The project is at prime location i.e Thane and offers amenities like Hiranandani Hospital, Hiranandani Foundation School, Club House, Hakone ,Entertainment, Private Bus Service etc.

o Eternity Row Houses, by Kanakia Group builders, is located at Thane offers ultra modern facilities and is a 21 Two Storey Row Houses layout.

Apart from these projects, there are many residential as well as commercial projects which are in pipeline and will contribute to overall development of the city.