CEO – Residential Services,
As older nodes of the city
get saturated, residential development gets pushed to
areas in the vicinity. Navi Mumbai was the answer to the growing space crunch
in Mumbai, and was created to cater to the rising demand for real estate and to
ease the pressure on Mumbai. The satellite city Navi Mumbai is today the
largest planned new city in the world.
Navi Mumbai has
successfully gained the tag of one of the most popular property destination in
the country. With well-planned infrastructural development, the residential
market there has witnessed a steady appreciation in its property prices. It
also has its own high-end residential areas.
·
Palm Beach Road..!
There is a constant demand
for residential property on the Palm Beach
Road. This is merely because it is the only area in Navi Mumbai where maximum
high-rise properties offer sea view.
It is a highly aspirational
locality, since it offers a luxury status almost on par with South Mumbai. The
current property prices on Palm Beach road range between Rs.14,000–18,500 per sq.ft.
·
Vashi..!
Vashi is the first node of
Navi Mumbai which was planned and executed by CIDCO. The area is well connected
with the key business districts of the city and enjoys excellent connectivity
to Mumbai and Pune. Vashi ranks high on social and civic infrastructure, and
the property prices of this region range between Rs.11,000-17,000 per sq.ft.
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