Real estate investment is an attractive investment opportunity. The investment potential of a real estate project depends on various factors. These factors may be macro or micro in nature. Macro factors are those factors which affect the entire real estate market of a particular country or economy. Micro factors are limited to a particular real estate market only. Before making an investment, the investor should analyze both
Growth Potential
Navi Mumbai has established itself as a real estate investment heaven. The market is still developing and there is much
Planned City
Navi Mumbai is said to be the largest planned real estate investment, whether in the commercial segment or the residential segment. Navi Mumbai has gained much value due to the emergence of corporate sector in the form of SEZs and IT parks. The area has also seen a spurt in the growth of shopping malls and other areas of civic amenities. Navi Mumbai is now a new hot spot for real estate investments, short term or long term.
Navi Mumbai area was carved out in the seventies to meet the growing demand for real estate which could not have been met by main Mumbai area. Navi Mumbai emerged as the satellite town to aid the growth the Mumbai region. The city is considered to have area of more than 300 Sq. kilometers and it stretches from Airoli to Uran. The city is well planned and well connected to main land Mumbai. The city is also very well planned. City and Industrial Development Corporation or CIDCO is entrusted with the task of developing this city in an organized manner. The fruits of CIDCO’s efforts are clearly visible as Navi Mumbai has all the ingredients to make it a world class city.
Varied Price Range
Navi Mumbai is divided into 14 different nodes to facilitate orderly development. The main nodes are New Panvel, Ghansoli, Vashi and Pushpak. Other nodes such as Kalamboli, Jui Kamothe, Sanpada and Belapur are also emerging as attractive investment avenues. The investors should zero in on a particular node to analyze the investment potential. Not all nodes offer equal rate of growth and these nodes have different characteristics from each other. The investor should be careful to pick the nodes which best meet their requirements and investment criterions.
Alternative to Mumbai
Navi Mumbai offers an attractive alternative to the mature market of Mumbai. The investment potential of mainland market of Mumbai is still good, but it is saturated now. The investment threshold is also very high, bringing this market out of reach of the retail investors. In such cases, it is prudent for investors to look elsewhere. Navi Mumbai is one such striking option. The investment threshold for Navi Mumbai is reasonably low and being a growing market, it is likely to offer increasing rate of return for foreseeable future.
Quality of Living
Qualities like excellent infrastructure, educational facilities, clean air and water makes Navi Mumbai an ideal place to set up a new business or house. The area is also well maintained, well planned and less crowded than mainland Mumbai. There are also new facilities such as a golf course and domestic airport coming up in Khargar node. Various other facilities including restaurants and shopping outlets are mushrooming everywhere in the area. The city also offers new age healthcare facilities. These amenities are increasing the value of Navi Mumbai as an investment hub.
Commercial Hub
Navi Mumbai is also a commercial center. Different major Indian and International industrial houses have set up their business units in Navi Mumbai, propelling it on the real estate map. Navi Mumbai hosts one of the largest SEZs in India. Commercial development leads to the overall development of the area.
Navi Mumbai offers an interesting investment opportunity. The area provides commercial as well as residential investment avenue. The investors should look into the prospects of various nodes according to their investment needs. Airoli is considered to be one of the best areas in Navi Mumbai to offer residential investment opportunities. Navi Mumbai real estate market is expected to get in full swing by 2016. The investors should make their decisions before the market becomes saturated.
