Navi Mumbai is poised for another wave of growth

In case you are looking for the best residential projects in Mumbai, you would do well to focus on areas like Ghatkopar and Santacruz which are doing really well at present. However, Navi Mumbai also offers several attractive commercial and residential options for buyers. This is majorly because of a spurt in demand from customers in this part of town and of course, several infrastructural and civic improvements that have contributed towards the same. Navi Mumbai is set to witness another round of demand which promises to be even more in comparison to the initial development phase of the area. Navi Mumbai did witness an explosion and huge boom in the property market quite a few years ago and the same trend is set to be repeated now with multiple infrastructural projects being cleared off the docks the authorities. Some of the best residential projects in Mumbai are set to be developed in Navi Mumbai, on the back of this resounding boom in real estate and infrastructure development. Investors have already lined up in droves and pre-launch bookings have gone up for projects in Navi Mumbai.

Apart from getting some of the best residential projects in Mumbai, Navi Mumbai will also be benefited by the setting up of the INR 4,000 crore SEZ or special economic zone at the JNPT or Jawaharlal Nehru Port Trust. This development will boost overall infrastructure in Navi Mumbai hugely and subsequently the real estate market will also receive a much needed boost. The foundation stone for this project was laid by none other than Prime Minister Narendra Modi and the government owned SEZ will lead to an appreciation in values of property in Navi Mumbai over the years. This is good news for end users and investors alike as they prepare to snap up properties in Navi Mumbai at present.

It is a good time to purchase property in Navi Mumbai as the best residential projects in Mumbai are being brought here by leading developers and ancillary infrastructure development, i.e. better roads, flyovers, underpasses and other social infrastructure are being readied at a skyrocketing pace in several areas. The Belapur-Thane industrial zone will be a major growth driver for real estate in Navi Mumbai while the widening of several roads will also boost connectivity and decrease traffic congestion in the area. Panvel is another area that will witness huge growth in times to come.