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Read 99Acres In-Depth Coverage of the Locality in HT Estates HINDUSTAN TIMES, MUMBAI, CELEBRATING OUR 10thYEAR IN MUMBAI 10 htestates SATURDAY JULY 26, 2014 X CHANGING CITYSCAPES AIROLI INFRASTRUCTURE People are now moving beyond Mumbai city limits to satellite towns like Airoli for comparatively reasonable options. Airoli Thane Ram Nagar ada Station ad brokerspeak serves as a well-developed Ro Wired for growth Ro Subhash Nagar node for this reason and offers many commercial and “The easy connectivity residential offerings. The rise MugalsanMug HI-TECH Airoli is well-planned, with good social and civic infrastructure, Mugalsan Airoli Naka along with infrastructure of information technology development has increased companies establishing their and is becoming a favoured residential destination, especially for IT professionals Mind Space its potential and has given presence here has led to a AIROLI STATION further impetus to the rise in demand for commercial property market and office space too. MuMulund-lund iroli, a devel- -AAiirroolilii BridgeBrid in Airoli. The easy connectivity, ge Roadad oped neigh- RabaleRabale ABHAY KUMAR, CMD, Griha along with infrastructure bourhood in Statiatioonon Pravesh Pvt Ltd development has increased Navi Mumbai, its potential and has given Ais famous for further impetus to the being a residential and com- property market in Airoli, mercial suburb. One of the says Abhay Kumar, chief popular IT hubs, Mindspace managing director of Griha is situated close to the Airoli Pravesh Buildteck Pvt Ltd, a railway junction on the construction company. Thane-Belapur road. This is The area has seen huge one of the major reasons for growth in demand for working professionals to look residential units and a steady for properties for sale and price rise. The major reason rent in Airoli. behind this is the planned Some of the popular com- infrastructure development. panies hosted by Mindspace Thanks to its excellent IT Park include Cognizant, connectivity to important Capgemini, Accenture, suburbs like Mulund, Thane Wipro, IBM and Syntel. The and Vashi, Airoli is a popular locality is also very well con- hub in Navi Mumbai and is nected to neighboring areas now steadily growing as an IT such as Vashi, Panvel, Thane, hub, points out Mehul Thakur, Chembur, Sion and Mulund director of Viva Homes. via BEST bus services and local train. The Mulund-Airoli Bridge The Rajiv Gandhi garden in Airoli offers a green and open space for residents and makes for a good option for recreation. HT FILE PHOTOS has played a pivotal role Healthcare facilities in Airoli include the National Burns Centre. in Airoli’s popularity as NEW PROJECTS it serves as a connection Social amenities between Airoli and Nahur Airoli can be termed as a Today, Airoli is developing station on the central self-sustained suburb with faster than any other suburb railways. Some other major good social and civic ameni- in Navi Mumbai. “With a offices in the locality include ties in the neighbourhood. lot of IT companies and iGate Knowledge Park and It has a sizeable presence of industries like Reliance Reliable Tech Park. Even the primary social infrastructure and MIDC around, this region International Diplomatic facilities like schools, colleges, is now becoming an ideal Enclave (IDE), a high security financial institutions, hospi- housing accommodation settlement that houses consu- tals and shopping complexes. for many,” points out lates from various countries Abhay Kumar, chief Mehul Thakur, director of is located in Airoli. managing director of Griha Viva Homes. Pravesh Pvt Ltd, a construc- With the upcoming Navi Connectivity tion company, highlights that Mumbai airport, the Airoli scores high in terms the presence of the National locality is bound to witness of connectivity and acces- Burns Center, two premier substantial growth in the sibility be it by road, bus or engineering colleges, many near future. train. With Thane-Belapur corporate houses and a Road in the north, Airoli number of schools such as enjoys connectivity to Navi St Xavier High School, Euro Mumbai nodes, Thane and School and Neo Kids, are Kalwa. The Eastern Express prime factors contributing to RENTAL RATE Highway provides connectiv- the continuously improving ity to Mulund and the rest of infrastructural amenities. A 1BHK is available for Mumbai. The Mulund-Airoli Educational institutes such around `8,000 per month Link Road has increased the as Datta Meghe College of and a 3BHK can be rented potential of Airoli as one Engineering and Shreeram out for about `25,000 can reach Mulund within 20 Polytechnic provide to `30,000 per month. to 25 minutes. advanced courses. However, in Airoli a The Mulund-Airoli bridge CAPITAL VALUE - TRENDS INR PER SQUARE FEET FOR AIROLI 2BHK is available between has also contributed to Entertainment Flamingoes fl y across a creek in Airoli, which is seeing rapid real-estate development. `15,000 to `22,000 per Airoli’s expansion in recent Markets and shopping 9,000 month, and sees a years. Mulund-Airoli is one centres are available within frequented by residents. professionals in the locality. Malls that are fre- 8,8,00 maximum demand. of the only two bridges close proximity, an added Popular ones include D Mart, locality has also led to a rise quented by residents of this 8,600 that connects Mumbai to advantage for the location. Maxmall and Market Line. in the number of eateries and area include Max and More. 8,400 Navi Mumbai. Shopping centres in Airoli The presence of working shopping complexes in the Article courtesy 99 Acres 8,200 8,000 ` CAPITAL RATE 7,800 7,600 The commercial set up 7,400 in Airoli has spiked the htestates 7,200 residential demand here, CLASSIFIEDS leading to a rise in capital 7,000 values. With the presence 6,800 of many information Jan-Mar Apr-Jun Jul-Sept Oct-Dec Jan-Mar 2013 2013 2013 2013 2014 technology companies here, many IT professionals CAPITAL VALUE - TRENDS INR PER SQUARE FEET FOR AIROLI chhose to settle down in this area. The area is also PROPERTY well connected, offering 10,000 easy access to most offices and entertainment hubs, keeping in mind the kind 8,000 of professions people are employed in. The area saw an increase 6,000 in price values since the last COMMERCIAL PREMISES year. “The property values 4,000 now stand in the range of AVAILABLE on Rent, Furnished `5,000 to `10,000 per sq A/C Gala 300 sq.ft. Aagar Bazar, ft,” says Abhay Kumar, chief Dadar (W). Pref: Office, Doctor, Specialist, Classes, Ice-Cream managing director of Griha Parlour.Contact :9820898971, Pravesh Buildteck Pvt Ltd, a 9167268427, 9029500660. 2005 2010 2011 2012 20132014 Upper RangeAverage RangeLower Range construction company. PROJECT TRACKER CURRENT RESIDENTIAL PROJECTS IN AIROLI LAND For Sale Hyderabad to Bangalore highway 110 kmts Name Developer Type (BHK)Avg. Size (Sq.ft.) Price (`)Date of possession 1650acrs,Hyderabad to Tandur highway 120Kmts 2,000acrs. Green World Akshar Developers 2/3 BHK 1180-1590 Sq ft 88 Lkh-1.2 Cr June 2016 Commercial land at banjarahills Road No -2,Out rate sale 14,600 sq.yrd. Land Available Ready- at AndraPradesh also. Signia Oceans Sunteck Group 3BHK 2133 Sq ft 2.5 Cr Cont - 09866207861. to-move Shubh Home Ready- Satyam Harmony 3BHK 1610 Sq ft 1.48 Cr Developers to-move 1BHK Apartment & 674 Sq ft – Ready- Newa Garden II Newa Developers 52 Lakh-1.01 Cr 1BHK Farm House Apartment to-move Mid-endsectorseesmostlaunches Anshuman Magazine and releasing funds worth `39,000 and Bangalore. ■ [email protected] crore into the market. Residential activity remained The new government, giving subdued in Hyderabad apital values remained impetus to the entry of REITs and Kolkata during the Clargely stable over the past as investment vehicles, is month; while locations such quarter, as expectations of expected to permit 100% FDI in as Whitefield, Kanakpura, an economic turnaround were e-commerce and infrastructure, Harlur Main Road (Bangalore); belied with GDP growth slowing while providing tax incentives to Gurgaon, Greater Noida down to about 4.7% for the finan- the realty sector at large. (Delhi NCR); and Andheri, cial year 2013–14. This marks the Goregaon, Kandivli (Mumbai); second straight year with below Housing market update witnessed significant 5% growth. Homebuyers and investors who development. A bright streak, however, was were planning to invest in prop- the emergence of a stable politi- erty have been expecting positive Office space update cal dispensation at the Centre, policy changes that in turn are Even though commercial leasing with a propensity to welcome likely to boost the housing seg- activity picked up marginally in investments and usher in eco- ment, going forward. the month of May, appreciating nomic reforms. The central bank In line with the preceding by about 6% q-o-q, the quantum FLATS Available for Sale at also took cues from the altered months, the largest quantum of leased space touched its peak Vile Parle (W) in New Building political environment and main- of new launches were observed for 2014 so far. Demand was with Occupation Certificate 1BHK &3BHK,Bajaj Road, tained status quo in its latest in the mid-end category; observed for small to medium- Vile Parle (W). 5Min Walking monetary policy review in May, mainly in cities such as Chennai, sized office spaces for most part. Distance from Vile Parle Station Call:- 9820740008 while cutting the SLR by 50 bps the Delhi NCR, Mumbai The author is CMD, CBRE.
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