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Residential Localities Top 10 Localities | Navi Mumbai Magicbricks Prime Demand Drivers Top Localities One of the top-performing cities in 2019 from Top Locality Rank Avg. Price QoQ Change YoY Change demand perspective Panvel 1 6,977 -1.2% 16% Kharghar 2 8,710 0.8% 3% Vashi 3 12,844 2.7% 4% Navi Mumbai is witnessing healthy real estate activity attracting end user demand, backed by big infrastructure projects like Navi Airoli 4 11,654 -0.9% 7% Mumbai International Airport, Navi Mumbai Metro, and Mumbai Kamothe 5 7,325 0.2% 8% Trans Harbour Link. Nerul 6 13,235 2.5% 4% Taloja 7 6,309 -0.1% 17% According to PropIndex, the Residential report recently released by Ulwe 8 7,663 -0.4% 17% Magicbricks, Panvel, Kharghar, Vashi, Airoli, Kamothe, Nerul, Taloja, Seawoods 9 12,390 -3.5% 6% Ulwe, Seawoods, and Belapur are the top 10 most searched localiti.. Belapur 10 11,661 -1.9% 13% Note: Represents average locality prices in INR psf, with changes in prices in For more infromation on localities in Navi-Mumbai, please visit: the last quarter (Q4 2019) and last one year ( 2019) https://www.magicbricks.com/localities-in-navi-mumbai Source: Magicbricks Research Magicbricks Research Analysis Panvel | INR 4,230 - 9,850 per sq ft. Kharghar | INR 7,000 - 10,780 per sq ft. Panvel is the most preferred location for buyers searching for homes Kharghar is a developed residential node comprising of mid and in Navi Mumbai. The locality includes areas such as Panvel East, premium multi storey apartments, having close proximity to the Panvel West, New Panvel, and area along the Mumbai-Pune Mumbai- Pune Expressway. Expressway Demand Drivers – Serene and green neighborhood, affordable housing Demand Drivers - Proximity to upcoming Navi Mumbai International schemes by CIDCO, proximity to prominent academic institutions, golf Airport, Navi Mumbai Airport Influenced Notified Area (NAINA), and course, Metro and International airport Trans Harbour Link Key Developers | Paradise Group, Adhiraj Constructions, Arihant, Key Developers | Kalptaru, Hiranandani Group, Wadhwa Developers, .. Tharwani Group, Juhi Developers, Shah Group, and Haware Properties Airoli Kamothe Nerul Seawoods Ulwe Null Belapur Kharghar Panvel Taloja Vashi Parsik Hill Ghansoli Mahape MIDC Rd Road Pali Sector 4 CBD Belapur © OpenStreetMap contributors Ulwe Karanjade Note: Above map highlights the top 10 localities of the city, with the size of the bubble depicting demand (consumer preference) for properties in the localities on Magicbricks website in 2019 Source: Magicbricks Research © magicbricks.com Page 1 Top 10 Localities | Navi Mumbai Magicbricks Vashi | INR 8,580 - 17,940 per sq ft. Airoli | INR 9,300 - 14,080 per sq ft. Vashi is one of the most expensive and well developed locations of Airoli comprises of a wide range of affordable to premium residential Navi Mumbai. The locality includes areas such as Vashi, Turbhe, and apartments. It is surrounded by various IT parks and industrial areas, Kopar Khairane. and includes areas such as Airoli, Rabale, and Ghansoli. Demand Drivers - Well developed social and retail infra, proximity to Demand Drivers - Well developed social & retail infrastructure, employment hubs, and excellent connectivity to Mumbai . proximity to employment hubs, excellent connectivity to Mumbai. Key Developers | Shah Group, Haware Properties, Raikar Group, Key Developers | Sunteck Realty, Akshar Group, Pyramid Infratech Proviso Group, Giriraj Developers, Pranjee Group, Agarwals Group, Company, Newa Developers, Swaraj Builders and Developers, and and National Builders Raikar Group Kamothe | INR 5,900 - 9,150 per sq ft. Nerul | INR 10,100 - 16,150 per sq ft Kamothe is an upcoming residential locality adjacent to Mumbai Pune Nerul is a premium residential and commercial locality in Navi expressway, comprising of affordable housing units. The locality Mumbai, comprising of multi storey apartments, as well as individual includes areas such as Kamothe, Kalamboli, and Khandeshwar. row houses. The locality includes areas such as Nerul, and Juinagar. Demand Drivers - Budget homes with well developed social and retail Demand Drivers - Well established social and retail infrastructure, infrastructure, excellent connectivity to employment hubs in Navi proximity to IT Parks and industrial areas, excellent connectivity to Mumbai, Mumbai, and Thane. Mumbai and Thane. Key Developers | Tharwani Group, Akshar Group, Pratik Enterprises, Key Developers | Akshar Group, Paradise Group, Bhagwati Infra, Haware Properties, Platinum Group, and Bhagwati Group. National Builders, Juhi Developers, and Wadhwa Group. Taloja | INR 4,300 - 9,550 per sq ft. Ulwe | INR 6,210 - 9,100 per sq ft. Taloja is a developing affordable residential area in Navi Mumbai, Much sought after location for affordable homes, comprising of multi comprising of multi storey residential buildings. The locality includes storey residential buildings. It is a residential area close to Nerul, areas such as Taloja, Navade, and Roadpali. Belapur, and Panvel localities. Demand Drivers - Affordable housing units, presence of a major Demand Drivers - Budget homes with adequate social and retail industrial area, and proximity to prominent academic institutions, infrastructure, connectivity to Mumbai and Thane via harbour line, employment hubs, and upcoming Metro and International airport proximity to upcoming airport and Navi Mumbai SEZ. Key Developers | Arihant Superstructures, Lodha Group, Gami Group, Key Developers | Platinum Group, Bhagwati Group, Paradise Group, Kamdhenu Realties, and Paradise Group Builders and Developers. Satyam Developers, Neelkanth Realty, and Lakhani Builders. Seawoods | INR 9,450 - 15,350 per sq ft. Belapur | INR 9,400 - 13,950 per sq ft. Premium residential locality, comprising of low, mid and high-rise Premium residential and commercial locality comprising of multi apartments, as well as independent houses and villas. It is a posh storey apartments, as well as independent houses and villas. Various locality overlooking the Palm Beach Road, mangroves, and creeks. government and commercial offices are present in Belapur. Demand Drivers - Well established social and retail infrastructure, Demand Drivers - Presence of Central Business District (CBD), proximity to major employment hubs, excellent connectivity to proximity to employment hubs in Navi Mumbai, excellent connectivity Mumbai and Thane. to Mumbai, Thane and Pune. Key Developers | Pyramid Infratech, Platinum Group, Akshar Group, Key Developers | Bhairaav Group, Progressive Group, Bhumiraj Group, Tricity Realty, and CIDCO (NRI Complex). C Teja Group of Companies, Akshar Group. For more infromation on localities in Navi-Mumbai, please visit: https://www.magicbricks.com/localities-in-navi-mumbai For more information and research related queries, please contact: Surabhi Arora | Head of Research Devendra Lohmor | Chief Manager Deepak Rajput | Sr. Research Analyst [email protected] [email protected] [email protected] Disclaimer: The data represented above is compiled by MagicBricks from multiple sources. MagicBricks gives no warranty, express or implied, as to the accuracy, reliability, and completeness of any information and does not accept any liability on the information which may or may not be subject to change from time to time due to Governmental or non Governmental regulations/directions. © magicbricks.com Page 2.
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