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DRONAGIRI: Go a Long Way and Play a Major Role in the Rapid Progress of Navi Mumbai

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DRONAGIRI: Go a Long Way and Play a Major Role in the Rapid Progress of Navi Mumbai SATURDAY, JUNE 27, 2015 3 gion. Going forward, Dronagiri Mazgaon, Mumbai. The Maha- will benefit from various new in- rashtra government has plans to Editor: Viren Naidu ([email protected]) frastructure projects such as the launch an inland passenger wa- Team Focus Navi Mumbai: Mumbai Trans Harbour Line. This ter transport on the eastern coast Kamini Kulshreshtha, Noopur Modi means that long-term real estate of Mumbai with services between Marketing Coordinator: investments into this location, Gateway of India and Mandwa, Kartik Balakrishnan (9769922280) are bound to pay off," says and Ferry Wharf and Uran by ear- Chief of Design Head: Ramesh Nair, COO - business and ly 2017. Madan Patil, PICS: SHASHIKANT PATIL international director, JLL India. The ministry of shipping also Creative Team: Owing to its connectivity to south plans to operate two waterbuses, Avinash Virshid, Chetan Narkar, Mumbai via the Trans Harbour or amphibian buses, between Vikas Bobhate Link, going forward, Dronagiri is a Mumbai and Jawaharlal Nehru (RESP-ART: MUMBAI) good residential destination for Port Trust (JNPT). people working in Sewri or south Mumbai. According to industry experts, the location is priced between Rs 3500 to Rs 4800 currently. "The low price works in its advantage as anything that starts small has more room for growth," says Sabhlok. The demand for afford- able housing has made Dronagiri the most promising residential destination for people to invest in. With all these ongoing proj- ects moving towards their com- pletion, property prices are bound to shoot up in coming three to four years and are ex- pected to reach a level of Rs 7000 - 8000 per sq ft. The development of Dronagiri is going in the right direction. "Infrastructure development is the key to any urban develop- ment and I am sure the various projects initiated by CIDCO will DRONAGIRI: go a long way and play a major role in the rapid progress of Navi Mumbai. Apart from the airport, we will soon witness the execu- tion of Mumbai Trans-Harbour A PROMISING NODE Link that will connect Uran with Sewree. Uran also has Navi Mum- bai's only beach that can be de- Experts say that the development of Dronagiri is headed in the veloped as a great picnic spot," says Rajesh Prajapati, MD of Pra- right direction, thus fuelling demand for realty activity japati Developers. Additionally, Dronagiri has the advantage of the sea route to Anuradha Ramamirtham this area has generated huge in- FAST FACT Mumbai from Uran, which can be [email protected] terest in the industry, investors developed as a picnic spot for THIS AREA IS ALSO CLOSER TO and home-buyers and because of OTHER NODES OF NAVI Mumbaikars as it is just 40 min- ith property prices on the large scale infrastructural de- MUMBAI INCLUDING URAN, utes away from Ferry Wharf, WHICH IS THREE KMS the rise in Navi Mumbai, velopment planned in this place, AWAY AND VASHI, WHICH IS WDronagiri is an emerging there will be huge employment 22 KMS AWAY. node of Navi Mumbai and a opportunities that will result in promising residential area. Locat- growing housing demand. "An ed on the south of Jawaharlal increase in business and a part of Nehru Port Trust (JNPT), this loca- it declared as an SEZ, the demand tion is one of the primary nodes for residential and commercial for port-related real estate activi- properties has increased in Dron- ty. Dronagiri is a large industrial agiri, as this will become the de- QUICK BYTE zone and this area also has a ma- sired residential hub for employ- jor SEZ in the pipeline, which is ees of the companies and MNCs Infrastructure going to fuel fresh demand for present here," says Karan development is the key to any urban real estate development across Sabhlok, director, Kamdhenu Re- development and segments. Prime minister Naren- alities. This area is also closer to the various dra Modi had laid the foundation other nodes of Navi Mumbai in- projects initiated by stone of the Rs 4000 crore port cluding Uran, which is three kms CIDCO will go a based multi-product SEZ and the away and Vashi, which is 22 kms long way and play Rs 1,900-crore Port Connectivity away. "Residential real estate de- a major role in the Highway Project at the JNPT. Ad- velopment is currently focused rapid progress of ditionally, with the New Interna- mostly on the demand for budg- Navi Mumbai. tional Airport and the Mumbai et housing by the industrial Trans Harbour Link's presence, workforce employed in this re-.
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