NAVI MUMBAI

Located in the Thane district, the New Bombay city or Navi Mumbai is a beautiful city founded in the year 1971. It was developed to take off the pressure from Mumbai city due to the rapid growth in population. The idea didn’t work well back then as the entire commercial part was at Mumbai and only a few residents moved to Mumbai Navi. Proper development of the city was a time-consuming matter as the government kept changing with the passage of time. Today Navi Mumbai is a well-developed city with all the required facilities being availed in here. There are many new projects in the city by some of the known developers such as Lodha, Raheja, Purvankara and Sobha as well as Godrej Properties. The projects here include residential as well as commercial projects including 1 BHK, 2 BHK and 3 BHK properties. There are also commercial projects that have showrooms, offices, and shops. The main reason behind Navi Mumbai being a greener city than Mumbai is the presence of IT and ITES in Mumbai city. The entire economic hub is situated in Mumbai, hence people dwelling in Navi Mumbai need to go to and fro for employment purposes. Navi Mumbai is well equipped with hospitals, restaurants, schools, entertainment and recreational establishments. This city is mostly a residential settlement filled with apartments, housing complex, independent houses and villas. Owning a property in Navi Mumbai is a dream comes true. It is a peaceful city unlike Mumbai and a real estate hub. Property prices are 12% to 15% less over here if compared to Mumbai city. The middle-class society has increased the demand for apartments in this area. Investors are keen to invest in new projects for housing purposes. Property developers are seeing this city as the stairway to increase their revenue turnover. Better road connectivity and transport services have made the process very easy for the real estate developers.