Navi Mumbai has consistently been among the fastest-growing and most sought after areas when it comes to real estate. Its mix of affordability and accessibility to the city, with plans for the Navi Mumbai Metro and international airport project underway has placed it on the map as a lucrative real estate investment option.
Comprising popular localities such as Panvel, Kharghar, Vashi, Airoli, Kamothe, Nerul, Taloja, Ulwe, Seawoods and Belapur, Navi Mumbai’s neighbourhoods have long been zeroed in on for holiday homes and out-of-city excursions. In recent years, these localities have developed into full-functioning communities with all the conveniences and trimmings of modern city life.
Redential, commercial and infrastructure-related progress has been made in leaps and bounds in Navi Mumbai. Today, there are abundant employment and education opportunities, good healthcare facilities and great leisure options such as movie theatres, malls, restaurants, parks, cafes and gyms.
If you are thinking of buying or renting property in Navi Mumbai, these are some of the best and most posh areas to live in.
1. Panvel
A popular location for those looking to live in Navi Mumbai, Panvel is a great choice to live in. It consists of many neighbourhoods, including Panvel East, Panvel West, New Panvel, Khanda Colony, Karanjade, Adai and Chipale, as well as the land that lies alongside the Mumbai-Pune Expressway.
It is considered a good investment to buy property here as the proximity to the soon-to-be-opened Navi Mumbai International Airport is close. Property prices in Panvel range from around Rs. 5,100 to Rs. 8,300 per square foot. From Panvel, it is relatively easy to commute to Mumbai so if you need to travel for work, living here makes it accessible as well as more affordable than living in the main city.
Inside Panvel, there are plenty of shopping and entertainment options with Big Bazaar, Orion Mall and Seawoods Grand Central Mall close by. Schools and colleges are also present here, making it a good choice for families with school-going children. Some educational institutes include Pillai College Of Engineering, St. Joseph’S High School, Dav Public School, Pillai s Institute of Management and Barns High School.
2. Kharghar
Kharhar is an up and coming locality in Navi Mumbai that is becoming known as a great investment for real estate. This area is filled with greenery as well as being a well-planned neighbourhood with good infrastructure. It is situated along the Mumbai-Pune Highway and buyers can choose from many reputed real estate projects, with modern amenities.
Kharghar has many good schools such as DAV International School, Ryan International School, Convent of Jesus & Mary High School & Junior College, National Institute of Fashion Technology (NIFT) and Institute for Technology & Management.
There are shopping and entertainment centres like Little World Mall, Glomax Mall, and Seawoods Grand Central Mall all close by. Many important employment hubs are also near this area, with major ones in CBD Belapur, Taloja Industrial Estate, Vashi, Kopar Khairane, Mahape, Ghansoli and Airoli.
3. Vashi
Vashi is one of the most sought-after residential areas to reside in Navi Mumbai. This area is well-planned with superb connectivity to the Mumbai-Pune Highway. Other road and rail connectivity is very good too, with easy access to Palm Beach Road, Vashi Flyover and Thane-Belapur Road, as well as Vashi Railway Station, which is on the Harbour Line.
Access to popular localities such as Kopar Khairane, Ghansoli, Airoli, Nerul and CBD Belapur is easy as well.
Vashi has a perfect mix of residential properties and commercial establishments so there is plenty to do and see for those who live here. Residential property costs between Rs. 11,900 and Rs. 20,500 per square foot.
Vashi is well-developed with many schools, colleges and hospitals to suit the needs of families. There are plenty of good stores, malls and restaurants here. Inorbit Mall, Raghuleela Mall and Vashi APMC Wholesale Market are great places to shop at, and Ikea is nearby as well.
There are many employment hubs and hubs around the area, such as International Infotech Park, Haware Fantasia Business Park, Reliance Corporate Park, Electronic Zone, Millenium Business Park, TTC Industrial Area and Mindspace SEZ Airoli.
4. Airoli
If you plan to live in Airoli, you can choose from a variety of housing options that cater to all budgets. There are affordable flat options for those who do not want to spend a lot as well as premium apartments with world-class amenities. Price of property in Airoli ranges from Rs. 9,300 to Rs. 14,900 per square foot.
Commuting from Airoli to Thane and Mumbai is easy with the convenient Thane- Belapur road as well as the Mumbai Suburban Railway. The locality is also close to large employment parks such as Mindspace Technology Park, Airoli Knowledge Park, Reliable Tech Park and TTC Industrial Area.
The social infrastructure is solid with hospitals, schools and colleges all in and around the area.
Some popular schools and colleges include St. Xavier’s High School, New Horizon Public School, DAV Public School, Euro School, VIBGYOR High School and Datta Meghe College of Engineering.
5. Kamothe
Another posh residential area in Navi Mumbai that is a great choice to live in is Kamothe. It has good connectivity to the Mumbai-Pune highway and is in close proximity to the planned Navi Mumbai International Airport. There is also a metro station planned for this locality which will make commuting even easier in the future.
Here you can find a good range of accommodation types – from older co-operative housing societies to newer multistory apartments.Property prices here range from Rs. 6,600 to Rs. 9,800 per square foot.
There are many reputed educational institutes in and around Kamothe, namely the National Institute of Fashion Technology (NIFT), Institute for Technology & Management, DAV International School and Ryan International School. Jeevan Jyot Hospital and Matoshree Multi speciality Hospital tend to the healthcare needs of Kamothe residents and, for recreational and shopping purposes, there is Orion Mall and Mahalaxmi Mall no more than five kilometres away.
Employment hubs nearby include CBD Belapur and Taloja Industrial Estate – just a 20 minutes drive away, with Vishwaroop IT Park, Haware Fantasia Business Park, Millennium Business Park and International Infotech Park also within a half an hour driving distance via Mumbai Expressway.
6. Nerul
Nerul is a well-developed and sought after area in Navi Mumbai for both residential as well as commercial property. Property prices for residential needs range from about Rs. 10,100 to Rs. 17,600 per square foot.
Nerul is conveniently located along the Mumbai-Pune Highway, close to Sanpada, Juinagar, Kharghar, Seawoods and CBD Belapur. Here, you can find all kinds of accommodation types, including low, mid and high-rise flats and older co-operative housing societies (CHS). There are many reputed residential projects such as Wadhwa Palm Beach Residency and Vignahar Heights.
Schools and colleges in and near Nerul include Apeejay School, St. Xavier’s High School & Junior College, Ryan International School and Terna Engineering College. For healthcare needs, Apollo Hospitals, Neurogen Brain and Spine Institute and D Y Patil Hospital are all close by.
Seawoods Grand Central Mall, Inorbit Mall Vashi, Raghuleela Mall, Rock Garden, Wonders Park and Nerul Gymkhana Club are all around the area for recreational and shopping needs.
7. Taloja
Taloja is an upcoming suburb that is located in Navi Mumbai that is planned by the City and Industrial Corporate of Maharashtra (CIDCO). It is divided into two phases (I & II) and has affordable residential options mixed with industrial establishments. Residential property is priced at between Rs. 4,500 and Rs. 9,500 per square foot.
Taloja lies just off the old Mumbai Highway (NH4) and the central and western parts of Mumbai can be accessed via MIDC Road. Taloja Panchnand railway station makes travelling by train relatively easy.
There are a few schools and colleges here – namely, Kalsekar English Medium School, Al Safa English Medium School, Mindseed Preschool Balasaheb Thackeray Law College, YMT Ayurvedic College, and AC Patil College of Engineering. Hospitals include Rana NX Hospital, Apex Hospital and Jeevan Jyoti Hospital. Shopping areas include markets such as Jyoti complex and Sector 24 and Sector 11 markets.
8. Ulwe
Ulwe, like Taloja, is also an area that has been developed by CIDCO. This neighbourhood is a very affordable one in Navi Mumbai. Here you can find a mix of low, mid and high-rise apartments. You can buy residential property for about Rs. 5,900 to Rs. 9,400 per square foot in Ulwe.
Those living in Ulwe benefit from good connectivity to employment spots via NH-348A and Nerul-Uran Rail Line. Ulwe is close to CBD Belapur, Turbhe, Vashi, Kopar Khairane and Ghansoli. Raheja Arcade is 6 km away, International Infotech Park is 14 km away, Haware Fantasia Business Park is 13 km away and Electronic Zone Mahape and Millennium Business Park are just 17 km away.
Ulwe is not as developed as some parts of Navi Mumbai. However, more developed neighbourhoods are within quick reach, with Belapur, Seawoods, Nerul and Kharghar nearby.
9. Seawoods
This well-planned neighbourhood in Navi Mumbai is well known for being premium and is a great residential location to live in. Residential property costs between Rs. 9,800 and Rs. 18,900 per a square foot in the Seawoods area. Here you will find a mix of flats and apartments, independent houses and villas. Seawoods also has the NRI Complex (Seawoods Estate) with over 1,500 houses and premium facilities such as a shopping complex, swimming pool, sports courts and gardens. This is an upmarket residential township by CIDCO,
Seawoods is surrounded by well-known and developed localities such as Nerul to the North. There is Panvel Creek in the South, CBD Belapur to the East and Thane Creek to the West of it.
Here you have access to some good schools and colleges such as Podar International School, Delhi Public School, DAV Public School, Sterling Institute, Tilak College and Terna Engineering College. There are enough hospitals for healthcare services as well, including Seawoods Hospital, Apollo Hospitals and NeuroGen Brain and Spine Institute. Seawoods Grand Central Mall as well as other small-0 and medium-sized shopping and market areas are nearby.
10. Belapur
Belapur is a popular and posh residential area in Navi Mumbai that is also high on the list of potential buyers and renters because it houses BBD Belapur, Navi Mumbai’s popular business hub. In Belapur, you can find good 2BHK and 3 BHK apartments to fit various budgets. The price for residential property ranges from around Rs. 10,500 to Rs. 16,500 per square foot.
Commuting from Belapur is relatively simple with the CBD Belapur Railway Station on the Mumbai Suburban Railway Harbour Line available to residents. The Mumbai-Satara Highway runs through the locality, connecting it with Mumbai, Navi Mumbai and Pune.
Belapur houses a few good schools and colleges such as Pes Central School, Bharati Vidyapeeth English Medium School, Dp Vidya Niketan School, Bharati Vidyapeeth College Of Engineering and Ymt College Of Management.
For shopping and recreational purposes, residents can enjoy spending time at One Step Shopping, V Times Square and Ekta Vihar Shopping Centre.