Navi Mumbai to become India's premium locality
ECONOMY & POLICY

Navi Mumbai to become India's premium locality

In Navi Mumbai, areas like Palm Beach Road, Ulwe, Kalamboli, Kharghar and Panvel are emerging as the most promising property investment destination. Ulwe has emerged as the hottest destination for real estate investment in India. Over the next five years, the housing prices in Ulwe are likely to increase by 145 per cent, according to the Knight Frank's investment advisory report 2012.

Navi Mumbai when developed in the year 1972 was never thought to become one of the most sought after areas. Properties are like hot cakes in Navi Mumbai where investors and buyers wait to get a piece of it and the demand for property pushing the prices to go up.

Also, the prices have gone ten-times higher than when this planned Satellite Township was developed in Mumbai. Navi Mumbai is witnessing strong demand for properties because of good infrastructure. With multiple developments in both physical and social infrastructure, Navi Mumbai is turning into an independent township which is no longer confined for mid-income families.

In Navi Mumbai, areas like Palm Beach Road, Ulwe, Kalamboli, Kharghar and Panvel are emerging as the most promising property investment destination. Ulwe has emerged as the hottest destination for real estate investment in India. Over the next five years, the housing prices in Ulwe are likely to increase by 145 per cent, according to the Knight Frank's investment advisory report 2012. Navi Mumbai when developed in the year 1972 was never thought to become one of the most sought after areas. Properties are like hot cakes in Navi Mumbai where investors and buyers wait to get a piece of it and the demand for property pushing the prices to go up. Also, the prices have gone ten-times higher than when this planned Satellite Township was developed in Mumbai. Navi Mumbai is witnessing strong demand for properties because of good infrastructure. With multiple developments in both physical and social infrastructure, Navi Mumbai is turning into an independent township which is no longer confined for mid-income families.

Next Story
Resources

KEC International bags Rs 10.34 billion in new orders

"KEC International Ltd, a global infrastructure EPC major and part of the RPG Group, has secured new orders worth Rs 10.34 billion across its Transmission & Distribution (T&D), Civil, and Cables businesses. In the T&D segment, the company has received its first-ever STATCOM project from a global OEM in India, along with orders for the supply of towers, hardware, and poles in the Americas. The civil business has marked a key milestone by entering the semiconductor space, bagging a contract to establish a semiconductor plant for a major private player. It has also won a repeat order ..

Next Story
Products

Viva launches 3D louvres for next-gen façade design

Viva, Asia’s largest manufacturer of aluminium composite panels (ACP), has introduced its advanced 3D louvres, offering a blend of architectural innovation and practical performance. Designed to enhance the aesthetics and efficiency of building facades, these louvres aim to set a new benchmark for the industry.The newly launched 3D louvres are engineered to add visual depth and dynamic appeal to both residential and commercial structures. Combining durability, ease of installation, and low maintenance, the product is tailored for contemporary design needs.“The 3D louvre range is a natural ..

Next Story
Infrastructure Urban

JustDeliveries raises Rs 5.5 crore to expand intracity cold chain network

JustDeliveries, a cold chain logistics startup focused on mid-mile solutions for India’s food and beverage sector, has raised Rs 5.5 crore in a funding round co-led by VC Grid and NABVentures. Other participants included LetsVenture, Anay Ventures, and FAAD Network.This fresh round brings the total capital raised by the startup to US$ 2 million (approximately Rs 15.9 crore). The funds will be used to strengthen its technology platform and expand operations to three more cities, including Lucknow and Chennai. JustDeliveries currently operates in Bangalore, Delhi, Hyderabad, Mumbai, and Pune.F..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?