What is attracting investors to Kharghar real estate market? |
Posted: July 27, 2016 |
Kharghar, one of the planned nodes of Navi Mumbai has grown into an active residential and commercial market. The residential market in the area has a number of options for homebuyers. The micro market enjoys good connectivity via road and rail. The area is well served by the Harbour Line of Mumbai Suburban Railway Network. Sion Panvel Highway gives the best connectivity to Mumbai and the other areas of Navi Mumbai. The metro rail project, which is under construction will provide the best connectivity to the locality on completion. The real estate market of the area has grown in all angles and the locality is witnessing property price appreciation. Over the past five years, the property prices in the area have increased by 56.7%. The locality has a number of projects. 2 BHK apartments in Kharghar are available in plenty. Most of the new residential properties in Kharghar are scheduled for possession by 2016 and few by 2018. Most of the apartments available in the micro market lie in varied unit sizes of 1 BHK, 2 BHK and 3 BHK. If you are looking for 2 BHK apartments in Kharghar, then this is the right time to invest. A recent survey shows most of the new projects in the micro market offers 2 BHK units. Many projects which are in various stages of construction are scheduled to be completed by 2016 and 2018. The properties in Kharghar equally attract the investors and the end users. The micro market is surrounded with greeneries and is developed with good infrastructure facilities. This has triggered the growth of the residential market. The area enjoys a good connectivity and the locality is one of the highest selling areas. The proposed Navi Mumbai International Airport is showing signs of development and this project on completion will make a strong positive impact on the real estate growth of the locality. City and Industrial Development Corporation (Cidco) has planned to build three bus terminals and a depot in Kharghar. The three terminals are planned at the Spaghetti housing complex, Sector 22 and this will be close to Tata Memorial Hospital and the third one at sector 25 near Central Park. The micro market also enjoys a good social infrastructure. The locality has entertainment options, shopping options, good health care facilities and eat outs. The micro market is attractive and is one of the favorite destinations for the second home buyers. The micro market is seeing fast paced developments and so the locality is considered as one of the best localities to consider for investment. The micro market is also considered as one of the best options for the rental market. The rental market is performing well and so investing in the locality is expected to give a good rate of return. Cidco has planned to make Kharghar, the better version of Bandra-Kurla Complex. A corporate hub is planned on 125 hectares of land. 50 % of the total area planned will have high rises with 3 FSI for the pyramid-shaped structure. Commercial and retail developments have been planned to give a rich nightlife for the corporates. These projects on implementation will make a strong positive impact on the property values of the market. These reasons make the locality an ideal investment destination.
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