Homes in Rs 30 40 lakh budget in Navi Mumbai
Sep 02, 2013
Source : The Times of India


MUMBAI: Exorbitant real esate prices in Mumbai, have pushed residential demand towards Navi Mumbai. Today, the urban sprawl into the sub-city, has crossed all limits and has resulted in realty prices shooting up in Navi Mumbai too. However, despite the growing demand and consequent rise in capital values, one can still find a home for oneself in Navi Mumbai, within the affordable range of Rs 30-40 lakhs.

Interestingly, this was the most supplied budget category in Navi Mumbai, as per data with If you are confused about which localities to target in Navi Mumbai and if Rs 40 lakhs is the maximum you can spend for a home near Mumbai, read on.

Kharghar, Kamothe and Ulwe, top the list of localities with a healthy supply of housing units in this budget range. Another trend noted was that 1-BHK units were the most supplied category in all these localities, within this budget. Further, as per the active listings on, nearly 30 per cent of the total supply in this budget range, was found in Kharghar. The locality is considered to be the Central Business District (CBD) of Navi Mumbai. Thus, it is ideal for those seeking a home in proximity to commercial setups. However, one has to compromise on the size of the housing unit. Within a budget of Rs 30-40 lakhs, nearly 100 per cent of the total supply was for 1-BHK units. Thus, while for single professionals it might prove to be an ideal residential location, families might have to move a little further.

Some of the developers in Kharghar offering housing within the said range, include Aristo Real Estate, Dev Enterprises, Shree Krishna Enterprises and Jai Builders and Developers. Located along the Mumbai-Pune Expressway, Kamothe is another locality one can opt for, in order to find a home within Rs 40 lakhs. It recorded the second highest supply of homes in this budget, with approximately 23 per cent availability. It enjoys proximity to CBD Belapur and is surrounded by Kharghar in the north, Taloja in the north-east, Kalamboli in the east and Panvel in the south.

Again, only 1-BHK units are available here within this budget range. Nearly half of this supply is less than five years old. One can find both, cooperative societies and freehold properties in Kamothe, in the Rs 30-40 lakhs budget range. Ulwe is probably one of the fastest growing suburbs of Navi Mumbai today. The locality also offers a healthy supply of units priced between Rs 30-40 lakhs. Ulwe offers both, 1 and 2-BHK units in this budget range, even though 1-BHKs are the most supplied. As it is a developing locality, it is difficult to find resale properties. Thus, if you are looking for a new or under construction property with upto Rs 40 lakhs in hand, Ulwe is the place for you. Some of the developers offering housing units in the Rs 30-40 lakhs bracket in Ulwe include Dreams Developers, Aristo Real Estate, Sunny Builders and Developers, Ganesha Constructions, Imperial Enterprises and Serene Lifespaces.


Latest Realty News

Realty players use social media to tap Net-savvy NRIs
Sep 02, 2013
DELHI: The depreciating rupee has turned out to be a blessing in disguise for big-ticket properties across India. With properties almost 30 per cent cheaper for non resident Indians (NRIs), real estate majors have stepped up their efforts, hitch hiking on social media and marketing premium deals to net-savvy NRI customers.
Cost-push Land Bill will push back growth: CREDAI chief
Sep 02, 2013
MUMBAI: Apprehending that the home and project prices will skyrocket with the implementation of the Land Acquisition Bill, developers’ apex body CREDAI national Chairman Lalit Kumar Jain said it could at best be a “feel good “rather than a development booster.
With no takers for N Point building, AI plans to sell city flats
Sep 01, 2013
MUMBAI: Having failed in its plans to rent out the iconic 23-storey building in the megapolis which till recently was its headquarters, state-run Air India has now put some of its residential properties under the hammer.
HDIL to challenge Bombay High Court order against 'Mumbai International Airport' plea
Aug 31, 2013
MUMBAI: Real estate developer Housing Development & Infrastructure (HDIL) plans to challenge the Bombay High Court order dismissing its plea against Mumbai International Airport (MIAL) for terminating a contract for a 276-acre slum rehabilitation project.
‘Real Estate Regulation and Development Bill 2013 a positive step’
Aug 30, 2013
MUMBAI: The National Real Estate Developers’ Council (NAREDCO) wants rules and regulations governing real estate sector to be rationalised. It said large portion of the inconsistencies emerge from archaic laws, guidelines that conflict with the development agenda of the economy, disparity in incentives given to larger projects as against the same given to smaller projects. Also, the current FDI norms also make it difficult for smaller developers to access capital easily.
An integrated township encompasses all aspects of modern day living within a secure gated community
Aug 30, 2013
PUNE: A homebuyer in an integrated township can be assured of a vastly improved quality of life. Away from the chaos of city life, integrated townships promote holistic living and appeal to every age group – the young, the middle-aged and the elderly. More and more homebuyers are opting for township projects today because of the numerous benefits they offer.
Pune’s Magarpatta belt offers quality and affordable housing
Aug 29, 2013
PUNE: Situated on the eastern side of Pune, Magarpatta is close to the Kharadi EON IT Park, Kalyani Nagar, Koregaon Park, Fatima Nagar and the Hadapsar Industrial Estate. Crossing the north main road towards Koregaon Park Annexe and approaching Mundhwa Road, the new DP Road will connect Koregaon Park to Magarpatta.
KUL to launch a high-end luxury project in Worli
Aug 28, 2013
MUMBAI: In a first in India’s real estate industry, Mumbai-Pune developer, Kumar Urban Development Ltd (KUL) has announced the launch of their high-end, luxury residential project based on anthropological engineering.
Office realty rates in Indian cities to benefit International companies
Aug 28, 2013
MUMBAI: Jones Lang LaSalle’s Asia Pacific Office Index Q2 2013 reveals that Mumbai and Delhi NCR’s most active secondary business districts (SBDs) stand at 6th and 13th rank respectively among business districts of top cities in Asia Pacific Region. The secondary business districts (SBDs) of Bangalore and Chennai barely make it into the top 30 districts, occupying 26th and 27th place respectively.
Highrises in Mumbai need Met nod
Aug 27, 2013
MUMBAI: Developers building skyscrapers over 70 metres high (20 floors) in the island city now face another hurdle to get their plans approved. In perhaps a first in the city, the regional meteorological centre has lopped off the height of two proposed towers by half because they could have interfered with the new Doppler weather radar installed on top of the 18-storey Archana building in Navy Nagar three years ago.

Latest Realty News Of State

Realty Talk's