Best Reasons To Buy Home In Navi Mumbai Is Good Investment
Buying a home in Navi Mumbai is potentially one of the great investment options. Considering the ideal living conditions, rapid infrastructure growth, and relatively affordable rates, it is the perfect time to invest in residential properties in Navi Mumbai.
Being an emerging real estate location, buying a home in Navi Mumbai is a viable investment option. It is because emerging localities have the full potential to give you higher returns. On the other hand, the property price in the already developed localities can peak out and remain stable.
For example - New Panvel, one of the main residential localities in Navi Mumbai has witnessed a 6-7% increase in property annually over the last five years. Kharghar, Taloja, Ghansoli, Kamothe are some of the other localities that have witnessed the upward trends for properties in Navi Mumbai.
So, these multiple factors collectively make Navi Mumbai a perfect option for real estate investment. In this article you will get the top 10 reasons why buying a home in Navi Mumbai is a good investment option.
Quality of Life
From the quality of life perspective, buying a home in Navi Mumbai gives you two main benefits. First, you get accessibility to the large green open areas that are perfect settings for residential properties.
Positive Property Price Appreciation:
The increase in the property price over a period of time is called property price appreciation. It is one of the most important parameters that decide the return on investment on the properties.
For better investment outcomes, the emerging localities are better options as compared to the already developed ones. Navi Mumbai is an emerging city with huge scope for development.
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| Bridge Connecting South Mumbai & Navi Mumbai (Google Source) |
Upcoming Infrastructure Projects:
Infrastructure projects have a direct impact on property prices. Therefore, it is necessary to consider the upcoming infrastructure before investing in a residential property.
Currently, Navi Mumbai has many key infrastructure projects that will redefine the growth of the region. These projects will improve the connectivity and access to employment hubs and the social infrastructure of Navi Mumbai city.
Positive Rental Landscape
Buying a flat in Navi Mumbai also gives you the option to get continuous income through renting out the property. The current renting landscape of Navi Mumbai is strong. There is already a demand for rental properties in the key areas such as Panvel, Kharghar, Nerul, Kopar Khairane, etc.
With the creation of employment hubs, the demand for residential properties will increase exponentially. The Navi Mumbai International Airport will be an important factor for boosting the rental landscape of Navi Mumbai Real Estate.
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| Navi Mumbai International Airport (Google Source) |
Affordability:
Affordability is the main factor for buying a property in Navi Mumbai. In comparison to Mumbai, Thane, and Pune, Navi Mumbai offers quality real estate projects at much lower rates. This combination of affordability and the high quality of life makes Navi Mumbai an ideal place for buying residential properties.
Buying properties in 2021-2022 in Navi Mumbai will also give you the benefit of the current market affordability factors such as-
Lower Interest Rate on Home Loans. Banks are offering interest rates below 7% which is the lowest in the last fifteen years.
Under section 80C you can get the tax concession upto Rs. 1.5 Lakh on the principal Home Loan amount.
Flexible Payment plans are offered by the developers.
Some developers are ready to pay stamp duty and registration charges reducing the burden on the buyer.
Direct cash discount of 5-10% offered by some developers.
Lower booking charges and No EMI till possession offers.
Continuously Growing Demand:
High demand for residential properties increases property prices. And therefore the demand is important for getting higher returns from the properties
The demand for residential properties has been continuously growing in Navi Mumbai. The primary reason for this is the commercial development of the locality and the upcoming infrastructure projects. The creation of the new employment hubs the demand for residential properties in Navi Mumbai.
Commercial Development:
The commercial development of Navi Mumbai has contributed greatly to the demand for residential properties. Vashi, Nerul, CBD Belapur, Ghansoli, Airoli, Taloja are some of the important employment hubs in Navi Mumbai. The strong connectivity of Navi Mumbai gives easy access to these employment centers.
Social Infrastructure:
Navi Mumbai offers quality social infrastructure. The healthcare facilities, educational institutes, and retail shops are easily accessible and provide quality services. Here are some of the leading hospitals, educational institutes, and retail shops in Navi Mumbai.
Leading Hospitals In Navi Mumbai
Leading Schools and Colleges in Navi Mumbai
Leading Retail and Entertainment Zones in Navi Mumbai
Quality Residential Projects:
The township models and the lifestyle-oriented real estate projects in Navi Mumbai have provided multiple options to home buyers.
Here are the key qualities of the real estate projects in Navi Mumbai
Provides modern-day amenities and facilities to the home buyers.
The Township models of real estate provide social infrastructure and all the end-to-end services.
Offer open green spaces and a serene neighborhood.
Gives the affordability as compared to Mumbai, Pune, and Thane city.
Complete scope for property price appreciation.
Source Link: Best Reason To Invest In Navi Mumbai
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