Kamothe

Located on the outskirts of Mumbai, Kamothe is one of the most important nodes of Navi Mumbai. Kamothe, also known as Mansarovar, is one of the fastest developing nodes in Navi Mumbai. It is the third node after Panvel and Khandeshwar, and lies in the Raigad district, falling under what is commonly referred to as the Konkan part of Maharashtra.

Kamothe lies on the Mumbai-Pune Expressway, and is less than an hour’s drive from the heart of Mumbai. It is maintained by the City and Industrial Corporation (CIDCO), and is divided into 48 sectors. These sectors are planned and well laid out, and they all have their own information map.

Connectivity and transit points

Since it is situated on the Mumbai-Pune Expressway, Kamothe is well connected to major parts of Mumbai. Taloja, Panvel, Khargar and Kalamboli are some of the key localities on the way.

The buses here are frequent and cover all the areas easily. They connect various nodes throughout Navi Mumbai, and make public transport hassle-free. Kamothe is also a pass-through point for buses from Panvel, heading to places such as Thane. Auto-rickshaws are also a common transport option for the people residing here. The Mansorvar and Khandeshwar railway stations are very close by, enabling casual commuters and employees of companies in surrounding areas reach their destinations easily.

Major landmarks

• Mansarovar Complex
• MIDCIndustrial Area
• Metro Hospital
• MGM Dental College And Hospital
• New English School
• Chinmayee Hospital

Factors for growth in the past

Kamothe has been undergoing development since 2000, and currently boasts a number of projects in the commercial and residential segments that are both ready and in progress. Having been built with a systematic and planned infrastructure, this is one of the few places that have a slum-free environment. The fact that it lies in close proximity to the Central Business District of Belapur raises its economy and real estate value largely.

Residential & Commercial Market

Residential market trends

Primarily a residential place, Kamothe features a landscape that is completely lined with tall apartment buildings. The residents being mostly employees of companies nearby prefer apartments to houses. About 99% of the residential buildings in this area are apartments, with the exception of a few houses and builder floors in Kamothe. The demand for residential space is high though.

The prices of apartments in Kamothe have been on a slow but steady rise since 2010. As of the third quarter of 2013, the prices of apartments ranged from Rs 5,445 per sq. ft to 6,848 per sq. ft. The rent averaged at around Rs 12 per sq. ft.

Commercial market trends

Being one of the most developed nodes in Navi Mumbai, Kamothe also has a good demand for commercial space. The average prices per sq. ft as of December 2013 for offices are Rs 6,641 per sq. ft, Rs 8,689 per sq. ft for shops and Rs 23,184 per sq. ft for commercial plots.

Major challenges

Since Kamothe is one of the most developed areas in Navi Mumbai, it has no major flaws. The infrastructure has been very well planned and the water and electricity supply meets the demands. The area is free of slums and other facilities like security and street lamps are well maintained.

Factors for growth in the future

The major factor that is bound to influence the growth of Kamothe in the future is the proposed International Airport. This will be located at a distance of only 3 km from Kamothe. The presence of this airport is bound to boost the commercial and residential growth in this region.

The proposed Navi Mumbai metro rail project, which will be operational in the later part of this decade, will also play a huge part. The first phase of this project will cover Sector-10 of Kamothe, easing the strain on commuters to a great extent.

The combination of the above factors, paired with excellent newly laid roads and planned infrastructure is bound to place Kamothe under the spotlight for potential investors.