List of Localities in navi mumbai

• Navi Mumbai lies on the west coast of Maharashtra. It is situated in the eastern trans-harbour of Mumbai. The city was developed as a new urban township and satellite city of Mumbai in 1972. It is also the largest planned city in the world. The main purpose for building the city was to decongest the city of Mumbai.
• Navi Mumbai covers 150 km of the total 720 km of the Konkan coast. There are totally 86 villages covering 39,400 acres within Navi Mumbai limits.
• CIDCO had created 14 nodes/townships in Navi Mumbai. They are Vashi, Sanpada, Airoli, Ghansoli, Nerul, Kopar Khairane, CBD Belapur, New Panvel, Kamothe, Ulwe, Kalamboli, Dronagiri, Kharghar and Taloja. Each node is further divided into sectors.
• CIDCO planned and constructed the railway stations in the city and developed the nearby areas. The Vashi bridge was opened in 1973 for the residents of Vashi, Nerul and CBD Belapur. The Sion-Panvel Expressway was built to reduce commuting time from Sion to Panvel.
• The commissioning of a wholesale agricultural produce market in Vashi and building of a commuter railway line between Mankhurd and Vashi in 1992led to a very high population and economic growth.
• Navi Mumbai has a vibrant industrial activity in the regions of Mahape and Taloja. The last decade has seen a steady growth of IT/ITeS sectors as well. The satellite city has seen a high growth of residential development in the last 5 years.

Demographics:

• According to census data, the city has seen a huge migration of population from the Island city of Mumbai (54.6%) . It also attracts population from other suburbs of Mumbai and Maharashtra (28.9%). There is a small population from outside Maharashtra that has settled here (0.7%).
• According to 2011 consensus, the population in Navi Mumbai is 1,119,477 and its urban population is 18,414,288. The sex ratio in the city is 1000:831. The average literacy rate of the city is 91.57% out of which, 95.05% are males and 87.33% are females.

Employment Opportunities

• Navi Mumbai has a buzzing manufacturing activity in the state owned industrial estates. The Maharashtra Industrial Development Corporation (MIDC) areas in Taloja and Mahape have several SMEs. Taloja has several companies such as Asian Paints, Exide Batteries and Asahi Glass.
• There are several IT/ITeS companies and software parks making their way into the satellite city such as Reliance group, Patni Computer Systems, TCS and Mastek. The next decade is expected to see a market domination by the IT/ITeS sector.
• Most of the employment opportunities in the city is on the stretch of the Thane-Belapur road. The areas of Airoli, Mahape, Rabale, Turbhe, Vashi, Jui nagar and Belapur are locations that have ample office spaces and have good employment opportunities.

Connectivity

• The Mumbai suburban railway is the most prominent mode of public transport in Navi Mumbai. This connects most regions of Navi Mumbai to the main city of Mumbai and Thane. The most important railway stations are Vashi, Belapur, Panvel and Nerul. Panvel is the only mainline station as well as the busiest railway station in Navi Mumbai. A new broad gauge line has been made functional between Panvel and Karjat. There are currently three express trains that use this line.
• The Navi Mumbai Municipal Transport (NMMT) and Brihanmumbai Electric Supply and Transport (BEST) provide bus services throughout Navi Mumbai, Mumbai and other areas of Mumbai Metropolitan Region (MMR). There are regular BEST AC Kinglong and NMMT AC Volvo buses running between Mumbai and Navi Mumbai.
• Navi Mumbai has the most advanced port in India: Jawaharlal Nehru Port Trust (JNPT) in Nhava Sheva near Uran industrial area. It is well connected to roads and handle about 65% of the country's container traffic.
• The Navi Mumbai International Airport is proposed in Kopra-Panvel area. This is expected to decongest the air traffic in Mumbai. The airport will be built through Public Private Partnership (PPP). The airport is expected to be completed in 2017.

Navi Mumbai civic administration

• The Navi Mumbai Municipal Corporation (NMMC) was formed in 1991 to maintain some of the developed nodes. Local self-government in Navi Mumbai started on January 1 1992. Under this, NMMC was handed nine of the total 25 nodes of Navi Mumbai project area. These nodes are Vashi, Nerul, CBD Belapur, Kopar Khairane, Turbhe, Airoli, Ghansoli, Sanpada and Digha. The municipal commissioner and a mayor head NMMC.
• The City and Industrial Development Corporation (CIDCO) was created on 17 March 1971 for developing and maintaining the city. When Navi Mumbai was created, CIDCO was the only authority that maintained and developed the city.
• There are 64 electoral wards in Navi Mumbai. Each has an elected corporator.

Infrastructure projects:

Residential real estate market in Navi Mumbai

• Navi Mumbai is primarily an industry and investor driven market. Due to rapid growth of industrial activity post 1990, it has also emerged as a favorite location for end buyers.
• Since 2007, 87,055 houses have been launched here. Out of them, about 65,400 units have been absorbed. The year 2010 saw the highest number of launches (approx. 28,240). However, soaring property prices put a dent on affordability post 2010. This increased the unsold inventory by 25% during the third quarter of 2012. Taking notice of this, developers have brought down the number of launches since then.
• Navi Mumbai witnessed few new project launches in September 2013. Developers have held back on new launches primarily due to cautious market sentiments owing to rising inflation and economic situation. Some of the localities that have witnessed this slowdown include Ulwe, Panvel, Kamothe, Kharghar, Dronagiri and Khandeshwar.

Key localities in Navi Mumbai

Charges by Government Bodies

• Property Registration
  • Stamp Duty: 5 percent (ready reckoner)
  • Registration Charge: For property costing more than Rs 30,000, it will be 1 percent of market value or agreement value
  • Local Body Tax: 1 per cent, same as registration charge
  • VAT: 1 percent of total property cost
  • Service Tax: 3.7 per cent (if house is worth more than Rs. 1 crore or area is over 2,000 sq.ft). Else, 3.09 per cent

• Maharashtra State Electricity Distribution Company Limited (MAHADISCOM)
  • The Maharashtra State Electricity Board is the regulation body. It was restructured into four companies. MAHADISCOM is the company responsible for distribution of electricity throughout the state except Mumbai Island city. Navi Mumbai receives power from MAHADISCOM.

• Navi Mumbai electricity rate urban areas:
  • Rs 0.40 per unit up to 30 units
  • Rs. 1.90 per unit for 30 to 100 Units
  • Rs 6.05 per unit for 100 to 300 Units
  • Rs 7.92 per unit for 301 to 500 Units
  • Rs 8.78 per unit for 501 units and above

• Navi Mumbai water supply
  • Water is supplied to Navi Mumbai by the Navi Mumbai Municipal Corporation (NMMC) through the Morbe dam. It has the capacity to provide 450 MLD (million litres per day) of water. The Hetawane Water Supply Project owned by the irrigation department can provide 350 MLD of water. Out of that, 150 MLD is being utilized by CIDCO. The upcoming Balganga Dam Project will provide 350 MLD of water. Water is also being supplied by MIDC (75 MLD) and MJP (65 MLD).
  • CIDCO has provided 1-2 sewerage treatment plants (STP) in each node.

• Navi Mumbai Property Tax:
  • The Navi Mumbai Municipal Corporation (NMMC) is responsible for assessment of properties for property tax & collection of property tax in Navi Mumbai. Property tax is collected as per provisions of section 127 and 129 of BPMC Act, 1949. Property tax is calculated by multiplying the property tax rate with the capital value of the property. The property tax rates are as follows.
  • Residences (with metered water connection): 0.41% of capital value
  • Offices: 1.95% of capital value
  • Banks: 3.91% of capital value
  • Illegal buildings (without OC or water connection): 8.44% of capital value