Nerul
As per the data, Nerul, Airoli and Palm Beach, are localities that provides the real estate developers constant returns. These localities have witnessed an increase of 12 to 19 percent in the capital value in the last one year. The property experts mentioned that the approval of the Navi Mumbai Airport is the factor that [...] Continue Reading »
Just days before the Election Commission’s code of conduct come into effect, the state government has gone all out with the programme to attract votes. It plans to implement infrastructure projects that are bound to improve the transportation network in Mumbai. The various projects being floated include: Mumbai Metropolitan Region Development Authority’s (MMRDA) tenders for an elevated [...] Continue Reading »
Navi Mumbai: The Kharghar-Kalamboli-Kamothe corridor promises good returns in the time span of 3 – 5 years and is affordable compared to adjucent areas. Lower price range is one the reason for demand of residential units in this corridor. Few years back, real estate in these areas was driven by investors. Today with the growing [...] Continue Reading »
Navi Mumbai: Ulwe is an upcoming name in residential market of Navi Mumbai. The property prices in Ulwe have been increasing in a range of 23- 30% annually from last five years. According to real estate experts, Ulwe is going to be a major real estate destination and a successful planned city in another 5 [...] Continue Reading »
Many localities within Navi Mumbai have become major residential locations over the past few years. Localities such as Vashi, Belapr, Nerul, Khargar etc have all been besought for residential purposes by buyers. Ulwe is the one such locality to witness a surge in residential demand. Infrastructural developments, enhanced connectivity and affordable residential rates are the [...] Continue Reading »
The commercial real estate scenario at Navi Mumbai is robust. Companies have gravitated to Navi Mumbai owing to reasonably priced real estate and well laid out city. Most software companies in Maharashtra have their offices at Navi Mumbai. IT/ ITeS and IT SEZ companies such as Wipro, Capgemini, WNS, CTS, iGate (Patni), etc have their [...] Continue Reading »
The cost of plot and land is still high amidst little depreciation in property prices. Three plots in Mumbai were sold by bidding by the City and Industrial Development Corporation (Cidco). The plots were in Nerul, Navi Mumbai and were sold in crores. The plots were slowly released creating a suspense amongst developers which made [...] Continue Reading »
The anti- encroachment department of City and Industrial Development Corporation (CIDCO) undertook a demolition drive at Sector 28 of Nerul, and razed down illegal structures there. One G+4 under construction building that had encroached on the land reserved for a garden at sector 28 on the foothills of Balaji temple was demolished on July 26. [...] Continue Reading »
