Planned to Prosper
One of the largest planned townships, Navi Mumbai is quiet and spacious
When Ramesh Rao, an advertising professional, moved into a bungalow at Artists' Village in CBD Belapur in Navi Mumbai way back in 1998, he knew he had made the right choice. Not only did his home accord him a panoramic view of the mountains, the streets were cleaner with designated areas for shops, and the traffic much more organised. He has a commute of close to two hours to his office in Andheri, but he does not complain. "I am happy with the peaceful environment that Belapur offers. Moreover, neighbouring Kharghar has several colleges for my children to choose from when they pass out of school."
The development planning of Navi Mumbai began in 1971 with the aim of decongesting Mumbai. For the middle class that could not afford houses within Mumbai, it came as a blessing. Property consultant Jones Lang LaSalle says with the fast-growing infrastructure, the city would emerge as a preferred commercial destination in future. Navi Mumbai's proximity to Mumbai and Pune attracted several banks and financial firms. Reliance Communications has Dhirubhai Ambani Knowledge City in Kopar Khairne, while Reliance Industries as its Corporate Park in Ghansoli and its life sciences arm, Reliance Life Sciences, at Rabale. Navi Mumbai has Grade A properties such as Kesar Solitaire, Mindspace, Cyber One, Reliable Tech Park and Gigaplex.
The area has something to offer to buyers from all income classes. The middle and upper-middle classes prefer Vashi, Belapur, Nerul, Kharghar and Panvel locations, while lower classes opt for emerging locations such as Turbhe, Ulwe and Kamothe. Homes can be bought at Rs.5,256 per sq ft in Kalamboli to Rs.11,900 per sq ft in Vashi.Major high-rise developments include Akshar Valencia, Kesar Gardens and Bhoomiraj Hermitage.
The much-anticipated new airport is expected to come up by 2017, now that the Maharashtra government has agreed to a large rehabilitation package for the displaced. Several other infrastructure projects are underway, such as the Nerul-Uran rail line.
The extension of the harbour railway line to CBD Belapur, and later to Khandeshwar and finally to Panvel, saw a further influx of property buyers. With that came a steady increase in services such as retail, banking, healthcare and hospitality. The city has many shopping plazas and malls such as Inorbit, Raghuleela, Centre One and Little World.
For all the space and calm that Navi Mumbai offers, it is still a good one-and-a-half hour's drive from the commercial centres in Mumbai-the Bandra Kurla Complex, Central Mumbai and Nariman Point.
Source : M.G. Arun; http://indiatoday.intoday.in/story
The development planning of Navi Mumbai began in 1971 with the aim of decongesting Mumbai. For the middle class that could not afford houses within Mumbai, it came as a blessing. Property consultant Jones Lang LaSalle says with the fast-growing infrastructure, the city would emerge as a preferred commercial destination in future. Navi Mumbai's proximity to Mumbai and Pune attracted several banks and financial firms. Reliance Communications has Dhirubhai Ambani Knowledge City in Kopar Khairne, while Reliance Industries as its Corporate Park in Ghansoli and its life sciences arm, Reliance Life Sciences, at Rabale. Navi Mumbai has Grade A properties such as Kesar Solitaire, Mindspace, Cyber One, Reliable Tech Park and Gigaplex.
The much-anticipated new airport is expected to come up by 2017, now that the Maharashtra government has agreed to a large rehabilitation package for the displaced. Several other infrastructure projects are underway, such as the Nerul-Uran rail line.
The extension of the harbour railway line to CBD Belapur, and later to Khandeshwar and finally to Panvel, saw a further influx of property buyers. With that came a steady increase in services such as retail, banking, healthcare and hospitality. The city has many shopping plazas and malls such as Inorbit, Raghuleela, Centre One and Little World.
For all the space and calm that Navi Mumbai offers, it is still a good one-and-a-half hour's drive from the commercial centres in Mumbai-the Bandra Kurla Complex, Central Mumbai and Nariman Point.
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