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Navi Mumbai - A Haven for Affordable Properties

The actual estate prices in Mumbai as everyone knows moved way out of the common man's reach. Unless you really are a multi-billionaire like Mukesh Ambani or the King of Bollywood, Shahrukh Khan you can ignore owning an item of property in Mumbai. But all hope isn't lost for those who are on a budget. There are affordable residential projects that are cropping up in the localities of Navi Mumbai which can be the answer to your prayers. There is already a great deal of demand for residential properties in Navi Mumbai. There are numerous factors which can be driving people towards this area. Infrastructure is the important thing here. Shah Rukh Khan net worth Great connectivity to Mumbai and Pune by road and rail is already in place. There are numerous proposed infrastructure projects in the pipeline as well including a Metro, the Mumbai Trans Harbour Link and the Navi Mumbai International Airport. When the plans for the airport were announced there is a lot of enthusiasm shown by the realty sector. But the project didn't remove needlessly to say and this sent property prices spiralling downwards. With the Maharashtra government stepping in and clearing the hurdles blocking the project, it's been given another lease of life. Once most of the proposed projects near completion that property rates is only going to rise in areas that will benefit from them. Another reasons why Navi Mumbai has caught the fancy of those buying property is because of the presence of employment generators such as for instance SEZs and IT parks in the area. A reasonable majority of property seekers in Navi Mumbai fit in with the working class. Affordable properties in Navi Mumbai are priced between INR 4,000 to 6,500 psqft. Areas which are emerging as top choices in Navi Mumbai are Panvel, Ulwe, Kharghar, Karanjade & Taloje. Here one can find a condo for only 10.8 lakhs. A few of the affordable projects listed below are Sinic Ozone, Water Edge, Vaastusiddhi Alps and Golden Empress.