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MegaProjects That Will Change The Face of Navi Mumbai

Navi Mumbai is rising as the most prominent destination for corporates and developers to build office and metropolitan parks after establishing commercial office markets in Mumbai, Pune.

Well-planned infrastructure, vicinity to more substantial cities such as Mumbai and Pune, budget-friendly home, and opportunity of land and ability have urged many companies to set up their extremity offices in the region.

With the announcement of major infrastructural projects in Navi Mumbai, real estate prices are about to rise in near future.

Navi Mumbai is going to be a new beginning for homebuyers.

- Giant Industrial Offices in Kharghar

The lifestyle and luxurious homes in Kharghar are more coveted.

It is the most advanced amongst all the nodes of Navi Mumbai.

It is strategically well-planned and dwelled at a driving span of hardly 12 km from the stated Navi Mumbai International Airport.

CIDCO intends to amplify here industrial offices that will be in the lines of Bandra Kurla Complex of Mumbai.

It will be adequate with learning institutes, recreational, and healthcare options to offer a luxury lifestyle to its inmates.

- New Navi Mumbai International Airport

The demand for property in Navi Mumbai started to rise as soon as the foundation stone of the project was laid.

The development of the airport is presumed to generate more than 4 lakh direct and indirect jobs in Navi Mumbai.

As the growth prospects are high, many people are massively investing in adjacent properties in Kharghar, ulwe, karanjade since real estate is dramatically influenced by its neighboring and immediate areas.

- New Metro Rail Project in Navi Mumbai

The Government is strong-minded to develop Mass Transit System (MTS) swiftly that will benefit people to commute in smooth.

Henceforth, the Government of Maharashtra has cleared a new metro rail project of around 33.15 Km from Navi Mumbai International Airport to Chhatrapati Shivaji Maharaj International Airport.

- Mumbai Trans Harbour Link Connectivity

An unprecedented initiative that will rapidly and smoothly connect Navi Mumbai right to the heart of Mumbai is being built in the form of Mumbai Trans Harbour Link (MTHL) by MMRDA (Mumbai Metropolitan Region Development Authority).

Mumbai Trans Harbour Link is a 21.8 km expressway bridge that will join Mumbai to Navi Mumbai.

This trans Harbour Link will overcome the shuttle time from Mumbai to Navi Mumbai to just 20 minutes.

It also means that there will be swift connectivity to Navi Mumbai and the Konkan region.

Navi Mumbai is one of the most desired cities to reside in. There are ample opportunities for the investor to invest in flats in karanjade, kharghar, ulwe, and neighboring areas.

Sambhav Group is one of the notable real estate brands in Navi Mumbai, providing luxurious and budget-friendly homes to all segments of society.

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How To Buy Commercial Property In Navi Mumbai

Navi Mumbai is rapidly growing, and investors prefer to set up their offices in these areas.

Buying commercial real estate in Navi Mumbai would compel more from an investor, from crunching numbers to raising money.

However, there is no strategy to buy a commercial property that will fit you the best.

Everyone is aware that commercial property comes with many blessings and benefits.

One should also be aware that buying an office space has a lot many critical risks as well.

Before buying a commercial property or an office space, one needs to be certain of what you are looking for.

What is Commercial Real Estate?

Real estate land that is essentially used for business purposes is referred to as commercial property.

Buildings that make business, land that has the main function of producing profit and residential rental properties are considered commercial property.

Steps to follow while purchasing Commercial Property

Find the reasons for investing.

Explore different commercial property types.

Ensure your financial position.

Gather the best potential team for the job.

Determine a potential property in your market.

Estimate the property's value.

Plan a counter-offer and close the contract.

Purchasing commercial properties in Navi Mumbai is similar to acquiring residential real estate on a larger scale.

Investors will also need to do their preparation and with due diligence.

Higher selling prices, more profuse leases, and more expensive rental income are often linked with commercial properties.

As an investor, you should ensure that they have the right methods to plan for these mutations.

As you gain expertise, you will naturally become more self-sufficient in assessing assets and closing deals.

Contemplate the subsequent steps in the commercial real estate investment process:

- Think well about why you want to invest

It is futile to invest in a commercial asset if you do not have any reason to achieve it.

You must first ask yourself why you are doing so before you consider purchasing real estate.

Firstly, decide about the gain, and then look for an investment to help you get there.

- Give a thought about your investment choices

Commercial real estate is a widespread concept that embraces anything from retail stores to office buildings, metropolitan parks, large residential buildings, and many other commercial properties.

As a result, it is profitable to figure out what kind of commercial real estate you want.

- Secure Funding

Investor needs to have secure financing before looking for a commercial real estate property to buy.

Investors get an idea of how much amount they can afford or how much they need to save.

If you want to buy property in Kharghar or Navi Mumbai, get in touch with us at 8282929233 | 8282929244 | 8282929255 or mail us at enquiry@sambhavgroup.net.