Property in Navi Mumbai Nerul is well sought after as it is a well known and well appreciated locality of Mumbai Metropolitan region, Navi Mumbai. It is an important real estate market in India. As per a recent analysis, the average per square feet (psf) price for buying a property in Nerul is around Rs. 7,800/-
On further analysis the following trends can be observed.
12 Months price trends: The Property in Navi Mumbai Nerul prices have appreciated by 8.3% in Nerul. The psf rate has changed from Rs.6,892/- to Rs.7,830/- during this period.
6 Months price trends: The Property in Navi Mumbai Nerul prices have appreciated by 2.2%. The psf rates has changed from Rs.7,482/- to Rs.7,830/- during this period.
3 Months price trends: The Property in Navi Mumbai Nerul prices have dropped by 3.34% The psf rate has changed from Rs.7,653/- to Rs.7,830/- during this period.
On comparing the general trends in Property in Navi Mumbai Nerul over the past 12 months, it is shown that property prices in Navi Mumbai has appreciated 7.2% , whereas Nerul has appreciated to 8.3%.
What most people who drive through Nerul don’t know is that this node consists of 50 sectors and is one of the most populated and affluent localities in New Mumbai. Nerul along with Seawoods-Darave, also known as just Seawoods, is the second best developed zone of New Mumbai after Vashi.
Here are a few good reasons why investing in Property in Navi Mumbai Nerul, particularly in apartments in Nerul is sound advice: Good road & transport facilities BEST and NMMT buses serve affordable transportation. Being a planned township, it has roads that intersect at right angles, road signs prominently displayed and traffic signals with LED time displays. The proposed Navi Mumbai International Airport and the Mumbai Trans Harbour Link (MTHL), also known as Sewri-Nhava Sheva Trans Harbour Link, will boost further developments in the area. It will be a 22-km freeway grade road bridge that will connect the city of Mumbai with Navi Mumbai and is slated to be the longest sea bridge in India, when completed.
Nerul has many well known institutions offering various streams of education. Restaurants, coffee shops and ice-cream parlours: Nerul has a plethora of eateries with many well known brands situated here and offers a variety of cuisine: Indian, Chinese, Continental, besides malls.
Good hospitals and nursing care Nerul has many good hospitals, both government and private, that offer general care and multi-specialty services, besides many nursing clinics. Sports Nerul has a few sports complexes and the well known world-class cricket stadium, the DY Patil Stadium, where many IPL cricket matches were held, is one of them. A new golf course is also on the anvil.
Information Technology (IT) has been a catalyst for the real estate business; by creating demand and raising the bar for quality construction. Real estate experts cite the example of the market in Pune which has grown on the back of the IT industry. They point out that the Thane-Belapur belt which was an industrial zone has been slowly morphing into a services zone. This is another factor which will impact the demand for houses in Navi Mumbai. Prices for apartments in Nerul ranged from INR 9000 to INR 12, 500 per sq ft during the first three months of this year.