In 2022 and beyond, the demand for office and data center spaces will rise meteorically in Navi Mumbai. So, while doing commercial real estate investments in India in 2022, it would be a mistake to ignore Navi Mumbai, predicts Hirav Shah.
About Navi Mumbai Property: Navi Mumbai or New Mumbai is the Country’s largest planned city, and actually it’s even bigger than Mumbai and its suburbs, put together…
Meanwhile, Hirav Shah, The Real Estate Strategist With Global Influence Predicts-“Navi Mumbai will script a new chapter in commercial space investment in 2022”
Hirav Shah Adds- “The hottest news pertaining to Navi Mumbai Real Estate is that- Reality will be investing Rs 5,000 crore to construct an IT park project and the sole reason is the growth of commercial real estate. Yes…”
The Navi Mumbai area commands a monthly rental of Rs 60-70 per square feet. Around 2-3 million square feet of office space gets leased in this area.
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“So, investors, look out for Navi Mumbai for investing in commercial space in 2022”- Suggests Hirav Shah, Premier Real Estate Strategist, Advisor, Consultant and Astrologer.
Jobs In Navi Mumbai Real Estate
- Head – Corporate Strategy at DC Consultants
- Real Estate Executive at Green Rock Realtors
- Hr Executive at VNU CONSULTING SERVICES and
- numerous other jobs.
Navi Mumbai Real Estate Developers
- Arihant Superstructures LTD,
- The Wadhwa Group,
- Paradise Group,
- Sambhav Group and
- Unimont Group etc…are the top 5 real estate developers.
Navi Mumbai Real Estate Agents
- Shivlink Real Estate,
- Birbal Enterprise(Real Estate) and
- Maxim Estates etc…are the top Navi Mumbai Real Estate Agents.
Navi Mumbai Real Estate Predictions: 2022 will likely see more launches, better prices and a rebound in rental market. All round, a good and exciting year.
Why Can Navi Mumbai Real Estate Give Better Returns In 2022?
Due to the prominence of the resale market and as offices/malls/commercial spaces resume normally in 2022, demand will return to a meaningful extent making rents rise…Hence, Navi Mumbai Real Estate can give better returns in 2022.
Top Places To Invest In Navi Mumbai Real Estate
1.Panvel
In terms of factors such as price trends, connectivity, social infrastructure, and industrial development, Panvel stands out in Maharashtra and also in India. Hence, it’s only wise to invest in commercial space here in 2022.
Meanwhile, the upcoming infrastructure projects will trigger high demand for commercial properties in Panvel. The property prices in Panvel increased by 15-20% between the years 2014-2021. Since the region is becoming a commercial hub in Navi Mumbai, this trend is expected to continue…
Hence, for impressive returns on commercial estate investments, Panvel is an ideal place. Both high rental yields and property appreciation are expected for commercial properties in 2022.
Some emerging sub-localities of Panvel are Palaspe Phata, New Panvel and Karanjade . These locations are becoming the commercial hubs for their infrastructure development and proximity to Panvel.
So, investors watch out for these locations !!
2. Kharghar
There has been an upward trend for commercial properties over the last few years in Kharghar as per the latest study. Kharghar has witnessed a 15-18% rise in property prices for commercial properties, between 2017-2021.
Owing to the growing infrastructure and easy connectivity to key industrial areas such as Vashi & Belapur, the trends are expected to continue throughout 2022 and even beyond.
It’s only wise to invest in commercial space in Kharghar in 2022. So investors, are you listening!!
3. Ghansoli
Ghansoli has shown a 20-25% increase in capital values, from the year 2016-2021. Today, Ghansoli has been steadily graduating into becoming one of the key industrial hubs.
Also, the infrastructure plans are scaling up the development in the locality and this planned infrastructure will encourage more and more real estate investment in the commercial space.
Don’t overlook Ghansoli if you are investing in commercial real estate in Navi Mumbai…
Conclusion
In 2022 and beyond, the demand for office and data center spaces will rise meteorically in Navi Mumbai.
So, while doing commercial real estate investments in India in 2022, it would be a mistake to ignore Navi Mumbai- Concludes Hirav Shah, Real Estate’s Most Sought-After Strategist.
