Navi Mumbai, the twin city of Mumbai, is one of the largest planned cities in the world. The city is a hub of commercial and industrial activities and has seen a dynamic change in real estate sector over the past decade. The average per square feet (psf) capital and rental value of new property in Navi Mumbai is 5436/- and 13/- respectively.
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Property Prices in Navi Mumbai
Navi Mumbai - Property Price OverviewNavi Mumbai, developed in 1972 to decongest the city of Mumbai is the largest planned city in the world, managed by one of the richest corporations in Asia, The Navi Mumbai Municipal Corporation. With an area of 163 square kilometers, the city is home to 1.2 million of Indian population. The Maharashtra Government, as per the plans is shifting many industrial hubs and commodity markets in Mumbai to Navi Mumabi. It has become home to many of Mumbai based software companies. The Government has set up software parks to meet the increasing demand. Navi Mumbai has seen much of transformation as far as real estate sector is concerned.
Realty Rebounds In Q1; Home Sales Soar 8%According to a PropTiger DataLabs report, real estate markets across the nine major cities of India showed an improvement in the first quarter of the financial year 2016-17.
Mumbai Thane and Navi Mumbai race ahead in PropertyMumbai Thane and Navi Mumbai race ahead in Property price appreciation in Mumbai- MakaanIQ
Relaxation In TDR: Know How Mumbai Realty Is Going TThe TDR generated for 100 sq mt would be double the size of the land acquired in the non-congested areas, and three times for the land acquired in the congested areas.
last update - 28-11-2016