When it comes to real estate investment in Navi Mumbai, there are several good locations available, and choosing the perfect one can be too picky. These areas offer a lucrative opportunity for investors looking to capitalize on the city’s rapid development. Let’s delve into a comprehensive analysis of the real estate potential in Roadpali and Khandeshwar.
A popular area and is one of the fastest growing parts in Navi Mumbai with its railway station which is connected to the Harbor Line of the Mumbai railway network, nearby areas of Khandeshhwar are Kamothe, Khanda Colony, and Greater Khanda.
The average property price trend in this area is ₹8900 per sq. ft., for instance, a 2BHK is sold in the price range of 70 Lac to 85lac, while the average rental price of 2 BHK is around ₹12,000~17,000.
Source: Makaan.com
Points to Remember:
1)Khandeshwar Railway Station connects the area to the rest of the city -Positive.
2)There are many good schools and reputed hospitals in the region -Positive.
3)There are many shopping centers, restaurants, cafes, restaurants, etc. Available in and around locality -Positive.
4)Public transport is limited -Negative.
5)During the rainy season in the area, open drains emit an unpleasant smell -Negative.
6)Water scarcity is a major problem for local communities -Negative.
7)Illegal parking in some areas during rush hour traffic -Negative.
RoadPali-
Roadpali is a developing residential area in Kalamboli, near Kharghar and Taloja. It consists of mixed-budget residential apartments. Over the past few decades, the area has been in a rapid development project focused as a residential area under the affordable housing scheme of the City and Industrial Development Corporation (CIDCO). Having well-connected proximity to the Mumbai-Pune Expressway, industrial areas, and the Upcoming Navi Mumbai International Airport;
Physical, social, and retail infrastructure:
Roadpali is well connected to other parts of Mumbai, Thane, and Navi Mumbai via the Sion-Panvel Highway, Mumbai-Pune Expressway, and Thane Belapur Road.
Kharghar and Mansarovar are the nearest stations on the railway line at 5 km from Roadpali. The Kalyan-Shil road which further connects to Dombivli, Kalyan, Ambernath, and Badlapur, these adjoining areas are easily accessible from RoadPali. The NMMT and Kalyan Dombivli Municipal Transport (KDMT) buses run at reasonable times and offer good service to Mumbai, Thane, and the nearby cities of Uran, Ulwe, and Kalyan-Dombivli.
Price Trends of Locality:
The following price chart shows the continuous increase in the rate of properties(per sq. ft), and on average the per sq. ft price in the RoadPali vicinity is above ₹7500 recorded in the current quarter.
We can see a slight dip in rates but after certain corrections and improvement in the locality, the surge is evident and is expected to range even more as high as approximately ₹9000.
Source: MagicBricks
Things to remember:
1) Development of affordable housing and adequate public facilities -Positive.
2) Easy to connect with Mumbai and Pune – Positive.
3) Proximity to nearby airport and industrial and commercial areas of Navi Mumbai -Positive.
4) There are high chances of power cuts and water issues in the summer -Negative.
Location Advantages and Connectivity-
One of the key factors contributing to the appeal of Roadpali and Khandeshwar is their strategic location. Situated close to major business hubs and educational institutions, these areas present an attractive proposition for real estate investment. Additionally, the seamless connectivity to prime locations such as Vashi, Kharghar, and Panvel further enhances their desirability.
Infrastructure and Development-
The burgeoning infrastructure and development projects in Roadpali and Khandeshwar have bolstered their status as prime real estate destinations. With the upcoming Navi Mumbai International Airport and the under-construction Navi Mumbai Metro line 2, the growth prospects for these areas are promising. Investors can expect a surge in property values as the infrastructure continues to evolve.
Property Options, Pricing, and Rental Yield and Return on Investment-
From modern high-rise apartments to gated communities, Roadpali and Khandeshwar offer a diverse range of property options to cater to varying investment preferences. The rental yield and potential return on investment in Roadpali and Khandeshwar are noteworthy aspects that make them appealing to investors. The demand for rental properties is expected to rise in tandem with the influx of working professionals and students due to proximity to the railway network.
Future Growth Prospects-
The future growth prospects for Roadpali and Khandeshwar appear promising. As infrastructural developments and commercial expansion continue to unfold, the real estate landscape in these areas is set to witness a significant transformation, presenting ample opportunities for investors to capitalize on.
