Navi Mumbai International Airport???s Impact on Kharghar???s Real Estate

Navi Mumbai has seen a rapid growth in all sectors over the past few years, and Navi Mumbai International Airport has been a major contributing factor. Kharghar has naturally experienced a huge benefit from this development, with a spike in the real estate market.

Kharghar is located approximately 12 kms away from the Navi Mumbai International Airport, offering a developed social infrastructure, seamless connectivity and established residential areas.

• There has been a 25% price appreciation in property rates due to airport-led infrastructure growth.
• There has also been a boost to the rental yields and demand for luxury 2 BHK and 3 BHK flats in the locality due to the increase in aviation professionals, logistics personnel, and corporate executives.??
• Kharghar???s business ecosystem will also experience potential growth due to contributing factors such as logistics, hospitality, warehousing, data centres, IT parks, retail, and mixed-use developments.

Kharghar???s Robust and Expanding Connectivity

Kharghar offers the best combination of road, rail, metro, airport, and upcoming coastal infrastructure. Mumbai???Pune Expressway, Sion???Panvel Highway, Navi Mumbai International Airport corridor, Panvel growth belt and NAINA development region are a few of the best connectivity options Kharghar offers.

CIDCO???s Planned Infrastructure in Kharghar

Kharghar is one of the most premium localities in Navi Mumbai, giving planned infrastructure, residences and commercial offerings. CIDCO has a series of new developments proposed in order to add to the social infrastructure of this locality.

• International Corporate Park (ICP)
  International Corporate Park, also known as BKC 2.0, a 120+ hectare business hub in Sector 33, is planned to attract multinational corporations, BFSI companies, and IT firms to decongest South Mumbai.
• Kharghar-Turbhe Link Road (KTLR)
  An ongoing 2,099-crore project featuring a tunnel that will cut travel time between Kharghar and Turbhe from 40 minutes to just 10 minutes.
• Metro Line 1 and Line 2 Expansion
  Kharghar will experience an expansion in Metro connectivity developed by CIDCO, largely to offer better connectivity to the residents of Kharghar towards areas from CBD Belapur to the Navi Mumbai International Airport and Pendhar to Khandeshwar, linked to the Navi Mumbai International Airport.

Better Lifestyle and Living Experience in Kharghar

Kharghar is highly preferred for living as it has the best of all the offerings. Right from top-notch educational institutions to reputed hospitals, with the addition of civic amenities, Kharghar offers parks and recreational spaces.

Families nowadays prefer areas to live in that offer a balanced offering of an influential social infrastructure, while the area also offers calm. Kharghar has a lot of greenery around, while it also has a potential offering of reputed schools, hospitals, grocery stores, entertainment options, and commercial hubs.

Here are a few quickly accessible facilities available in the vicinity.

Hospitals:

• Medicover Hospital.
• Kharghar Speciality Hospital.
• Polaris Hospital.
  

Educational Institutes:??

• Saraswati College of Engineering
• National Institute of Fashion Technology (NIFT)
• DAV International School
• DY Patil University

Shopping Malls, Supermarkets and Eateries:

• Nexus Seawoods.
• Little World Mall.
• The Coffee Bistro.
• Reliance Smart Superstore.
• Dmart.

Kharghar???s Property Price Trend

Kharghar has experienced consistent growth in property rates in the past 5 years, driven by developing infrastructure, better connectivity, influential industries and employment opportunities.

FAQs

Does Kharghar offer a good living experience?
Kharghar is an ideal residential area with serene and peaceful ambiance, developing social facilities and connectivity.

Is Kharghar a place with a nature-oriented yet well-connected to city life?
Kharghar offers lush greenery surrounding the entire area and the area offers essential elements like world-class hospitals, schools and shopping centres, bringing the finer things to life in your everyday existence.

Kharghar is a favourable area for residential investments?
It is a suitable place for investment in residential properties as it provides commercial real estate opportunities with an assured?? growth in property values, rent returns and infrastructure development at Kharghar.

Is there an international airport nearby?
The Navi Mumbai International Airport is located 30 minutes away.

What is the average rental yield of Kharghar?
The average rental yield of properties in Kharghar, Navi Mumbai is 4%.