Navi Mumbai is witnessing healthy real estate activity attracting end user demand, backed by big infrastructure projects like Navi Mumbai International Airport, Navi Mumbai Metro, and Mumbai Trans Harbour Link.
But in terms of affordability, Navi Mumbai has all type of facilities,” Mr. Singh said. “I have been living for the last 38 years and everything here is much better than what most other cities offer. Navi Mumbai is much affordable than Mumbai in terms of housing.
Posh Areas in Navi Mumbai
- Posh Areas in Navi Mumbai.
Cost of Living Comparison Between Mumbai and Navi Mumbai
You would need around 124,768.78₹ in Navi Mumbai to maintain the same standard of life that you can have with 160,000.00₹ in Mumbai (assuming you rent in both cities).
A single person estimated monthly costs are 373$ (27,428₹) without rent. … Navi Mumbai is 71.99% less expensive than New York (without rent). Rent in Navi Mumbai is, on average, 88.28% lower than in New York.
Top localities in Navi Mumbai
|Locality||Average per sq ft value||USP|
|Kamothe||Rs 7,375||Close to Taloja Industrial Area; Affordable to mid-segment properties available|
|Nerul||Rs 12,680||Houses the MIDC industrial area, colleges, etc.|
|Taloja||Rs 5,540||Planned by CIDCO|
|Seawoods||Rs 13,750||Posh locality, top choice of HNIs|
Which is the richest area in Mumbai?
Top posh areas in Mumbai, with property prices
- Malabar Hill.
- Cuffe Parade.
- Bandra west.
Navi Mumbai is better organised since it’s a planned city
Because the idea was to make it planned AF, Navi Mumbai also gets you everything you desire, but with the added advantage of ease of access.
Is Vile Parle a posh area?
Vile Parle West is the posh area of Mumbai. Vile Parle West is the posh area of Mumbai. All the basic facilities like schools, colleges, hospitals are nearby. Road connectivity is also good at this location.
Is Andheri a posh area?
Andheri East is a very posh location. It is near to grocery provision, hospitals, schools, colleges, metro and railways station just 10 minutes away-excellent BEST connection.
Nerul is another posh locality in Navi Mumbai. The locality is a favourite among the upper middle class earners. The locality lies on three highways in the Navi Mumbai region viz., Sion-Panvel Expressway, Palm Beach Road and Uran Road.
Why belapur is called CBD?
Secretary of the Navi Mumbai Chamber of Housing, Manohar Shroff, said: “The Central Business District (CBD) zone was created in Belapur primarily to boost business in the city. Also, CBD is popular all over India and also abroad, so it is not a good idea to rename it during the current economic slowdown. ”
Is Bangalore expensive than Mumbai?
Cost of Living Comparison Between Mumbai and Bangalore
You would need around 116,795.20₹ in Bangalore to maintain the same standard of life that you can have with 160,000.00₹ in Mumbai (assuming you rent in both cities).