Home Buyers’ Guide: Navi Mumbai

Navi Mumbai has emerged as a prime residential market in the last 10 years. It is well planned and has availability of relatively affordable options as compared to Mumbai. Affordable localities such as New Panvel, Khargar, Khamothe and Ulwe offer properties within an average value of approximately Rs 4,000-7,000 per sq. ft, and have become top picks for homebuyers. According to Square Yards research, during Q4 2021, more than 60 per cent of the online searches as well as the supply in the market was concentrated for properties in the budget brackets of Rs 30-60 lakh and Rs 60-100 lakh. Smaller configurations remained popular throughout 2021.