Komal Thakkar has been going in and out of real estate offices for over six months now. A resident of Mulund, Komal is now looking in Navi Mumbai for a flat to invest in.
I thought things would be more affordable in Navi Mumbai, but theres not much difference between this and Pedder Road. Its too unfair. They should decrease the prices, says she.
Real estate is way too expensive in Mumbai and Navi Mumbai is soon catching up with real estate prices skyrocketing there as well.
Komals hunt is all set to get harderwith builders now planning to hike property prices in Navi Mumbai.
With permission clearances for a proposed international airport and a massive special economic zone coming up in Panvel have raised the market value of Navi Mumbai say builders.
The international airport will be spread across 3,000 acres, while the special economic zone will be spread across a whopping 38,000 acres. In about 10 years time, a vast expanse in Navi Mumbai will be transformed and developers are cashing in.
Says trustee of Navi Mumbai Chamber of Housing, Manohar Shroff, We are raising prices by 10 to 15 per cent mainly because of the infrastructural developments happening in the area. There is going to be a boom in housing.
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