![]() ![]() Real estate in Navi Mumbai is on a high-growth trajectory. IT contributes to more than 40% of all commercial demand and is the main growth story for India. Thanks to these mega projects, Navi Mumbai is now becoming a thriving commercial and industrial hub, seamlessly connected with Mumbai, the commercial capital of India and Pune, the newfound IT hub. ![]() Iv) The Mumbai Trans Harbour Link (MTHL), the longest sea bridge in India, of around 22 km will connect Sewri in South Mumbai to Nhava Sheva in Navi Mumbai. This will lead to a bustling and thriving ecosystem of jobs, business opportunities, allied service industries, all within the vicinity. Iii) CIDCO-commissioned BKC II, at over 300 acres, is to come up at Kharghar. Ii) The south of Navi Mumbai is going to be developed as an environmentally efficient smart city in INR 34,000 crore smart city project announced by CIDCO. ft of office space to the existing 18 million sq. I) Apart from the development of the international airport, there is an addition of about 8 million sq. In addition, the Marina will enable travel via hovercraft from Mumbai to Navi Mumbai. The flurry in the real estate sector has already been on the rise since the government has approved the plans for the airport and demarcated the land for proposed development under the name of Navi Mumbai Airport Influence Notified Area (NAINA). ![]() With the Navi Mumbai International Airport at Ulwe, near Panvel, expected to be functional by 2020, Navi Mumbai will be the hotbed for an unprecedented growth and development. Mumbai’s Chatrapati Shivaji International Airport is 30 kms away. The metro-city enjoys smooth connectivity through the routes of rail and road at various destinations like Panvel, Kalamboli, Kharghar and Nerul. Situated at a distance of 127 kms from Pune along the Mumbai-Pune Express Highway and merely 25 kms from Mumbai, Navi Mumbai is proving to be an attractive growth location for business as well as housing sector. Divided into 14 nodes, Navi Mumbai has been flourishing since its inception due to a robust growth in residential, commercial and industrial real estate. With distinguished architect Charles Correa on board as the Chief Architect, ‘City and Industrial Development Corporation (CIDCO)’ initiated the development of around 16,000 hectares of land to the north-east of Mumbai. Navi Mumbai was the brainchild of Adi Kanga, a civil engineer. Navi Mumbai is the result of that planning - a meticulously built satellite city of Mumbai metropolis, a planned development with sustainable infrastructure. The emergent planned city was expected to be the model of both architectural finesse and state-of-the-art urban planning. It was in the 1970s that Mumbai, with its infrastructure bursting at the seams and burgeoning population, pre-dictated the natural birth of a planned satellite city. ![]()
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