Real Estate Navi Mumbai

Kharghar Redevelopment: Old Sectors See 12% Price Jump

By GeoSquare News Desk · Published 2026-11-01

The Navi Mumbai Municipal Corporation (NMMC) has moved ahead with a redevelopment blueprint for the older sectors of Kharghar. The plan aims to unlock nearly 20 lakh sq ft of additional carpet area, giving a fresh impetus to the locality's real estate market.

Redevelopment Plan and Additional Carpet Area

Under the cluster redevelopment approach, old buildings and layouts in Kharghar's established sectors will be redeveloped to generate more built-up space. This is expected to modernise the neighbourhood while improving the overall living experience for residents. The additional carpet area will also allow more housing stock to enter the market, potentially easing supply constraints in the node.

Price Movement and Market Sentiment

Local brokers have reported a 12% increase in resale rates in the old sectors over the past quarter. The uptick is attributed to the redevelopment momentum, better infrastructure connectivity, and the emergence of new commercial zones around Kharghar. End-users and investors are both showing renewed interest, with many viewing the redevelopment as a catalyst for long-term value appreciation.

What It Means for Buyers and Investors

For homebuyers, the redevelopment could mean access to modern amenities and better-designed apartments in a well-established locality. Investors, on the other hand, are eyeing the potential for capital gains as the area transforms. However, experts advise buyers to check the track record of developers and the approvals in place before committing to any redevelopment-linked purchase.

As NMMC pushes ahead with the plan, Kharghar's older sectors are likely to see sustained demand. With infrastructure upgrades and commercial growth in the pipeline, the node remains a key focus area for Maharashtra's property market.