KSC New Town: The Catalyst for Real Estate Growth in Raigad
The development of KSC New Town in Raigad district, encompassing key areas like Karnala, Sai, and Chirner, is set to transform the region's real estate landscape, attracting significant investments and fostering sustainable urban growth.
Ksc New TownRaigad Real EstateNavi Mumbai DevelopmentMmrdaSmart CityReal Estate MaharashtraOct 27, 2024
This new township will cover key areas within Navi Mumbai and Raigad, including the Karnala Bird Sanctuary, Sai, and Chirner regions. Known for their natural beauty and proximity to nature, these areas are poised to attract residential and commercial projects that cater to homebuyers seeking a balance between urban amenities and serene surroundings.
According to Rajesh Prajapati, the president of CREDAI-MCHI Raigad, 'It is a welcome step by the state government that it appointed MMRDA as NTDA for KSC New Town, comprising residential, commercial, and other mixed-use development. There is immense scope for the development of these lands surrounding the new airport. Corporates, multinationals, and technology firms are eyeing Navi Mumbai for setting up their offices, primarily due to the advent of the new airport. We expect demand to escalate in the next few years, especially due to its closeness to the Navi Mumbai end of Atal Setu and other infrastructure projects planned there.'
The creation of KSC New Town aligns with the evolving needs of urban expansion. This initiative is expected to accelerate real estate development, particularly in residential, commercial, and mixed-use segments. The announcement will also boost the development of supporting infrastructure such as transport networks, social amenities, and lifestyle offerings, further catalyzing the growth of the region.
Sandeep Sonthalia, CEO of Wadhwa Wise City, commented, 'The development of KSC New Town is expected to significantly boost opportunities for sustainable urban planning and community-driven projects. This initiative aligns perfectly with our focus on long-term growth, contributing to a well-planned urban ecosystem and attracting NRIs, investors, and residents seeking quality living in emerging suburbs. We are optimistic that this development will unlock new avenues, making Raigad a prime destination for holistic real estate investment and growth.'
Ram Naik, Director and Co-founder of The Guardians Real Estate Advisory, noted, 'Encompassing 124 villages over 323 sq. km, KSC New Town will be anchored by the forthcoming Navi Mumbai International Airport, making it an attractive destination for homebuyers seeking proximity to India's financial capital. With Smart City features integrated into the development, residents and investors can expect a modern, sustainable living environment that fosters long-term growth in the region.'
Rajeev Ranjan, Co-Founder & CEO of The Mentors Real Estate Advisory Pvt Ltd, expressed, 'This new development is poised to become a significant growth corridor, bringing structured urbanization and unlocking new real estate opportunities in the region.'
Bhavesh Shah, Joint Managing Director of Today Global Developers, added, 'MMRDA envisions providing discerning residents with a good quality of life through the provision of modern amenities and recreational facilities, enveloped in a well-planned greener ecosystem. It will not only bolster the real estate developments within the region but also create great job opportunities in various sectors due to the proximity to the Navi Mumbai International Airport.'
The creation of KSC New Town is projected to spark real estate interest as developers are eyeing this area as the next growth corridor in Navi Mumbai. This initiative aligns with the state government’s vision to expand the Mumbai Metropolitan Region (MMR) and relieve congestion in the main city, providing fresh opportunities for investors and residents alike in Raigad district.
Frequently Asked Questions
What is KSC New Town?
KSC New Town, or Karnala-Sai-Chirner New Town, is a new township being developed in Raigad district by the Mumbai Metropolitan Region Development Authority (MMRDA). It covers key areas within Navi Mumbai and Raigad, including the Karnala Bird Sanctuary, Sai, and Chirner regions.
What is the role of MMRDA in KSC New Town?
The MMRDA has been appointed as the New Town Development Authority (NTDA) for the KSC New Town project. Their role is to streamline urban planning and development in the region, catalyzing real estate growth and attracting investments.
Which areas are included in KSC New Town?
KSC New Town includes key areas within Navi Mumbai and Raigad district, specifically the Karnala Bird Sanctuary, Sai, and Chirner regions.
What are the expected benefits of KSC New Town?
The expected benefits include accelerated real estate development, particularly in residential, commercial, and mixed-use segments. It will also boost the development of supporting infrastructure such as transport networks, social amenities, and lifestyle offerings, further catalyzing the growth of the region.
How will KSC New Town impact the local economy?
KSC New Town is expected to significantly boost real estate investment and establish Raigad district as a key micro-market within the MMR. The integration of Smart City features and proximity to the Navi Mumbai International Airport will attract corporates, multinationals, and technology firms, creating job opportunities and fostering long-term growth in the region.
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