Vashi: Navi Mumbai's Top Choice for Real Estate Investment in June
Discover why Vashi has emerged as a prime commercial and residential hub in Navi Mumbai, offering a comfortable living environment and diverse real estate opportunities.
Real EstateProperty NewsVashiNavi MumbaiResidential HubReal Estate NewsJul 17, 2024
The area is characterised by a mix of high-rise apartments, corporate offices, and retail establishments, attracting a diverse population of professionals and families. With its balance of urban conveniences and relatively lower population density compared to Mumbai proper, Vashi offers a comfortable living environment for its residents.
In June, several residential projects led the way in terms of sales, with EV - 10 Marina Bay, Ram Laxman Tower, and Goodwill Mansion emerging as the top performers. These developments offered a range of apartment sizes, from compact units to spacious homes, catering to a wide range of buyer preferences. Prices per square foot in Vashi ranged from INR 12,103 to as high as INR 31,891, with an average of around INR 20,463.
Most apartments sold were in the coveted 500 - 1,000 square feet range, contributing 56% of the total sales. 33% of the apartments were sold between 1 - 500 square feet, while the remaining 11% of the transactions were between 1,000 - 1,500 square feet. In terms of pricing, 33% of the apartments sold were within INR 1 crore, while 22% of the flats sold were within INR 1-2 crores.
Vashi continues to thrive as a prime commercial and residential hub in Navi Mumbai, balancing urban convenience with a comfortable living environment. The robust real estate activity in June highlights the area's diverse appeal and investment potential.
Information PropNewsTime is a dedicated property news website that covers the latest events, stories, updates and occurrences in the industry.
Navi Mumbai is a planned township located on the west coast of Maharashtra, India. It was developed in the 1970s as a satellite town of Mumbai, and has since grown into a thriving commercial and residential hub.
Frequently Asked Questions
What is Vashi known for?
Vashi is known for its organized layout and modern infrastructure, making it a prime commercial and residential hub in Navi Mumbai.
What is the average price per square foot in Vashi?
The average price per square foot in Vashi is around INR 20,463.
Which residential projects led the way in terms of sales in June?
EV - 10 Marina Bay, Ram Laxman Tower, and Goodwill Mansion were the top performers in terms of sales in June.
What is the range of apartment sizes available in Vashi?
The apartment sizes in Vashi range from 287 square feet to 1,002 square feet, catering to a wide range of buyer preferences.
Why is Vashi a popular choice for real estate investment?
Vashi is a popular choice for real estate investment due to its balance of urban convenience and comfortable living environment, as well as its diverse appeal and investment potential.
Related News Articles
India's Luxury Real Estate Market Witnesses 37.8% Sales Surge in 2024
The luxury housing segment, including units priced at INR 4 crore and above, experienced a 37.8% increase in sales year-on-year during the first nine months of 2024, driven by robust economic conditions and consumer confidence.
Maharashtra Secures $50 Billion in Investment Commitments at India Global Forum
Maharashtra has secured a significant $50 billion in investment commitments at the India Global Forum. This influx of capital is expected to boost various sectors, including real estate, manufacturing, and technology, driving economic growth and job creation.
Private Equity Investments in Indian Real Estate Surge to $4.2 Billion in 2024
Private equity investments in Indian real estate have soared to $4.2 billion in 2024, marking a 32% increase from the previous year. The warehousing sector has been the key driver of this growth.
Maharashtra's Mega Investments at WEF Davos: A €4.99 Lakh Crore Boost
Maharashtra is making headlines at the World Economic Forum in Davos with mammoth investment deals totaling over ₹4.99 lakh crore. In an exclusive interview, Chief Minister Devendra Fadnavis discusses the state’s strategic partnerships and their impact on
Real Estate Sector Sees Encouraging Outlook Despite Legacy Challenges
The Economic Survey highlights India's real estate sector's recovery, driven by urbanization and government schemes, but notes that legacy stalled projects pose a challenge.
Under-construction Property Supply Surges by 46.8% in a Year: Report
The real estate sector has seen a significant surge in under-construction property supply, marked by a 46.8% increase over the past year. Cities like Bengaluru, Noida, and Navi Mumbai continue to lead with affordable property prices, making them attractiv