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
Real Estate Market Sees Gains Amid Positive Trend
Real Estate stocks rise as S&P BSE Realty Index gains 0.96% at 8117.27
Pune-based Real Estate Developer Kolte-Patil Eyes Higher Property Prices in FY25
Kolte-Patil Developers expects realisations to improve to ₹8
The Demise of Chhota Shakeel's Kin: A Blow to D-Company's Mumbai Operations?
With the sudden death of Arif Bhaijaan, brother-in-law of Chhota Shakeel, the D-Company's stronghold in Mumbai's real estate market is under threat.
Real Estate Developer in Delhi Receives ₹2 Crore Extortion Call, Case Filed
A real estate developer in Vasant Vihar, South Delhi, received a threatening extortion call demanding ₹2 crore. The police have filed a case and are investigating the matter.
Mumbai's Property and Home Finance Expo: A Resounding Success
The recent Property and Home Finance Expo held in Mumbai saw a remarkable achievement as 18 properties were booked in just 10 minutes, highlighting the rapid advancements in the home-buying process.
Guillain-Barré Syndrome in Maharashtra: Death Toll Rises to Two, 16 New Cases Reported
A 56-year-old woman has died due to suspected Guillain-Barré Syndrome (GBS) in Maharashtra, raising the death toll to two. Sixteen new cases of the rare nerve disorder were also reported in the state, according to health officials.