Considering the growth of the affordable housing market in Mumbai in recent times, the focus naturally shifts to Navi Mumbai as a growth centre of the future. In this context, if you’re seeking low budget flats in Mumbai, Nerul might be a good place to invest. This is one of the fastest growing areas that offers ample options in terms of low budget flats in Navi Mumbai.
You’ll find Nerul low budget 1 BHK flats for anywhere between Rs. 60-70 lakhs while there are other low budget flats in Navi Mumbai here with 2 and 3 BHK configurations which can go up to Rs. 1 crore and even more depending on the project and builder in question. Nerul is being increasingly preferred by families and young professionals when it comes to buying low budget resale flats in Mumbai or even new properties which are well connected to major business hubs and social amenities.
Connectivity & Physical Infrastructure in Nerul
Nerul definitely wins brownie points in terms of connectivity. Nerul offers excellent railway connectivity. You can easily reach the CSMT within an hour from Nerul via the railway corridor. Nerul falls under the Harbour Line and you can also access the Andheri station within the same time without even changing trains. Nerul is also well connected to Thane through the Trans-Harbour Line. Connectivity has been majorly boosted with the start of the first phase of the Nerul-Uran railway line.
Nerul is accessible via the Sion-Panvel Highway, Uran Road and Palm Beach Road which are the three key highways going through Navi Mumbai. Nerul is steadily transforming into an upmarket destination and offers a robust BEST (Brihanmumbai Electric Supply and Transport) bus network which connects the area to Kalyan-Dombivali, Uran, Panvel, Thane and Mumbai. The inauguration of the first phase of the Seawoods-Darave-Uran line, as mentioned, has given a major connectivity boost for residents of Nerul while realty markets have also been boosted by the announcement of the upcoming Navi Mumbai International Airport. The first phase of the airport could be commissioned by December 2019 inclusive of a runway and terminal building.
The nearest railway station to this new airport will be Targhar which falls in the first phase of the Nerul-Uran railway line. Additionally, CIDCO is planning to develop a plot at Sector-27 in Nerul which will be a major mixed use development tagged to the Navi Mumbai International Airport. Nerul’s proximity to the new airport is expected to set off major infrastructural development including new roads, transit systems and social infrastructure in the coming days.
Social Infrastructure in Nerul
Nerul is a well-developed and planned locality in Navi Mumbai. It scores highly on the social infrastructure count as well. If you were planning to invest in low budget flats in Mumbai Borivali, you may want to check out options in Nerul as well. Here’s taking a look at the amenities on offer for residents.
Nerul is often referred to as the education hub of Navi Mumbai. Leading institutions like the Don Bosco Senior Secondary School, St. Xavier’s High School & Junior College of Science, DAV Public School, SIES College of Arts, Science & Commerce, Ramrao Adik Institute of Technology, Delhi Public School, Apeejay School, SBOA Public School, Ryan International School, DY Patil University, MGM Law College, Sterling College of Arts, Commerce & Science, Tilak Public School and the S.K. College of Science & Commerce are located here to name a few.
Nerul offers easy access to reputed hospitals like the Shushrusha Hospital, Harish Hospital & Multispecialty Clinic and the Raj Hospital among others.
The Seawoods Grand Central Mall is easily accessible from Nerul and so is the Inorbit Mall in Vashi. The Glomax Mall in Kharghar is also well connected to Nerul.
Nerul makes for an attractive investment proposition, particularly in terms of its growth prospects in the future.