Buying a house in Mumbai’s plush localities seems like a far-fetched dream for an average earning person. Even the central Mumbai properties are out of reach for many. That’s when the upcoming suburbs come into the picture to save the day. One such hub is Taloja in Navi Mumbai. The suburb offers affordable housing options with great infrastructure and smooth connectivity to the rest of Mumbai.
With close proximity to Kharghar which is the Central Business District of Navi Mumbai, Taloja is emerging as one of the preferred locations for many property seekers. Also, the upcoming International Airport at Panvel is throwing a lot of attention on Taloja’s residential places, as the airport will be at a distance of about 15 kms from the locality.
Though currently Railways offer an excellent connectivity, the construction of Phase I of Navi Mumbai Metro between Belapur to Pendhar which will further meet Taloja will also make lives easier for people. The phase II will connect the MIDC and Taloja to Khandeshwar. Also, located closer to NH 4 and Old Mumbai-Pune Highway, Taloja makes travelling to Mumbai, Pune and Thane more convenient.
Though the property of Badlapur, Karjat and Taloja are almost in equal range, people are still opting for the latter. Experts believe the reason behind this is that in comparison to Talopja, other parts of Mumbai don’t have any economic drive to pull potential buyers.
Currently, 1 and 2-BHK units are the most preferred in Taloja. Further, contingent on the size of the house, costs of 1-BHK units differ from Rs 14-30 lakh. However, a 2-BHK unit, with sizes changing from 900-1,200 sq ft, would be accessible in Rs 20-60 lakh, contingent on the brand of the developer and the location. Also, 1-RK units are additionally prevalent and cost Rs 15-20 lakh.
With many malls, colleges, international schools, educational institutes, parks and hospitals dotted across the city, Taloja is emerging as the winner when it comes to providing perfect social infrastructure.
At present, values in Taloja are Rs 3,500-4,500 for every sq ft, which are expected to elevate to Rs 7,000-8,000 for each sq ft, considering the upcoming developments, projects like Enkay Garden and the forthcoming infrastructure. Looking at the current scenario, end-users have outnumbered investors. Since many believe that instead of paying rent, he can buy his own house. Hence the number of potential investors is on the rise. Thus, we believe that investing in Taloja would be a smart decision.