Kharghar is located on the northern tip of Mumbai and offers a lush green environment to reside at. This smart city is planned and developed by CIDCO i.e. the City and Industrial Development Corporation. Kharghar is a plush locality of Navi Mumbai and the infrastructure development that began in 1995 has accelerated and today a large number of residential and commercial projects are here.
1. Social Infrastructure
The biggest reason to invest in Kharghar is its social infrastructure. The generous amount of housing inventory, smooth connectivity and the availability of reputed educational institutions make property investment worth here. The social infrastructure comprises of multiple things like secure living area, friendly neighbourhood, close proximity to hospitals and workplaces. Kharghar has it all and thus the decision to buy a property here is a wise one.
2. Planned Expansion
Another positive thing about Kharghar is its planned expansion. The presence of residential and commercial projects in accordance to the planned infrastructural development like wide-roads, Central park, Golf Course and the tranquil environment for living make Kharghar a smart option for the homebuyers. The two major proposals that include connectivity to Mumbai via metro and a six-lane corridor that will connect to the proposed international airport in Navi Mumbai are leading Kharghar to high-end living in the coming times.
Hence, owning a home in this locality today is a decision that will allow you to experience world-class living tomorrow.
3. Property Price
The property market of Kharghar is witnessing increasing trend from the past sometime. The capital unit value in the city stands at Rs. 7,500 and Rs. 10,000 per sqft. The 1BHk unit is available on a monthly rental between Rs. 8,000 and Rs. 11,000. Similarly, the monthly rental for 2BHk and 3BHk in Kharghar costs between Rs. 15,000 and Rs. 20,000 and Rs. 23,000 and Rs. 28,000 respectively.
The real estate experts feel that the property prices in both capital and rental values are going to rise by 30-40 percent and 20-25 percent respectively. This is a prediction made by the experts as a number of infrastructural projects are proposed here in Kharghar and all these will make living a classy affair.
4. Educational Hub
Kharghar offers various reputed educational establishments where the young brains can explore the opportunities to grow as a professional. NIFT i.e. the National Institute of Fashion Technology, Bharati Vidyapeeth College of Engineering and Architecture are the few to name. Apart from this, the number of fine-dine restaurants, colleges and schools make Kharghar a perfect place to living.
The city offers smooth connectivity to Belapur, Panvel, and Nerul via the Harbour line of suburban railway network. It takes only an hour to reach central Mumbai from Kharghar and the Sion –Panvel highway is the important connect to reach various destinations. The city is also connected to CBD Belapur, Vashi and Taloja industrial hub. Kharghar is preferred mostly by the IT professionals as they wish to experience world-class living in a peaceful environment also close to nature. The city is at a distance of 35kms from the Chhatrapati Shivaji International Airport, Mumbai.