A complete coverage on Kharghar property market

According to the Ministry of Housing & Urban Affairs 2018, the second most inhabitable city in India, Kharghar, has become the hot spot for residential and commercial investors. It is a growing city with an exceeding number of real estate projects and is one of the 14 nodes of Navi Mumbai, being developed by CIDCO.

Connected by the Mumbai-Pune highway & Panvel Road (NH-48), the location seems to benefit from the highway-led advancement greatly. Moreover, Kharghar happens to be the third-largest developed city, followed by Vashi and Nerul with an estimated 50,000 accommodations.

Despite having one of the most challenging geographic structures, the area appeared to be significantly cultivated by the State government. As for the year 2021, the region is pretty quickly turning into a real estate junction for industrial investors and standard living people.

Real estate advancement Kharghar in 2021

As mentioned, Kharghar has seen quite a good surge of real estate projects over the years. It is one of the suburban areas with a large portion of rural settings, yet possesses a great residential neighborhood with decent social infrastructure. 

Although the area is mainly built on residential projects, commercial advancement has become an outgrowing part of the city’s real estate development. People, now more than before, are inclined to buy flats in Kharghar because of the facilities they offer. As the city is gradually sliding into a posh setting, apartments in Kharghar are being sold well-furnished with the latest designs.

Additionally, the prevailing under-construction projects, including Navi Mumbai International Airport and Mumbai Trans Harbour Link, will enable the commercial expansion to a whole other level. There are also projects such as the Metro line 1, connecting CBD Belapur to NAINA will add on the benefits as well as estate prices in Kharghar in 2021. 

As for the residential development, the micro-market, and the upcoming BKC 2 complex, along with a 119 Ha corporate park, will most definitely affect the purchasing rate of buyers in Kharghar.

Employment status in Kharghar

The region falls under many great projects due to its social infrastructure and ample vastness of both rural and urban lands. Therefore, the industrial development in this area has been growing and continues to expand to a large scale. This being one of the primary reasons, the employment status in Kharghar keeps on cultivating to a different level.

• The topmost industrial corporations in this region are Vapco Engineers Pvt Ltd, Jaypee Cements, Gajra Group, etc.
• The commercial Center, Vikhroli, is 15 km away.
• The distance of Reliance Corporate Park is just 18 km away.
• The standard remuneration of teachers is 3,00,000 – 4,00,000 PA in Kharghar.
• Vaccines for Bank jobs, account receivables, and payables with 1,00,000 – 1,25,000 PA.

Residential & Commercial price trends

Being the third most developed city in Navi Mumbai, Kharghar’s real estate projects surely offer pricey models to both residential and commercial buyers. However, there’s more to this matter.

For residential buildings and housing complexes, Kharghar’s 1 BHK, 2 BHK, and 3 BHK flats are priced at 8,270 per sq yard on an average. The lowest rate sometimes goes below 6,000 per sq yard, and the highest stays around 9,200 per sq yard.

Nevertheless, it is a pretty good deal to snatch as the rates are only increasing day-to-day as well as the numbers of buyers. However, for the commercial price rates, there is no set price to claim in this area and must be well surveyed before purchasing.

Reasons why Kharghar is the best place to invest

After knowing the vast development of this area, the question is, why not invest in Kharghar. Due to its progression in residential projects, which then led to both commercial & industrial development, Kharghar has caught the eyes of investors from around the world. The place which has always been occupied with great social infrastructure is now home to many reputed schools, colleges, and industrial centers. Moreover, the upcoming projects that make Kharghar the junction of millions of daily passengers add another reason for people to invest in this region.

Be it the proposed Metro Line 1 or the new Parsik Tunnel, and these new projects lead to price expansion and a shorter time to purchase real estate projects in Kharghar. Nevertheless, there are still a few issues to be taken care of by the State government of Kharghar. Systematic power cuts along with water storage issues have bothered the inhabitants of Kharghar in the past. Yet, these are some minor fatalities that happen even in the most perfect cities and would be stabilized in the coming years. Therefore, looking at the steady advancement of this region, it is undoubtedly the best place to lay one’s real estate investments.

FAQs On Kharghar property market

1. Is Kharghar safe?

Possibly, out of all places in Navi Mumbai, Kharghar is the safest locality to live in. It has a low crime rate in almost every area, and the neighborhood is family-friendly. People who live here seem to maintain a healthy and prosperous life.

2. Is Kharghar a posh area?

Yes, Kharghar is one of the poshest regions in Navi Mumbai. Although the geometric structure of this locale occupies lands of a rural setting, the extraordinary scenic beauty of Kharghar, surrounded by hills and waterfalls, makes the region very posh. Moreover, with the growing infrastructure along with national highways and one Airport in the making, Kharghar possesses extreme conveniences for its residents.

3. Why is Kharghar best?

Kharghar is considered to be the best area to live in Navi Mumbai because of its extravagant locality. Moreover, the basic amenities, including schools, colleges, environment-friendly parks, employment areas as well as road connectivity, and transport convenience, make this place the best residential neighborhood.

4. Which is the best society in Kharghar?

As for the best residential societies to live in Kharghar, there are plenty of them. However, a few of the most popular ones will be Balaji Symphony, Hyde Park, Milap Society, Regency Garden, etc.

Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.