A comprehensive overview of Taloja property market
Real estate investors in Navi Mumbai search for budget-friendly localities that offer suitable commercial activities, connectivity’s, and social infrastructures. From the past few decades, areas situated in the outskirts of Mumbai are growing or developing rapidly, and one such area is Taloja.
What’s around Taloja?
The neighboring locality of Kharghar, Taloja, is considered the next important residential and commercial destination in the suburbs of Navi Mumbai that offers you good exponential and incremental appreciation. It is situated near National Highway- 4, a node in Navi Mumbai, seeing rapid residential and industrial development.
What’s more?
Taloja is considered a budget-friendly locality situated in the suburb area of Mumbai and about 5 km away from Kharghar; it is an affordable alternative for average home seekers. It is the latest development directed by CIDCO (City and Industrial Development Corporation of Maharashtra) and Mumbai Metropolitan Regional Development Authority (MMRD). The Project is equipped with a 24*7 water and power supply, an overbridge for connectivity from Taloja to Kharghar, Metro stations, international airports, and reasonable property rates are some of the fringe benefits that investors would haven’t like to miss out on.
Following is a detailed overview of why one should invest in the Taloja Property Market:
Connectivity
Taloja is segregated into 2 phases, i.e., Phase 1 and Phase 2. Being close to National Highway-4, Taloja offers good connectivity to Sion-Panvel Highways and links Kalyan and Dombivili via highway roads. This allows easy convenience to travel from Taloja to Pune, Mumbai (35 km away), and Thane (30km away). The nearest highway connects Taloja to significant parts of the city via Panvel road/MIDC road as well.
Taloja also has its railway station on the Shuttle Line at a distance of 8.4 km away, connecting you to Central and Navi Mumbai, providing the frequency of train around 45 min to 1 hour. The rail route also offers good connectivity to and from Vasai-Diva-Panvel.
Coming on to Metro rail connectivity that is 22 km away offers you to link Taloja directly to the central line of Mumbai. The construction of the phase-I Navi Mumbai Metro line between Belapur to Pendhar that further meets Taloja and Phase II will connect MIDC and Taloja to Khandeshwar; this increases the chances of good appreciation prices in the future.
Apart from this, Taloja’s connectivity with Navi Mumbai International Airport is barely 20 min aways, which makes the locality more convenient to the people; other nearby airports include Chattrapati Shivaji Maharaj International Airport (which is 40 km away) and Mumbai’s domestic airports, which are 30-35km away.
Remarkably, Taloja does enjoy good connectivity due to its roadways, railways, and metro connectivity, which offers real estate investors the ability for appreciation to grow much better in the future.
Social amenities and infrastructures
Taloja offers you well-developed educational, health services, and recreational spaces that are the requisite facilities of any locality. Few educational institutions play a major role in the development of the locality, such as Carmel Convent High School, Sanjeevani International School, Sheth High School, Zila Parishad Primary School, and many other famous educational centers that are in and around Taloja.
Health Care service centers in the locality include- Suasth Healthcare India, Medicity Hospital, Sanjeevani Hospital, Ratnakar Hospital, and others that are within (5-10km) away from the locality.
Taloja also offers recreational spaces that are 4km drive from the locality, such as 119 hectares central park, 18 holes international facility golf course, Pandavkadha waterfall, ISCKON temple, Utsav Chowk, and malls including Inox and Little world are other central attractions for social complex amenities.
There are other major employment hubs, including the Hindustan Kohinoor Industrial complex, Hindalco Industries Ltd, Apcotex Industrial Ltd, etc. are some of the major employment hubs which allow the locality to witness an increase in population in the coming years and thus, considered as the good exponential and incremental growth for the real estate investors.
Taloja is growing every day with its developing social amenities that draw more residents to the area. With its proximity to Kharghar, Taloja is expecting greater attention and opportunity in the real estate field. Thus, owning property in and around Taloja can be a good Call to Action.
Properties available
Properties available in Taloja are half the price available in Kharghar. The presence of some industrial companies also increased home buyers’ demand in Taloja. Hence, it can be considered as a long-term investment in Taloja for real estate agents. Coming on to properties available in Taloja based on the location and environment around the area:
1BHK comprises 530-740 sq ft and costs between Rs. 25 Lakhs – 48 Lakhs, and its monthly rental includes pricing Rs. 6000 per month approx.
3 BHK comprises 1000-1600 sq ft and ranges between Rs. 70 Lakhs – 75 Lakhs, and its monthly rental includes pricing of Rs. 11,500 per month approx.
It is noted that 1 BHK in Taloja is 75% in demand while 2BHK is 24% and 3BHK is only 1% in demand. There is also no shortage of basic facilities such as electricity and water supply, which is the primary requisite for urbanization in any area. The property price rise in Taloja is steady, and the increased steadfast appreciation in property prices makes Taloja desirable for the home buyers and investors to buy a property here.
Upcoming projects
There are few upcoming projects that developers are interested in developing in the area, which possibly increases the chance of making the locality recognizable and gives exponential returns to investors. Since the land is available in abundance and cheaper than Kharghar, developers are interested in drawing luxurious properties or flats in Taloja. Another one is the BKC-2 Project, where the biggest IT parks are going to get launched near Taloja, hence indicating the rise in price appreciation in the coming years. Apart from this, the new upcoming Navi Mumbai International Airport and Trans-Harbour Sea Link projects by CIDCO are the projects that are gaining attention all over the world to invest in Taloja as this will propel capital prices in the future. More projects like Mahavir Universal Kamdhenu Avenue, Mahavir Universal Majesty, Shelter Builders Riverside, and Reliable Balaji Aura are also expected to give rise in capital appreciation for the real estate investors.
Above were the 4 Requisites that one should look at before investing in Taloja Real Estates. It is advisable to seek advice and thorough research before investing.
FAQs
Q1. Which is the best place to Invest in Navi Mumbai?
If you are looking to invest in and around Navi Mumbai then, Ulwe, Dronagiri, Panvel, Kharghar, and Taloja are considered as good investment places.
Q2. Is Taloja a good investment?
It is considered that the upcoming proposed projects such as airport, project overbridge, metro, etc., will give price appreciation in return to the investors in the coming years. Hence, it will give you good incremental and exponential growth.
Q3. What is the future of Taloja?
Taloja is the locality near Kharghar, which is already a developed area. Hence, it is being said that Taloja will expect the same and well-planned and developed social infrastructure and luxurious flats/properties. Also, with the promising development projects, it can be said that the future of Taloja will expect a peak rise in the coming years as it is a profitable residential option among buyers and investors.
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.
