Best Locations to rent a house near Vashi, Navi Mumbai

Rentals in Vashi, a significant commercial hub in Navi Mumbai, have been continuously rising in response to the rising demand for residential spaces in Navi Mumbai.

Even yet, there are several places nearby, such as Kharghar, CBD Belapur, and New Panvel, where you may rent a property for less than Rs 15,000 per month.

Vashi is a well-developed neighborhood in Navi Mumbai, with a burgeoning real estate market thanks to good social infrastructure. Navi Mumbai’s demand is expected to rise in the coming years as a result of growth drivers such as the Navi Mumbai International Airport (NMIA), the Mumbai Trans-Harbour Link (MTHL), the Navi Mumbai Metro, affordability, prudent town planning, and a lack of air and noise pollution compared to Mumbai.

The inexpensive part will account for a large portion of this increased demand. While finding a house to rent for less than Rs 15,000 per month in Vashi is tough, there are three other adjacent areas with comparable infrastructure that may be regarded as viable options.

Belapur

Due to the availability of business and residential projects, Belapur, also known as CBD Belapur, is one of Navi Mumbai’s fastest-growing districts. In the eastern half of Belapur, there are more residential developments than commercial projects, however, in the western section, the ratio is reversed.The majority of the available inventory in Belapur is residential flats, with numerous substantially built 1 BHK units available for a monthly rent of Rs 15,000 or less. According to the Mumbai Insite Report for October and December 2020, the average weighted rental ‘asks’ are about Rs 27 per sq ft.

The commercial center is within a five-minute drive from Belapur’s residential section, making it ideal for working professionals in the area. Vashi and Panvel have business complexes that are only 18 and 21 minutes distant, respectively.

New Panvel

Locals refer to New Panvel as Khanda Colony since it was built on marshy plains by the City and Industrial Development Corporation of Maharashtra (CIDCO) in response to land shortage difficulties in Panvel. As a result, New Panvel has benefited from careful planning, as opposed to Panvel, which evolved more haphazardly in response to rising population numbers. The majority of New Panvel’s inventory is made up of residential flats. In New Panvel, a well-built 2 BHK residential apartment with a carpeted space of roughly 600 sq ft to 1,000 sq ft may readily be found for less than Rs 15,000 per month. The average weighted rental ‘asks’ in New Panvel, according to Mumbai Insite Report Oct-Dec 2020, are roughly Rs 13 per sq ft. New Panvel is around 16 minutes from the CBD of Belapur and 26 minutes from Vashi’s business sector.

Kharghar

Although Kharghar is predominantly a residential suburb, it also contains several prestigious educational institutions, earning it the moniker of Navi Mumbai’s “education capital.” Students enrolled in local higher education institutions and working professionals engaged in enterprises in Vashi, CBD Belapur, and Panvel make up the majority of Kharghar’s populace. Kharghar also benefits from the wealth of nature, with wide swaths of green area and good weather. Apartments make up the majority of the residential inventory in Kharghar. According to the Mumbai Insite Report for October and December 2020, average rental requests are approximately Rs 19 per sq ft. Between Rs 7,200 and Rs 15,000 per month, well-built 1 BHK flats with a carpeted space of 380 sq ft to 800 sq ft are available for rent. After Vashi, Bandra-Kurla Complex, Nariman Point, and Worli, Kharghar is around eight minutes away from the Central Business District Belapur (CBD Belapur). Various business firms and government administrative agencies are located in the CBD of Belapur.

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