Naigaon, Mumbai’s real estate market is trending! : Locality Overview

Naigaon, famed for Toddy (Palm Wine), is a hamlet in Maharashtra’s Palghar district. The same name also refers to a railway station on the Mumbai suburban railway’s Western Line. This neighbourhood, like others in Mumbai, is separated between East and West zones. Chandika Devi Temple is located on the eastern side. West Naigaon, on the other hand, offers several residential neighbourhoods such as Mariam Nagar, Amol Nagar, Dias and Pereira Nagar, among others. For a long period, the region was ruled by the Portuguese, and the culture was comparable. The Vasai-Virar City Municipal Corporation (VVMC) now oversees the area. The exceptional connection of this neighbourhood offers a strong basis for its expanding home demand. Furthermore, the municipal corporation’s projected infrastructure enhancements would help to drive the Naigaon investment trend.

What is the situation of the real estate market in Naigaon?

Home prices in Naigaon have risen by 10% year on year, and now average roughly Rs 6,700 per square foot. Yet, the rates are still cheaper than in the Mira Road neighbourhood, where prices average roughly Rs 11,000 per square foot (Source: inder report). Given the demand and supply, 1 BHK housing layouts are the most popular in this neighbourhood.

The neighbourhood is seeing a move towards luxury real estate, with several high-end prospects appearing gradually. Naigaon is a premium area for ambitious homeowners since the residential buildings in the Mumbai Suburban region offer high-end facilities at competitive pricing. Residents additionally benefit from improved air quality and less pollution while being linked to all amenities.

Goel Estates’ owner, Aashish Goel, says, “This neighbourhood is deemed perfect for most middle-class individuals because of its low rental and capital rates. The rates vary according to the location of the house. If you wish to acquire a home here, there are many resale homes available, and the prices are low in comparison to other areas “.

The monthly rent for a 1 BHK property in Naigaon is between Rs 6,000 and Rs 15,000, depending on the project, furniture, and location. 

What are the experts’ thoughts on the Naigaon real estate market?

Sunteck Realty User Experience Evangelist Anupma Khetan says, “Naigaon has swiftly positioned itself as a real estate destination for luxury and recreational homes. Continuous infrastructural enhancements and easy access to other regions of the city have fueled the city’s rapid expansion. Also, the neighbourhood has a lot of lush vegetation, which is a treat for the senses.”

Savio Fernandes, Dream Properties’ proprietor, says, “Now is an excellent moment to invest in Naigaon since multiple new housing societies are opening at affordable costs. With the potential upcoming initiatives, Naigaon is poised to become the next destination for those wishing to invest their hard-earned money “.

How is Naigaon’s road and transportation infrastructure?

The neighbourhood is getting more linked, making it an appealing place to live. Naigaon East Railway Station, which is part of the Western Line, is only a five-minute drive away, and Juchandra Train Station, which is part of the Vasai Road-Diva-Panvel Route (Central Line), is a five-minute walk away. Moreover, the East-West Bridge joins Naigaon East and West, making Vasai accessible. Commuters will benefit greatly from the forthcoming rail overbridge at the Juchandra and Tivri crossings. In addition, the five-kilometer-long six-lane Bhayander-Naigaon Sea Connection would link to the Mumbai-Ahmedabad National Highway 48, making travelling even easier. 

Online Ranking Of Naigaon ?

Naigaon has a rating of 4.1 out of 5 on online Ratings & Reviews Portal. People have praised the ‘low pollution levels’ and ‘excellent social infrastructure’ in this community. Their main worries, though, are the lack of metro connectivity and traffic congestion in some areas.

As a resident of Naigaon, Ruchi Jha says, “Homes are less expensive here than on Mira Road, making it an ideal location for those looking to purchase their first residence. Here, all internet businesses deliver. It’s also incredibly serene and safe here, with less pollution. Because the roads are well-kept, there is no flooding during the rainy season. Yet, the neighbourhood is still in the early stages of development. As a result, there are no malls or large retail centres. Peak-hour traffic is also a serious issue.”

Property market growth is expected to play a significant part in the rise of land prices in Naigaon, making the location appealing to potential investors and ambitious purchasers seeking advantageous returns on their investments.

What did locals think about Naigaon?

Naigaon has a rating of 4.1 out of 5 on the insider Ratings and Reviews Portal. People have praised the ‘low pollution levels’ and ‘excellent social infrastructure’ in this community. Their main worries, though, are the lack of metro connectivity and traffic congestion in some areas.

“Homes are cheaper here than on Mira Road, therefore it’s an excellent spot for folks who want to purchase their first home,” says Ruchi Jha, a resident of Naigaon. Here, all internet businesses deliver. It’s also incredibly serene and safe here, with less pollution. Because the roads are well-kept, there is no flooding during the rainy season. Yet, the neighbourhood is still in the early stages of development. As a result, there are no malls or large retail centres. Peak-hour traffic is also a serious issue.”

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.