Sanpada: A well-known investment destination in Navi Mumbai
In the last 3-5 years, homebuyers have been drawn to Sanpada in Navi Mumbai.
The micro-market has benefited from a constant rate of capital appreciation, as well as industrial expansions, increased supply of ready dwellings, and seamless connectivity, making it, after Belapur and Vashi, a viable investment location in Navi Mumbai.
Sanpada is a posh residential neighbourhood in Navi Mumbai that has benefited from the Mumbai-Pune Highway’s excellent connection to Mumbai and Pune. Apartment complexes and cooperative housing societies dominate the neighbourhood, which are comparatively inexpensive in comparison to Mumbai.
“Real estate momentum in Sanpada, as opposed to the rest of Navi Mumbai, has grown due to more businesses migrating to the region from neighbouring cities,” says Mohanlal Maurya, Owner, Millenium Estate Consultant, Sanpada. Its expansion has been aided by its reputation as a well-organized, self-sufficient community that is vast yet not crowded. Furthermore, the area’s business market has benefited from considerably cheaper leasing rates. After the City and Industrial Development Corporation (CIDCO) announced a plan under the Pradhan Mantri Awaas Yojana (PMAY) to construct one lakh affordable dwellings in 2019, Sanpada saw a real estate boom.”
Sanpada is especially attractive to house buyers because of its closeness to the CBDs of Belapur (15 km), Ulwe (12 km), and Taloja MIDC (18 km). Furthermore, the presence of well-known developers such as Goodwill Developers, Seawood Developers, and Tritan Real Infra Builders, who provide a variety of residential configurations in various mid-segment and luxury buildings, adds to the area’s allure.
Real estate investment in Sanpada, Navi Mumbai, is influenced by a number of factors.
- Seamless connectivity
Sanpada is roughly 18 kilometres from Mumbai, India’s financial hub. The Mumbai-Pune Highway provides direct access to key destinations in both cities, as well as Navi Mumbai. Palm Beach Road and Thane-Belapur Road are two more important routes that guarantee a broad reach. Sanpada has risen to prominence as a noteworthy location for industrial groups such as the Maharashtra Industrial Development Corporation (MIDC) to operate from.
A dedicated train station on the Harbour Line is also an important mode of transportation for people in Sanpada, in addition to seamless road access. The railway station links the area to the Chhatrapati Shivaji International Airport (23 km), the Chhatrapati Shivaji Terminus (32 km), Panvel (20 km), and Thane (20 km) (20 km). The under-construction Navi Mumbai International Airport (23 km), which is planned to open in 2023, will also be a key development engine for the region. Industry insiders predict that the aerodrome will be the centre of attention, attracting investors from all around the world.
- Nearby employment hubs
Sanpada, like Vashi and CBD Belapur, is a landlocked area with a highway and a railway line on either side. It also has a few commercial office complexes with reputable companies such as the State Bank of India (SBI), Future Generali India Insurance Company Ltd, Muthoot Finance Ltd, and ICICI Securities Ltd. The Kesar Solitaire, the Affaires Building, the DBS Business Center, the G-Square Business Park, and the Vashi Infotech Park are among the nearby office complexes. Sanpada is also close to numerous notable employment centres, including International Infotech Park (3 km), Haware Fantasia Business Park (2 km), Platinum Techno Park (3 km), and Millenium Business Park (3 km) (8 km). These commercial clusters work together to help Sanpada meet its expanding housing demand.
- Sanpada’s social infrastructure
Sanpada has a well-planned social infrastructure that gives residents a sense of belonging and identity.
| Schools | Hospitals | Retail avenues |
| Ryan International School | MPCT Hospital | Inorbit Mall |
| Sadhu Vaswani International School | MGM New Bombay Hospital | Raghuleela Mall |
| Western College of Commerce and Business Management | Shushrusha Hospital | Seawoods Grand Central Mall |
- Price Trends
The eight percent increase in property prices in Sanpada over the previous three years, according to Sijo Sunny, Director, National Builders, Navi Mumbai, is a solid sign of the area’s investment potential. Furthermore, property costs in Sanpada start at Rs 900 per sq ft, with an average of Rs 15,000 per sq ft. As a result, the prices imply that now is a good time to purchase or sell property in Navi Mumbai’s Sanpada neighbourhood.
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.
