Exploring Real Estate Novelties In Ghansoli

For anyone making a dig at the real estate domain of Navi Mumbai, you need to remember that the dual-edged, equidistant suburbs of Ghansoli, Sanpada and Vashi continue to be viable residential markets. People prefer these locations/areas due to their proximity to the mainframe commercial centre. However, while some consider Sanpada as suitable for homeowners and end users, you have Ghansoli, which is gradually emerging as a haven for real estate investment. Property values of this place hold center-stage in this regard. It is much more affordable as compared to neighboring Sanpada. It provides an edge and precedent for future price appreciation.

The main capital appreciation

The scope and nature of capital appreciation is a pivotal feature in this context. With skyrocketing property values dovetailing into eccentric heights in Sanpada, you will not find much scope or space for capital appreciation there. Industry insiders opine that property rates in Sanpada have reached their zenith and there is no chance of further appreciation in capital. Moreover, it has now become a saturated area with no new developments taking place. This factors is in sharp contrast with Ghansoli, which is witnessing a flurry of residential and commercial mushrooming at a fast pace. These are both recent constructions and modifications of existing ones.

The investment gamut

Investors can expect an annual escalation of Rs 2, 000- Rs 3, 500 per square feet here. According to data compiled by leading real estate observers, Ghansoli entails a capital appreciation of more than 20% in the last two years. You can buy a 1000 sq ft apartment for Rs 73-87 lakh here. The same is available for more than 1 crore in Sanpada. In Ghansoli, you can get 1 BHK apartments of 480-560 sq ft per area. It can fit into a moderate of Rs 40 lakh, which signifies the middle-income group. Surprisingly, you cannot find any property in that range in Sanpada.

The availability aspect

Considering the wide prospects and aspects of this viable locality, you have several leading developers and builders who are coming up with an array of commercial and residential projects in Ghansoli. They are building new blocks, townships, sectors and private parks. Capitalizing on the pulse of the current market, these developers are focusing on constructing residential units for the middle income end-users and homebuyers. They seek apartments in a tight budget of Rs.30 lakh-Rs.1.5 crore. The property configurations include 1 and 2 BHK flats in Ghansoli. The units range from 500-1000 sq feet. These are the popular choices here.

Connectivity standards

Talking about connectivity and conveyance standards, Ghansoli enjoys a smooth access to the tinsel town of India. It has a superb rail and road network, which adds to the market essence. Investors look for these factors because people can come in and move out in ease. Owing to the well-built connectivity to the main city and an effective, excellent transport system, Ghansoli have emerged as a very popular residential hotspot in Navi Mumbai. With sufficient public transport available throughout the week, the localities of Ghansoli provide fantastic infrastructural amenities like hospital, schools and entertainment centers.