Navi Mumbai has witnessed a 25% growth in property prices over the past year, driven by the rapid infrastructure development in the region. According to a report by Livemint, the development of new roads, bridges, and transportation systems has made Navi Mumbai an attractive destination for homebuyers and investors.
The report also found that the demand for commercial space has increased by 30%, with areas like Vashi and Belapur witnessing the highest growth. Developers such as DLF and Unitech are launching new projects in the region, with prices ranging from ₹50 lakh to ₹2 crore.
Channel partners such as brokerage firms and property consultants are also seeing an increase in business, with commissions ranging from 2% to 5% of the total property value. As the infrastructure development continues, experts predict that Navi Mumbai will emerge as a major hub for real estate activity in the MMR region.
