The property market in Navi Mumbai is booming, with a 20% rise in sales over the past quarter. According to a report, the region has seen a significant increase in demand for affordable housing, with many homebuyers opting for properties in the ₹50-75 lakh range. Developers such as Tata Housing and Godrej Properties have reported a significant increase in sales, with the latter selling over 1,000 units in its project in Kharghar, Navi Mumbai.
The rise in sales can be attributed to the improved infrastructure and connectivity in the region, with the upcoming airport and SEZ expected to boost the economy. Channel partners such as Magicbricks and 99acres have also reported a surge in inquiries and bookings, with many homebuyers looking for properties in the region. As the sector continues to grow, experts predict a steady rise in sales and a potential increase in property prices over the next quarter.
In terms of hiring, real estate companies are looking to fill roles such as sales executives and customer relationship managers, with salaries ranging from ₹6-10 lakh per annum. With the growth of the sector, there will be a need for skilled professionals to manage and develop properties, making it an attractive career option for many. The property market in Navi Mumbai is expected to continue to drive growth in the real estate sector, with locations such as Panvel and Kalyan emerging as new hubs for development
