Airoli is Buzzing – A lucrative opportunity for investment

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By Rohit Sharma

Centrally located amongst almost 10 commercial business and IT parks, Airoli offers panoramic views and excellent connectivity from Powai and BKC

Nestled in the serene environment of Navi Mumbai, Airoli is the latest buzz word in the Mumbai Metropolitan Region. Located only a few kilometres from Mumbai and Thane city, the rapidly developing location has been a hit among the discerning home buyers who aspire to live in a well- developed yet tranquil surroundings. A perfect combination of a place that offers the right mix of residential and commercial development, Airoli is a sure win for buyers who wish for a work-life balance.

Less than an hour’s drive from the currently developed international airport, the growth in the location has achieved new heights surpassing the growth rate of any other location.

Connectivity:

The location is well connected by road and rail with the two major central business districts- Powai is 20 mins away and BKC 25 mins drive from Airoli. Nahur Station is only 10 mins away and Airoli station is 8 minutes. Being centrally located, Airoli is also few km away from the newly developed business centres like the Mindspace SEZ and Dhirubhai Ambani Knowledge City (DAKC). The location also has good connectivity to the western suburbs due to the presence of Jogeshwari Vikhroli link road and the Goregaon Mulund link road.

Being located in the heart of Navi Mumbai- a rapidly booming destination in MMR, Airoli is sure to become a crucial growth corridor in the region. Development of metro from Belapur to Khandeshwar, upcoming Mumbai Trans Harbour link connecting South Mumbai to Navi Mumbai, flyover connecting Airoli to Dombivli and JVLR- Koparkhairene- Ghansoli Bridge connectivity will make an investment in Airoli a profitable opportunity.

Commercial Business centres:

There are around 10 commercial businesses and IT Parks in the vicinity which includes MIDC Tech Park, Patni Knowledge Park, Reliance Corporate Park, DAKC, Reliance Corporate Park and Mindspace. The location has no dearth of job opportunities for the educated and the well-heeled. Over 10,000 jobs alone are proposed to be created by IKEA India, a Swedish home furnishing retailer in Navi Mumbai.

Property Rates: The property rate in Airoli has tripled in the past decade. The property prices have grown tremendously, especially after the announcement of the Navi Mumbai International Airport. With the development proposed in Airoli and in the nearby cities, Airoli is bound to lead in rising of property value in the years to come by. The middle-income group and higher income group are the main target audience of any builder in Airoli. The price for 1 BHK varies from Rs 26 lakh to Rs 75 lakh with the average price of Rs 50 lakh. The floor price is Rs 7,500 to Rs 9,800 per sq.ft.

The 2 BHK price comes under the bracket of Rs 85 lakh to Rs 1.75 crores. The floor rates are Rs 11000 to Rs 14345 per sq.ft. The price may differ as per the sector wise.

Panoramic Landscapes & Infrastructure development: Being developed by CIDCO, Airoli is one of the best-developed suburbs with wide roads, ample open spaces, greenery and panoramic water views of the Airoli creek. A flamingo bird sanctuary on the creek side of Airoli- Mulund Bridge provides a distinct identity to the suburb that makes its dwellers pride of their residence.

Social Infrastructure: The suburb has a long list of educational institutions such as St. Xavier’s High School, New Horizon Scholar’s Academy, DAV School, VIBGYOR High School, Euro School etc. that provide education at par with global standards. Health care centres and renowned hospitals are a few kilometres in this location. Departmental and shopping centres such as R-Mall, Viviana Mall, Korum Mall, D-mart are closely located that enables the dwellers to enjoy their life in this suburb.

Real Estate giants like Sunteck Realty, RNA Builders, Sadguru Infraprojects, Krishna Group, etc are upcoming with the projects in Airoli.





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