The value of homes and mortgages in an area can determine the situation of the real estate market in the same area. The real estate market in India is growing up. There are states developing with good infrastructure and the markets looks competitive. This sector is divided into four segments like housing, retail, hospitality and commercial. The market size of the Indian real estate sector stood at US$ 55.6 billion in 2010–11 and is expected to touch US$ 180 billion by 2020.
Real estate investing is always an excellent way of earning and making a retirement income for the future. People in India have attachment to this country & any place in this country, they feel safe in most parts of the country at most of the times, So it is, people from all over the country investing or looking at few developed areas in the country, making way to a highly competitive market.
We all want to lead a comfortable life. We also look for the best in the most affordable rates. We all are aware that the property rates in Mumbai are sky rocketing. Mumbai is becoming over crowded day by day and hence it is next to impossible for a common man to find a perfect and spacious house with all the facilities within his budget. With such acute shortage of low-cost homes in Mumbai, consumers are headed to its outskirts in hope of finding an affordable home.
Real Estate Cities like Neral and Karjat
There are many places in India which are developing in terms of real estate and properties. In Maharashtra itself we have many new and upcoming real estate projects. If you are planning to buy your dream home in and around Mumbai, there are two places you should definitely check out.
One such place is Neral. Neral is a town in Raigad district in the Indian state of Maharashtra. Neral is a place which is the centre between Mumbai and Pune. Neral is one of the fastest growing cities. Neral falls under the MMRDA development zone. It has an amazingly varied topography.
Some of these are like scenic, verdant hills, farmhouses, resorts, training centres, engineering – medical – pharma colleges, boarding schools & paddy fields surrounded by tiny hamlets and villages. For investment point of view, it looks a good locality.
Another developing place is Karjat. Karjat is a city, a Municipal Council, a Tahsil and a sub-district in Raigad district in the Indian state of Maharashtra. Karjat is also a part of a Mumbai Metropolitan City. Upcoming Reliance SEZ, Navi Mumbai SEZ, International Airport (Panvel), largest exhibition center (Panvel) & Terminus Railway Stations (Panvel) is about 20 kms from Karjat.
Karjat is already supporting Mumbai’s overflowing population. Many people have invested in real estate properties in Karjat. Real estate in Karjat is a big business which has a fast go up appreciation potential and is warming up as a destination for the city inhabitant around it, where people invest on properties as holiday home or permanent residence. There has been a regular purchase of land to set up farm houses, small and big. There is a huge requirement for low cost accommodation and a desire among people for affordable houses.
While Vashi & Thane would remain the first choice for immigrants with big pockets to invest into properties, Neral & Karjat are attracting affordable housing buyers too. If Maharashtra government emphasizes on its plan to boost industry in this part of Mumbai suburb then things can definitely change and in the near future, we may get to see Neral and Karjat as one of the many business hubs in the country.
Real Estate Future of Neral and Karjat. Why should you buy?
The rates of Residential as well as Commercial land in Mumbai have always been sky-rocketing. It is very difficult to find a perfect house within the budget. The rates of the real estate properties in Neral and Karjat are affordable to a common man. It is low compared to the property prices in Mumbai, Navi Mumbai and Thane area. With its bright future ahead of us, investing in properties in Neral and Karjat is a smart choice.
Karjat and Neral belt offers the latest facilities like good schools and colleges, water supply, electricity, transportation, etc to its citizens. These cities are not too far away from Mumbai and is connected to the city through rail and major roads. It is, hence, easier to commute.
3. Nature and Getaway
Neral and Karjat are more connected to nature with greenery, pure air quality, beautiful landscapes and natural scenery. It is a wonderful option for a getaway from the crowded city. It is a perfect location for a family vacation.
As I said, this is a perfect place to invest. The real estate prices have been increasing and looking at the future of the Neral-Karjat belt, you would get some good returns to your investments. It is protected and secure region, encompassed by a good swarm.
5. Developing Belt
More and more real estate developers are investing in the Nearl and Karjat belt. The state government of Maharashtra has initiated several mega infrastructure projects which will help in the growth of property in Karjat and Neral.
Olympeo Infrastructure Pvt.Ltd and their upcoming Projects in Neral and Karjat
Olympeo Infrastructure is one of the best upcoming real estate property developers focusing on Affordable Housing. They have an amazing ongoing project called as Olympeo Riverside project. Olympeo Riverside is in the prime upcoming node of Neral-Karjat belt. Olympeo Riverside an integrated township spread over 40 Acres. It offers 1500+ apartments of Studio, 1BHK / 2BHK & 3 BHK. It is a gated Community with G+4 & G+7 Buildings with Lift. Sizes of the studio apartments will be 298 sq-ft., 1 BHK from 391-396 sq-ft., 2BHK in 560 sq-ft. and 3BHK in 694 sq-ft. in G+7 storeys. They have all the required approval and HDFC, LIC Housing Finance; DHFL etc. are funding this project. As per the developer, project possession date will be December’2017.
You can find more details about these projects on their website.
The Neral-Karjat belt is witnessing a revolution similar to the one that the Vasai-Virar belt saw over the last 10 years. The future looks bright for Neral and Karjat and you don’t need to think twice before investing in the real estate of this area. Olympeo is your safest investment bet in Neral-Karjat real-estate.