Mumbai Properties

Navi Mumbai is the world's largest planned city with 163 square kilometres (63 sq mi)

. It was developed in 1972 as a twin city of Mumbai. Navi Mumbai lies on the mainland on the eastern shore of Thane Creek. The length of the city is pretty much the same as that of Mumbai. The Vashi and the Airoli Bridges connect Navi Mumbai to Mumbai. A new link between Nerul and Uran is under construction. The costliest real estate and most highly developed areas of Navi Mumbai are Vashi and Nerul, while Kharghar and Panvel are experiencing major infrastructural developments due to their proximity to the proposed Navi Mumbai International Airport. South Navi Mumbai is being developed swiftly with its class infrastructure and current nodes of Kharghar, Kamothe, New Panvel and Kalamboli.

The City and Industrial Development Corporation (CIDCO) was formed on 17 March 1971, under the Indian Companies Act, 1956. It was given the mandate of converting about 344 square kilometres (133 sq mi) of marshy land lying between the village of Dighe in Thane district and the village of Kalundre of Raigad district into a new city. Navi Mumbai railway stations are constructed by CIDCO with a well prepared and created close by places comercially.

Vashi Bridge, was opened to the public for residents of Vashi, Belapur and Nerul. The Sion Panvel Expressway was designed to reduce the time taken to travel from Sion to Panvel. Initially there was not much response to the new city. The 2.4 kilometres (1.5 mi) long Airoli Bridge was constructed over the Thane Creek between Airoli and Mulund, an eastern suburb of Mumbai.

There are ample number of banks, restaurants, shopping malls, multiplexes and other key Property in Mumbai. Throughout Navi Mumbai supermarkets and malls like Apnaa Bazaar, Dmart, More, Spencer's, Reliance Fresh, Spinach and Fairprice are developed keeping shopping demands of the residents in mind.

Most of the software organizations in Maharashtra have their offices in Navi Mumbai. The Reliance group of industries have a major presence, and DAKC in Kopar Khairane and Mahape. Most of them are located in an area called the Millenium Business Park in Mahape. As a part of long-term planning, major commodity markets have begun moving from the heart of Mumbai city to Navi Mumbai. This is bringing more people to buy flats thus, rising the Mumbai Properties rates. The Navi Mumbai Special Economic Zone (SEZ) located in the nodes of Dronagiri and Kalamboli are planned to present commercial progress and work to the city.

These developments induced a unexpected progress in economic actions and in Mumbai Real Estate.

by: Vitruvian

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