Prime Minister Narendra Modi is set up at the opening of the International Airport Navi Mumbai 8 October. Homebuyers with a budget under £1 Crore has several promising options in nearby areas, including Taloja, Ulwe, Panvel and Dronagiri.
As soon as October 8, Navi Mumbai (NMI) was involved in its inauguration by Prime Minister Narendra Modi, real estate activity in the surrounding micro -ranges. For almost three decades in production, the airport is expected to be the main catalyst of commercial and residential growth in the region.
Experts in the field say that the areas around the upcoming airport remain between several pockets in the Metropolitan Bombaj (MMR), where Homebuyers can still buy an apartment 2 Bhk or 3 Bhk £1 crore.
The upcoming Airport, which is located in Ulwe, is one of the largest Indian infrastructure projects in the Green Pole and is expected to significantly facilitate the overload of passengers at the International Airport in Mumbai Shivaji Mahaj (CSMIA) in Mumbai. With improvements to connectivity, such as the Atal set, also known as Mumbai Trans Harbor Link (MTHL), Coastal Road and Metro Extensions, the Navi Mumbai region is ready to become one of the most affordable real estate markets in the MRD, experts said.
What are the options available for Homebuyers with a budget £1 crore?
According to consultants and real estate developers, it offers several developing pockets around the upcoming International Navi Mumbai airport promising opportunities for Homebuyery with a budget below £1 crore.
Ulwe, which is located only 10-15 minutes from the airport site, offers 1bhk and compact 2Bhk apartments between them £40 lakh and £80 Lakh. Taloja, is expected to benefit from the upcoming metro line and the proximity of industrial nodes, offering houses in £45 lakh to £Range 90 Lakhy for units 1bhk and 2Bhk. Kharghar, a more developed node, commands the bonus but still has the possibilities of 1Bhk starting around £80 Lakh, attractive to experts looking for better social infrastructure, schools and connectivity.
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In addition, Panvel and Dronagiri, which are about 30 minutes from the airport, are among investors looking for long -term recognition. With the ongoing infrastructure upgrades and improved road connections, several renowned developers launched affordable and medium segment housing Prices below £1 crore in these areas.
Real estate experts claim that the NMMIA operating launch will be a “watershed moment” for the real estate market. “As soon as the airport becomes functional, real estate prices across Ulwe, Dronagiri and Taloja could increase by 15-20%over the next two to three years,” said Bharat Sinha, a real estate consultant based in Navi Mumbai.
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Sinha said that the prices of apartments in Ulwe have doubled in the last decade. Since 2025 the price of 2bhk in ulwe between them £82.5 lakh and £1.35 crore, depending on location, equipment and reputation of the developer. In 2015, similar units were available for £41.1 Lakh to £82.5 lakh, averaging £6,000- £7 500 per square FT, he said.
For potential ulwe buyers and its neighboring areas continue to offer a number of options £1 crore, from readiness to movement to houses with insufficient construction, which makes them attractive to end users and investors, local brokers said.
The story of prices assessment
According to experts, the opening of Navi Mumbai airport is expected to grow across several classes of assets.
“With the launch of Navi Mumbai Airport, the entire Panvel-Uulwe corridor is expected to grow significantly across several asset classes. The Navi Mumbai region is ready to further promote its status as the first-class global metropolitan destination,” Karan Singh Sodi, head of MMR & Gujarat).
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“In the whole MMR, the surroundings of Navi Mumbai airport are the only place where Homebuyers have a lot of options for buying 2 Bhk and 3 Bhk in £1 budget crore. This section is therefore affordable in the real sense, ”said Gautam Thacker, founder, president and chairman of Nededco Raigad, peak of real estate developers.
According to Thacker, the maximum price for apartments in Ulwe, near the upcoming International Navi Mumbai airport, around £15,000 per square FT based on carpet. Local brokers said that the average size of 2bhk units in ULWE is between 550 square and 650 square feet. £9 000 per square foot, usually found in areas within 30 minutes of driving from the airport.
“Recognition in the area of residential real estate was remarkable. In 2015 I sold apartments around £3 600 per square FT for my project near Navi Mumbai airport. Today are the same units of the above price £8,000 per square FT, reflecting a healthy award more than 10% per year, ”said Ashok Chhajer, CMD on Arihant Superstructures Ltd.
“Even more interesting is that this is one of the few regions where you will still find 1 Bhk flats in £The range of 30–40 lamps within closed communities offering modern equipment. For Homebuyers, who are trying to settle in a well -connected corridor with high growth, it is still a promising destination, ”said Chhajer.
How far is Navi Mumbai airport?
The Navi Mumbai International Airport is approximately 45 minutes along the road from the southern bomb and about an hour from the Bandra Kurla (BKC) complex, although travel time may vary depending on the conditions of transport. It is about 1 hour 30 minutes along the road from the existing International Airport in Mumbai.
(Tagstotranslate) Navi Mumbai International Airport (T) Prime Minister Narendra Modi
