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Navi Mumbai realty rates set to soar

Posted on 25 November 2010

From Hindustantimes.com: The environmental clearance for the Navi Mumbai international airport is likely to make property prices in Navi Mumbai go through the roof. Manish Bhatija, director of Paradise Group, said: “It’s nice to know that the airport has finally been approved. We had been looking forward to it for a long time. The property market in Navi Mumbai will get a boost.”
He added: “Residential property prices will rise by 15 to 20 percent, while commercial prices will rise 25 to 35 percent. Kharghar, Ulwe, Panvel and Kamothe in particular will see a huge rise in property prices due to their proximity to the airport.”………………………………………Full Article: Source


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