Snapshot of Airoli Sector 2, Navi Mumbai

Location and Connectivity

Airoli Sector 2 is found in the northern part of Navi Mumbai, along the Thane-Belapur road. It’s extremely well-connected by both the road and rail networks. The Airoli railway station, part of the Mumbai suburban railway, along with the nearby Rabale station, provides easy access. Additionally, it's set to gain even more with the upcoming Navi Mumbai Metro Line 1 and the Navi Mumbai International Airport, boosting its connectivity further.

Infrastructure and Amenities

Airoli Sector 2 features a developed infrastructure complete with numerous educational institutions, hospitals, parks, banks, and shopping centers. The IT parks like Mindspace Airoli, TTC Industrial, and Gigaplex IT park have attracted many professionals, leading to a rising interest in residential properties. The area admires natural beauty, offering scenic spots such as the Airoli Bridge and several parks and lakes.

Property Rates and Trends

Residential Properties

• Properties in Sector 2, starting at Rs. 8,750 per square foot, average Rs. 17,015 per sqft. Top-end properties reach prices up to Rs. 22,857 per sqft.
• For apartments:
  • 1 BHK flats range from Rs. 25 lakhs, priced at Rs. 9,150 to Rs. 13,158 per sqft.
  • 2 BHK flats start at around Rs. 40 lakhs, with prices per sqft coming in around Rs. 13,474.

Commercial Properties

• Commercial shops in Airoli are priced roughly at ₹11,000 per sqft. There are offices and retail outlets too, with office spaces costing around Rs. 30 lakhs for 100 sqft, and retail shops at about Rs. 22 lakhs for 200 sqft.

Investment Opportunities in Real Estate

Growth and Development

Airoli has seen good real estate growth, with property values going up by nearly 10% last year. Expect higher demand driven by the new Metro Line and the Navi Mumbai International Airport, making it an exciting time for investing.

Up-and-Coming Projects

Here are some new residential projects being developed in Airoli Sector 2:

• Parth Lakefront: A premium 23-floor project offering 1 BHK flats complete with several amenities. Expected completion is December 2024.
• Pyramid Elements: A high-rise offering 1 and 2 BHK flats, featuring parking, 24×7 surveillance, and a play area for children. Finishing date set by December 2023.
• Airoli Tower: A grand 19-floor project featuring 2 and 3 BHK flats, complete with a multipurpose room, jogging track, and CCTV surveillance. Expected completion in March 2030.

PropertyWala's Verdict

Investing in Airoli Sector 2, Navi Mumbai, offers great potential for both buyers and renters, thanks to its excellent connectivity, amenities, and ongoing infrastructure development. With consistent growth in property prices and the promise of future appreciation, now is an optimal time for real estate investment. It caters to various budgets and preferences, giving a comprehensive range from budget to luxury residences, making it a smart choice for property investment.