Overview of Sector 21, Navi Mumbai

Location and Amenities

Sector 21 in Navi Mumbai splits into two main parts: Sector 21, Nerul, and Sector 21, Kharghar. Some important features of each part are listed below:

Sector 21, Nerul

• We find it centrally located in Navi Mumbai with advanced infrastructure and amenities.
• It’s close to important landmarks like Hawre Central Mall and hospitals, such as Terna Speciality Hospital & Research Centre, alongside schools.

Sector 21, Kharghar

• A vital location because it offers easy access to the Mumbai-Pune Highway.
• It’s near landmarks, including Apeejay School, Navjeevan Hospital, and Iskon Temple.

Property Prices

Sector 21, Nerul

• The average price per square foot is roughly ₹18,019, with prices ranging from ₹13,033 to ₹30,769 per sqft.
• In terms of year-over-year growth, property rates have increased roughly by 20.43%.

Sector 21, Kharghar

• Apartment prices vary:
  • 1 BHK: ₹54.8 lakhs to ₹72 lakhs.
  • 2 BHK: ₹85.3 lakhs to ₹1.36 crores.
  • 3 BHK: Starting from ₹2.25 crores to ₹3.25 crores.
  • 5 BHK: Around ₹3.10 crores.

Property Types and Configurations

Sector 21, Nerul

• This area includes several types of properties like apartments, builder floors, and villas.
• The per square foot average property rate for flats is roughly ₹21,700, but this can vary.

Sector 21, Kharghar

• Offers both ready-to-move and semi-furnished apartments.
• Ranges from 1 BHK to 5 BHK with varying carpet areas and amenities including modular kitchens, security guards, and lifts.

Rental Market

Sector 21, Nerul

• The average rent for a 1 BHK flat is approximately ₹42,000 per month.
• Often come with amenities like 24-hour water and electricity, security, and parking. Usually semi-furnished with lift facilities in the buildings.

Price Appreciation and Trends

Sector 21, Nerul

• Property rates have appreciated by 20.6% last year, 17.0% in the last three years, and 30.4% in the last five years.
• Long-term price appreciation is significant, with a 44.7% increase in the last ten years.

PropertyWala's Conclusion

Sector 21 in Navi Mumbai, in both Nerul and Kharghar, makes for a good deal. Its strong infrastructure, closeness to amenities, and high property price appreciation make it attractive. Investors will find the YoY growth and long-term appreciation quite favorable. End-users will like the different property setups and amenities. However, it's important to look at the area's specifics and current market trends to keep an informed stance.