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KHARGHAR'S REAL ESTATE RENAISSANCE

Bhavesh Shah- Joint Managing Director, Today Global Developers shares reasons for Kharghar’s sustained growth, with promising forecasts for rising capital and rental values.

BY Realty Plus
Published - Thursday, 26 Oct, 2023
KHARGHAR'S REAL ESTATE RENAISSANCE

Nestled in the heart of Navi Mumbai lies Kharghar, once a tranquil town, now brilliantly transformed into a vibrant residential and commercial nucleus. It has rapidly emerged as a coveted destination for real estate investment, epitomising the seamless integration of contemporary infrastructure, natural allure, and unparalleled connectivity that enthrals homebuyers and investors alike. Kharghar and its surroundings display a harmonious blend of happiness and prosperity for homebuyers. This vibrant micro-market, nestled amidst nature's beauty and modern infrastructure, offers an unparalleled lifestyle.

From the serenity of the Kharghar Hills to its robust social amenities, educational institutions, and excellent connectivity, Kharghar encapsulates the essence of prosperous living. Whether you seek a cozy abode or a luxurious penthouse, Kharghar's real estate market ensures that your dreams find their home in a haven of happiness and growth. Its strategic location makes its accessibility exceptional. The Harbour line of the suburban railway network has ensured seamless connectivity to vital hubs like Belapur Central Business District (CBD), Panvel, and Nerul.

A mere hour's drive from Mumbai, facilitated by the Sion-Panvel Highway, further solidifies Kharghar's allure, making it the preferred choice for Mumbai-bound working professionals, well-served by public transport. This connectivity is set to ease further with the Kharghar-Turbhe Link Road (KTLR) project, offering increased proximity to Mumbai. A ?2,195 crore project, this upcoming link road will revolutionize transportation in Navi Mumbai and neighboring regions, offering a remarkable 30-minute reduction in travel time for commuters from Mumbai, Thane, and Navi Mumbai, thus enhancing productivity in daily life.

This new route will establish a direct link between these nodes, starting from Turbhe, passing through Juinagar, and cutting through the hills to reach Kharghar. It will bypass the congested Sion-Panvel Highway, Thane-Belapur Road, and Palm Beach Road, adding impetus to the entire region surrounding Kharghar, building on a well-established social and civic infrastructure and creating a self-reliant ecosystem. Beyond congestion relief, the KTLR project aims to bolster east-west connectivity across the Mumbai Metropolitan Region (MMR) by constructing a tunnel creating direct connectivity between Turbhe and the proposed International Corporate Park in Kharghar.

It is expected to stimulate economic growth by offering exceptional connectivity to Mumbai, the Mumbai Trans-Harbour Link (MTHL), and the proposed Navi Mumbai airport, ultimately ushering in a new era of development and prosperity for the region. Mega infrastructure projects like the new airport and the MTHL link are poised to redefine the skyline with towering high-rises, beckoning commercial and residential investments. The strategic confluence of these projects will amplify the region's status as a burgeoning development hub.

The standout feature of Kharghar is its robust social infrastructure. As residential complexes burgeon, commercial development follows suit, culminating in many prestigious schools, universities, healthcare facilities, restaurants, and cultural hubs. Aspirations find their homes in Kharghar, often dubbed the crown jewel of Navi Mumbai's real estate. This bustling micro-market proffers an enticing spectrum of real estate options tailored to diverse preferences and budgets. Kharghar's true differentiator, however, lies in its natural splendor, nestled within the picturesque Kharghar Hills, bestowing panoramic views and tranquillity upon its residents. Whether you yearn for a snug abode or extravagant living, Kharghar offers an assortment of options to fulfill your desires, making it the quintessential destination for those seeking their dream home in Navi Mumbai.

In conclusion, Kharghar's extraordinary ascent as a real estate hub in Navi Mumbai is a testament to its irresistible appeal for both discerning homebuyers and savvy investors. Its unwavering commitment to a green and eco-conscious ethos resonates powerfully with those who prioritize environmental considerations, and this shared vision has translated into a consistent uptick in property values. With many advantages, including rapid infrastructure development, Kharghar is poised for sustained growth, with promising forecasts for rising capital and rental values driven by transformative projects on the horizon. Kharghar epitomizes a harmonious blend of natural beauty, modern amenities, and unparalleled connectivity, genuinely offering the best of both worlds to its residents and stakeholders alike.

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