The real estate market in Mumbai is constantly evolving, with emerging micro markets and townships playing a significant role in the city’s growth. As the costliest city for real estate in India, many buyers are now turning to peripheral zones in search of more affordable housing options and better amenities. Navi Mumbai and Thane have emerged as major beneficiaries of this paradigm shift and now contribute a significant portion of the overall real estate sales in the city.
Among these emerging hotspots, Kharghar is quickly becoming one of the fastest-growing residential markets in Mumbai. With its excellent infrastructure, amenities, quality of life, and rapidly developing housing options, many perceive Kharghar as Navi Mumbai’s crown jewel. These aspects, along with many others, have resulted in an increase in demand for 3 BHK apartments in Kharghar. Let us have a look at all the reasons that have helped the real estate market in this area flourish:
Excellent Connectivity
Kharghar is an ideal location for real estate investments due to its exceptional connectivity to Mumbai and Navi Mumbai. The area is located beside two key highways and is in close proximity to the CBD in Belapur, making it a desirable location for businesses. Kharghar is also well-connected to several destinations via the Harbour Line of the Mumbai railway network, and the upcoming Navi Mumbai Metro network (Phase 1) is expected to have at least seven stops in Kharghar as per the proposed plan.
Additionally, the Sion-Panvel Expressway links Mumbai and Navi-Mumbai within a radius of 45 minutes and is easily accessible from Kharghar. The proposed 8-lane tunnel through Turbhe and the Coastal Road going to the airport is expected to boost overall connectivity in the area. Kharghar also offers easy access to the Mumbai-Pune Expressway and is just 35 kilometers away from the Chhatrapati Shivaji International Airport.
Moreover, the SCLR connects Kharghar to the Lokmanya Tilak Terminus in approximately 45 minutes, and there is good road access to Thane, Pune, Nashik, and Kalyan. With readily available NMMT and BEST buses running to Vashi, Dadar, Sion, Ghatkopar, and other locations, Kharghar is undoubtedly a well-connected location in Mumbai.
Upcoming Infrastructural Advancements
Kharghar is set to experience a significant boost in overall connectivity, real estate demand, and property values in the near future, thanks to multiple mega infrastructural developments on the anvil. These projects include Navi Mumbai Metro Phase 1 between Belapur and Pendhar through Kharghar, which is expected to be operational soon under the supervision of CIDCO.
Additionally, the new Navi Mumbai International Airport, which is being developed in four phases, is coming up near Kharghar, with the first phase expected to be completed soon. The proximity to the new airport, which is just 15 km away from Kharghar, will immensely benefit the real estate sector in the area and other surrounding areas.
Furthermore, the proposed Sea Link between Sewri and Nhava Sheva will make the new airport easily accessible for residents of Navi Mumbai, including Kharghar. With these major infrastructural projects on the anvil, Kharghar is poised to become an even more attractive location for real estate investments.
Conclusion
Kharghar is a rapidly emerging residential real estate hotspot in Mumbai, offering excellent infrastructure, amenities, quality of life, and affordable housing options. And with all these existing and upcoming upgrades, anyone would be tempted to buy a 3 BHK apartment in Kharghar in the pursuit of a happy and content life. All in all, Kharghar is a location to watch out for in Mumbai’s real estate landscape. We are sure that this information will help you get an insight into Kharghar’s ever-evolving real estate market and the reasons behind it.