Properties In Kamothe Emerging As Preferred Residential Hub In Navi Mumbai

Located on the Sion-Panvel Highway, Kamothe is an emerging residential hub developed and maintained by CIDCO. It is a node of Navi Mumbai which comes after Panvel and Kalamboli. The locality is surrounded by other fast emerging residential hotspots like Kharghar, Taloja, Kalamboli, and Panvel. The Central Business District of Belapur also falls in close proximity to Kamothe.

In recent years, many infrastructural developments have boosted the realty market of this area which has attracted many home buyers to invest here. Kamothe also enjoys the closeness to the proposed Navi Mumbai International Airport that is the main reason behind its thriving real estate market.

The locality also offers seamless connectivity to surrounding areas via rail and road network. It is surrounded by Mansarovar and Khandeshwar railway stations as well as also provides the facility of local buses and transports to the daily commuters. It is also home to many leading schools, colleges, hospital, malls, and other recreation centers.

Kamothe is divided into 48 sectors that offer a plethora of fresh and resale properties to home buyers. Because of the presence of CBD Belapur and other leading IT parks like BSEL Tech Park, International InfoTech Park, etc. in the vicinity, many working professionals buy flats here to save on the traveling time.

At present, the average property price of an apartment in Kamothe is Rs 7,314 per sqft. One can easily get a 2 or 3BHK apartment in different size and configuration at a price ranging from 65 lakh to 1 crore. However, in the last few years due to many developments, the locality has seen a YOY increase of approximately 6-8% in the property prices. Once the work on Navi Mumbai airport will start, the rates of the property here will increase more, suggests expert.