Navi Mumbai Set to Become the Next Big IT Hub of India

Do you know which city is going to be the next big IT Hub of India after Gurgaon, Pune and Bangalore? The name of this city is Navi Mumbai. With competitive rates of real estate and the work of international airport in pipeline, the city stands a good chance at becoming an IT hub. The rents of premium office spaces in the growing pockets of Navi Mumbai are much affordable as compared to Pune where the average rate is Rs 70 per sq ft and Bengaluru where it is around Rs 60-70 per sq ft. In Gurgaon, the rates are even higher. Home seekers say that dream home is still affordable in Navi Mumbai and now commercial tenants are of the same opinion.

Navi Mumbai Set to Become the Next Big IT Hub of India

Navi Mumbai Set to Become the Next Big IT Hub of India

There are a number of factors that point towards the future of Navi Mumbai as an IT hub. Let us talk about some of these in detail-

Connectivity Benefits

From connectivity point of view, Navi Mumbai is undeniably the best location for commercial development. It is well connected to the business locations of Mumbai like Nariman Point and Chembur via the Eastern Freeway. This has significantly reduced the travel time between South Mumbai and Panvel; the 50 km can now be covered in an hour or so. It will be further reduced if the much anticipated Trans Harbor Link actually comes true. Apart from road connectivity, Mumbai suburban railway has also started reaching out to Panvel from Andheri in Mumbai. Mumbai Metro will also be extended to the area. [Read more…]

Neighborhood Watch- Navi Mumbai

Navi Mumbai is a planned township of Mumbai on the west coast of the Indian state of Maharashtra. It was developed in 1971 as an urban township of Mumbai by the government of Maharashtra and CIDCO. Navi Mumbai is located in the eastern Trans harbour of Mumbai is one of the largest planned townships of the world. Navi Mumbai was planned to decongest the island city of Mumbai which has a limited growth. Real Estate in Mumbai is also becoming saturated, lately.

Neighborhood Watch- Navi Mumbai

Recently in August 2015, Navi Mumbai has been ranked third amongst 476 cities for PM Modi’s Swachh Bharat Abhiyan. Navi Mumbai covers southern part of Thane taluka and part of Panvel and Uran taluka. It was earlier developed by CIDCO and totally controlled by them now it has its own Corporation one of the richest in India. Commuting is easy as it is well connected to main Mumbai and easily accessible by road and rail. The latest development known as ‘One Time Planning’ with a high budget is underway to transform it and soon Navi Mumbai will be at par with the Mega cities of the world. [Read more…]