Bhupendra Shah, the dynamic chairman and managing director of Bhumiraj Group, main builders and builders aggressively bats for reasonably priced housing affords within the metropolis of Navi Mumbai. He believes that this characteristic of town is accountable for its progress and improvement and its buoyant actual property market.
Shah who can also be Chairman Trustee Board of Builders Affiliation of Navi Mumbai cites a report by ANAROCK Property Consultants and CREDAI – Navi Mumbai – Metropolis of Potentialities’ to verify his declare. The report states that round 80% of the general residential challenge launches in Navi Mumbai within the latest previous have been within the reasonably priced (< Rs 40 lakh) and mid-segment (Rs 40 lakh – Rs 80 lakh) funds vary.
Asks Shah, “Why do you assume that when the true property market in MMR area goes by way of a tricky time, the builders in Navi Mumbai are asserting new and grand initiatives. The reason being that they don’t have a lot inventory left. Lower than 15% of the homes within the metropolis are unsold and that could be a nice state of affairs.”
He added, “The explanation for this glorious gross sales report is that the consumers are getting reasonably priced and mid-segment funds homes that they will afford. Many are promoting their homes in Mumbai and buying flats right here. They get a brand new trendy home and likewise a financial institution steadiness from the steadiness cash of their Mumbai flat sale.”
Explains Shah, “There are low cost flats in some areas within the area, however they’ve little to supply by way of infrastructure and facilities. It’s like shifting to a concrete slum and the consumers who’re used to an honest life and looking out ahead to growing their high quality of life don’t need to go to an space which doesn’t provide this.”
He added, “Now have a look at Navi Mumbai. Other than high quality houses that suit your funds, the civic infrastructure is world class and that’s the reason town has been ranked amongst the very best within the nation through the years.”
Said Shah, “Navi Mumbai ranks sixth in Ease of Dwelling rating amongst 111 cities in India. It’s 2nd in Maharashtra abandoning by a distance Larger Mumbai, Thane and plenty of outstanding tier II cities in addition to different metropolitan cities which have existed for years.”
In keeping with Shah, “Other than the prevailing civic infrastructure and facilities, town is on the brink of progress like by no means earlier than. Have a look at the mega initiatives developing within the area. The worldwide airport, a Particular Financial Zone (SEZ), metro, MTHL, water transport to call just some.”
In keeping with Shah, “CIDCO that developed Navi Mumbai has ensured all spherical progress by way of enterprise alternatives and likewise setting care. High company homes right here co-exist with inexperienced belts. The place else do you may have 45% of the out there land as gree zone?”
Concluded Shah, “There isn’t any place like Navi Mumbai in the complete nation to take a position and reside in. It’s a full package deal right here which no different area can beat.
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