Naigaon property market : An overview

[ecis2016.org] Naigaon is a popular locality situated in the Vasai-Virar region of Maharashtra. It is situated 19 kilometers from Mumbai

Naigaon is governed by the Vasai-Virar Municipal Corporation (VVMC) and has rapidly developed in the past decade. Naigaon is divided into two – Naigaon east and west. Naigaon west consists of residential colonies, namely, Mariam Nagar, Vijay Complex, Amol Nagar, Dias & Pereira Nagar, Roshan Park (Palli), Palli bunder, Naigaon Koliwada (fishing village) and Umela village (Sakai Nagar). The townships housed in Naigaon east include Reliable Garden, Ritu Gardenia, Unicorn Global Arena (largest township), Mittal Enclave, Mahalaxmi Nagar, Rashmi Pink City and Star City.

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Connectivity with nearby Naigaon localities

The locality is well-connected to various developed areas and a number of hotels, schools, banks and hospitals via an excellent network of railways and roadways.

• VVMT (Vasai-Virar Municipal Transport) network of bus service is operational here.
• The nearest railway station is the Naigaon railway station which is situated at a distance of 3 kilometres from the locality.
• The nearest airport is Chhatrapati Shivaji Maharaj International Airport and it is 52.6 kilometers from the locality.

Read also : Delhi assembly committee seeks list of properties sealed

Employment hubs near Naigaon

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The locality is witnessing an increase in the population in the recent years owing to its proximity to various commercial complexes in and near Naigaon. These include:

• Bandra Kurla Complex which is situated at a distance of 58.9 kilometres from the locality.

Schools in Naigaon and other social amenities

Naigaon provides its residents with all kinds of social amenities to live a happy and peaceful life.  Various schools in Naigaon include the Don Bosco High School, Seven Eleven School, RD Memorial High School, St Xavier’s High School, Girija Mhatre English High School & Junior College, St Francis Xavier’s Convent School, Convent of Jesus and Mary and Rishi Valmiki Vidyalaya & Junior College and many others. The major hospitals in Naigaon include Dr Raut Hospital, The Sobti Hospital, Naigaon Municipal Maternity House, Sidharth Hospital and Gadre Hospital.

Apart from these it also provides the luxury of enjoying recreational amenities and proximity to various banks and ATMs including Bank of Baroda, HDFC Bank, ICICI Bank and Syndicate Bank.

The locality also provides its residents with a number of luxurious shopping arcades like Rachna Shopping Centre, Rassaz Shopping Mall and Citizen Complex Shopping Centre.

Read also : Delhi assembly committee seeks list of properties sealed

Physical infrastructure in Naigaon

• Metro Railway development plans have been proposed by the government and the work is underway.

Read also : Delhi assembly committee seeks list of properties sealed

Price trends in Naigaon

• Price depreciation in Naigaon – Around 2% in last 3 months.
• Current property rates in Naigaon – Rs 3,219 – Rs 4,650 per sq ft.

Read also : Delhi assembly committee seeks list of properties sealed

Reasons to invest in Naigaon

Naigaon has emerged as a very convenient neighbourhood considering the easy living conditions and many job opportunities that it provides its residents with. Although the price rates have been seen to be decreasing in the present scenario, the increasing demand for properties in Naigaon will soon cause property rates to rise. So, investing in Naigaon will prove to be quite lucrative. The presence of commercial hubs in and around the locality, make Naigaon a preferred working as well as a residential destination of Mumbai.

Projects like Shantee Sargam Residency, JSB Nakshatra Ozone and many more, make Naigaon a rather posh and coveted residential neighbourhood that provides better and cheaper living conditions.

Check properties in Naigaon

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Category: Lifestyle