Nerul property market: An overview

[ecis2016.org] Nerul is a well-developed suburban locality of Navi Mumbai, which is a preferred residential hub of Maharashtra

Nerul is a coveted residential neighbourhood as well a renowned tourist spot of Navi Mumbai. It is known for housing the famous Balaji temple or the Sri Venkateswara Swamy Temple, Sri Ayyappa Temple, Mata Amritanandamayi Math and Sri Shaneeswara Temple. Some of the other popular landmarks of the locality include The Rock Garden that offers a great combination of mini-amphitheatre, playground for children, sculptures made from rocks and botanical garden and The Parsik Hill, which is the perfect destination for a day out. Toy train ride at Wonders Park and the DY Patil Sports Stadium are some of the other places worth visiting in Nerul.

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

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Connectivity with nearby Nerul localities

• The locality lies on the intersection of three important highways in Navi Mumbai -namely The Palm Beach Road, The Sion-Panvel Highway and The Uran Road.
• The locality is accessible from the prominent localities of Maharashtra like Ulwe, Kalamboli and Dronagiri.
• The Palm Beach Marg passes through this locality and connects Rajiv Gandhi Bridge with the Sion-Panvel Highway.
• The nearest railway station is Nerul station that connects Panvel to CST and Panvel to Thane.
• BEST and NMMT bus transport networks serve the locality.

 [ecis2016.org] Property rates & trends in Nerul, Mumbai

Schools in Nerul and other social amenities

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Nerul provides its residents with all kinds of social amenities to live a happy and peaceful life. Various schools in Nerul include Delhi Public School, DAV, Ryan International, Apeejay, Podar International, Terna Medical and Engineering College, Dr DY Patil College, Tilak Public School, Don Bosco, Sanjivani International School and many others.

The major hospitals in Nerul include Millennium Hospital, Patoria Eye Care & Child Clinic, Arihant Hospital, Savla Hospital, Deb Hospital and Dr Pol ENT Hospital. Apart from these it also provides recreational amenities and proximity to various banks and ATMs. The locality also provides its residents with many luxurious shopping centres.

The renowned food hubs of the locality include Melting Magic Ice cream Parlour, Café Coffee Day, Smokin Joe’s Pizza and Dominos.

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Physical infrastructure in Nerul

• SEZ or Special Economic Zones in Ulwe, Kalamboli and Dronagiri are to be set up, which will be linked to Nerul via the Uran Road.

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Price trends in Nerul:

• Price appreciation – 4.3% in the past 2 years.
• Current property rates – Rs 9,225 –Rs 15,366 per sq ft.

Read also : After Green Building, Now a Wellness Certificate for Buildings

Reasons to invest in Nerul

The huge surge in property prices in Nerul, is indicative of the fact that the locality is sure to prove to be a lucrative investment in the near future. Presence of leading company offices and various commercial hubs in and around the locality, make Nerul a coveted working as well as a residential destination of Navi Mumbai.

Big-ticket projects like Bhagwati Group Eminence, The Man Group Nexus, Majestic Infra Projects, Majestic Height and The Man Group MAN Residences, are probably the best projects to invest in Nerul. These make Nerul a preferred residential neighbourhood and act to trigger a surge in property prices in the future.

Check properties in Nerul

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Category: Lifestyle