Towns in the outskirts of Mumbai were known more for the swift presence of small and medium-sized industries than for residential space. Suburbs such as Neral and Karjat have emerged as affordable housing hubs in recent years, becoming two of the city’s fastest-growing areas. When the real estate market in Mumbai has become constrained for both end users and financial specialists, areas in the suburbs are attracting buyers and providing better returns on investment (ROI).
Karjat and Neral, which have seen phenomenal growth in terms of connectivity and infrastructure in recent years, offer buyers reasonably priced new projects in Neral when compared to other locations in Mumbai and Navi Mumbai. Within an hour of several commerce hubs such as Thane, Panvel, Rasayani, Ambarnath, Dombivli, Kalyan, and others, the location has several properties with housing options for buyers in the middle and lower income brackets. Because of the low prices, buyers are drawn to Neral’s cosmopolitan component and strong connectivity with urban areas such as Panvel. These factors are making it an increasingly appealing destination for buyers.
Here are a few insight points about what makes Neral a preferred location.
Connectivity with Budget Homes:
Connectivity and affordability have always been significant decision-making factors for those looking to buy a home. These factors have contributed to the region’s stellar growth. Projects such as the Trans-Harbour Link Road and the Panvel-Karjat Railway Line will soon help reduce travel time from Mumbai. Developers are building a diverse range of residential and commercial projects with high-quality amenities and infrastructure. These properties are extremely appealing and reasonably priced.
Location Infrastructure:
Builders and developers are now investing in more new projects in Neral and Karjat, where several greatly designed townships are already under construction, as connectivity improves. This has contributed to the growing demand for housing in the area. The availability of land packages has enabled developers to build townships in the region.
Quality Education Facilities:
Education is one of the most vital factors to consider before purchasing or renting a home. Neral and Karjat have grown at an unprecedented rate over the years, with the availability of numerous schools and colleges that offer educational courses in Engineering, MBA, Medicine, and other fields, all taught by expert faculty. First-time homebuyers are drawn in by such significant growth in the education industry.
Neral and Karjat are embraced by lush views of the green oasis and well-maintained civic amenities provided by local governments. The greenery in and around Neral, in particular, makes it a place where people can relax while also providing an eco-friendly environment that allows them to live a healthy lifestyle. Furthermore, Matheran, a well-known and popular tourist destination, is only a few kilometers away. Developers like Puranik Builders understand the benefits a location like Neral has to offer. Their upcoming township Puraniks City Neral is a 360* comprehensive township that offers the facilities of a luxury township at a budget-friendly price.
Overall, the booming infrastructure development and new flats for sale in Neral make it and Karjat popular choices for first-time home buyers.
