Navi Mumbai, a properly planned city was developed with the idea to decongest Mumbai. As we all know, Mumbai has become an alternative haven for many people who come here from all over India, this region was conceived as its twin town.
Growing in leaps and bounds, this area has created a coveted position for itself in the real estate market within a very short span of time. It is also called the jewel of Navi Mumbai and is supported by world-class amenities and infrastructure. Kamothe started developing in 2000 and by 2011, it boasts of many prime projects both in the commercial and residential segments.
The rate at which Kamothe has transformed into a premium residential address is tremendous. According to K. R. Jairam, a real estate broker with Green Concept, “Kamothe is enjoying ‘affordable homes-attention’ which it is receiving generously from buyers. A number of people have already shifted to Kamothe, considering the price advantage”. The development of Kamothe can also be credited to its location between the suburbs of Kharghar and Khandeshwar.
With the upcoming Navi Mumbai International Airport near Kamothe, property rates are going to appreciate further. Capital rates range from Rs 3,000 per sq ft to Rs 6,000 per sq ft. The rate for a 1 BHK is Rs 25 lakh while for a 2 BHK the rate is Rs 47 lakh. Renting a house in Kamothe can be considered a good decision because the rentals are on a lower side. The rent for a 2 BHK is Rs 8,000 while for a 3 BHK rent is Rs 50,000 more. Bhoomi Homes and Manas are some of the oldest residential complexes of Kamothe. Most of the residential projects here are offering 1, 2 or 3 BHK apartments.