Find a home on rent in Navi Mumbai within Rs 20,000

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Navi mumbai

Are you on a lookout for a residential rental property in Navi Mumbai within Rs 20,000? Here is a list of potential micro-markets that are not only replete with an array of facilities but also offer a host of options within your budget.

With increased job opportunities, an array of academic institutions, infrastructure expansion and proximity to Mumbai, Navi Mumbai is witnessing a rapid influx of migrant population from both near and far locations. However, with the vast expansion of city realms, finding a rental housing accommodation that befits one’s requirements entails a great deal of research and analysis. Therefore, 99cres.com shares a list of popular rental micro-markets in Navi Mumbai which not only offer a host of accommodation facilities across budget brackets, but also a range of amenities and facilities.

Localities

Average Monthly Rental Rates (in Rs) for 2 BHK unit

Average Monthly Rental Rates (in Rs) for 3 BHK unit

Kharghar

18,000- 22,000

28,000-35,000

Kamothe

16,000-19,000

22,000-28,000

Ulwe

10,000- 14,000

16,000-25,000

Source- 99acres.com

Kharghar

One of the 14 nodes developed by City and Industrial Development Corporation (CIDCO), Kharghar in the North East of Navi Mumbai is one of the most-planned areas of the city that offers a slew of residential opportunities to both tenants and homebuyers. The locality is divided into 45 sectors. However, Sector 10, 19 and 20 are the most suitable options for renting a home in Kharghar owing to multiple amenities. The areas comprise multiple residential arrangements configured as 1 BHK, 2 BHK and 3 BHK units.

The area also ensures hassle-free connectivity to different parts of the city. For instance, Kharghar is the fourth railway station on the route running between Panvel and Harbour Line of Mumbai Suburban Railway. Besides, it is only 9 km and 4 km away, respectively, from Sion-Panvel Highway and the six-lane Mumbai-Pune Expressway that begins at Kalamboli. Many State-run buses also ply here at frequent intervals and connect Kharghar to Dadar, Thane, Vashi and Sion.

Reputed commercial centres in proximity to Kharghar include Panvel (5 km), Vikhroli (15 km), and Reliance Corporate Park (18 km), among others. Some of the well-known companies located in and around Kharghar include Jaypee Cement and Vapco Engineers Pvt Ltd.

Kamothe

Kamothe is an emerging housing destination in the south-eastern periphery of Navi Mumbai. The area is divided into 48 sectors and witnesses huge real estate demand owing to its proximity to Mumbai. According to Arun Thakkar, Real Estate Agent, Urmi properties, “Sectors 25, 26 and 33 are the most-sought-after sectors of Kamothe. They witness healthy traction from the tenant community, primarily owing to its competitive ‘ask’ prices, and an array of amenities and facilities. On an average, a 2 BHK unit sized up to 1,100-1,200 sq ft is easily available on rent for Rs 18,000-Rs 22,000 per month.”

The area also remains popular amidst the working populace of neighbouring micro-markets such as Belapur, Kalamboli, Panvel and Taloja. For those who wish to live away from the din and dust of the city, Kamothe is an option worth considering.

Some of the prominent connectivity links near Kamothe include Sion-Panvel Highway, Mumbai-Pune National Highway, and Jawaharlal Nehru Port Trust (JNPT) Road. The Chhatrapati Shivaji International Airport is only an hour’s drive from Kamothe. In addition, the area has suburban railway stations at Mansarovar and Khandeshwar.

Key employment hubs in the vicinity to Kamothe include BSEL Technology IT Park, International Infotech Park, Taloja industrial area, and the Intelenet IT Park.

Ulwe

The geographical location of Ulwe has played a crucial role in attracting both investors and tenants. The area has significantly benefitted from its strategic positioning and the rise in the employment opportunities in the proximate market of Thane. Its contiguity to the international airport and Seawoods-Urban Railway Line has also acted as a critical growth propeller. Besides, the locale also ensures hassle-free connectivity to Mumbai Highway, Palm Beach Road (12.8 km), and the Central Business District of Vashi.

From a residential standpoint, the most-suited areas that are worth considering for renting a home in Ulwe are Sectors 8, 9, 17 and 19. The sectors are replete with a slew of reputed housing projects, schools, temples, and grocery stores. Besides, one also gets access to the beautiful sea view.

Reputed IT companies in and around Ulwe comprise Bridgeview Infotech, SkyQ Infotech and Fort Logiciel LLP.

In addition to above locales, one can also consider micro-markets of Seawoods, Vashi and Nerul. While the above localities are slightly affordable, the average rental values in Vashi, Seawoods and Nerul are comparatively higher. For instance a 2 BHK unit in Seawoods range between Rs 25,000 and Rs 30,000 per month.


Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. 99acres does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.


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