Mumbai Report - ICICI Home Finance

Navi Mumbai
Major Locations
Palm Beach Road, Kharghar, Koparkhairane, Panvel
�Navi Mumbai spreads over parts of two districts of Maharashtra - Thane and Raigad. The
region is hilly in some parts
�Navi Mumbai lies on the mainland on the eastern seaboard of the Thane Creek. The city
limit stretches from Airoli near Thane in the north, to Uran in the south. The length of the
city is almost the same as Mumbai. The Vashi and Airoli bridges connect Navi Mumbai to Mumbai
�Navi Mumbai is organised as many nodes. Some of the old and more populated nodes
are Vashi, Nerul and Belapur
�Some of the more recent node developments include Kharghar, New Panvel,
Khandeshwar
�Key Builders: Adhiraj Developers, Kesar Sons, Haware Builders & Developers, Bhoomi
Developers, Shah Group and Sai Developers.
Growth Stimulators
�Dhirubhai Ambani Knowledge City (DAKC), located at Koparkhairane, has propelled the
real estate market in Navi Mumbai
�Most of the software companies in Maharashtra have their offices in Navi Mumbai
�The Government of Maharashtra has also set up software parks to cater to the growing
demand from the IT sector
�International Infotech Park at Navi Mumbai has been designed with an infrastructure for the
needs of the technology-driven companies in Electronics, Information Technology,
Telecommunications and related industries
�Due to the presence of existing IT parks, shopping malls, good infrastructure, good
educational institutes, and more importantly the proposition of SEZ in Navi Mumbai, areas
like Vashi, Kharghar, Koperkhairane are on a rapid growth trajectory
�6-Lane Road-cum-Rail bridge between the Sewri–Nhava Sheva link of about 22 km. is
expected to reduce the travel time between Navi Mumbai and Mumbai to about 30 minutes
�Commuter railway systems at Navi Mumbai (including those planned) include Mankhurd
Belapur-Panvel rail corridor, Thane-Vashi-Juinagar-Uran rail corridor, Ring railway around
CBD, Manasarovar-Taloja, Thane-Kalwa-Juinagar-Nerul rail corridor, Panvel-Uran rail corridor
and an Intercity Railway Terminal
�CIDCO has plans to concretise some of the major roads like the Vashi Highway to
Koperkhairane, the Sion Panvel Marg to Nerul Railway Station, the Vashi Shivaji Chowk to
Palm Beach Road and Airoli to the Mulund Bridge
�Palm Beach Road, now known as the Queen's Necklace of Navi Mumbai, has contributed to
significant rise in property prices in Navi Mumbai
�Due to this road facing the creek, most of the units in a building are so designed that they face