Realty Appreciation In MMR's Raigad Outpaces Mumbai, Navi Mumbai & Thane
New Delhi: Raigad in Mumbai Metropolitan Region (MMR) saw 21-35 percent average capital growth in the last 6 years while Mumbai, Thane & Navi Mumbai together recorded 9-17 percent capital growth in the same period, says ANANROCK Property Consultants in a report.
With multiple housing options across budgets, Raigad has also emerged as MMR's new work-life balance hub with multiple housing options in various budget categories.
Infrastructure projects worth Rs 100,000 crore are under development or planning. The Navi Mumbai international airport will propel commercial demand in Raigad in times to come. At 120 hectares, Raigad's upcoming Corporate Park is twice the size of Mumbai’s BKC.
“While housing prices in Mumbai, Thane and Navi Mumbai together recorded 9-17 percent growth over the last six years, housing in Raigad saw average capital appreciation of between 21-35 percent in this period. While these three cities are brimming with realty developments, Raigad presents an ideal alternative for collateral growth. The determined infrastructure push by the Maharashtra government is constantly enhancing Raigad's connectivity to major areas in MMR, which has very positive implications for its real estate market across property typologies," says Anuj Puri, Chairman, ANANROCK Property Consultants.