With the Navi Mumbai International Airport (NMIA) set to be inaugurated today, housing demand in nearby micro-markets has surged. The good news: you can still find 1 and 2 BHK options under ₹1 crore in pockets like Ulwe, Taloja, Kharghar, Panvel, and Dronagiri.
NMIA, a large greenfield airport coming up in Ulwe, is expected to decongest Mumbai’s CSMIA and catalyse both commercial and residential growth across Navi Mumbai. New and ongoing connectivity upgrades, such as the Mumbai Trans Harbour Link (Atal Setu), coastal road improvements, and metro extensions, are strengthening the case for end-users and investors alike.
Suggested read: Affordable Housing in Navi Mumbai
Home loan tip: If you’re targeting sub-₹1 crore budgets, pre-approve your loan to lock a rate and boost negotiation power with developers.
Yes. Homebuyers can benefit from the Pradhan Mantri Awas Yojana (PMAY-Urban), which offers interest subsidies on home loans for first-time buyers. Maharashtra also runs affordable housing initiatives through MHADA and the “Majhe Ghar – Majhe Adhikar” policy, which supports EWS and LIG families.
Look at connectivity, developer reputation, RERA approvals, and basic infrastructure like water, schools, and hospitals. Review total costs (including hidden charges) and study future growth plans by CIDCO. Assess rental demand and long-term appreciation potential before finalizing a project.
Yes. Areas like Ulwe, Taloja, Kharghar, and Dronagiri still have 1 and 2 BHK options under ₹1 crore. These can be good for long-term rental income, especially once the airport becomes operational. However, yields may be modest initially until infrastructure and connectivity fully develop.
These areas are developing fast and improving each year. Basic amenities and connectivity are expanding, but some pockets still face water supply and infrastructure delays. Law and order are largely stable, with new police posts planned. Livability should continue to rise as the airport and metro projects progress.
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