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Tata Capital > Blog > Loan for Home > Why You Should Buy a House in Navi Mumbai

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Why You Should Buy a House in Navi Mumbai

Why You Should Buy a House in Navi Mumbai

Navi Mumbai has emerged as one of the best contenders in the real estate market. Formerly known as New Bombay, Navi Mumbai is nothing like other areas in Mumbai. The city is well-planned and is a much better than option than Mumbai when it comes to buying a house at an affordable price in a good locality.

Here’s why you should buy a house in Navi Mumbai.

Ideal Location

When compared to any other city in Mumbai, Navi Mumbai is less crowded. This is one of the reasons why the city has a well-planned infrastructure and wide roads. There is also an abundance of natural landscapes and gardens, offering lush green vistas, a feature that Mumbai lacks. So, if you looking to buy an ideal place for your family, then this is your perfect choice.

Good Connectivity

Navi Mumbai is well connected to the city’s Western and Central Railway lines. If you decide to buy a house here, you can easily travel to Andheri as well as Kurla through the local train. Not only that, Ghansoli and Airoli are close to Central Mumbai, Thane, Dombivali while Lonavala is just an hour away. Along with the local train connectivity, you can also the bus service by Navi Mumbai Municipal Transport to travel within the area as well as to Mumbai.

Rapid Development

Navi Mumbai is one of those emerging localities where one can see continuous development. With big companies like Reliance, Accenture, etc. establishing their offices in Navi Mumbai, it has become a commercial hub in recent years. Navi Mumbai also has a designated Special Economic Zone that contributes to the city’s economy and employment opportunities. With the announcement of the Navi Mumbai International Airport, the real estate prices are expected to rise even further.

Good Infrastructure

Navi Mumbai is proud of its impressive city-planning and infrastructure, the credit for which goes to City and Industrial Development Corporation (CIDCO). The roads, footpaths, and streets are cleaner and better managed than what you see in Mumbai. The roads are wider and there is less traffic congestion than Mumbai. As there are not many factories situated here, it is considerably less polluted than Mumbai.

Mumbai, even though it is the dream city for many, is low on liveability with expensive real estate. On the other hand, Navi Mumbai boasts of many property options. Compared to other regions, the majority of the property options available in Navi Mumbai are new.

To help you buy your dream abode at Navi Mumbai, Tata Capital gives you the best home loan. Our housing loans are the perfect way to get a home loan at attractive home loan interest rates. If you are looking to buy a house at Navi Mumbai and want to know more about how we can help you with your housing finance, take a minute out to visit us and learn about our home loan eligibility requirements.

With our home loan in Mumbai, you don’t have to compromise when it comes to buying your dream house.

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