Does living bring close to nature offer you the peace you’ve been aiming for? Do you want to relax with your loved ones and your pet in a manicured garden? Then, Kharghar is one locality that will offer you green expanses.
A vast central park is a part of this locality and is spread across 290 acres. This kind of greenery is only witnessed in exceedingly few luxury and super luxury localities but, here at Kharghar which offers houses in the affordable price range you can easily find such well-maintained greenery.
There is also a Kharghar golf course that’s spread over an area of approximately 155 acres. It is a lush green expanse featuring an 18-hole international-level golf course. The scenic golf course provides recreational opportunities for golf enthusiasts and offers a serene environment amongst nature for leisure and relaxation activities.
Besides this, if you are fond of living in a house with a well-built infrastructure, then Kharghar is one locality that’s smartly planned.
If you are considering buying a flat in Kharghar then look forward to buying the 2bhk type as it’s the most popular segment. 1.0 crores - 1.5 crores is the price segment of 2bhk that you can get here.
Besides, the Delta group and the Bhagwati group have their projects Central and Greens 3 located here in front of the golf course. If you cherish living closer to green expanses then consider buying projects near to golf courses.
The locality is known for offering housing solutions at budget-friendly prices.
A few of the important developments are also under construction for the development here. A few of the developments are-
If you have bagged a job in CBD Belapur which is the main commercial hub of Navi Mumbai and is known for employing 75,000 people then Kharghar is located quite near to it.
Other important industrial areas like Kalamboli, Taloja, and Panvel are also closer to Kharghar. This makes Kharghar, a preferable destination for those working in the industrial sector.
Having your office nearer to your home is a great advantage and can make it easier for you to commute every day.
When looking to commute to other areas outside Kharghar, then, Kharghar is well connected with wide roads. It also has a metro line that runs through Kharghar covering a distance of 11.1 km connecting it to the central business district of Belapur.
The locality is also well connected to Mumbai via two linking bridges -
With the coming of the Trans Harbor link, the whole city of Navi Mumbai will benefit from price appreciation and demand for homes in a huge way.
There are many residential projects located closer to the central park in Kharghar. A few of the major schools, hospitals, retail stores, and employment hubs in the area are located within 5.5 km from the central park area-
Ryan International School, Apeejay School Kharghar, Medicity Hospital, Little World Mall, and the Crown job hub.
The real estate market in Kharghar is shown in the table below. The city has witnessed the launch of around 6000 properties in the last five years from 2018- 2023, but only 3500 units were sold in 2018-2023. The inventory overhang remains at 16 months which is lower than 30 months, hence, property prices over here are likely to rise in the coming years.
| Supply | Period | Absorption | Inventory overhang |
|---|---|---|---|
| 6000 units | 2028–2023 | 3500 units | 16 months |
With research by Propequity, it is observed, that there has been a 12% year-on-year compounded annual price appreciation.
Also, with the development of the Navi Mumbai International Airport, Kharghar-Turbhe tunnel road, a coastal road named Nerul-Belapur-Kharghar, and the International corporate park; the locality is witnessing developments offering smoother connectivity which, could be factors responsible for an increase in price appreciation in the upcoming years.
The research also tells, that, a few of the projects that are facing the golf course like the 3bhk project Central by the Delta group located in sector-23 has seen a 30% rise in price appreciation, and the Greens 3 project by the Bhagwati group has witnessed a 40% appreciation here, year-on-year for the last 5 years. This is because golf course-facing projects have the maximum and continuous price appreciation.
Having a 12% rise in price appreciation on a year-on-year basis and an inventory overhang below 30 months in the period 2018-2023; it is very likely for prices to rise in the coming years.
Besides this, the development of the Navi Mumbai International Airport, a coastal road named Nerul-Belapur-Kharghar, Kharghar-Turbhe Tunnel Road, and the build-up of the international corporate park (ICP) are going to bring a rise in flat prices.
Affordable flat prices, the presence of green expanses like an 18-hole international-level golf course and the ever-famous central park, and proximity to industrial areas CBD Belapur, Panvel Kalamboli, and Taloja are great factors to consider if buying for end-use.
Also, reputed developers named Delta Group and the Bhagwati group have their projects Central and Greens 3 located here in front of the golf course. And, golf course-facing projects usually have a constant price appreciation.
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