Realty Trends In Kamothe
Kamothe is one of the prominent localities in Navi Mumbai. Kamothe is located on the Sion-Panvel Highway. It is the third node after Panvel and Khandeshwar towards Mumbai. Kamothe is divided into 48 Sectors, these sectors are systematic and are in a planned manner. Kamothe is one of the slum-free and modern city of Navi Mumbai. With basic infrastructure already in place, Navi Mumbai is readily able to accommodate the influx from large scale shift of population from business, commercial and industrial sectors from Mumbai and elsewhere. Kamothe has large network of wide roads.
Mansarovar and Khandeshwar that lie on the harbour line are the two railway station connecting Kamothe. It is a part of Mumbai suburban railways. It takes apprximately 70 minutes from Mumbai CST to reach Kamothe. The wide road that connects Mansarovar and Khandeshwar railway stations will make commute easier. Auto rickshaws are the primary means of local transportation. Buses serve as a much cheaper means of transportation over a long distance to various cities through Navi Mumbai. There is a proposed metro rail project by CIDCO in Kamothe. Which means this locality may eventually have a metro connectivity. The Sewri-Nhava Sheva sea link will further improve connectivity in Navi Mumbai area.
Though the price trends on Kamothe locality have been witnessing various surges and dips. The upcoming Navi Mumbai International Airport near Kamothe has boomed the real estate of Kamothe. There are a number of residential projects coming up in Kamothe. CIDCO is also actively planning to constantly improve the infrastructure to accommodate the constantly increasing number of people looking to move into Kamothe. They are planning to build shopping malls which should add more value to the market and make the town one of the better localities in Navi Mumbai. Residential properties at Kamothe is majorly targeted towards the middle- to lower-middle-income segments, with most residential projects having one-, two- and three-BHK flats. There are plenty of options for residents in Kamothe for daily shopping. Cidco plans to build shopping malls, and this should make area a preferred location in Navi Mumbai.
A mini-special economic zone off Panvel, has been developed primarily focusing at the information technology/information technology-enabled services industry. It would have an integrated township of residential and commercial buildings, education institutions and entertainment malls, and this would boost the value of properties at Kamothe considerably. Property prices at Kamothe are approximately around Rs 5,780 to 6,460. Main reason for massive price rise the Planned International Airport. Price have Sky rocketed after the news of the airport came and seem they would do so as the airport will be constructed and completed. It can be seen that the investment will pay of huge sum within next 10 years. Too many developments in this area has brought in a good amount of attention to this area. Kamothe holds a very good investment potential in the long run. Infrastructural improvement is making the area investment-centric, with considerable potential of long-term appreciation.