Mumbai is one of the most preferred real estate destinations in India. However, there has been a paucity of space in the ‘city of dreams’ lately. This is the reason why more people are seeking investable property options in regions that lie on the outskirts of Mumbai.
Kamothe is one such area that is gaining a lot of popularity. The area is developed by CIDCO and offers convenient access to employment hubs and a bustling lifestyle. Kamothe also borders the Mumbai-Pune Expressway.
Let us have a better look at the several aspects that drive the real estate market of Kamothe. Also, we will find out whether it makes for a viable choice of real estate investments.
Diverse Options
The availability of affordable and premium properties in Kamothe caters to a wide range of investors, from mid-income to high-end investors. This factor adds to the versatility of the real estate market in Kamothe, making it an attractive option for real estate investment. So whether you are researching the price of 1 BHK flat in Kamothe or looking for a bigger house for your family, you will come across a bunch of amazing options.
Lucrative Returns and Rental Demand
With excellent Year-on-Year growth, Kamothe has positioned itself as a promising investment option in the real estate market. Investors can expect significant returns on their investments, considering the positive growth trends in the region.
Kamothe’s proximity to employment zones has also led to a rise in rental demand in the area. The increasing number of people seeking employment in nearby areas has resulted in a surge in demand for rental properties. This makes it an ideal location for real estate investors looking for a little extra rental income.
Ease of Connectivity
Kamothe’s connectivity has made it a popular location for real estate investment in Navi Mumbai. The area is well-connected to Mumbai and other parts of Navi Mumbai through the Sion-Panvel Highway and major roads like Greater Khanda Link Road, Kamothe Gaon Road, and Maitri Street. Khandeshwar Railway Station, located within two km, offers seamless connectivity to other areas via railways.
Additionally, the area has a strong network of public transportation, including BEST, NMMT, and MSRTC bus services, further enhancing connectivity. Chhatrapati Shivaji Maharaj International Airport, at a distance of 35 km, offers domestic and international travel to the residents. This robust connectivity through multiple modes of transportation has been a key driver of real estate demand in Kamothe, making it a sought-after location for real estate investment in Navi Mumbai.
Top-Notch Social Infrastructure
Kamothe is a sought-after location for real estate investment for a bunch of reasons. The area boasts various social amenities such as prominent educational institutes like the National Institute of Fashion Technology (NIFT), Institute for Technology & Management, DAV International School, and Ryan International School, which attracts a lot of students each year.
Additionally, there are famous hospitals in the locality, including Jeevan Jyot Hospital and Matoshree Multi-specialty Hospital, ensuring residents’ healthcare needs are met.
Furthermore, residents can enjoy shopping at the prominent malls located within 5 km of the locality, such as Orion Mall and Mahalaxmi Mall. The presence of these social and retail infrastructure facilities enhances the overall livability of the area, making it an attractive option for real estate investment.
Conclusion
Overall, Kamothe is a fantastic place for investment purposes. Owing to features like amazing connectivity, state-of-the-art social infrastructure, proximity to employment areas, and diverse real estate choices, Kamothe makes for a promising investment opportunity. This has led to an increased demand for real estate in the area and has thus also resulted in a rise in property prices. This further makes it a fantastic investment opportunity for people looking to invest in the area.