If you are looking for a house in the suburbs to suit your pocket, there's hardly a better option than Navi Mumbai. Well, your job just got a little easier. The Builders Association of Navi Mumbai (BANM) is organising its ninth property exhibition in Vashi from December 12-15 at the CIDCO ground, opposite Vashi railway station.
With plush localities like Vashi, Palm Beach Road, Nerul and Kharghar, this area has become a hot destination for home-buyers. For those interested, this year's exhibition has a wider array of housing options from lifestyle projects to affordable townships.
"Around one lakh people are expected to turn up at the event. The builder community too is upbeat about it and is expecting to generate business to the tune of Rs 250-300 crore," says Omprakash Kakwani of Jaykaybee Construction.
Haware Builders are the main sponsors of the event along with co-sponsors Shah Group, Regency Group, IDBI Bank, State Bank of India (SBI) and Iproperty.com. Around 60 builders and a large number of financial institutions are expected to participate in the event. The entire cost of the exhibition is around Rs 2 crore.
What's on the cards?
This year the thrust is on affordable housing. Nalin Sharma, president, BANM says, "People are looking at buying more moderately priced homes. This year we will be showcasing affordable housing in places like Ulwe, Kharghar, Roadpali, Kalamboli and Panvel. The properties on display will be priced between Rs 10-18 lakhs.
Moreover, the excellent infrastructure planning in Navi Mumbai makes it a good destination for mass housing."
Besides the mass projects, buyers can also look forward to different schemes. Rajesh Prajapati, trustee, BANM says, "Those visiting the exhibition can benefit from discounts on instant bookings, low budget flats, wide array of home loans, etc. People can expect discounts to the tune of 10-15 per cent."
The real estate sector in Navi Mumbai is still going strong, unlike the rest of Mumbai. This is due to a variety of reasons like sound civic development, realistic pricing and upcoming infrastructural events. "Navi Mumbai has a greater number of end users than investors. This has helped the market stay stable even in these tough times," says Manish Bathija, managing director, Paradise Group.