Kamothe: Navi Mumbai’s Next Major Suburb


Nestled between Kharghar and Panvel, Kamothe is a fast-developing node of Navi Mumbai, which is developed and maintained by City and Industrial Development Corporation (CIDCO). Since real estate in Kharghar is nearing the saturation point, the demand for Kamothe property is on upswing for people who are interested in budget homes and cannot afford high priced homes in Kharghar.

Kamothe is located on the Mumbai-Pune Expressway, and it shares borders with the CBD of Belapur. This locality is bordered by Taloja in North-east, Panvel in south and Kharghar in north and Kalamboli in the east.

Accessibility to Kamothe

Kamothe provides excellent connectivity to areas like Kalamboli, Kharghar and Panvel. The new projects in Kamothe are very near to the two railway stations, Mansorvar and Kandeshwar, which lie on the Harbour Line. The resident of flats in Kamothe are benefitted by both these stations as they are just a stone’s throw away, and one can reach Chatrapati Shivaji Terminus (CST) in 80 to 85 minutes.

To travel within the suburb, one can find buses that run regularly between stations and various nodes through Navi Mumbai. Buses that originate from Panvel pass via Kamothe to Thane, Navi Mumbai and across Mumbai. Other quick modes of transport are autos and rickshaws, which also comes to the disposal of people residing in flat in Kamothe.

Another advantage of this locality is that it is very near to Vashi and to Mumbai-Pune-Goa Highway, and the people interested in taking advantage of these facilities, opt for properties in Kamothe.

Apart from all this, the proposed Metro rail will be operational very soon in Sector -10 of Kamothe. Also, the proposed international airport is coming up in Navi Mumbai, which is increasing demand for property in Kamothe. The Sewri-Nhava Sheva sea link will further enhance connectivity to Navi Mumbai area, Mumbai and Pune.

Entertainment

Kamothe has loads of malls nearby and recreation clubs and spa, where one can entertain and rejuvenate themselves. There are Glomax Mall, Fountain Square Mall and Little World Mall, where one can go shopping and dining.

Recreation clubs like Vihangs Palm Club, Waterstones Country Club and Spa and Matoshri Arts and Sports Club come to the rescue from the daily hectic schedule and provides load of sports and fun activities and beauty treatment to its members.

Real Estate Growth

Kamothe is a well-known township which mainly consists of multi-storey apartments with configuration of 2 BHK in Kamothe and independent floors. The prime reasons for the growing residential projects in Kamothe are:

  • Planned node with all the facilities and amenities
  • Proposed Navi Mumbai Airport is just 3 km away
  •  Coming up metro rail in Sector 10 in Kamothe
  •  Roads are wide and newly laid
  • In close proximity to Mumbai-Pune Expressway
  • Near to Central Business District (CBD) Belapur

With CBD-Belapur nearby, professionals working there look for flats for sale in Kamothe for end use and some look for 1BHK in Kamothe for residential purpose. Apart from it, the connectivity is the major boon for this locality and builders are opting Kamothe in favor to Kharghar for new projects. Some of the prominent builders who are offering apartments here are Marble Group, Platinum Developers, Akshar Developers and Tharwani Developers. The upcoming projects in Kamothe have facilities like RO water system, reserved parking, 24 hr power backup, gymnasium, swimming pool, internet and Wi-Fi connectivity.

Price trends

Return on Investment for a flat for sale in Kamothe is witnessing a 5% decrease q-o-q. The prices are:

  • Highest locality price: Rs. 17700 per square foot
  • Average locality price: Rs. 9600 per square foot
  • Lowest locality price: Rs 1500 per square foot.

Owing to its strategic location, investment in Kamothe will yield fat returns in the long run. The demand is due to the affordable and budgeted prices when compared to the Kharghar region. Kamothe has the potential to grow as the next future suburb.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s