4 Factors That Make Karanjade An Upcoming Real Estate Market

Navi Mumbai is Maharashtra's well-developed suburb residential hub housing number of localities including Panvel, Nandgaon, Karanjade, Kopar, and Vadghar. Among them is Karanjade, situated in Raigad district. This locality has been identified as a perfect platform for residential property-launches by several realty developers. Enclosed by JNPT Road and Kalundre River on two sides, the locality is well-connected, has a pleasurable climate and an excellent social infrastructure. PropGuide explores the major factors that make Karanjade a promising real estate destination:

Affordable prices

Although the prices of residential properties have increased by 11.9 per cent in Karanjade in recent years, they still fall in the affordable category. Average BSP (Basic Selling Price) of an apartment in Karanjade is Rs 4,977 per sq ft. A 1BHK apartment in Karanjade could be bought at a starting price of Rs 29.63 lakh whereas a 2BHK apartment in Karanjade is available at a starting price of Rs 50.84 lakh.

Smooth connectivity

The locality possesses an integrated transportation system comprising roads, railways and airways. Karanjade is linked to Mumbai and other key areas around by JNPT Road, Urban Road, Pargaon Road and the Asian Highway 47. Maharashtra State Road Transport Corporation (MSRTC) bus service is the major public transportation in the region. The nearest stop being the S T Bus Stop, Panvel, which is three kilometres away. The nearest railway station is 6.6 kilometres from the region. The Central Railway Station and the Chhatrapati Shivaji International Airport are also in proximity.

Social infrastructure

Karanjade houses some renowned educational institutions including, Kendriya Vidyalaya ONGC, New English School, Little Angels Eco School, Commerce and Science, B P Marine Academy, etc. There are well-known hospitals like Dr A Tungekar Surgical Centre, Dr Nadkarni`s Hospital and Child Care Hospital. Branches of major banks are also situated in Karanjade -- State Bank of India, Bank of Maharashtra and Syndicate Bank.

Great investment platform

Karanjade is a picturesque location with beaches. With a well-equipped social infrastructure and proximity to prime localities of the main city, buying a residential property in Karanjade would be a smart move by a homebuyer. The investment is sure to fetch profitable returns.