Moneycontrol.com-Infrastructure upgrades drive real estate growth in Navi Mumbai’s Airoli, 1.85 lakh units expected by 2030: Liases Foras
Infrastructure projects in the Navi Mumbai area are driving the residential real estate market in the region as the annual housing stock in the vicinity of Navi Mumbai’s Airoli is expected to cross 1.85 lakh units by 2030, according to a report by Liases Foras, a real estate consultancy firm.
The report stated that the real estate growth in Airoli can be attributed to robust connectivity, competitive and economical property prices, proximity to key business hubs, and easy access to essential social infrastructure.
Presently, the housing market in proximity to Navi Mumbai’s Airoli has more than 1,100 active projects with a cumulative supply of about 1.94 Lakh units, of which around 51 percent have been sold, leaving around 96,700 units marketable in the current year, the report highlighted.
