Mumbai has always remain a residential hub for many people but with increasing traffic problem and property prices, Mumbaikars are now shifting their focus to the other adjoining parts of the city. One of them is Neral, which these days is emerging as a famous hotspot in the real estate sector of Mumbai.
Located 83 km from Mumbai-South and 42 km from Panvel, Neral is a serene town which comes in Raigad District of Maharashtra. Neral along with Karjat is also known as Eastern Mumbai District. The most important part is that it is well connected to Panvel, Mumbai, Thane and Pune.
So let’s take a quick look on the major facilities which are making Neral a loved housing destination among property buyers:
Infrastructure
Neral is a part of Mumbai Metropolitan Area. In recent times, this town has gained much attraction because of its unique Hill Station, Matheran which is just 6 km away from the main town and the Real Estate Development which took around the area. Neral falls in between Mumbai and Pune and the state highway connects it well to Karjat, NH4, Panvel and Badlapur.
However in the last few decades, the town has undergone a rapid development due to which it is gaining momentum among many prospective buyers. Proposed infrastructure projects such as the Neral-Dasturi Road, Naka-Matheran Road and the Badlapur-Karjat Road, which will be converted into a four-lane highway are expected to give a boost to the real estate development.
Education and entertainment
Neral is home to good number of schools, colleges as well as other institutions of higher learning such as Engineering, Medical and Pharma colleges. Famous ones include the Asian Institute of Communication and Research (AICAR) Business School, Indian Institute of Geomagnetism, Biotech Research Institute, Tata Cancer Medical Institute and Research etc which are located in Karjat.
Talking about the entertainment sector, many retail shops, hospitals and shopping areas are coming up here in near future. Currently the major shopping destination is Karjat only.
Real estate
Because of its tranquil surroundings as well as affordable property rates, Neral is becoming a hot residential hub. As compared to the surrounding areas of Karjat, Badlapur and Ambernath, the property prices here are much budget friendly. Many residential townships are already offering affordable apartments due to which people has started shifting to this area. Currently, it offers property within Rs 2,600-3,100 per sq ft. Apart from this many more reasonable housing projects from various developers are coming up in this area.
Future of Neral realty
The calm, serene and lush green environment as well as proximity to office spaces is among the benefitting factors which are attracting more and more property buyers to this place. Besides all these factors, daily amenities like regular supply of water, popular food joints, open parks and libraries are also taken into consideration. Apart from that, Neral also offers larger residential spaces at comparatively lesser rates than Mumbai.
So all the Mumbaikars who are looking to buy affordable houses, Neral is the best choice to invest.