Price of properties in Kamothe raised by Rs.500 after Airport aproval

Growing by leaps and bounds, Kamothe has rapidly emerged as the next residential destination in Mumbai. Often addressed as Mansarovar, Kamothe located on the Harbour line has created a niche of its own in the Mumbai real estate market, and that too in a relatively short span of time.

Kamothe started developing as a node secondary to Kharghar, but gaining increased attention it has now earned the reputation of a distinct self-contained entity. This sought after residential address is located adjacent to CBD (Central Business District) of Belapur with Khargar surrounding it from North & N. East. Tajola MIDC is positioned on the east of Kamothe with Kalamboli lying on the south-east and Panvel towards the South. The rate at which Kamothe has transformed into a promising residential address has been surprising. Kamothe is enjoying the ‘affordable homes’ attention it is receiving from the home buyers and has already housed a number of people considering the price advantage.
The electrifying development of Kamothe can also be attributed to its strategic location between the suburbs of Kharghar and Khandeshwar. Thus, it offers a high degree of untapped real estate potential which has been rightly cashed-in by the real estate developers. The Nodal agency Cidco has ascertained that Kamothe is well-planned and advancing in the right direction. The upcoming Navi Mumbai airport will be in close proximity to Kamothe which will further add to its location advantage and also invite more investment-purpose buyers resulting in a price hike at a later stage. The basic infrastructure in this node of Navi Mumbai has also been put together by Cidco. The node is fast becoming a favorite among the middle and the lower middle class. Most of the residential projects based here are offering 1, 2 or 3 BHK apartments.
Budget housing, above all, has been the most instrumental in the stupendous growth of Kamothe as a residential sector. Plenty of land is available for development as the area is in the budding stages of development. Kamothe as a suburb offers reasonably priced residential properties that drive the demand. Most of the completed residential projects are booked to an extent of nearly 80 percent. At present, Cidco has started developing Sector 27 while several others are in the pipeline. Thus, the residential projects in Kamothe are fast increasing in number seeing the more-than-positive response of the property buyers. Though the basic infrastructure is right in place, the supporting infrastructure for education or refreshment purpose like schools, universities, entertainment and shopping centers, etc. will take some time. This should not be seen as a drawback because Kamothe is in close proximity to Kharghar and that makes up for the absence of all such facilities.
However, a start has been made in this direction as well with several eateries and hang-out spots finding their way in Kamothe. As per the observation, there has been a phenomenal increase in the number of people relocating to Kamothe and the speed with which this has happened is more alarming. The rail and road network is already in place with the Mansarovar Station connected to the Harbour line and highway connected to the road. The infrastructure has to be strengthened further seeing the growing population. The bus network has to be developed at a faster rate for convenient travel to the internal parts of the city.

Currently, the residential properties in Kamothe are priced at an economical range varying only with specific location. Kamothe is drawing more and more prospective buyers as it is a cheaper alternative when compared to Kharghar for the budget-conscious middle segment of the society.