Of course distance from mainland city does not matter however conditions apply...India and especially mumbai does need to decongest itself which means building new cities and townships. Today it is very easy to buy car or even a house because of loans and as long as your income is steady with an increase of 10% yoy on an average you should be fine...but do you think as of today Navi Mumbai has the same or more amount of potential as the mainland city does? If yes then I have to disagree and if no then there is no reason why the rates should be so high in the first place. Which means that Navi mumbai as of today is grossly overpriced and the buyer should be aware of it and not expect a huge return immediately...now we all know why and who is behind it.....lastly comparing it with cities like pune and chadigarh is a strech because Navi Mumbai as such is only 25 years old while these cities have a good old legacy to them and hence self sufficient. The only reason the future for navi mumbai is brighter than these two cities is its proximity to mainland mumbai...we can deny it as much as we want but thats the fact and thats my opinion.
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Originally Posted by jadhav_ravi
So why does the distance from the mainland city matter so much. Navi Mumbai by itself has the potential to be the next Chandigarh in making. If Pune can capitalise and be a success being 100 miles from Mumbai then Navi Mumbai is better placed. Thane/Chembur and Sewri links turn Navi Mumbai to be a suburb much closer than most eastern/western suburbs.
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