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Originally Posted by sreekys
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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Compared to Mumbai the rates are not high. Even compared to central Pune, NCR & Bangalore, rates in Navi Mumbai are competitive. Nowadays flats in nasik sell for 2500 psf!
Quote:
Originally Posted by sreekys
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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I compared with pune, because Pune took off mostly due to mumbai-pune expressway & proximity to Mumbai. I compared to Chandigarh bacause it is again an artificial city like Navi Mumbai. As the first planned city of India, Chandigarh is known internationally for its architecture and urban planning. It was this role model that made Maharahtra to use CIDCO. Mumbai cannot easily offer better lifestyle as compared to international cities due to the haphazard development. As compared to this, Navi Mumbai has the potential to be the next Shenzhen.