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Dronagiri: Upcoming infrastructure make it a safe but long-term bet

Sangeeta Dubey bought a 2-BHK in Dronagiri and is happy with her decision. It was the only location in Navi Mumbai, where she could buy such a big house with her small budget. Dubey R

January 20, 2017 / 09:00 AM IST

Sangeeta Dubey bought a 2-BHK in Dronagiri and is happy with her decision. It was the only location in Navi Mumbai, where she could buy such a big house with her small budget. Dubey isn’t the only one, as this node’s planned infrastructure, has attracted quite a few investors. A senior official from the City and Industrial Development Corporation (CIDCO) said that the agency ‘tried to correct all the mistakes that we made while developing Vashi, Ulwe and Kharghar, while designing the master plan for Dronagiri.’
Dronagiri, an upcoming suburb, is located 22 kms away from Vashi and about three kms from Uran. Residential areas in the node are located to the west and north-west, while the Jawaharlal Nehru Port Trust (JNPT) area and township are in its northern part.
Why is it becoming attractive for buyers? According to Rajesh Prajapati, managing director of Prajapati Constructions Ltd, “The area has plenty to offer, to prospective home buyers. From close proximity to employment areas such as ONGC and JNPT, to Uran’s nearby scenic beach which makes for great weekend getaways, Dronagiri has it all.”
Also, due to its proximity to the port, this zone is ideal for commercial development. Properties in the region also have the potential to generate healthy rental income, as the area meets the ‘walk to work’ criteria. Dronagiri has several good under-construction properties and large-sized plots, which are ideal for gated communities and high-rises at affordable rates.
Upcoming infrastructure The area benefits from all the advantages that a planned city can have – broad and clean roads, power and water supply and the availability of hospitals, schools, colleges, supermarkets, banks and transport in the residential sectors. Moreover, it is only 10 kms away from the proposed Navi Mumbai International Airport.
See also: Dronagiri: Physical infrastructure and liveability
The Mumbai Trans-Harbour Link (MTHL), which aims to connect Mumbai and Navi Mumbai via a 22-km-long bridge, will land close to Dronagiri. The travel time on the link would be just 15 minutes. The railway project from Seawoods to Uran is under construction and one can also access south Mumbai from Mora. The node is already connected by road and it is also merely half-an-hour from Ballard Pier, by waterway.
Akshay Agarwal, director, Arihant Superstructures Ltd, is of the view that, “The economic and infrastructure projects like the JNPT SEZ and airport, are the biggest drivers for the region.” The development of the special economic zone by Reliance, is expected to attract more professionals to the area.
Job prospects Demand for residential property is expected to increase, as people employed in these sectors will need to live in the immediate vicinity.
See also: Dronagiri: Social infrastructure and lifestyle
According to Nagesh Gharat, a real estate consultant from the area, “Several home buyers from Mumbai and Navi Mumbai have already started investing in properties in the area. They are attracted by the prospect that once companies start coming in, they will bring new employees to the area. All these employees are then expected to buy or rent properties here.”
Affordability The prices for flats, are in the range of Rs 3,700-4,800 per sq ft. Presently, construction projects are concentrated in sectors 15 and 47.
Property consultants advise that this is an ideal time to invest, as in the next two years, the inventory of under-construction properties will increase in all the sectors. Then, prices are likely to increase.
To join a discussion thread on properties in Dronagiri, click here.
Issues of concern Due to Dronagiri’s proximity to JNPT, there are many commercial vehicles on the roads, resulting in pollution.
Devesh Kumar who is searching for flat in Navi Mumbai said, “We did not like the location as we felt that it was not liveable. It is likely to remain so, for the next few years. Also, the roads are not safe.”
Another major concern, is the area’s social infrastructure, which is average. There is only one shopping mall and other facilities are also at a basic level. “It will take some time for the area to develop. If you can wait for another seven to eight years, then this place is worth investing,” concludes Prakash Awadh, a local developer.
By: Housing.com/news

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