According to a report by the real estate consulting firm Liases Foras, the yearly housing stock in the neighbourhood of Navi Mumbai’s Airoli is predicted to surpass 1.85 lakh units by 2030, indicating that infrastructure initiatives in the Navi Mumbai area are propelling the residential real estate market in the area.
According to the survey, strong connectivity, affordable and competitive real estate pricing, proximity to important corporate centres, and simple access to necessary social infrastructure are all factors contributing to Airoli’s real estate boom.
Around 51 percent of the 1.94 lakh units in the property market in Navi Mumbai’s Airoli have already been sold, leaving roughly 96,700 apartments available for purchase this year. There are currently over 1,100 active projects in the area.
The research also noted that the yearly housing inventory increased by 16 percent from 83,500 units in Q2 FY2022-23 and by 50 percent from 64,500 units in Q2 FY2020-21 to 96,700 units in Q2 FY2024-25.
Source: Money Control