You Could Afford To Live Big At Neral

You are aware that an average 900-1,200 square foot (sqft) 2BHK apartment in Mumbai could be priced several crores. Now, what if you get a 1,000 sqft apartment in this city for only Rs 30-40 lakh? It is possible if you are alright going about 75 kilometres south of the city. We are talking about Neral here, a town located in Raigad district in Maharashtra. The locality is well connected with Mumbai, and you will be spending approximately two hours to reach Mumbai from here. Neral is well connected to Panvel, Thane, Matheran and Pune as well.

Thanks to the fast-paced infrastructure development and emerging real estate projects, Neral is fast becoming a destination of choice for Mumbaikars.

To reach Neral, you have to take the Bengaluru-Mumbai Highway, which is seamlessly connected to the Mumbai-Pandharpur Road and the Mumbai-Pune Highway. Neral along with Karjat has been identified as an emerging eastern Mumbai district, offering tremendous potential.

The state highway across Neral flows smoothly to Panvel, Karjat and Badlapur, and the National Highway-4 as well. People who travel between Mumbai and Neral prefer to take the route that goes via Panvel.

The location doesn't disappoint serious homebuyers when it comes to affordability. A spacious, good-quality 1,500 sqft apartment can be purchased for Rs 50 lakh. If we talk about the average price ranges, it ranges between Rs 2,200-5,500 per sqft. These prices are competitive enough to make you think and act. Right? Even if you compare the pricing with the surrounding areas such as Karjat, Ambernath and Badlapur, Neral properties stand better.

Real estate developers such as Olympeo, Rajwada Corporation, Vijay Estate and Rapid Construction are offering residential properties in Neral.

The town is well equipped with civic and social infrastructure, including educational institutes such as Matheran Valley English School, AICAR School, VY Kothari English, Dilkap College of Engineering and Veeracharya Technical Institute, and healthcare centres such as Dhirubhai Ambani Hospital, Sai Samarth Hospital and Panvel Hospital.

What about the future prospects of buying property in Neral? Industry experts believe that the upcoming infrastructure projects will be the major game changers for the real estate market in Neral. This includes conversion of the Badlapur-Karjat road into a four-lane highway; upgrades to the Neral-Dasturi Road, the Karjat-Murbad Road and the Naka-Matheran Road.