All You Need To Know About DAKC Fintech Hub

The charm of Navi Mumbai as a real estate destination is going to increase manifold, with billionaire Anil Ambani’s Reliance Realty planning to develop a financial technology (fintech) hub here. Last week, the Maharashtra government gave the real estate company its approval to develop the Dhirubhai Ambani Knowledge City in Navi Mumbai’s Kopar Khairane area.

Spread in an area of 30 million square foot, the project will be constructed at a cost of Rs 14,000 crore. The project is expected to house various fintech, banking, insurance, non-banking financial institutions, information technology and services. The project is expected to take off soon with the first 15 million square foot to be constructed in next 10 years. Upon completion it would create as many as 2.5 lakh jobs.

The creation of a fintech hub will boost commercial as well as residential real estate in Kopar Khairane, one of the fastest moving real estate markets that has witnessed a growth of 40 per cent in property prices in past one year.

About locality

Data available with PropTiger.com show, property prices in Kopar Khairane at present stand at an average Rs 13,129 per square foot (psf). In 2017, average rates stood at Rs 9,400 psf.

Property seekers can find units in various configuration in the area, including  1BHK, 2BHK, 3BHK and 4BHK flats. The starting price of property in Kopar Khairane is Rs 66 lakh.

Data also show there are over 150 ready-to-move-in projects in Kopar Khairane. This makes this locality idle for those investors who expect to earn a handsome rental income. The landlords can earn an average of Rs 20,900 rent per month, data available with Makaan.com show. There are over 521 apartments available for renting in Kopar Khairane, with highest number of units available in the 1BHK configuration.