‘Annual Housing Stock around Navi Mumbai’s Airoli to Touch 1.85 lakh units by 2030’

Mumbai, December 18, 2024: Driven by connectivity, competitive prices, proximity to key business hubs, and easy access to essential social infrastructure, the annual housing stock in the vicinity of Navi Mumbai’s Airoli is expected to cross 1.85 lakh units by 2030, according to a report by Liases Foras.

The report says that, major infrastructure projects including the under-construction Airoli-Katai Naka freeway, proposed Ghansoli Airoli Palm Beach extension, under-construction Vikhroli-Badlapur metro line, under-construction Navi Mumbai airport, under-construction Goregaon-Mulund link road and proposed Kalwa-Airoli elevated rail corridor are set to propel real estate markets around Navi Mumbai’s Airoli.

Presently, the housing market in proximity to Navi Mumbai’s Airoli has more than 1,100 active projects with a cumulative supply of about 1.94 lakh units, of which 51 per cent have been sold, leaving around 96,700 units marketable in the current year. These projects offer a wide range of options in terms of unit configurations and sizes.

Managing Director, Liases Foras, Pankaj Kapoor said, “The area in and around Airoli presents as a goldmine for home seekers, investors and businesses as the housing stock is expected to nearly double to 1.85 lakh units by 2030. Separately, the seamless connectivity with 30-40 per cent less travel time to important business hubs and the upcoming Navi Mumbai International Airport, positions Airoli as a prime destination and solidifies it as a growth driver of Navi Mumbai.”