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Real Estate Development in CBD Belapur Navi Mumbai

Posted on February 14, 2011 by Team BharatEstates.com | Pune Property Blog

Central Business District, Belapur also known as CBD Belapur is one of the fastest growing nodes of Navi Mumbai, especially in terms of Residential projects as well as Commercial projects. Primarily designed with the intention of promoting businesses the Reserve Bank of India itself has a branch in CBD, Belapur. Several other leading banks also have their branches in Belapur. The suburb also has a large number of call centers of the countrys leading providers. CBD Belapur is also well connected to Mumbai by train as well as BEST buses. And it is possible to travel from CBD Belapur to CST as well as to the western suburbs. The Harbour Line Railway service which once ran up to Panvel has now been extended up to Karjat by a new line. Palm Beach road connects it directly with Vashi. NMMT (Navi Mumbai Municipal Tansport) buses ensure it is well connected with the other nodes of Navi Mumbai as well as to Thane and Dombivali. State Transport buses also halt here plying between CBD Belapur railway station and Panvel and Uran. There is also a provision for a helipad and helicopter service which will make Belapur Station Complex accessible by air too. Within the node itself auto rickshaw is the primary mode of transport. The Technology Centre provided in the Belapur Station Complex has a total built up area of 1 million sq. feet and definitely meets international standards. CBD Belapur meets the daily needs through close by shopping malls, recreation centers, schools, colleges and state of the art hospitals like MGM Hospital has lead to urbanization in Belapur. Due to better infrastructure, wide roads and new business houses, corporate offices, software companies like ContentShoppe (ILS), Intellect Bizware, Intercon Systems Pvt. Ltd., Phonon and

call centers like ChoiceConnex , Wipro BPO and few others like Kaizen, SilkRoot etc. based in Belapur has led to considerable amount of real estate development. Builders and developers have seen real estate growth potential in Belapur and are coming up with new residential projects as well as new commercial projects. Among the ongoing /upcoming residential and commercial projects are: Sai Radiance: Residential project of 2, 3, 4 BHK apartments by Akshar Developers at Belapur, Navi Mumbai. Progressive Sea Lounge: Residential project of 3 BHK flats by Progressive Group at CBD Belapur, Navi Mumbai. Arihant Aksh: Residential project of 1 & 2 BHK apartments by Arihant Universal at CBD Belapur, Navi Mumbai. Bhoomi Mall: Commercial project for mall By Triveni Residency at CBD Belapur, Navi Mumbai. Krishna Govinda Tower: Commercial Complex for corporate offices By Kukreja at CBD Belapur, Navi Mumbai. The currently prevalent real estate rates in CBD, Belapur are approximately Rs 3,500 6,500 per sq ft while a house on rent could be had for Rs 3,000- 4,000 for a 1 BHK and a 2 BHK for Rs 5,000 Rs 6,000.