Navi Mumbai is clearly the next big growth hub of the future as far as the Mumbai real estate market is concerned. While some parts of Navi Mumbai have already achieved a large amount of growth, there are still some areas which are comparatively affordable and promise ample scope for future returns. Dronagiri is one of these nodes of Navi Mumbai which is situated within the Raigad district and at the southern point of Navi Mumbai. Dronagiri is a well-planned upcoming area which is witnessing rapid growth in housing demand and capital values alike.
Dronagiri is surrounded by the Karanja River, Uran and the Jawaharlal Nehru Port (JNPT) zone and township. Dronagiri Fort is a major attraction for tourists and residents in this locality. Properties are still reasonably priced in Dronagiri as compared to several parts of Mumbai. You will find apartments from reputed developers in the Rs.50-75 lakh price bracket here like Akshar Estonia and also properties which are priced even lower. CIDCO is rapidly developing the area into a major real estate hotspot of Mumbai.
Why does Dronagiri make for a promising real estate investment?
Infrastructural growth and subsequent housing demand are key factors which have led to Dronagiri’s rise in recent times. Here’s looking at some of the factors which make Dronagiri ideal for investment by both end users and investors.
- The Union Budget for 2019-20 has already announced a budgetary allocation of Rs. 584 crore for multiple phases of the MUTP (Mumbai Urban Transport Project). This will take care of the development of the Belapur-Seawoods-Uran railway network in Navi Mumbai. The 12 kilometre corridor connecting Nerul and Belapur to Kharkopar has already been opened up by the Central Railway and this has made connectivity smoother for Dronagiri residents.
- This is the first phase of the 27 kilometre long Belapur-Uran corridor which is being developed by CIDCO. Regular services have already commenced on the first stretch, connecting Ulwe with the Chhatrapati Shivaji Maharaj Terminus and also Panvel on the Harbour line and Thane on the Trans-Harbour line.
- This railway route has boosted overall access to the JNPT along with the Navi Mumbai SEZ and upcoming Navi Mumbai International Airport. There is also good connectivity to Pen, Panvel and Roha. The suburban line passes through Ulwe.
- Dronagiri is only 10 kilometres away from the upcoming Navi Mumbai International Airport (NMIA) and this is expected to fuel huge demand.
- There is easy access to the JNPT and ONGC alike along with a lovely beach nearby and access to several hospitals, schools, supermarkets, banks and public transportation facilities.
- The Mumbai Trans-Harbour Link or MTHL will be landing near Dronagiri and will link Navi Mumbai and Mumbai seamlessly. Travelling time through this link will be only 15 minutes as estimated. South Mumbai can be accessed easily from Mora with the node being linked by road and just 30 minutes away by waterways from Ballard Pier.
- The JNPT SEZ and Reliance special economic zone are key commercial developments sparking real estate growth in Dronagiri.
- Dronagiri is a well-planned and developed area with ample water and power supply, good roads and decent physical infrastructure.
- There are multiple industries operating here including ONGC Petro Chemicals, Balmer Lawrie and many others.
- BEST and other bus networks are active in Dronagiri, linking to Kalyan, Thane, Khopoli, Bhayander, Dombivali, Panvel, Badlapur and Uran along with other areas in Mumbai.
- The Uran railway station is just 1.5 kilometres away from Dronagiri while the Maharashtra State Highway is also easily accessible here.
- The Chhatrapati Shivaji International Airport can be accessed through the JNPT Road and is approximately 50.1 kilometres away from Dronagiri.
Social Infrastructure
Dronagiri offers good social infrastructure for residents and this is one of the key factors drawing more families to the area in recent times. Here’s taking a look at the major social amenities nearby.
Educational Institutions:
- Uran Education Society English Medium School
- Mary’s Convent High School & Junior College
- Tukaram Hari Vajekar High School
- Native Institute High School
- Rotary School
Hospitals:
- Ratan Hospital
- Nakhwa Hospital
- Sathe Hospital
- Mother Care Hospital
- Tungekar Hospital
- Paleevi Hospital
Shopping and other attractions:
- Glomax Shopping Centre
- Santeshwari Temple
- Uran Nagav Beach
- Bird Sanctuary
Future trends for Dronagiri
Dronagiri should definitely be one of the fastest growing nodes of Navi Mumbai from a real estate and commercial development perspective. CIDCO is focusing hugely on development of the locality along with infrastructural progress. Property rates are already rising in the locality and should go up more over the next few years. There is healthy scope of appreciation due to the SEZ projects nearby and also the development of the Mumbai Trans-Harbour Link, Uran-Seawoods railway line and Navi Mumbai International Airport.
These are major projects that will boost connectivity in Dronagiri immensely and drive demand for residential and commercial property in the area. There are multiple new launches and mid-stage residential projects coming up in the area. The Smart City development initiative for Navi Mumbai courtesy CIDCO, will certainly benefit Dronagiri and so will proposed metro connectivity throughout Navi Mumbai in future years. CIDCO is also planning several affordable housing ventures nearby and this will be another catalyst for progress. With the completion of the new airport, demand will rise exponentially for land and properties in the locality and prices will increase likewise.
Access to the Jawaharlal Nehru Port and Navi Mumbai SEZ will continue to be major driving factors for growth in Dronagiri. There are several industrial hubs proposed in this stretch including port based industries, light engineering entities, automobile component manufacturing zones, warehousing, logistics and apparel zones, electronic hardware manufacturing hubs and IT and ITeS providers. There will also be financial services, software, BPO and KPO entities operating here. As a result, Dronagiri will continue to be a highly preferred zone for residential real estate projects in the future on the back of infrastructure and connectivity improvements.
