Demand for property in Karanjade has gone up with better connectivity and development of infrastructure. Karanjade lies in
Navi Mumbai and offers several mid range and premium projects for buyers. There are several ready to move projects in the area while 1 and 2 BHK housing units are predominantly available here. Leading developers like Space India and Neelkanth are highly active in the area.Karanjade offers a strategic advantage since it lies closest to the proposed International Airport in Navi Mumbai. The area offers gorgeous views of the Sanjay Gandhi National Park and is also located in close proximity to Panvel. The CIDCO will also be developing several nodes in Navi Mumbai under its Smart City Mission and this will boost Karanjade as well. The Airport, JNPT expansion and national highway expansion projects will also boost Karanjade. The CIDCO will also be using the land allotted earlier for the Videocon SEZ to build 10, 000 affordable homes which will cover Karanjade,
Dronagiri and Kamothe.Karanjade is a well planned area and is bordered by the JNPT Road. The area will also benefit from the construction of a railway station in the future as planned by CIDCO. The Pargaon Road, Urban Road and Asian Highway 47 are major thoroughfares near the area. The MSRTC bus network can be accessed here while the nearest railway station lies around 6.6 kilometres away from the locality. The Chhatrapati Shivaji International Airport lies around 43.4 kilometres away from the area while the Central railway station lies 47.6 kilometres away from it.Karanjade offers good social infrastructure to residents as well. Leading educational institutions in and around the area include the Little Angels Eco School, Kendriya Vidyalaya ONGC, B.P. Marine Academy, New English School and many others. Hospitals like the Preetam Ganate Hospital, Ameya Mother and Child Care Hospital, Dr Nadkarni’s Hospital, Dr Dave’s Ayurvedic Wellness Centre, Gandhi Hospital, Purohit Hospital, Life Line Hospital and others are also located near the locality. Several banks like the Syndicate Bank, SBI, BOI and Bank of Maharashtra have their branches in the locality. The D-Mart and Nagar Parishad Market are located in close proximity to Karanjade. There are several health centres in the locality as well.Property prices have gone up by approximately 8.16% in the area as per Q3 2015 and average prices stand at around INR 4, 475 per sq. ft. here for the same period. Popular projects include Neelkanth Krupa, Mango Shubh Vasant and Kuber Krishna Solitaire to name a few. With better connectivity and the completion of the Airport project, development levels will go up hugely in Karanjade. The completion of the Airport will lead to the creation of surrounding infrastructure in the form of access roads, junctions, flyovers and also civic infrastructure. Several business zones may also come up in the area in the near future.
