- The office space segment demonstrates solid price growth of 4.08%.
- Average rental rate for office spaces is ₹149 per sq ft, with a 1.36% increase.
- Sanpada Sector 7 shows robust price appreciation of 11.56%.
- Sector 11 Kopar Khairane exhibits strong price growth of 18.73%.
- Vashi Sector 29 recorded an 11.77% price increase.
- Availability of "Ready To Move" properties (6 units) and "Well Occupied" (5 units) offers diverse options for buyers.
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Property Rates in Turbhe, Navi Mumbai
Comprehensive Market Snapshot
Turbhe in Navi Mumbai presents an active real estate market, particularly for commercial properties. Office spaces are a key segment, showing positive price growth. The rental market also exhibits notable activity, with specific property types commanding significant rates. This dynamic environment offers varied opportunities for both buyers and tenants.
- Office spaces in Turbhe average ₹20,619 per sq ft, experiencing a 4.08% price increase.
- "Ready To Move" properties are available at an average of ₹17,175 per sq ft.
- The average rental rate in Turbhe stands at ₹149 per sq ft.
- Office spaces for rent average ₹149 per sq ft, showing a 1.36% increase.
- Kukreja Gopala Apartment in Vashi, Turbhe, is listed at ₹27,455 per sq ft.
- Average Rental₹ 149 /sq.ft
Insights for Turbhe, Navi Mumbai Real Estate Market
Turbhe's property market in Navi Mumbai is characterized by a dynamic commercial sector, with office spaces showing consistent demand and price appreciation. While residential asking prices for the entire locality are not explicitly available, specific sub-localities within and around Turbhe indicate varied pricing structures. The rental market is quite vibrant, particularly for office spaces, reflecting the area's commercial importance. Property statuses such as "Ready To Move" and "Well Occupied" offer diverse options for buyers and investors.
- Office space prices in Turbhe have seen a 4.08% rise, reaching an average of ₹20,619 per sq ft.
- "Ready To Move" properties are priced at ₹17,175 per sq ft, while "Well Occupied" units average ₹15,162 per sq ft.
- The average rental rate for office spaces is ₹149 per sq ft, showing a 1.36% increase.
- Sanpada Sector 7 records a notable 11.56% increase in average property rates, reaching ₹31,189 per sq ft.
- Sector 11 Kopar Khairane demonstrates significant price growth of 18.73%, averaging ₹24,242 per sq ft.
- "Ready To Move" properties experienced a notable price decrease of -11.84%.
- "Well Occupied" properties saw a slight price decline of -0.92%.
- Kukreja Gopala Apartment and Jitendra Nivas show marginal price decreases of -0.64% and -1.28% respectively.
- Plot rentals experienced a significant -11.29% change.
- Office space segment shows strong price appreciation of 4.08%, averaging ₹20,619 per sq ft.
- Office space rentals have increased by 1.36%, with an average rate of ₹149 per sq ft.
- Property in Sanpada Sector 7 has seen robust price growth of 11.56%, reaching ₹31,189 per sq ft.
- Sector 11 Kopar Khairane recorded a significant 18.73% price increase, with properties averaging ₹24,242 per sq ft.
- Vashi Sector 29 shows healthy price appreciation of 11.77%, with an average rate of ₹27,794 per sq ft.
Property Price Trends in Turbhe, Navi Mumbai
Turbhe's property market primarily showcases its commercial strength, with office spaces averaging ₹20,619 per sq ft. This segment has experienced a healthy 4.08% increase, indicating robust demand for commercial properties. This focus on office spaces highlights the area's appeal as a business hub within Navi Mumbai.
Turbhe's property market offers options across different development stages. "Ready To Move" properties, with 6 available units, are priced at an average of ₹17,175 per sq ft, though they have seen a -11.84% change. "Well Occupied" units, totaling 5, average ₹15,162 per sq ft, with a slight -0.92% change. This diverse offering allows buyers to choose based on their immediate occupancy needs or investment strategies.
Turbhe's surrounding areas present a diverse pricing landscape for potential buyers. Vashi Sector 19d stands out with an average rate of ₹32,147 per sq ft, reflecting a significant 5.49% increase. Sanpada Sector 7 also shows robust growth, with rates averaging ₹31,189 per sq ft and an 11.56% rise. Meanwhile, Sector 11 Kopar Khairane has seen an impressive 18.73% increase, reaching ₹24,242 per sq ft, indicating strong appreciation in this micro-market.
Project and Developer Insights
In Turbhe, several projects in the Vashi locality command notable asking prices. Kukreja Gopala Apartment leads with a current rate of ₹27,455 per sq ft, despite a -0.64% change. Vashi also features projects like Jitendra Nivas at ₹15,213 per sq ft and Dinprabha Apartment at ₹15,198 per sq ft. Om Arcade Turbhe, with a rate of ₹15,162 per sq ft, notably saw a 1.15% increase, indicating positive movement for this specific project.
Property Rental Trends in Turbhe, Navi Mumbai
The rental market in Turbhe's vicinity presents varied rates across sub-localities. Sector 11 Kopar Khairane offers rentals at ₹58 per sq ft, while Sanpada averages ₹78 per sq ft with a -1.27% change. For higher-end options, Palm Beach commands ₹95 per sq ft, showcasing a range of rental opportunities across these sub-localities.
Turbhe's rental market highlights the strong performance of office spaces, averaging ₹149 per sq ft and showing a 1.36% increase. Plots are also available for rent at ₹55 per sq ft, though they experienced a -11.29% change. This indicates a diverse rental landscape catering to both commercial and land-based requirements.