Navi Mumbai is to witness major developments with the proposed
Special Economic Zone (SEZ) planned by Reliance and CIDCO. Mumbai
western suburbs have already seen some major commercial occupancy
especially in the BPO segment.
Next in the line is Thane, which is making rapid strides particularly
regarding to residential properties with satellite town to be
developed there soon. Then, there are shopping malls, connectivity
and vast green belts strengthening its prospects even further.
Fishman Holdings is to come up with hi-tech, commercial and office
project at an investment of $330 million in Thane, north of Mumbai.
The proposed international airport project in Navi Mumbai is
pushing up plot rates in locations like New
Panvel, Kalamboli and Kharghar. The airport will support
the rapidly growing air travel needs of the Mumbai Metropolitan
Region.
