‘Mumbai 2.0’ is ready to reduce the burden on the financial capital Mumbai. The property market of Mumbai’s neighboring city Navi Mumbai has seen a 23% jump. After Atal Setu, Navi Mumbai Airport is now ready to provide great speed to the neighboring city. This historic moment of successful landing of the first commercial aircraft for Navi Mumbai Airport will prove to be a major gateway for Mumbai 2.0.

In Mumbai and Thane, there has been a decline in flat sales. At the same time, the neighboring city Navi Mumbai is seeing a 23% jump in housing sales. Apartment sales declined by 3% in Greater Mumbai and 6% in Thane in 2024 compared to last year, but a good growth of 23% was recorded in Navi Mumbai.

Anarock’s report said that Greater Mumbai recorded housing sales of 1,07,530 units in 2024, while 1,10,450 were sold in 2023, a decline of about 3% as compared to last year. In neighboring Thane, sales were 19,240 units in 2023, which came down to 18,165 units in 2024. An annual decline of 6% was observed in SAIL. But in Navi Mumbai, compared to the sale of 24,180 houses in 2023, 29,640 houses were sold in 2024, showing an annual growth of about 23%.

Anuj Puri, chairman of real estate consultant Anarock Group, is not only seeing these figures as a big relief for Mumbai, but also believes that with the expansion of Navi Mumbai, the dream of affordable housing i.e. a cheap house for the Mumbai residents is now possible. will be.

Anuj Puri said that there will be pricing balance in Mumbai housing sector, land will be available, the dream of affordable houses will be fulfilled. Navi Mumbai is witnessing a boom due to connectivity, Navi Mumbai Airport will bring even bigger boom. Nearby cities will be connected. The youth comes to Mumbai in large numbers for work, now they will look for options only there.

Arvind Nandan, managing director of property consulting firm Savills India, hopes that in a short time, Navi Mumbai will see a huge expansion in commercial property and offices of big companies.

Arvind Nandan told that people travel so far for work, why would they do it now? Companies will start their offices, new companies will come. But it will take some time, 4 to 5 years. Connectivity has become such that you can reach it in 20 minutes. These figures indicate that in the coming time, the burden of overcrowded and extremely expensive Mumbai will not only be seen reducing. Rather, the development of neighboring cities will give further impetus to the economic state.