We believe that Mumbai is up to its brim and getting overcrowded by the hour. Lets say that it's satiated now.
Navi Mumbai is just about making its presence felt and there are people flocking there. So there is some more time for it to be satiated.
If you take the traffic part aside, we'd believe that Mumbai is the most convenient place to stay today and you are connected to every place by virtually every mode of transport. Buses, trains, autos, taxis all available in galore. Shopping options for women are close to Infinity (not the mall). Movie theatres galore. The equation is 1 movie and 20 screens in just one area.
Trafffic for now is not too heavy, so to speak. The transport infrastructure of Navi Mumbai is yet to develop. NMMT is nowhere close to BEST when it comes to its services. Taxis are almost inexistent. Autos have a higher fare than its counterpart in Mumbai. Currently has only one over-crowded mall and just a couple of theatres. So the options are pretty much limited
Virtually inexistent. We believe that things were done at the spur of the moment. Shops and parking lots coming out of nowhere and same goes for buildings et al. Just walk outside any railway station during peak hours in Mumbai and you'll come to know how messed up things are.
Looks like Navi Mumbai has learnt something from Mumbai. Plots are properly allotted. Ample spaces for parking allowed. Yes there are places that are virtually jammed, but they are too far and few in number. And most importantly the scene outside any station is very orderly. Trust us on that.
Things look very secure in Mumbai. Come back from office at 1:00 in the night and you'd still find hustle bustle going around. These are evident signs of how secure this place is.
Land up at any place post 10:30 PM and it will look as deserted as anything that you have seen. There are virtually no people you'd see post 10 – 10:30 PM. So we'd say its not too secure as compared to Mumbai.
In Mumbai, any place closer to a railway station is always preferred. And such places aren't available readily and if they are, then a premium is charged for such places. Sometimes it becomes unaffordable to get a decent place near a railway station
There are a lot of projects that are being currently developed and proposed that are supposedly to be in and around the railway station. And the prices are comparatively okay. And they are expected to fall as the real estate market is on an all time high nowadays.
The crowd would classify into lets say a good mix of class and mass and the ratio depends upon locality to locality.
Most of the crowd in and around this place is the mass crowd. Now that we are here, we'd add the "class" part here too. Just kiddin…
Investment in Estate
With the metro project given a kick-off, all those areas that are covered by the metro are very favorable for investment and they are meant to give you great returns both in the short and the long run.
This being an alternative to Mumbai, the returns on investment in this area would be good only in the long term. Good short term benefits are too far and few.
You'd be here if?
You seek luxurious and comfortable lifestyles with all the amenities available at a stone throw away. And you can bear the peak time traffic.
You seek a quiet and peaceful life, at least for the next couple of years. If you like to be surrounded by hills and all, please do have a look at this place. It rocks.
What we think?
We have spent a major part of our life in Mumbai. So no one can take Mumbai out of our heart. It plain and simply rocks.
It is the beginning of a new affair for us. The first month or so has been good. We would like to build upon this good beginning.
So there… our rational and un biasedviewpoints on Mumbai and Navi Mumbai. We shifted to Navi Mumbai because we had 4 chochlas (whims you can call it in English)
- Staying with parents, even after marriage (most important)
- Buy a bigger apartment than the existing one
- Buy something closer to the station
- Tax saving via housing loan repayment
And thankfully we see each of the above four (except point 1… for now) coming true and we are enjoying every bit of staying here. Its all a matter of convenience for us.