Last year, Properties in Airoli had a price appreciation of almost 10%. It is expected that in the coming years, the demand for residential and commercial properties will also increase. Development in connectivity, transportation, and the overall infrastructural sector made this possible. Check out this article to know why to invest in Airoli, current property rates in Airoli, and the best property in Airoli to buy.
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Airoli: Overview
Airoli is a suburb located in the northern region of Mumbai, Maharashtra. It is situated on the Thane-Belapur road. And it is one of the most rapidly developing areas in Navi Mumbai.
The area was once a small village, but due to its proximity to the commercial hub of Navi Mumbai, it has undergone a significant transformation over the past few years.
Airoli: Connectivity
Airoli is well-connected to the rest of the city by road and rail. The Thane-Belapur road that passes through Airoli is a major arterial road that connects the Mumbai-Pune Expressway to Navi Mumbai.
The area is served by the Airoli railway station, which is a part of the Mumbai suburban railway network. It is also a proposed station for the upcoming Navi Mumbai Metro.
Chhatrapati Shivaji Maharaj International airport is easy to reach through Airoli. As it is just 19.9 km away with a travel time of 70 minutes.
Rabale station is also near Airoli within a distance of 2.6km
The area is home to several educational institutions, hospitals, parks, banks, and shopping centers, making it an ideal residential location.
The presence of several IT parks and commercial establishments has led to an influx of professionals who are employed in these industries.
This has resulted in the development of numerous housing societies, which offer a range of housing options to suit different budgets.
Airoli is also known for its scenic beauty and the presence of several parks and lakes. One of the most popular attractions in the area is the Airoli Bridge, which offers a panoramic view of the creek and the surrounding hills.
Overall, Airoli is a thriving suburban locality that offers a good quality of life to its residents.
Airoli: Upcoming Developments
Construction of the Belapur to Khandeshwar metro line to improve connectivity from Airoli to Navi Mumbai
Construction of the Navi Mumbai airport within 22km from Airoli.
CIDCO project to prohibit illegal construction in Airoli.
Planned to improvise the eco-tourism facility in Airoli by adding a floating jetty and three extra boat rides.
Underground passing of power cables to maximize power stability.
Real Estate In Airoli: Residential Property
The residential properties of Airoli mainly consist of independent homes and society apartments.
Last year, apartments in the Airoli had a price appreciation near to 10%.
The average price of houses in Airoli is around Rs. 14000 per sq. ft. And the buying price of 1 BHK flat or apartment is around Rs. 25 lakhs.
And for the 2 BHK flats or apartments, the initial price is around Rs. 40 lakhs.
Reputed developers such as Haware properties, Goodwill developers, Swaraj builders, Raikar group, etc provide luxurious flats and apartments to homebuyers in Airoli.
The monthly rent in Airoli for 1 BHK flats and apartments is around Rs. 8000 to Rs. 30000.
Real Estate In Airoli: Commercial Property
The commercial property in Airoli ranges from offices, shops, etc.
The availability of multiple employment zones such as Mindspace Airoli, TTC industrial, Gigaplex IT park, etc grabs the attention of real estate developers.
In Airoli, the majority of the retail outlets are located in sector-19.
The initial price of commercial shops in Airoli is almost Rs. 11000 per sq. ft. This makes a 200 sq. ft shop available at the price of Rs. 22 lakhs.
And the office space of 100 sq. ft area will cost around Rs. 30 lakhs.
Latest Property Rates in Airoli
The below-mentioned are the latest property rates in Airoli for apartments and independent houses.
| Apartments | Independent House | ||
| Area | Average Price per sq. ft | Area | Average Price per sq. ft |
| Sector 1 | Rs. 6787 | Sector 2 | Rs. 12219 |
| Sector 3 | Rs. 11364 | Sector 3 | Rs. 12830 |
| Sector 7 | Rs. 12832 | Sector 5 | Rs. 8052 |
| Sector 8 | Rs. 11304 | Sector 7 | Rs. 12430 |
| Sector 8A | Rs. 11330 | Sector 8 | Rs. 15279 |
| Sector 9 | Rs. 10107 | Sector 8A | Rs. 10432 |
| Sector 10 | Rs. 10680 | Sector 10A | Rs. 11982 |
| Sector 10A | Rs. 12388 | Sector 15 | Rs. 14893 |
| Sector 14 | Rs. 16879 | Sector 16 | Rs. 7913 |
| Sector 15 | Rs. 10191 | Sector 18 | Rs. 7604 |
Is Airoli Good For Real Estate Investment?
Airoli is currently one of the well-developed areas in Navi Mumbai.
In the past few years, Airoli has experienced significant development in real estate and the infrastructural sector.
Progress in employment, connectivity, residential and commercial properties, etc are the biggest advantage for the overall development of Airoli.
The upcoming Navi Mumbai Metro Line 1 and Navi Mumbai International airport are going to be the game changer for Airoli.
Because it is expected that the completion of this project will boost the demand for residential and commercial properties in Airoli.
The above-mentioned property rates specify the current property prices over the various sectors. And this is the right time to choose one of the best localities at your convenience and buy property in Airoli.
This will help you in gaining long-term capital appreciation over the property.
Top 3 Best Residential Properties In Airoli
Check out these best properties in Airoli ranging from 1 BHK flats, 2 BHK flats, and 3 BHK apartments at affordable prices.
Parth Lakefront
The Parth Lakefront is a luxurious residential property located in Airoli. It will be built as a structure of G+23 floors.
Flats offered at this residency have vast space, sufficient ventilation, and a beautifully crafted interior.
Amenities offered to the residents vary from an air-conditioned gym, swimming pool, meditation area, jogging track, party lawn, banquet hall, etc.
Mulund Airoli road and Thane Belapur road maximize the connectivity options for the people of AIroli and residents of Parth Lakefront as well.
Currently, it is under construction. And the future possession date is been kept to December 2024.
Below mentioned is the floor plan and room size of 1 BHK flat of 370 sq. ft and 372 sq. ft carpet areas.
Pyramid Elements
The Pyramid Elements project will be built into 28 floors. The residency will cover an area of 1.56 acres.
Apartments of Pyramid elements have beautiful combinations of modern architecture. And the apartments range from 1 BHK flats to 2 BHK with a list of carpet area options.
Parking space, 24×7 surveillance, kid’s play area, jogging track, etc. are some of the amenities provided to the residents.
At present, the project is under construction. And it is expected to be completed in December 2023.
Below mentioned is the floor plan and room size of 1 BHK flat and 2 BHK apartments of 465 sq. ft, 638 sq. ft and 722 sq. ft.
Airoli Tower
The Airoli Tower is the 19-floor luxurious residency built in the area of 2 acres.
Homebuyers will have the option to buy 2 and 3 BHK flats with multiple carpet areas.
A multipurpose room, jogging track, gym, rainwater harvesting, 4 automatic elevators, CCTV surveillance, etc are kind of amenities offered to the residents.
Now the project development is under construction. The expected possession date is March 2030.
Below-mentioned is the floor plan and room size of 2 BHK and 3 BHK apartments of 683 sq. ft and 857 sq. ft carpet areas.
FAQs
| Which are the best 1 BHK flats in Airoli?
Parth Lakefront and Pyramid Elements offer the best 1 BHK flats in Airoli with multiple carpet areas. |
| What is the average price of flats in Airoli?
The average price of flats in Airoli is around Rs. 14000 per sq. ft. |
| What is the price of commercial property in AIroli?
The initial price of commercial shops in Airoli is almost Rs. 11000 per sq. ft. |
| What is the possession date of Airoli Tower?
The expected possession date of Airoli Tower is March 2030. |
