Nerul
Nerul, a bustling node in Navi Mumbai known for its natural beauty, excellent infrastructure, and promising real estate opportunities.
About the location
Overview
The real estate market in Nerul ranges from affordable to premium, with prices varying from INR 10,000 to 20,000 per sq. ft. The area has seen steady growth due to its strategic location and excellent infrastructure.
The Lifestyle
Nerul offers a perfect blend of modern city living and tranquil nature. The community is cosmopolitan, with a mix of professionals, businesspeople, and families. With numerous sports complexes, shopping malls, eateries, and cultural centres, there's always something happening in Nerul.
Attributes
Well-planned Infrastructure | Lush Greenery | Promising Real Estate Market | Excellent Connectivity | Thriving Community | Abundance of Amenities
You're sure to adore
Nerul stands out with its blend of urban development and natural beauty. The presence of numerous gardens, like the famous Rock Garden, and the serene views of the Palm Beach Road make it a special place to reside.
The Market
Nerul has a thriving market with a mix of high-end stores and local vendors. The sector 20 market is particularly popular for daily needs, while the Seawoods Grand Central Mall caters to branded shopping.
Connectivity
Airport
The nearest airport to Nerul is the Chhatrapati Shivaji Maharaj International Airport in Mumbai, approximately 35 kilometers away.
Bus
Nerul is well connected by bus services run by NMMT and BEST. Major bus terminals include the Nerul Bus Station East and Nerul Bus Station West.
Train
Nerul Railway Station connects the locality to Mumbai and other parts of Navi Mumbai. It is part of the Harbour Line of the Mumbai Suburban Railway.
Road
Nerul is easily accessible via the Sion-Panvel Highway and the Palm Beach Road.
Social Infrastructure
Educational Institutions
Nerul houses some of the most reputed educational institutions like Delhi Public School, D Y Patil University, and SIES College. Top-notch hospitals like Apollo Hospitals and D Y Patil Hospital are also located here.
Hospitals
Top hospitals in Nerul include Terna Sahyadri Speciality Hospital, Apollo Hospitals, and D Y Patil Hospital.
Crime Rate
Nerul is relatively safe with a low crime rate. The local police station is proactive, ensuring peace and security in the area.
Geography
Soil
The soil in Nerul is mainly laterite and alluvial, suitable for growing a variety of crops and vegetation.
Topography
Nerul is fairly flat with a few small hills. It's close to the coast and has several man-made water bodies.
Altitude
Nerul is located at an approximate altitude of 14 meters above sea level.
Flora & Fauna
The region is home to various species of birds, butterflies, and small mammals. It also boasts a variety of local flora including palm trees, mangroves, and seasonal flowers.
Climate
Season at a Glance
Nerul experiences tropical climate with three main seasons: summer (March to June), monsoon (June to September), and winter (October to February).
Rainfall
The average annual rainfall in Nerul is approximately 2000 mm, with the majority occurring during the monsoon season.
Temperature
The temperature in Nerul ranges from a minimum of 15 degrees Celsius in winter to a maximum of 35 degrees Celsius in summer.
Real Estate Trends
Rental Yield
The average rental yield in Nerul is around 3-4%.
Capital Appreciation
The capital appreciation in Nerul is around 5-6% annually, making it a good place for real estate investment.
Average Price per sq.ft
The average price per sq.ft in Nerul is approximately INR 10,000 to INR 15,000.
Demand & Supply Dynamics
There is a steady demand for both residential and commercial properties in Nerul. The supply mainly consists of mid to high-end residential apartments and commercial spaces.
Short Term Rental Trends
Types of Assets (No. of AirBNB Listings)
As of now, there are around 50-60 Airbnb listings in Nerul, ranging from private rooms to entire apartments.
Revenue Potential
The potential revenue from real estate in Nerul is promising due to its strategic location, good connectivity, and modern amenities.
Occupancy Rate
The average occupancy rate for rental properties in Nerul is about 80-85%.
ADR
The average daily rate for Airbnb properties in Nerul ranges from INR 1,500 to INR 3,000.
RevPar
With the given occupancy rate and ADR, the revenue per available room (RevPAR) in Nerul ranges from INR 1,200 to INR 2,550.
Investment Guide
1. Look for properties near major amenities like schools and hospitals for better returns.
2. Investing in properties near the railway station or the highway can yield good rental income.
3. Considering the planned infrastructure projects, investing in commercial properties can be a smart move.
Places to Visit
A historic fort with panoramic views. This serene location is perfect for nature lovers, offering a peaceful retreat amidst stunning natural beauty. Visitors can indulge in various outdoor activities such as photography, hiking, and wildlife exploration, or simply enjoy the tranquility of the surroundings. It's an ideal spot to reconnect with nature and experience its untouched charm.
Known for its vibrant nightlife and natural beauty It is a popular destination for nature enthusiasts and travelers seeking serenity. The location offers anjuna beach with opportunities for anjuna beach and exploring the natural beauty of the area. Visitors can enjoy activities like hiking, photography, and wildlife sightings in a peaceful, untouched setting.
15 km I A popular beach known for its lively nightlife. This serene location is perfect for nature lovers, offering a peaceful retreat amidst stunning natural beauty. Visitors can indulge in various outdoor activities such as photography, hiking, and wildlife exploration, or simply enjoy the tranquility of the surroundings. It's an ideal spot to reconnect with nature and experience its untouched charm.
A historic fort with panoramic views. This serene location is perfect for nature lovers, offering a peaceful retreat amidst stunning natural beauty. Visitors can indulge in various outdoor activities such as photography, hiking, and wildlife exploration, or simply enjoy the tranquility of the surroundings. It's an ideal spot to reconnect with nature and experience its untouched charm.