CIDCO Crushes Navi Mumbai Real Estate

[@ashwindhole7579]

I think in navi mumbai in some areas the prices are overpriced like in Ulwe, Dronagiri, Pushpak Nagar , especially in pushpak nagar and dronagiri which are relatively new node in terms of infrastructure they are yet to be developed fully , regardless of that prices are inflated and increased on the name of navi mumbai airport, i dont think what is the use of airport for common middle class and upper middle class people which are mostly buying property in these places , airport is needed but its not a daily need for most of the people

[@WandererPatil]

I agree with you but the tender plots are auctioned and higher the land price greater will be the selling price but some developers want to ride the wave and make money. That's the nature of real estate business

[@ashwindhole7579]

@@WandererPatil yes navi mumbai international airport is the toolkit for most of the developers to increase the property prices , navi Mumbai international airport is Marketed as if it's the first airport in Maharashtra 😂😂

[@ashwindhole7579]

@@WandererPatil if possible can you make a latest video which is comparision or like information about locality or prices of karanjade, dronagiri, ulwe ,etc

[@govardhansonavane5219]

@@ashwindhole7579 Hi

[@govardhansonavane5219]

@@ashwindhole7579 Ya topic var 1 video banwa

[@sportsguy09]

Awesome comments "Property pe naam aaj Tumhara hai, kl kisi aur ka hoga"😅, it's reality 😊.

[@WandererPatil]

Unfortunately that's the reality but people don't realize it :)

[@iOSTechie]

Excellent example of Property CAGR calculation. Thank you 🙂

[@WandererPatil]

Glad it was helpful! I also have another channel on personal finance and fraud prevention - please do subscribe kzbin.info/www/bejne/sILGpoiZerSmha8si=V0iPeShHFUrAdYxw

[@ImranShaikh-pi3ko]

APNE BOHOT ACHAA TOPIC CHEDA.. MAIN BHI EXACTLY YEHI SOCH RAHA THA... CIDCO NE LOTTERY SYSTEM LAAKE . PUURE NAVI MUMBAI KI BAND BAJAA DI HAI.. NAVI MUMBAI KI CROWD QUALITY DIN PE DIN GHAT TE JAA RAHI HAI.. KURLA , GOVANDI, PAREL, NALASOPARA, SEWRI.. SAB KA KACHRA CROWD AAKE NAVI MUMBAI KI GHAAN KAR DIYA HAI

[@WandererPatil]

I hope Navi Mumbai people se better bane. Kyonki NMMC ne bahot acha kaam kiya hai, CIDCO ne bhi. Lekin responsible citizens hona is very important

[@sportsguy09]

@@ImranShaikh-pi3ko 💯 percent ekdam correct bola Aapne, saare Govandi, Baiganwadi n Tata colony, chembur etc ke log Kamothe n Ulwe me aa gye hai rehne ko, hope ki sab achche citizen ki trh pesh aaye.

[@surajgupta1711]

Well Researched, with data and article support. Wow. Just small correction, Not the citizens of Navi Mumbai, Citizens of Maharashtra that is Domicile of Maharashtra.

[@WandererPatil]

Thanks

[@kishoremirchandani8671]

Namaskar 🙏 Dhanyawad 🙏

[@WandererPatil]

Thanks You

[@AjayGurav-si8nt]

सर खूप माहितीपूर्ण video दिलात आपन

[@WandererPatil]

Thanks "माझे एक वैयक्तिक अर्थविषयक आणि फसवणूक प्रतिबंधक दुसरे चॅनेल देखील आहे, कृपया त्याला देखील सबस्क्राइब करा. तुमच्या समर्थनासाठी धन्यवाद." kzbin.info/www/bejne/sILGpoiZerSmha8si=PBB5Yl4h2OHSX-UT

[@preethanair8593]

Sir, Shreeji today royal glof view kharghar sector 33 project worth investing he kya?

[@WandererPatil]

If you are actually getting a golf course view then yes it is worth investing because that will be easy to sell at a premium.

[@maheshshinde1596]

Excellent 🎉

[@WandererPatil]

Thank you! Cheers!

[@be.curious101]

Please also calculate breakeven point beyond which we will make profit on the real estate investment.

[@WandererPatil]

Sure

[@Navdeep1105]

Hello Mr. Patil! What should be our preference of location during the registration? Kindly tell me. I dont have much knowledge about the location. which location is better from the perspective of good living, better connectivity and worth investigating money?

[@WandererPatil]

I would recommend basis my preference 1. Vashi 2. Kharghar 3. Mansarovar 4. Panvel 6 Kalamboli 5. Bamandongri & Kharkopar

[@kateelamma3228]

The number of unsold inventory in Navi Mumbai is much more than its being reported in print media. Even news of unsold inventory & incomplete & stuck projects are controlled by builders. Now again these builders are marketing their projects in the name of airport & Atal Sethu. There are many people who blindly invest in these projects & then start complaining about infrastructure & construction quality. If Builders are not serious about quality construction then unsold inventory will reach sky high just like our Mumbai & Pune regions. To conclude property should be bought only for personal use & never as an investment. Those times of investment are gone long back . Its was from 1995 to 2005.

[@WandererPatil]

Yes I agree to you comment and very well put, just a correction from my personal experience and i may ne wrong here but I had bought a property in 2005 and sold it in 2020 for 9X price but the appreciation i observed was till 2013-14 before the storm of luxury properties.

[@rathinkolekar]

@@WandererPatil Was it budget property? Also, do you mean that the budget properties don't appreciate well like luxury properties? Please advise.

[@Tejas_Temkar]

Sir I had invested in Matrix Estella project in Nerul.. But no update on construction yet.. Can you please let me know about my investment?

[@WandererPatil]

Well I generally don't cover Nerul, but there are plans in future

[@The_average_entertainer]

Simple: If you have money buy real estate for investment. Black money, even better. If you are opting for a loan, go for a balanced approach like firstly better living, connectivity, rental yield and lastly appreciation as an add on benefit only.

[@WandererPatil]

Agreed and that where majority of the people get into debt trap and eventually compromise their lifestyle and wealth creation.

[@SyedAhmed-bi5xq]

How is green city

[@WandererPatil]

I havent personally visited the project

[@PrathmeshChavan-gl2gb]

Great information

[@WandererPatil]

Glad it was helpful!

[@sanketnegi1]

The term very rightly used was notional value.. After 15years sometimes you calculate the property value to be something.. but noone is ready to buy at that price.. They would rather prefer a new flat by paying little extra.. and if there are lot of new flats available then it dofficult sell your property..

[@WandererPatil]

Absolutely, people get emotionally carried away when it comes to property I also have another channel on personal finance and fraud prevention that might interest you kzbin.info/www/bejne/sILGpoiZerSmha8si=V0iPeShHFUrAdYxw

[@WandererPatil]

Thanks

[@kambleaj]

Sir information is to good but i think calculation is missing sir you told initial value 35 Lakh but this is 3,50,000 final value costs 55 Lakh but this is 5,50,000 Thank you

[@WandererPatil]

You are right thanks for correcting. Since the numerator and denominator carry the same range the output is correct for CAGR

[@rathinkolekar]

Will there be connectivity to Sion panvel highway from CIDCO Kharghar Railway station project? Also, has construction of Kharghar belapur coastal road started?

[@WandererPatil]

Yes Sion Panvel highway connectivity will be available because that's the only commuting road. For coastal road it is estimated to take 30 months from Sep 24 as per media reports

[@singhp7776]

Sir maine Cidco ke registration me without affidavit wala form fill kar ke upload kiya hai, kuch issues honge kya ?

[@WandererPatil]

Agar eligible hue to correction ke liye time milega

[@shubhamnitin]

hi any knowledge about kamothe sec 36 mangrove area will it be developed in future?

[@WandererPatil]

No idea but this is what i found on CHAT GPT The mangrove area in Sector 36, Kamothe, is part of the larger coastal ecosystem around Navi Mumbai, protected due to its environmental significance. Generally, mangrove areas in and around Navi Mumbai are safeguarded by the Coastal Regulation Zone (CRZ) norms, which limit development to protect these sensitive ecosystems. There have been discussions and interest in developing areas near mangroves for urban purposes, but these projects often face strict environmental scrutiny and opposition from environmental groups. For any official development to proceed, extensive clearances from environmental authorities would be required, and even then, restrictions would likely remain stringent. If you're looking for development nearby rather than directly in the mangrove areas, areas adjacent to the protected zones may see more feasible development projects.

[@be.curious101]

Hi Please create a video on how to negotiate with Builders. Thank you.

[@WandererPatil]

Sure i will do that in future

[@rohitbansode2870]

Good information

[@WandererPatil]

Thanks appreciate your comment

[@aafreensayed8706]

Plz plz cidco homes prices bataye ...kiya lena acha hoga.....select my home kya concept....plz puri jankari dijiye

[@WandererPatil]

Hi, I have many videos about CIDCO on my channel, you can find answers to your questions.

[@aafreensayed8706]

@WandererPatil yes I waited and checked that video is estimated prices right? Sir I want actual price list can you plz provide link..as most of the videos are in Marathi...can not understand much...plz

[@vinaypradhan1]

Me home loan cha interret aani principle la tax saathi use karto. Tar 80c madhye 1.5 lac aani 24 b madhye 2 lakh paryanta. Aani mala per month 11000/- rent pan yetoy. Tar yaacha CAGR kasa kadhaych?

[@WandererPatil]

Property current value madhe tax saved and rent earned add Kara. This will give you the CAGR

[@artexplorer9342]

पाटील साहेब, अंदाजे मार्केट कॉस्ट आणि सिडको ची फ्लॅट कॉस्ट मध्ये किती डिफ्रन्स असतो? आणि खारघर, वाशी, खांदेश्वर या ठिकाणी "ऍव्हरेज रेंट (१BHK)" किती आहे ? जर शक्य असेल तर माहिती द्या. आणि तुमचे व्हिडीओ खूप माहितीपूर्ण असतात.... खूप खूप धन्यवाद!

[@WandererPatil]

Dhanyavaad, nakki ekda pricing declare jhali tar comparison video banven. Rent saathi nakki video banavto in coming day Please subscribe to my other channel as well 2025 madhe bharpur videos hya channel var upload karnar aahe on financial planning kzbin.info/www/bejne/sILGpoiZerSmha8si=V0iPeShHFUrAdYxw

[@govardhansonavane5219]

Cidco free hold bill pass jhala ka nahi Please sanga

[@WandererPatil]

Yes, the CIDCO (City and Industrial Development Corporation) board approved the shift of its leased lands in Navi Mumbai to a freehold status in October 2024. However, this decision still requires final approval from the Maharashtra state cabinet to take full effect. Once approved, the change will benefit properties across CIDCO developments in Navi Mumbai, allowing property owners to avoid lease renewal fees and transfer charges, and enabling smoother property sales and self-development projects in the area. This adjustment is expected to ease financial pressures on residents and boost property ownership flexibility. Taken from CHAT GPT

[@SyedAhmed-bi5xq]

Good evening sir

[@WandererPatil]

Good Evening

[@darshansawardekar1130]

Hello sir, How is Neelkanth Wisteria (Codename Panvel Junction) beside Panvel Railway station Takka? 1bhk 68 All In worth?

[@WandererPatil]

It's good, as far as I remember it's a corner plot. And connectivity is the only advantage and I predict that sector 20 and 21 will grow well as far as livability is concerned. As far as worth is concerned I don't know the carpet hence can't comment. But basic rule, if it's for end usage and meets your requirement then go for it with strong negotiation. I never recommend flats as first investment unless you have a very large portfolio.

[@darshansawardekar1130]

@WandererPatil Sir carpet area is 450. Please tell me if it's worth it or not. I will live in this flat. Also I expect a good ROI.

[@WandererPatil]

@darshansawardekar1130 that's about 13.3k PSF on carpet if I exclude 8 lakhs for for Stamp duty and registration. It's a good rate. The next question is what is the RERA possession date

[@darshansawardekar1130]

@WandererPatil Rera's Possession date is October 2028. But the salesperson told us that the date is for the C wing. But for A wing and B wing, the salesperson committed December 2026 Aggreement value is 60 Lakhs including Car Parking, 6th Floor floor rise charges, Club charges.

[@WandererPatil]

@darshansawardekar1130 with car parking it's a good deal

[@sanketdhoke9686]

Please sir suggest plots in dronagiri and navha sheva

[@WandererPatil]

There are plenty but I will only make vlogs on those once I get a good gated community and ready to move possession plots. However I am planning to make a vlog on how to assess and identify a good land/ plots

[@shaikhshahid3091]

Hii sir mujhe Ghar Lena hai taloja me kaise Le sakte hai mujhe nhi pata hai kaise kya karte hai please mujhe batao

[@WandererPatil]

Mere channel par CIDCO ke vlogs hai wo refer karein

[@Yogeshwar_Dalvi]

I think entire navi mumbai properties are unnecessary hiked by builders. Mhada is selling 2BHK besides at Virar station at 44 lakhs. If Mhada can sell EWS flat at 34 lakhs in Goregaon then why can't Cidco in Vashi. Though Cidco is selling flat less than market price, but people don't know the headache in Cidco. 1. Water Problem. 2. You have to take your own electricity Meter 3. Unless all flats are not sold Cidco will delay the society formation process. 4. No proper maintenance. 5. Huge pollution in Taloja which is out of control of Cidco and MPCB. 6. Shirke is one of the worst builder. Leakages in bathroom and Toilet. 7. Lift maintenance of buildings. 8. PMC not collecting garbage on time. Property tax wrongly calculated for most of Taloja buidings. Please visit Aawari, Marva, Kedar and Dhanashri societies in Taloja and Kharghar.

[@ashwindhole7579]

Yes I also think the same, especially in dronagiri and Pushpak nagar the property prices are unnecessarily hiked by builders In the name of navi mumbai international airport, which is important and useful but not that useful for majority people living in the area as airport is not a common mode of travel for common people

[@Yogeshwar_Dalvi]

@@ashwindhole7579 EWS and LIG category people will not be using Air transport. Cidco is lagging in providing basic necessities like water and roads

[@ashwindhole7579]

@@Yogeshwar_Dalvi yes that is what iam saying, in cidco or other private builder project people who will buy home in ulwe, dronagiri, taloja will be majority middle class and upper middle class, those people will buy home who can't afford in other areas of navi mumbai or in Mumbai or want to get a bigger home than previous and for that people airport is of no use or occasionally it will be used not regularly

[@WandererPatil]

Yes i do feel that with CIDCO coming in with 60k housing opportunities it will force the market to correct

[@surajgupta1711]

Strong Disagree 😂, most of the information in not correct

[@nandlalsharma2002]

This is fact

[@WandererPatil]

Thanks

[@vipulkarde6973]

Airport is the worst possible hype ever created. Who travels to offc by airport 😂 upar sey uska deafening sound.. pura din ear plugs daalke baithna padega . Anyone who is buying homes in 1.5 km radius will jump to sell them at peanut prices once it becomes completely operational..best luck.. Better to develop good infra facilities, roads, train connectivity, water etc.. Taloja air quality.. pathetic..lung diseases ko khulla invitation... Stay away as per my little intelligence 😮

[@WandererPatil]

I would agree to a certain degree but advantages of buying a property near airport Higher Rental yeild, Airports are generally build taking into consideration that other planned infra will be developed surrounding it.

[@vipulkarde6973]

@WandererPatil for a 50 lakh flat with rents even upto 15k per month, the gross yield computes to 15k*12=1.8L / 50L = 3.6% Less society maintenance, property tax.. net yield would be lower than 2.5% .. capital appreciation of max 5-7% .. so all in all 7-8% increase This returns are easily achieved in FDs and Debt Mutual funds. I don't get why people would invest in homes .. especially 2nd homes.. as the supply of flats and unsold inventory will also keep a check on price rise, how much ever prime the area is.. Nevertheless people's choice.. thanks for your update

[@ggau2005]

Jet engines make lesser noise. You can enquire at santacuze, or vile parle residents.

[@kamiltisekar259]

Navi Mumbai mei prices jyada ho rahe hai. Aisa lag raha hai kuch saal mei crores k niche baat nahi hogi.

[@WandererPatil]

Ye confirm hoga. Already bahot nodes main ho chuka hain

[@bipinkalappa1808]

The Airport is a failure and there is no real development. CIDCO will kill Navi Mumbai prices.

[@WandererPatil]

Well too early to see the full advantage and how it helps the overall development but definitely CIDCO will force some of the entry and mid level projects to correct their prices

[@govardhansonavane5219]

Hi

[@WandererPatil]

Hi, "माझे एक वैयक्तिक अर्थविषयक आणि फसवणूक प्रतिबंधक दुसरे चॅनेल देखील आहे, कृपया त्याला देखील सबस्क्राइब करा. तुमच्या समर्थनासाठी धन्यवाद." kzbin.info/www/bejne/sILGpoiZerSmha8si=PBB5Yl4h2OHSX-UT

[@LatheeshNair-vn3by]

🙏🙏👍👍👍👍

[@WandererPatil]

Thanks

[@VNoname]

Kharghar coastal road compltion date sir

[@WandererPatil]

30 months as per media reports

[@shaileshdeshmukh1103]

What is coastal road..and what will be connectivity

[@HappyHermitCrab-hl5vd]

2 lakh. Guntha plot available hai kya ?????

[@WandererPatil]

There are plenty but invest only if you understand the long term reward v/s risk involved.