If you are thinking about owning a home without burning a hole in your pocket. Then Affordable housing Navi Mumbai is becoming a real possibility for many. With better infrastructure, improved connectivity and modern amenities, now Navi Mumbai is no longer just an extension of Mumbai. Whether you are buying your first home or looking to make a clever investment, this area offers a wonderful combination of value and lifestyle.
In this blog, we are going to explore some of the best affordable residential projects Navi Mumbai that are worth checking out.
As we all know Mumbai is getting crowded and expensive every day, many buyers are now looking at budget homes Navi Mumbai. Let’s understand what is fueling this growing demand.
Now people like you and me are shifting towards Navi Mumbai and this has increased housing demand in areas like Taloja, Panvel and Ulwe.
Now Navi Mumbai’s population touched 22.09 million in 2025, 1.92% increase from 2024, which shows people are choosing Navi Mumbai. This is only because homes are more affordable and better planned than Mumbai.
Between 2001 to 2021, Navi Mumbai’s built up area grew from 32.5% to 56.7% clearly showing how fast it is developing
CIDCO or City and Industrial Development Corporation of Maharashtra has played an important role in affordable housing Navi Mumbai for EWS, LIG and MIG families. It is called “My Preferred CIDCO Home” scheme saw 70,000 applications for 26,000 homes showing high demand. With Maharashtra’s 2024 Housing Policy targeting 19 lakh homes by 2027 and support from PMAY or Pradhan Mantri Awas Yojana, affordable residential projects Navi Mumbai are becoming more accessible for people like you and me.
Navi Mumbai is best choice for budget conscious buyers with property rates in areas like Panvel and Kharghar ranging from ₹6,500 to ₹15,000 per sq. ft compared to over ₹50,000 in Mumbai’s prime spots.
The city’s planned layout and projects like MTHL reducing travel to South Mumbai to 20 to 25 minutes from nearly 2 hours. NMIA set to open by August 2025, property prices are expected to rise by 10 to 25%. Even today 1 BHK flats are available for ₹20 to ₹40 lakhs which makes it a smart and affordable housing option.
When you are considering budget friendly, Low cost flats Navi Mumbai, three localities consistently appear as prime choices like Taloja, Ulwe and Panvel.
Taloja is one of the most affordable areas in Phase 1 & 2 with property rates around ₹6,042 per sq.ft. As of early 2025, 1 BHK flats here cost between ₹24 to ₹45.9 lakh
Ulwe is seen as a high growth area due to its closeness to the upcoming Navi Mumbai Airport. In Ulwe average property rates are ₹8,122 per sq. ft, as of early 2025, which is still cheaper than Mumbai’s main areas. You can purchase 1 BHK flats at ₹45 to ₹50 lakhs.
Panvel is a well connected area due to its direct links to Mumbai-Pune Expressway and newly opened MTHL. In early 2025, average property rates are ₹8,367 per sq. ft. You can purchase 1 BHK flats starting from ₹35 to ₹40 lakhs offering affordable and mid range options.
Affordable housing projects in Navi Mumbai now include key amenities like 24/7 security, CCTV, gardens, kids’ play areas and gyms. Many also offer eco friendly features like solar power and rainwater harvesting making them both comfortable and sustainable
RERA registration ensures transparency and legal safety. Maharashtra has over 50,000 RERA registered projects. You should always check your builder’s track record and RERA status before investing.
Affordable housing in Navi Mumbai shows great resale and rental potential. With NMIA expected by August 2025 and better connectivity via MTHL, property prices near airport may rise 10–25%. Rental yields are higher too, 3–5% here vs. Mumbai’s 2–3%.
Here are some of the top affordable residential projects by TPV Vishwakarma under ₹65 lakhs.
TPV Vishwakarma projects range from ₹28L (Balaji Palms) to ₹1.70 Cr ( Royal Bay). Ready to move options like Balaji Palms are available, while Aura Luxisca, Bharat Enclave and Royal Bay have possession timelines from 2025 to 2028. Early bookings are open with RERA registration ensuring transparency.
In 2025, if you’re planning to buy your first home, Navi Mumbai budget property offers great value in a well planned city. With new developments and good rental demand, property
