Airoli’s Real Estate Set for Growth with 1.85 Lakh Units by 2030, Driven by Infrastructure Upgrades: Liases Foras

Airoli, a key locality in Navi Mumbai, is witnessing significant infrastructure upgrades that are driving growth in the region’s real estate market. According to a report by Liases Foras, a leading real estate consultancy, the annual housing stock in Airoli and its surrounding areas is projected to reach 1.85 lakh units by 2030, nearly doubling from current levels. This growth in housing inventory reflects the increasing demand driven by improvements in connectivity, affordable property options, and proximity to key business districts.

Robust Infrastructure Developments Fuel Real Estate Growth

A series of ongoing and upcoming infrastructure projects are expected to significantly enhance Airoli’s connectivity and overall living experience. Some of the key projects in the pipeline include:

• Airoli-Katai Naka Freeway
• Ghansoli-Airoli Palm Beach Extension
• Vikhroli-Badlapur Metro Line
• Navi Mumbai International Airport
• Goregaon-Mulund Link Road
• Kalwa-Airoli Elevated Rail Corridor

These infrastructure developments are strategically designed to improve access to essential commercial and business hubs. Airoli’s location, situated between important centers like Vashi, Powai, and Mulund, positions it as an attractive destination for both homebuyers and businesses. Its proximity to key business areas ensures easy commuting and is expected to cut travel time by 30-40%, a critical factor for professionals working in Mumbai’s metropolitan areas.

Pankaj Kapoor, Managing Director of Liases Foras, pointed out that Airoli is increasingly becoming a preferred location for homebuyers, investors, and businesses. With enhanced connectivity, the region offers a time-saving advantage that makes it more accessible to major business hubs. The expected completion of the Navi Mumbai International Airport will further cement Airoli’s status as a vital growth center, making it an ideal location for residential and commercial projects.

Housing Market Overview

The real estate market in Airoli and its surroundings is showing promising growth. Currently, over 1,100 active projects are offering nearly 1.94 lakh units. The housing inventory in the region has grown substantially over the past few years:

• 51% of the units have been sold, leaving around 96,700 units available for the current year.
• The available housing inventory has grown by 50% from 64,500 units in Q2 FY2020-21 to 96,700 units in Q2 FY2024-25.

There has been a 16% increase in inventory in just one year, from 83,500 units in Q2 FY2022-23 to the current figures.

The growth trend is expected to continue, with a projected Compound Annual Growth Rate (CAGR) of 13.5% over the next five years. By 2030, the region’s annual housing stock is set to surpass 1.85 lakh units, marking a significant milestone for Airoli’s real estate market.

Annual Housing Stock Growth

The housing stock in the region has seen substantial growth in recent years:

• From Q2 FY2020-21 to Q2 FY2024-25, the annual housing inventory increased by 50%, from 64,500 units to 96,700 units.
• Between Q2 FY2022-23 and Q2 FY2024-25, the increase in housing stock was 16%.

The expected CAGR of 13.5% over the next five years signals continued strong growth, with Airoli expected to exceed 1.85 lakh units by 2030.

This rapid growth in housing stock highlights the region’s potential to accommodate the rising demand for residential units, driven by a combination of infrastructure improvements and affordable housing options.

Affordability and Market Potential

Airoli stands out in Navi Mumbai for its relatively affordable housing options compared to other popular residential areas. The affordability factor is one of the main reasons for the rising demand in the region. For instance, the price of 1 BHK units in Airoli starts at approximately Rs 34 lakh, with the average price for such units being around Rs 67 lakh. 2 BHK units typically average around Rs 1.3 crore.

These competitive prices make Airoli an attractive option for both first-time homebuyers and investors seeking good returns. The area serves as a middle ground between high-end residential neighborhoods like Ghatkopar, Vashi, and Powai and more affordable alternatives like Thane, Kalyan, Dombivli, and Ulhasnagar. With rising demand for affordable housing, Airoli is positioned as a valuable choice for those seeking homes that balance price and convenience.

Strategic Location and Business Ecosystem

Airoli’s growing appeal is also tied to its strategic location. It is well-connected to major business districts both in Navi Mumbai and Mumbai, which significantly reduces commuting time for professionals. The ongoing infrastructure projects, particularly those aimed at improving connectivity to these key areas, are expected to further boost its attractiveness.

The region also benefits from established social infrastructure, including schools, hospitals, shopping malls, and entertainment hubs. As Airoli’s population grows, these facilities are set to expand, enhancing the quality of life for residents. With an increase in housing stock, Airoli is likely to accommodate the growing demand for well-connected, affordable living spaces.

Additionally, Airoli is witnessing the growth of a business ecosystem, which is expected to create more job opportunities and further drive demand for housing. The development of commercial properties alongside residential units is positioning Airoli as a key business district within the Mumbai Metropolitan Region.

Growing Real Estate Destination

Airoli presents a compelling opportunity for homebuyers and investors looking for affordable yet well-connected living spaces. With competitive property prices, infrastructure projects underway, and a growing business ecosystem, the region is set to become a key residential and commercial hub in Navi Mumbai. The future of Airoli looks promising, and it is poised to become a central destination for those seeking both residential and investment opportunities.

For individuals interested in investing in real estate or finding affordable homes near business hubs, Airoli represents a valuable opportunity in Navi Mumbai’s evolving real estate market. As the region continues to develop, it is likely to rise to new heights, making it one of the best options for those looking to capitalize on the city’s growth.

Image source- yappe.in