Navi Mumbai, we can rightly name it as the 21st Century City. It is presently one of India’s first develop and fastest growing city. There is a huge aperture between what Navi Mumbai was 15 years ago and now. In few years down the line Navi Mumbai who have Population about 1.69704 Million(as per the 2019 Census of India) and average literacy rate of 91.57%would become one of the first 21st century metropolitan city. The increasing development of IT companies is acting as a stimulant in the development of IT sector and related services giving it a real acceleration.IT hubs like Belapur and Vashi of Navi Mumbai is compared with other IT centres of India like Bangalore and Hyderabad.
A well- planned city spread across 39,400 acres Navi Mumbai is flourishing day by day with Golf Clubs, Sports Club, Football ground, Cricket pitches, and humongous stadiums of DY Patil holding a capacity of 50,000 people with all the special facilities. Mall such as Seawoods Grand Central Mall, Palm Beach Galleria, Inorbit, Little world and Ragullela is also adding oomph to Navi Mumbai. Educational sector has grown immensely with various courses and syllabus such as CBSE, ICSE, IGSE, National Institute of Fashion Technology (NIFT) and various supreme Management and Medical colleges which acts a magnet for higher education. Vashi, Kharghar and Belapur are rising educational hub of Navi Mumbai. Film industrialist are discovering Navi Mumbai as a hot place for shooting be it advertisement, films, short film, PSA advertisements etc.
Today connectivity of public transport like the local trains and metros, especially the Trans-harbour line train services have eased up the traveling. With the upcoming Navi Mumbai International Airport will increased the accessibility and development of this region. The Mumbai Trans Harbour Link (MTHL), the longest sea bridge in India, of around 22 km will connect Sewri in South Mumbai to Nhava Sheva will be built in Navi Mumbai. The Navi Mumbai Metro is under construction which will connect 20 stations in total starting from Belapur and ending at Pendhar respectively.
Navi Mumbai is the new start up hub with more than 15,000 start-ups. MSME (Micro Small Medium Enterprises) a section of government mainly working with the small and medium enterprises for their development is also established largely in Navi Mumbai. The change has already begun with many companies setting up in Kharghar and Vashi which could be the future economic capitals of Navi Mumbai.
The Government has taken various initiatives for the economic and industrial growth of Navi Mumbai. It has formed an authority of CIDCO (The City and Industrial Development Corporation of Maharashtra Ltd) for regulation and vision for the development plan of Navi Mumbai. The infrastructure of water, sewage, connectivity through well designed roads and disposal of rainwater are all done under the CIDCO which is one of the main attraction of Navi Mumbai.
Navi Mumbai has a benefiting factor of lesser traffic, greener and cleaner areas. Navi Mumbai is the seventh cleanest city in the country according to the Swacch Bharat Abhiyaan Survey with minimal pollution and more green areas than most of the other Indian Cities. It has ranked 12th as a part of the Swachh Bharat Abhiyan on cleanliness and hygiene by the Ministry of Urban Development. The south of Navi Mumbai is going to be developed as an environmentally efficient smart city.
CIDCO-commissioned BKC II is upcoming which is spread over 300 acres at Kharghar which will lead to a bustling and thriving ecosystem of jobs, business opportunities and allied service industries. Planned infrastructure, propinquity to larger cities such as Mumbai and Pune, economical rentals and availability of land and talent together under a roof have prompted many companies to set up their back-end offices in Navi Mumbai .According to various research from property consultant JLL India, In the next five years about 8 million sq. ft. of office space across several IT and non-IT parks is poised to come up across Navi Mumbai’s 344 sq.km.
CIDCO has planned to develop a corporate park over 120 hectares at Kharghar, which will be twice the size of Bandra Kurla Complex (BKC) and Mumbai’s premium central business district (CBD).Ascendas Singbridge, Singapore-based venture recently bought two under-construction office buildings for Rs930 crore from real estate firm Aurum Venture, which is building a 5 million sq ft IT park called Q PARĆ at Ghansoli. K Raheja Corp who operates three IT parks under the Mindspace and Gigaplex brands, is adding 2-3 million sq ft to its portfolio.
Raheja Universal is building its first commercial office portfolio with plans to set up Raheja District around 15 million sq ft space, at Juinagar. The 100-acre office park will also have the World Trade Centre (WTC) towers. Bengaluru and Pune-based firms like Embassy Group and Panchshil Realty are in plans for setting up IT and industrial parks in Navi Mumbai. Global firms, including Taiwan-based Foxconn and Sweden’s furniture company IKEA are most likely to open its franchise in Navi Mumbai.
The above mentioned study gives light to why Navi Mumbai is the upcoming trade, economy, educational and commodity hub.