Demand for Luxury Hotels in Navi Mumbai

Author: Giz Gomes

Mumbai has been the largest hospitality market in the country. The trend today, however, shows a shift in hotel projects moving towards Navi Mumbai. Leading hospitality chains are has made this place a premier destination in the last decade.

So let’s take a look as to why Navi Mumbai is the next stop for luxury hotels.

Factor’s That Demand for Luxury Hotels in Navi Mumbai

Navi Mumbai is an important element of Maharashtra state in India. It is also known for being the Mumbai region's exit station to South India. According to the latest study, the area of Navi Mumbai, on the outskirts of Mumbai, is considered to be one of the biggest beneficiaries of this boom.

1 This respective location is experiencing the development of new luxury hotels projects at a fast pace primarily due to the rise in various kind jobs and services. Many big IT, MNC’s and corporates are moving their headquarters here because of the availability of larger office spaces and reasonable accommodation for the employees.

2 Another factor that’s driving the demand for a luxury hotels in Navi Mumbai is the availability of industrial belts and improved infrastructure around this area. Places like Airoli and Ghansoli have an industrial belt up to Nerul and Kharghar. This provides very good employment opportunities for businessmen dwelling around that area.

  1. Navi Mumbai has very good connectivity to the other parts of Mumbai and to other cities like Bangalore, Goa etc via the Highway. This important factor boosts the development prospects of the region.
  2. The proposed Navi Mumbai International Airport is also under discussion as per the development plan. This has further fuelled the growth for luxury hotels in Navi Mumbai. Once the new airport proposal is started travelers will have a lot of options when it comes to looking for Navi Mumbai hotels near international airport.
  3. Other planned initiatives, such as the development of the smart city of NAINA and the brownfield smart city in south Navi Mumbai, further compliment the expected traction of luxury hotels in Navi Mumbai.

According to a recent report, Navi Mumbai already has seen tremendous growth in hotel occupancy over the previous few years. Experts claim that extended stay segments and commercial businesses are the largest contributors to the demand for luxury hotels in Navi Mumbai. In fact, over the next five years, close to thousands of branded luxury hotels are expected to enter the city.