Navi Mumbai has emerged as a prime residential market in the last 10 years thanks to it being well planned and higher availability of relatively affordable options compared to Mumbai. Inexpensive localities such as New Panvel, Khargar, Khamothe and Ulwe offer properties within an average value of approximately Rs 4,000-7,000 per sq. ft and have become top picks for homebuyers. According to Square Yards research, during Q4 2021, more than 60 per cent of the online searches and the supply in the market were concentrated for properties in the budget brackets of Rs 30-60 lakh and Rs 60-100 lakh. Smaller configurations remained popular throughout 2021.