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Palaspa is a rapidly growing residential and logistics hub in Navi Mumbai, bordering Panvel, Karanjade, and Chipale. The official pin code of Palaspa is 410206. This semi-urban area houses industrial workers and middle-class families, centered around the busy Palaspa Phata junction. Residents often send children to New Horizon Public School and visit Lifeline Hospital for urgent medical care. The upcoming Belapur Metro Station on Line 1 is the nearest transit point located 15 km away. NH 48 links the area directly to Panvel Railway Station, which is a short 10-minute drive away. Property rates range from Rs. 6,000 to Rs. 8,500 per sq ft, driven by the nearby airport.
| Locality | Property Price per sq ft* |
|---|---|
| Palaspa mumbai | Rs. 5,500 to Rs. 8,500 |
| Configuration | Average Rental Rate* |
|---|---|
| 1 BHK for rent | Rs. 8,000 to Rs. 11,000 |
| 2 BHK for rent | Rs. 12,000 to Rs. 15,000 |
| 3 BHK for rent | Rs. 16,000 to Rs. 18,000 |
Palaspa has emerged as an attractive residential market due to its location near the upcoming international airport. Buyer interest remains steady, with property prices ranging from Rs. 5,500 to Rs. 8,500 per sq ft. Despite a minor annual dip of 2.3% in sale values, the long-term capital appreciation remains strong. The rental market has experienced a massive surge, with monthly rents ranging from Rs. 8,000 to Rs. 15,000. This rental demand represents a substantial 50% year-on-year growth, driven by incoming workforce and airport construction activities. (* As of August 22, 2026)
Here are some of the important landmarks holding historical and cultural importance:
Palaspa Phata Junction is a prominent landmark in Palaspa. Some more include:
Palaspa is well-connected through NH 48 and the following roads:
Belapur Metro Station on the Line 1 is the closest public transit option, located 15 km away. Some more include:
The nearest railway station and airport are Panvel Railway Station, which is located 4 km away, and others:
Palaspa is well-equipped with numerous top educational institutions, such as New Horizon Public School and DAV Public School, along with:
Some reputed healthcare places near Palaspa include Lifeline Hospital, and others:
You can access Orion Mall and Seawoods Grand Central Mall easily from Palaspa mumbai. Some more include:
These localities are located around Palaspa:
Here are some of the major employment centres near Palaspa:
The popular landmarks within Palaspa are:


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