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The Real Estate (Regulation and Development) Act, 2016 is Act of the Parliament of India which seeks to protect buyers as well as help boost investments in the real estate industry. The Act came into force from 1 May 2016.

Nerul is a planned residential node situated in Navi Mumbai, bordered by Sanpada, Juinagar, and Seawoods. The pin code of Nerul is 400706. This peaceful residential area is home to families, with the famous Wonders Park serving as a major local landmark. Residents frequently access Apeejay School and D Y Patil Hospital for their daily educational and healthcare needs. Belapur CBD Metro Station on Navi Mumbai Metro Line 1 is the nearest metro, located 5 km away. Routes like the Sion-Panvel Highway link the area, keeping travel time to Nerul Railway Station under 10 minutes. The 2026 average property rate ranges from Rs. 14,000 to Rs. 22,000 per sq ft, dominated by apartments.
| Locality | Property Price per sq ft* |
|---|---|
| Nerul mumbai | Rs. 14,000 to Rs. 22,000 |
| Configuration | Average Rental Rate* |
|---|---|
| 1 BHK for rent | Rs. 18,000 to Rs. 24,000 |
| 2 BHK for rent | Rs. 25,000 to Rs. 34,000 |
| 3 BHK for rent | Rs. 35,000 to Rs. 45,000 |
Nerul stands as a premium residential hub in Navi Mumbai, attracting families due to its planned sectors. The property market has shown strong growth, with capital values appreciating by 13.3% over the past year. Buyers can expect apartment prices to range from Rs. 14,000 to Rs. 22,000 per sq ft. Meanwhile, the rental market remains highly stable, showing a marginal increase of 0.1% recently. Monthly rental rates for residential apartments generally range between Rs. 18,000 and Rs. 45,000. This steady demand is driven by excellent local schools and easy access to major commercial hubs. (* As of August 22, 2026)
Here are some of the important landmarks holding historical and cultural importance:
Wonders Park is a prominent landmark in Nerul. Some more include:
Nerul is linked through Sion-Panvel Highway and the following roads:
Belapur CBD Metro Station on the Navi Mumbai Metro Line 1 is the closest public transit option, located 5 km away. Some more include:
The nearest railway station and airport are Nerul Railway Station, which is located 0 km away, and others:
Nerul is home to numerous top educational institutions, such as Apeejay School - Nerul and SIES College of Arts, Science and Commerce, along with:
Some reputed healthcare places near Nerul include D Y Patil Hospital, and others:
You can access Seawoods Grand Central Mall and Nexus Seawoods easily from Nerul mumbai. Some more include:
These localities are located around Nerul:
Here are some of the major employment centres near Nerul:
The popular landmarks within Nerul are:


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The Moraj Group has carved a formidable niche for itself as a trendsetter in modern and futuristic architecture in the new generation metropolis of Navi Mumbai. At Moraj, nothing is left to chance or to any third party. Our Organisation not only conceives and formulates the Building Designs, but also has the buildings constructed, both as an integrated whole, confirming to international standards and with the finest and latest building technology. While an organisation can legitimately pride itself in what it has done and what it has been doing, achievement of excellence and consumer satisfaction in an ever growing degree has been our constant aim in business. We take pride in asserting that we don’t create buildings, we create trust and it is the trust and business ethics that have made us a renowned name in the real estate Industry.
