Why You Should Invest in Property in Panvel, Navi Mumbai

Panvel is located in Raigarh district at the gateway of the Konkan division and has a long history, about three hundred years, of the Mughal regime. This is a highly populated location because of its proximity to Mumbai. Panvel was once known as a large “Rice Market” near Mumbai.

However, Panvel is seeing dynamic changes now and attracting real estate investment. It has now become a prime region of the real estate domain and has emerged as one of the finest areas for investment in properties for a common homebuyer.

Apart from offering major facilities necessary for a modern lifestyle, Panvel offers a lot of numerous open spaces to present a better environment. Panvel is developed, administrated, and maintained by the CIDCO.

This is why New Panvel is looking forward to offering occupation to educational institutions to deliver a serene environment. Here are a few reasons that you will drive you to invest in property in Panvel to get the true worth of your money & time.

Connectivity to Important Places

Panvel is well-connected to the nearby important landmarks via excellent road-rail connectivity. The local region is also connected to both the western and eastern roadways. Moreover, Panvel is at the center of Konkan, easily linking to other states of the country.

Mumbai-Pune expressway and Sion-Panvel Expressway are linked to the Panvel, which adds to its connectivity. So, going to all parts of Mumbai is convenient using these connecting routes and this makes Panvel a prime location for Real Estate Investment.

Infrastructure and Industry

A city’s infrastructure development is what attracts investment and the returns from that property. If this basic need is met, industrial and connectivity growth will automatically come.

Panvel is offering various new infrastructures such as Navi Mumbai International Airport which is to be completed by 2022, Nhava- Sheva Trans Harbour link, widening of Sion-Panvel Expressway, and the Panvel Railway Terminus.

All these developments are expected to increase Panvel, Navi Mumbai’s connectivity even further. Moreover, the Government has taken many initiatives to invest in affordable housing. These schemes make Panvel one of the prime locations in Mumbai.

Panvel is also on top of Mumbai’s regions in terms of industrial growth with the best companies and MNCs having established their foothold here. Oil and Natural Gas Corporation and Hindustan Organic Chemicals Ltd. both are located here.

Apart from this, there are various IT/ITES corporates in Panvel offering numerous employment opportunities. So, undoubtedly this is the best place to invest in property in Mumbai.

Thriving Real Estate

Panvel has a rich platter to offer in real estate property. Many branded property companies are building their apartment complexes and also plot type housing projects. Lodha Group, Hiranandani Group, Piramal Realty, and Shapoorji Pallonji group are some of them.

Hiranandani Fortune City Panvel is one of the upcoming housing projects in Panvel that is offering one-bedroom, two-bedroom, and three-bedroom residences at a reasonable price.

One of the most attractive reasons to invest in property in Panvel is that you can get your dream apartment, plot, or home at an affordable rate. 2 BHK homes are available within 48-60 lacs, while 3 BHK flats are available from 60 lakhs onwards.

Major Landmarks in Panvel

Although all of Panvel can be considered as a good residential location for investing in property, there are some specific regions where homebuyers should look particularly when investing in residential property. Some of them are already well-developed and a few are on their way to being so.

Airoli is very close to Panvel, in fact, it belongs to Mumbai Metropolitan Region. It is in the process of developing residential and commercial amenities. Being close to Mulund and Thane, Airoli has become the most sought after property domain near Panvel.

The next location that is worth considering is Ghansoli which is located on Thane-Belapur Road. It is going to be a new node for real estate investment having both industrial and commercial regions. The property price range in Ghansoli is INR 6000 to 8500 per sq ft.

Ulwe is still a developing area in Navi Mumbai near Panvel. This is also an excellent candidate for investment in the real estate sector. It is located in Raigad District with close proximity to Sion-Panvel Expressway.

It is a new area in Navi Mumbai, however, due to well-planned development in social infrastructure, Ulwe has become a very attractive choice for the homebuyers looking to invest in property. Prices of apartments, flats, and the land are increasing rapidly, so you should look for a home here before it reaches its peak.

You can buy land at comparatively lower rates. Next in this order, Kharghar is another area for investment in real estate in Panvel. This is also very close to the Panvel. It offers all the basic amenities including hospitals, education, and entertainment hub.

Get High Return in a Short Time

It is said that property is the second highest investment destination after gold. It provides high returns in a short time. The place where industries, airports, apartment-investment, social infrastructure, and connectivity is ready, will offer you the best returns on your investment and Panvel offers all this and more. So, these are the major reasons, that should drive you to invest in property in Panvel.