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New Residential Projects in Panvel, Navi Mumbai

New Residential Projects in Panvel

Panvel, Navi Mumbai

The real estate market in Panvel is a great place to live contemporary and take in the surroundings! Discover the new residential projects in Panvel that provide the ideal fusion of tranquil settings and urban conveniences. It may be an interesting journey to find your own Panvel house, and “Houssed” is a great place to start.

Panvel is located in the Raigad district of Navi Mumbai, Maharashtra, and is frequently referred to as the entry point into the Konkan area. Nearby are Takka Colony, Forest Colony, and Sector 17 New Panvel East. The oldest municipal municipality in Maharashtra, the Panvel Municipality (PMC), is located in this region. Currently, CIDCO is in charge of overseeing the city’s most recent developments.

Near the banks of Panvel Creek, this area is inhabited by around 570,219 people. Several festivals are widely observed in the area, the most popular and well-known being Ganeshotsav and Dahi Handi.

Panvel is a convenient transportation hub, situated at the intersection of the Mumbai-Pune Motorway, Mumbai-NH-17, and Mumbai-Bangalore National Highway (NH-4).

The Varad Vinayak, Matheran, Shirdhon, Bet El Synagogue, Gadeshwar Dham, Karnala Bird Sanctuary, and Karnala Fort temples are a few of the well-known locations in Panvel.

Why Should You Invest in New Residential Projects in Panvel?

Panvel has rental prices ranging from Rs. 8,400 to Rs. 44,000 and gives a 6.1% net rental return. Panvel’s greatest annual rental returns are seen in projects like Paradise Sai World City, Hiranandani Fortune City, and Wadhwa Wise City.

The average price per square foot of a Panvel flat is 11,700, not including rental revenue. For flats, the Year on Year (YoY) price change is around 6.6%. The most well-liked developments in this area are Godrej City (14.9%), Wadhwa Wise City (21.9%), and Dudhe Vitevari (33.7%).

In the mid-income bracket, Panvel offers a respectable selection of 1 BHK, 2 BHK, 1 RK, 3 BHK, and 4 BHK residential properties. Prominent developers in the area are Hiranandani, Arihant Aspire, Siddhivinayak Gaurav, and Akshar Rivergate.

Price Trends in Panvel

Here is the statistical data to understand the price trends in Panvel, Navi Mumbai:

Year Price/Sq ft
2019 Rs. 10,250
2020 Rs. 10,400
2021 Rs. 10,600
2022 Rs. 10,750
2023 Rs. 11,500

Disclaimer: The figures above might not accurately represent the cost because they are only approximations based on data gathered from a number of sources. The developer, the area, and the amenities might all affect the price shown above.

Top 5 Reasons to Invest in New Residential Projects in Panvel

1: Geographical Advantage

Panvel’s historical significance as Paneli or Panelim’s primary commercial hub contributes to its appeal. It has historically acted as the primary gateway to the Konkan area, promoting trade and enterprise. Panvel’s strategic location at the crossroads of several highways has a major impact on its growth. Panvel is easily accessible by the Mumbai-Pune Motorway, which connects to significant economic centres, and the NH 17, which connects to Goa and other coastal towns.

2: Sound Connectivity

  • Through ST and NMMT bus terminals, the Panvel region is connected to Badlapur, Dadar, Kalyan, Thane, Vashi, etc.
  • Chhatrapati Shivaji Maharaj International Airport is around forty miles away.
  • The highways that connect Sion to Panvel and Mumbai to Bangalore provide good access to this upscale area.
  • There is a station on the Mumbai Suburban Railways’ Harbour Line that connects it to the Mumbai CST Station.
  • The largest data centre in Asia, Yotta NM1 Data Facility, is located here; CBD Belapur is around 12 kilometres distant.

3: Rapid Infrastructure Development

CIDCO is in charge of significant infrastructure projects in Pune. These are only a few of the most well-known hospitals, schools, retail centres, and entertainment places:

Education Centres Healthcare Centres Entertainment Venues
St. Joseph’s High School Life Line Hospital Shivganga Waterpark and Resort
Kendriya Vidyalaya ONGC Panvel Phoenix Multispeciality Hospital Adya Krantiveer Vasudev Balwant Phadke Auditorium
Mahatma International School Ranade Surgical Nursing Home K Mall
New Horizon Public School & Penguin Kids Gandhi Hospitals K. K. Cinema
Vedic Tree International School Hande Hospital Ekvira aai mandir

4: Employment Opportunities

Some notable businesses and corporations have been drawn to Pune by its industrial expansion.

  • These methods are used by Larsen & Toubro Ltd., Reliance, and Hindustan Organic Chemicals Ltd.
  • Panvel is home to the Kalamboli Industrial Area; Taloja, Patalganga, and Khopoli MIDC are around 15 kilometres apart.

5: Natural Beauty & Green Spaces

  • Panvel is close to the Karnala Fort and the Karnala Bird Sanctuary.
  • A few of the parks in Panvel that add to the neighborhood’s profusion of greenery include Rajiv Gandhi, CIDCO Garden, Dongary Garden, SMART Eco Park, and Chhatrapati Shivaji Maharaj Maidan.
  • Within 15 miles are the well-known tourist destinations Gadeshwar Dam, Adai Waterfalls, and Karnala Bird Sanctuary.