Navi Mumbai’s become the new residential destination for families. Navi Mumbai’s planned approach along with its developing infrastructure is accelerating its growth as a commercial and residential hub. Amongst all its suburbs, Panvel has emerged as the jewel in Navi Mumbai’s crown. It is the neighbourhood where everyone now envisions their dream home. That’s why we decided to make a handy guide to Panvel and let you in on what makes it the perfect destination for your new home!
History: Panvel, a city that’s over 300 years old, was a prominent land and sea trade hub throughout history. Its Municipal Corporation, established in 1852, is the oldest civic body in the state of Maharashtra. Historically, Panvel has been a socio-economic centre.
Emerging commercial hub: Continuing its history as a trade hub, Panvel is now an emerging commerce hub today. Major corporations like Reliance, L&T, etc. have shifted their bases to Panvel and made it their HQ. Several other bigger corporations are also now moving to Panvel. That’s why commercial property in Panvel is now gaining in demand with projects like Hiranandani Business Park Panvel coming up to provide office spaces.
Connectivity: Panvel is very connected to Mumbai as well as Pune. The city sits right at the heart of the Mumbai-Pune Expressway and is now reaping the benefits of development along the belt. Moreover, due to Panvel’s potential, civic bodies are enhancing its infrastructure with a proposed Trans-Harbour Sea Link. This will connect Panvel to South Mumbai as well as to the Panvel-CST railway line.
Education, Retail & Healthcare: Panvel is also an education centre in Navi Mumbai. It houses some of the best schools and colleges in Navi Mumbai. Additionally, Panvel has some of the best restaurants, retail outlets and healthcare hospitals, making it ideal for any urban family.
The New Airport: At the forefront of what will hurtle Panvel to a bright future is the upcoming International Airport. Mumbai’s international airport is being relocated to Panvel. Naturally, this will boost the development and appreciate property in Panvel.
All these factors not only make Panvel an ideal destination for families to make it their home but also an attractive opportunity for investors. And if you’re looking to make the most of Panvel’s growth, there’s no better place than Hiranandani Fortune City – a self-sustained township by Hiranandani Communities with luxurious 1, 2, and 3 BHK homes.