While the satellite city, Navi Mumbai outgrows with its spillover areas called suburbs. One such suburb Panvel is rapidly thriving the growth which makes it one of the fastest growing real estate hotspots. The area is gaining tremendous popularity among home buyers, property investors, HNIs and NRIs. One of the most well-planned city networks, Panvel is seamlessly connected through the city.
Let’s discuss some highlights that have led to rapid realty growth in Panvel:
Connectivity and infrastructure
With the development of several social infrastructures like Navi Mumbai international airport, Mumbai-Pune Expressway, Sion-Panvel Highway, the city is one of the best examples for seamless connectivity. Proximity to Mumbai-Goa Highway and proposed Sewri-Panvel Highway further fuels it to become one of the prime investment hot-spot. Strategically located on the eastern side of Mumbai-Bangalore Highway it connects with the country.
With tremendous development and growth, there are several industries setting up in Panvel that provide numerous employment opportunity as well as easy access to the city. Further developing as an IT hub, it has numerous commercial properties like Hiranandani Business Park Panvel which connect seamlessly with other major industrial hubs like Bhiwandi, Khopoli, Taloja, etc.
Recreation and lifestyle
Strategically located in close proximity to Lonavala, Karjat and Karnala, there are many other weekend getaway spots where you can enjoy with your loved ones. Panvel-Vashi-Alibaug triangle is considered as the golden possibility. Located, in the heart of Panvel, Hiranandani Fortune City offers you all the luxuries of life amidst living close to nature.
Property prices in Panvel have witnessed a steady growth which is estimated to increase further. It has witnessed 18% growth in property prices. The city is also ranked as the third cleanest area to live in.
Some of the major real estate developments happening in Panvel are Hiranandani Fortune City, Indiabulls Greens, Riverside Green, etc. They offer properties ranging from flats, apartments and luxury apartments in Panvel.