Property hot-spots to invest in Panvel Loaded with several commercial, residential and infrastructural projects in and around Panvel, the region has turned being a thriving real estate hot-spot. It’s a complete win-win situation, without any second thought. While the options are numerous and possibilities are endless, if you are looking forward to buying commercial property in Panvel. Below listed are a few areas in and around Panvel that are promising real estate hotspots in the area: Khandeshwar Well-connected to Panvel, Navi Mumbai and Mumbai, Khandeshwar is in close proximity to Kalamboli, Taloja and Kamothe industrial hubs and international Navi Mumbai airport. It is a good investment destination with a high demand of property in Panvel. The average property price in this area range from Rs. 6000/sq. ft. to Rs. 8000/sq. ft. which is further expected to increase in near future. Karanjade Located on the road that connects Panvel to JNPT, Karanjade is considered to benefit from NAINA projects and Trans-Harbour link. The property rates in this area range from Rs. 4500/sq. ft. to Rs. 5300/sq. ft. which is a great opportunity for investors, with strong probability for good returns. Several builders have upcoming property projects in this area. New Panvel One of the most thriving areas of Panvel, be it road infrastructure, electricity supply, developed by CIDCO. New Panvel is located near Panvel railway station and in proximity to Mumbai-Pune Highway and several other surrounding areas. With an average property rate of Rs. 5000/sq. ft to Rs. 6000/ sq. ft. it promises great returns in future. Palapse Phata Located at the tri-junction of JNPT, Mumbai-Pune and Mumbai-Goa highway, Palapse Phata has major logistic parks. It is in close proximity to industrial areas like Rasayani, Pen and Khopoli. Its location attracts numerous home buyers and investors. The average property price in this area is Rs. 5700/sq. ft. Final words The truly transforming world of Panvel is definitely a prudent investment decision that offers most suitable options be it in investor or home buyer. The area has several real estate projects that offer flats, apartment, amenities as well as have integrated township in Panvel.