Panvel: The perfect investment option for the new-age homebuyers

  • Panvel: The perfect investment option for the new-age homebuyers
    10Jul 2021

    A small town that initially flourished around busy trade routes, Panvel has come a long way and has now emerged as one of the most preferred hotspots to buy a home. Popularly known as the gateway to Konkan, Panvel has witnessed rapid development over the years but has also maintained its healthy environment of mountains, large and green open spaces, lakes, and plenty of historic spots.

    Another development that adds glam to the location is Hiranandani Fortune City. The biggest and boldest masterpiece from Hiranandani, the vibrant township houses well-planned residences and retail stores with access to schools, hospitals, restaurants, and more. From trendy studio apartments to luxurious 3BHK homes, a fine range of homes is designed to suit the needs of all families.

    Why a home at Panvel makes sense

    Good infrastructure

    Located 40 kilometers away from Mumbai in Raigad district, Panvel is a well-planned city with the majority of the amenities and infrastructure in place. Hiranandani Panvel is designed as a mixed-use space township, that offers ample opportunities for recreation and community interaction. It is home to well-planned residences, retail stores, and office spaces. Panvel is also an upcoming educational hub with prime schools and colleges opening up their institutions here too. One of its biggest draws is that it occupies a plum spot close to major infrastructure projects that are due to be completed soon, including the much-anticipated Navi Mumbai international airport expected to be operational soon.

    Seamless connectivity

    Panvel is well connected to Mumbai and Thane by road, train and metro. It is connected to the Mumbai-Goa and Mumbai-Pune highway. The 8 Lane Sion Panvel Expressway connects Panvel to Navi Mumbai. The proposed water transport from Radio Club Ferry Wharf to NMIA/Belapur will cut travel time between Navi Mumbai & South Mumbai to 30 mins. The under-construction Mumbai Trans Harbour Link, also known as the Sewri Nhava Sheva Trans Harbour Link will connect Mumbai with Navi Mumbai. When completed, it would be the longest sea bridge in India. The road will be linked to the Mumbai Pune Expressway in the east and to the proposed Western Freeway in the west. Not to mention the metro and suburban trains that connect Panvel to Mumbai and other regions. What's more, residents of Hiranandani Fortune City, Panvel are offered shuttle service from the township to major centers.

    The potential market for rental returns

    There are a lot of outdoor spots around Panvel which are frequented by outdoor enthusiasts from all over Mumbai. The close proximity of the Karnala Bird Sanctuary, peaks of Haji Malang, Prabalgad, Kalavantin Durg, and the fort of Raigad make Panvel’s real estate a potential market for rentals. Lonavala, a top weekend hill station destination is just a 40 minutes drive from Hiranandani Fortune City Panvel. Matheran Hills, popular for colonial-era railway & dramatic lookout points, and iMagica Amusement Park are located within a half-hour ride from Fortune City.

    Industrial hotspot

    Panvel is an industrial hotspot. Some of the well-known Indian and international brands like Unilever, Larsen & Toubro, Reliance, ONGC, Hindustan Organic Chemicals, and the Jawaharlal Nehru Port Trust (JNPT) have a presence here and provide mass employment. It is also flanked by several units of Maharashtra Industrial Development Corporations (MIDC) in neighbouring areas like Taloja, Khopoli, Bhiwandi, and Patalganga.

    High growth potential

    Real estate experts feel that in the coming years, Panvel is expected to deliver a massive return on investment due to several infrastructure project pipelines. In the real estate market, property prices will move northwards with the increase in housing demand and infrastructure development.

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