Panvel, Navi Mumbai
Panvel’s real estate market is a terrific area to live modern and enjoy the surroundings! Explore the ready to move projects in Panvel that offers a perfect balance between urban convenience and serene surroundings. Finding your own Panvel house may be an exciting quest, and “Houssed” is the perfect place to start.
Panvel, often known as the entry point into the Konkan region, is situated in the Raigad district of Navi Mumbai, Maharashtra. Takka Colony, Forest Colony, and Sector 17 New Panvel East are all close by. This area is home to the Panvel Municipal municipality (PMC), the oldest municipal municipality in Maharashtra. At the moment, CIDCO is in charge of managing the most recent developments in the city.
This region, which is close to Panvel Creek’s banks, is home to about 570,219 people. The region actively celebrates a number of festivals, the most well-known and well-liked of which are Ganeshotsav and Dahi Handi.
The intersection of the Mumbai-Pune Motorway, Mumbai-NH-17, and Mumbai-Bangalore National Highway (NH-4) is located at Panvel, which serves as a handy transit hub.
Among the well-known places in Panvel are the Varad Vinayak, Matheran, Shirdhon, Bet El Synagogue, Gadeshwar Dham, Karnala Bird Sanctuary, and Karnala Fort temples.
Why Should You Invest in Ready to Move Projects in Panvel?
Panvel offers a 6.1% net rental return with rental costs ranging from Rs. 8400 to Rs. 44000. Projects like Paradise Sai World City, Hiranandani Fortune City, and Wadhwa Wise City have the highest yearly rental yields in Panvel.
Without factoring in rental income, the average cost of a Panvel flat is 11,700 per square foot. The Year on Year (YoY) price change for apartments is around 6.6%. In this area, Godrej City (14.9%), Wadhwa Wise City (21.9%), and Dudhe Vitevari (33.7%) are the most popular projects.
Panvel has a decent range of 1 BHK, 2 BHK, 1 RK, 3 BHK, and 4 BHK residential homes in the mid-income price range. Leading developers in the region include Hiranandani, Siddhivinayak Gaurav, Arihant Aspire, 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: Since the numbers above are only estimates based on information gathered from several sources, they may not reflect the true cost. The cost displayed above may vary depending on the developer, the location, and the amenities.
Top 5 Reasons to Invest in Ready to Move Projects in Panvel
1: Geographical Advantage
Panvel’s historical significance as the main commercial centre of Paneli or Panelim adds to its allure. It has traditionally facilitated commerce and business, serving as the main entry point to the Konkan region. Panvel’s expansion is significantly influenced by its advantageous location at the intersection of many routes. The Mumbai-Pune Motorway, which links to important economic hubs, and the NH 17 connectivity to Goa and other coastal areas make Panvel easily accessible.
2: Sound Connectivity
- The Panvel area is connected to Badlapur, Dadar, Kalyan, Thane, Vashi, etc. via ST and NMMT bus terminals.
- About 40 miles separate you from Chhatrapati Shivaji Maharaj International Airport.
- This upmarket suburb is well-served by the roads connecting Mumbai to Bangalore and Sion to Panvel.
- It is connected to the Mumbai CST Station by a station on the Harbour Line of the Mumbai Suburban Railways.
- This is the site of Yotta NM1 Data facility, the largest data facility in Asia; CBD Belapur is about 12 km away.
3: Rapid Infrastructure Development
Overseeing major infrastructure projects in Panvel is CIDCO. These are a handful of the most well-known medical facilities, educational institutions, shopping malls, and entertainment venues:
| 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
Pune’s industrial growth has attracted some noteworthy companies and industries.
- Larsen & Toubro Ltd., Reliance, and Hindustan Organic Chemicals Ltd. all employ these techniques.
- The Kalamboli Industrial Area is located in Panvel; the distances between Taloja, Patalganga, and Khopoli MIDC are around 15 km.
5: Natural Beauty & Green Spaces
- The Karnala Bird Sanctuary and the Karnala Fort are both near to Panvel.
- A few of the parks in Panvel that contribute to the abundance of greenery in the neighbourhood include SMART Eco Park, Rajiv Gandhi, CIDCO Garden, Dongary Garden, and Chhatrapati Shivaji Maharaj Maidan.
- The well-known tourist attractions Gadeshwar Dam, Adai Waterfalls, and Karnala Bird Sanctuary are all within 15 miles.