Infrastructure holds special importance while determining the value of assets in a particular region. An area with smooth transit connectivity and efficient social and physical infrastructure holds a good value. Along with connectivity, the availability of industries, commercial base and other relevant civic facilities also drives the customer’s preferences towards the city. Such aspects assure growth and a convenient lifestyle. Customers in metros lookout for properties that are encircled with sustainability as well as easy mobility. The main motive behind their home-buying decision is to amplify the quality of life.
The issue is that the need for rapid urbanization undermines the possibility of productive spaces and transit connectivity. However, the city of Panvel has its own unique story of development. This city is contributing majorly to Maharashtra’s GDP growth through various sectors like industries, commerce and trade, besides real estate. Though not a metro yet, Panvel is a part of the blooming satellite, called Navi Mumbai. The city has a bright future with numerous ambitious projects in its pipeline. While outlining the development of Panvel city, the development authority CIDCO gave due importance to efficient infrastructure without compromising on productive spaces and recreational facilities. The USP of the city lies in its well-planned infrastructure. The transit connection has made the city connected to all major cities as well states in the country. Among these, Navi Mumbai International Airport is the most ambitious project.
Navi Mumbai International Airport is situated in Panvel city and is in progress. CIDCO has cleared the site completely and handed it over to the Adani Group, the concerned authority for the development of the airport. The company has initiated the terminal and runway construction at the site. The passenger service will soon start from the airport. The airport has created momentum for the transformation of the once underdeveloped region into a booming satellite city. Panvel will be on the global charts with the development of this state-of-the-art airport. It has also promoted the growth of real estate in Panvel. Since the announcement of the airport, the number of people inclining towards housing in Panvel has deliberately increased. Foreseeing the future, the current investment will surely provide them with lucrative returns. Considering the sustainable environment of the city along with such major developments, the city has also become a source for retirement homes.
Apart from this, MTHL development will make Panvel, the epicentre of real estate. Mumbai Trans Harbour Link will enhance transit connections and create a huge number of job opportunities. Commuting will become reliable for the people of Panvel and Mumbai. The distance between Navi Mumbai and Mumbai will be reduced. It will augment economic and business growth in the region. The state government is also emphasizing Panvel, as a turning point for real estate. All these development will rapidly increase the demand for the city. The smooth connectivity results in the emergence of various work and residential spaces which will in turn lead to an influx of a huge population.
The development of Navi Mumbai International Airport and Mumbai Trans Harbour Link will stimulate the growth of Panvel city and surrounding areas. Anticipating Panvel’s proximity to these projects and ample spaces offered here, people from Mumbai and other parts of the state are getting enticed by the city. Recreational facilities like shopping malls, banks, a generous number of gardens and parks, etc. have proved advantageous for the city. These ambitious infrastructural projects will lead to a paradigm shift in the housing sector of Panvel and surrounding areas. Such aspects in the developing city not only assure economic growth but also guarantees sustainable living with affordable housing.
Belmac Riverside being just 5 Kilometers away from the airport, will be a successful narrative for each customer. Every customer residing will be able to avail of all these prosperous facilities complemented by spacious and affordable houses.
