Panvel is a booming real estate hub in India. Whether a first-time home buyer or even an NRI, most homebuyers are inclined towards this flourishing metropolis. This city plays a major role in the country’s social, economic and commercial developments. Panvel is the core area which has sidelined mainland Mumbai with a better ambience and sustainable lifestyle. It is the prime focal point in the entire Mumbai Metropolitan Region. It is foreseeing ambitious developments in the coming time.
Navi Mumbai is the substitute region for Mumbai developed by CIDCO, which has now become a majorly populous city. It is paving the way towards an expansive lifestyle with no congested spaces and buzzing streets. The entire region is meticulously planned with an effective network of transport, commercial zone and optimum green landscape. Among others, Panvel is the key residential spot of Navi Mumbai. It offers a contemporary lifestyle against the backdrop of several ambitious projects under progress. Panvel, which was once a marshy land and was not more than a weekend holiday destination, it is has become a residential hotspot that assures you an amplified life in the coming time. It is now attracting an end number of investors.
INFRASTRUCTURE
The major contributor to the growth of Panvel is its infrastructural upheaval. Infrastructural projects have outlined the ascending graph of progress in the city. The much-coveted D B Patil International Airport is being developed rapidly in the region. The airport will be soon available to render service to the citizens. It will decongest the pressure on the Mumbai Airport. Apart from this, Mumbai Trans Harbour Link will enhance the connectivity between Mumbai and Navi Mumbai. It is surging towards completion. Panvel being centrally located, it is well connected with all major cities. Being in the midst of infrastructural and connectivity development, Panvel is foreseeing exponential growth with appreciated housing prices and rental yields.
COMMERCIAL DEVELOPMENT
Commercial developments have been surging in Panvel since the last decade. Along with residential areas, the city has abundant commercial zones. Many reputed companies have their head offices in the region. CIDCO will soon develop International Corporate Park that will attract numerous business stalwarts and foreign investments. The development of the international airport and proposed Aerocity will enhance trade and commerce exponentially. This will create huge employment opportunities for the residents. As the city is efficiently connected with other major cities, it assures proper work-life balance. Panvel also has a good industrial base. Top MNCs are establishing their setups here, thus leading to the advancement of Panvel.
SUSTAINABLE ENVIRONMENT
Apart from infrastructural and commercial developments, Panvel offers a sustainable environment to live in. Though there is a major industrial belt in the region, the pollution is less compared to Mumbai. The city offers an extensive green landscape along with other developments. There are no congested streets and crowded lanes, providing a room to enjoy a comfortable lifestyle. Moreover, various recreational facilities are adding up to the convenience of the residents.
The availability of expansive open spaces, plush greenery, serene surrounding and comparatively affordable rates than any metro city, makes Panvel an ideal metropolis to invest in and reside in. The current and proposed projects have outlined the augmented growth of the city. This guarantees increased property value and lucrative returns on property investments. For first-time home buyers, Panvel offers the best option including affordability and quality. Panvel is becoming the centre point of major commercial developments thus, becoming the top residential hub in the Mumbai Metropolitan Region.
