Panvel which was known as a marshy land and rice paddy has turned into a developing city in Maharashtra. The city was once a rural, underdeveloped region set beside a creek and mangrove forests and was distant from the developmental initiative going on in Mumbai. Mumbai was then a very populous city with hundreds of people migrating from all over India. Owing to the importance of the financial city of India, Mumbai was getting congested with residential and commercial developments, causing a dearth of required spaces to expand. Thus, it was a need to resort to other options which led to the outline of the twin city of Mumbai, namely Navi Mumbai. The new city comprised several regions from the Thane and Raigad districts. The regions from Thane are now completely developed and sustained while the cities in the Raigad district are currently booming with several developments. Panvel is the most preferred spot for residential and commercial opportunities among modern homebuyers.
Panvel is one of the cities being planned and developed by the CIDCO, the town planning authority of the Government of Maharashtra. The corporation has been developing several infrastructural projects that have changed the economic dimension of the Panvel region. The region is now surrounded by several multinational companies and business stalwarts such as Reliance, Larson and Turbo, Siemens, Accenture, etc. paving the way to increasing employment opportunities. Since the year 2000, the city has seen an increasing population influx from Mumbai and other cities towards Panvel. The city is situated at the periphery of Mumbai and Navi Mumbai, it is the gateway to Konkan further leading the path to Southern India. The city is a major junction connection to all important cities through road and railways. Panvel comprises a sustainable and greener environment, making it one of the vital factors in attracting home buyers to the city. The city provides an option of affordable homes with expansive spaces within and surrounding the houses. The developments in the city are mainly transit-oriented providing a smooth web of transport networks.
Panvel has been evolving since the inception of its planning. It has become a flourishing real market in the country with NRIs also garnering their interest in the city for investments. It has now become a crucial part of the Mumbai Metropolitan Region. The city is experiencing unprecedented growth in terms of infrastructural, commercial and recreational aspects. The city provides housing options for every economic stratum as per their needs and preferences. Moreover, the city assures aspiring homebuyers and investors of an ungraded lifestyle. The city is home to numerous ambitious projects such as D B Patil International Airport, Navi Mumbai Metro, Mumbai Trans Harbour Link, NAINA town planning schemes, etc. These projects will boost housing, commercial and business growth that will provide an abundance of employment opportunities to the residents of Panvel and the peripheral areas. Panvel also includes some of the reputed educational institutes in the field of engineering, medicine, fashion, commerce, etc. Thus, residents do not have to wander for lifestyle needs as everything would be within the vicinity.
The land dimension has been a turning point in the urbanization of the Panvel. The region consists of a resourceful landscape that provides a scope for substantial developments without claustrophobia. It provides ample space that enables convenience in day-to-day life. Apart from the economic and social infrastructure, the city also provides end number of weekend options to spend leisure time. Major tourist destinations and hill stations are within proximity of the city which adds up to the comfort and reliability of its residents. Panvel is encompassed by several infrastructural projects and social facilities that have made it the most preferred option over Mumbai. Homes in the city are free from compact spaces and congested surroundings. Considering renowned reports in real estate, the property prices have been increasing deliberately in Panvel, assuring a lucrative return on investments to homebuyers.
