Panvel- the euphoria of the realtors!

Once known as a huge rice market, the mounting nodule of Navi Mumbai, Panvel has emerged as both commercial and residential real estate hive. Purchasing property in Panvel, Navi Mumbai is an exceptional prospect as with time Panvel is transforming into a leading zone in real estate arena. Gradually catching the eyes of many realtors and financiers, Panvel will be incurring many more renowned projects in the near future, hence put a stack of cash in its properties can be bring lucrative declaration for common buyers.

Though, Panvel is one of the most inhabited areas of Mumbai, but defying the common scenario of congested Mumbai, the area proposes a novice outlook of life to Mumbaikars with oodles of breathable space.

Advantageously positioned Panvel has excellent rail-road connectivity, offering approachability to prominent places. The vicinity links both central and western streaks proficiently. Intriguingly, Panvel is also recognised as the entrance to the Konkan region, facilitating commute to the other states of India. Offering ideal connectivity to the Sion-Panvel Expressway and Mumbai-Pune expressway, traveling to other parts of the city becomes exceptionally comfortable which again gives some brownie point for property in Panvel. Panvel has also been adorned by industrial growth as top companies and MNCs such as Hindustan Organic Chemicals Ltd., Oil and Natural Gas Corporation have established their traction contributing to the development of Panvel. Mumbai has always experienced an over active social life. Nevertheless, it doesn’t brings any surprise if Panvel is perceived as a vicinity where you can spend fun-filled evenings. The new developments being governed by CIDCO, the expanse is not only progressing in various industries but also has plentiful reputed hospitals, schools, malls, eating joints, night clubs, etc.. In all we can say that Panvel is loaded with every socio-cultural amenity making the location apt for people seeking a luxurious and convenient regime.

The infrastructure development defines the value of the property in Panvel. With the proposed new airport, commercial undertakings will increase, consequently, ensuing in an evident surge of commercial and residential projects in the city. Additionally, the expansion of Metro line from Panvel to Vashi has again listed the vicinity in the top grossing real estate hive. The area is already undergoing exceptional growth in terms of real estate. Furthermore, government’s several proposals like reasonable housing schemes have made Panvel an evident segment in this category. That’s the reason Panvel has observed a noticeable hike in property rate from the last few years and is anticipated to mount in the coming times.

There is another reason that Panvel is prospering rapidly in real state- positioned in the heart of Navi Mumbai, its occupants have locational benefit. With its geographical milieu, state-of-the-art infrastructure and advanced infrastructural expansions, Panvel is facing an uphill drift in real estate. The place is luring many prominent realtors to construct comfortable housing projects converting Panvel into the most appropriate place to dwell. All in all, the area is notably acknowledged as affordable housing fragment tugging a good chunk of middle-class strata to endow in property in Panvel.

The upcoming projects are strategically planned that will cover the crucial issues of water logging in the vicinity. There will be no power cuts as the new projects include 24*7 power backup for the residents. The issue of parking space is also taken in consideration. The projects includes various categories of flats, studio apartments and pent houses in its establishments that will be adorned with all the basic amenities such as gym, swimming pool, sport complex for a comfortable living.

Hence, it is appropriate to insinuate that those who are seeking a luxurious and modern lifestyle in affordable prices, Panvel is the little heaven for them!