New Residential Projects in Panvel - Houssed
Panvel, Navi Mumbai
The real
estate market in Panvel is a great place to live contemporary and take in the
surroundings! Discover the new residential projects in Panvel that provide the ideal fusion of tranquil settings
and urban conveniences. It may be an interesting journey to find your own
Panvel house, and "Houssed" is a great place to start.
Panvel is
located in the Raigad district of Navi Mumbai, Maharashtra, and is frequently
referred to as the entry point into the Konkan area. Nearby are Takka Colony,
Forest Colony, and Sector 17 New Panvel East. The oldest municipal municipality
in Maharashtra, the Panvel Municipality (PMC), is located in this region.
Currently, CIDCO is in charge of overseeing the city's most recent
developments.
Near the
banks of Panvel Creek, this area is inhabited by around 570,219 people. Several
festivals are widely observed in the area, the most popular and well-known
being Ganeshotsav and Dahi Handi.
Panvel is a
convenient transportation hub, situated at the intersection of the Mumbai-Pune
Motorway, Mumbai-NH-17, and Mumbai-Bangalore National Highway (NH-4).
The Varad
Vinayak, Matheran, Shirdhon, Bet El Synagogue, Gadeshwar Dham, Karnala Bird
Sanctuary, and Karnala Fort temples are a few of the well-known locations in
Panvel.
Why Should You Invest in New Residential Projects in Panvel?
Panvel has
rental prices ranging from Rs. 8,400 to Rs. 44,000 and gives a 6.1% net rental
return. Panvel's greatest annual rental returns are seen in projects like
Paradise Sai World City, Hiranandani Fortune City, and Wadhwa Wise City.
The average
price per square foot of a Panvel flat is 11,700, not including rental revenue.
For flats, the Year on Year (YoY) price change is around 6.6%. The most
well-liked developments in this area are Godrej City (14.9%), Wadhwa Wise City
(21.9%), and Dudhe Vitevari (33.7%).
In the
mid-income bracket, Panvel offers a respectable selection of 1 BHK, 2 BHK, 1
RK, 3 BHK, and 4 BHK residential properties. Prominent developers in the area
are Hiranandani, Arihant Aspire, Siddhivinayak Gaurav, 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: The figures above might not
accurately represent the cost because they are only approximations based on
data gathered from a number of sources. The developer, the area, and the
amenities might all affect the price shown above.
Top 5 Reasons to Invest in New Residential Projects in Panvel
1: Geographical Advantage
Panvel's
historical significance as Paneli or Panelim's primary commercial hub
contributes to its appeal. It has historically acted as the primary gateway to
the Konkan area, promoting trade and enterprise. Panvel's strategic location at
the crossroads of several highways has a major impact on its growth. Panvel is
easily accessible by the Mumbai-Pune Motorway, which connects to significant
economic centres, and the NH 17, which connects to Goa and other coastal towns.
2: Sound Connectivity
- Through ST and NMMT bus terminals, the Panvel region is connected to Badlapur, Dadar, Kalyan, Thane, Vashi, etc.
- Chhatrapati
Shivaji Maharaj International Airport is around forty miles away.
- The
highways that connect Sion to Panvel and Mumbai to Bangalore provide good
access to this upscale area.
- There
is a station on the Mumbai Suburban Railways' Harbour Line that connects it to
the Mumbai CST Station.
- The
largest data centre in Asia, Yotta NM1 Data Facility, is located here; CBD Belapur
is around 12 kilometres distant.
3: Rapid Infrastructure
Development
CIDCO is in
charge of significant infrastructure projects in Pune. These are only a few of
the most well-known hospitals, schools, retail centres, and entertainment
places:
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
Some notable businesses and corporations have been drawn to Pune by its industrial expansion.
- These methods are used by Larsen & Toubro Ltd., Reliance, and Hindustan Organic Chemicals Ltd.
- Panvel is home to the Kalamboli Industrial Area; Taloja, Patalganga, and Khopoli MIDC are around 15 kilometres apart.
5: Natural Beauty & Green Spaces
- Panvel is close to the Karnala Fort and the Karnala Bird Sanctuary.
- A
few of the parks in Panvel that add to the neighborhood's profusion of greenery
include Rajiv Gandhi, CIDCO Garden, Dongary Garden, SMART Eco Park, and
Chhatrapati Shivaji Maharaj Maidan.
- Within
15 miles are the well-known tourist destinations Gadeshwar Dam, Adai
Waterfalls, and Karnala Bird Sanctuary.
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