Situated in the Raigad district Panvel has seen exponential development in the recent past. This has naturally led to a rise in the real estate market in the area. Away from the overcrowded areas of Mumbai, Panvel remains a lively location. Infrastructure and technology combined with lush greenery and a peaceful environment makes it a coveted location for most and here’s why
Location- strategically located at a junction, Panvel falls in the path of the Mumbai-Pune Expressway, Sion-Panvel Expressway and National Highway 4, 4B and 66. It is well connected by buses, taxis, auto-rickshaws, and trains. It is serviced by Panvel and Khandeshwar railway stations. With major hubs such as Mumbai, Pune, and Thane just a hop skip and jump away, Panvel has earned a well-deserved title of a prime location.
Infrastructure- Panvel is efficiently planned and maintained by the City and Industrial Development Corporation (CIDCO). IT is demarcated into 44 sectors and has a wonderful list of upcoming projects. The most popular one is the Navi Mumbai International Airport set to be operation by mid-2020. Another upcoming project is the CST-Panvel Rail Corridor that is expected to reduce travel time from Panvel to CST.
Education- Residents are also attracted by the ample educational opportunities Panvel presents. There are several renowned schools here such as New Horizon Public School (Khanda Colony), St. Josephs High School (SSC Board), St. Joseph’s Senior Secondary School (CBSE Board), DAV Public School, Shantiniketan Public School, Dr.Pillai’s International School and many more. Higher education opportunities include colleges such as Pillai’s Institute of Information Technology, Engineering, Media Studies & Research, Changu Kana Thakur Arts, Commerce and Science College, Mahatma Phule Arts, Science & Commerce (Panvel) and N.N.Paliwala Junior College.
Real Estate- All of these factors show promise of high returns which has attracted several prominent developers such as Hiranandani communities. There is abundant availability of housing here due to upcoming new projects in Panvel.
Panvel has rightly been deemed a hot property market and shows promise of developing even further in the future.