Locality Review Panvel

Q: Can anybody provide me a general feedback about Panvel locality as I am planning to invest in this area. Your feedback and comments will be highly appreciated

Praveen Modi, Mumbai

5th March 2014

Locality Review in Navi Mumbai

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Replies (10)

I heard that Panvel offers new apartments. Can anyone elaborate about the same?

Govinda,

21st October 2014

Comment

Panvel offers the most number of projects that are within the age of two years, closely followed by Kharghar and Kamothe.

The most available projects in the area are 1 and 2BHK apartments followed by a small number of 3BHK apartments. The average built area of a 1BHK apartment is about 530-715 sq. ft. while that of a 2BHK apartment is about 700-1,150 sq. ft. The average property value of a 1BHK apartment is about Rs 24-40 lakh and that of a 2BHK apartment is about Rs 30-70 lakh. A 3BHK apartment may cost about Rs 70 lakh-1 crore.

Deepankar Godbole, Mumbai

21st October 2014

Mr Vineet,
Definitely will help you with list of projects and builders. Some of the projects that are coming up in Panvel are:
1. IndiaBulls Greens
2. Space Orchid Residency
3. Greenearth Residency
4. Om Aashray
5. Ornate Escapia
6. Hiranandani Palace Gardens
7. Arihant Aakansha
8. Greenwood Estates
9. Moraj Riverside Park
10. Arihant Amisha
11. Monarch Greenspaces
12. Arihant Arham
13. Royale Ozone
14. Omkar Puram
15. Radhey Heritage

Some of the list of reputed builders include:
1. Radhey Properties
2. Omkar Krupa Builders
3. Space India Builders & Developers
4. Royale Realtors
5. Arihant Superstructures Ltd
6. Monarch Universal
7. Real Sales Infra Pvt Ltd
8. Moraj Group
9. Megapolis Landmarks
10. IndiaBulls Real Estate Ltd

Praveen Modi, Mumbai

5th March 2014

Comment

Hi ,
Can anybody provide me a list of projects and builders who are coming up with flats with good amenities in Panvel as I am looking to buy a flat in this locality shortly.

Vineet Tendulkar, Mumbai

5th March 2014

Comment

Hello,
Can somebody clear my doubt about investment option. I am planning to invest in a property in Navi Mumbai ? In which locality should I invest the property so that I get good returns in future period??

Shantanu Kumar, Mumbai

5th March 2014

Comment

Hey Dude,
I think Panvel is the best option available right now to invest in a property. Since the prices of the land are relatively cheap and affordable when compared with other localities like Vashi, Kharghar and SeaWoods Panvel is the best choice to buy/invest in a property. The present price that is prevailing in Panvel is Rs. 4312 per sqft. The properties have registered an appreciation of 7.31% in last 12 months which is a good sign.

Deepankar Godbole, Mumbai

5th March 2014

Hi Sirji,
There is no power or water crisis as such in this locality. The area receives 24 hrs power and water without any interruptions. When compared to other localities, Panvel is considered to be the safest place to reside. Though there are some minor incidents of crime that have taken place , no major incidents of crime or robbery has been reported from this locality in recent times due to constant vigil being kept by the local police. Hats Off to Mumbai police for doing such wonderful act. Kudos.

Lalit Verma, Mumbai

5th March 2014

Comment

Pranam Lalit,
There are many reputed schools and colleges that are located in Panvel like:
1. Pillais Institute of Information & Technology.
2. 2. St Josephs High School
3. Changu Kana Thakur School and Junior College
4. DAV Public School
5. New Horizon Public School
6. VK High School
7. St Marys School
8. St George High School
9. Huda School
10. MPASC College of Science & Commerce

Sankalp, Mumbai

5th March 2014

Hello Bikram,
Does the locality face any power or water crisis and how is the locality from safety point of view?? Can anybody tell me some good schools located in this locality??

Rakshit, Mumbai

5th March 2014

Comment

Not only that Panvel being just adjacent to proposed international airport. A Reliance SEZ is also coming up in the vicinity. It has no of many reputed schools, hospitals, colleges to meet the needs of its residents. There are many autos available in Panvel to travel within the locality. Panvel also has 2 main bus stands and buses are available to Thane, Kalyan, Dombivili, Badlapur, Dadar and Uran. A/c buses also ply from Panvel to Thane and Vashi at frequent intervals. The roads in Panvel are wider and well maintained as the locality comes under CIDCO.

Bikram, Mumbai

5th March 2014

Comment

Hey Sankalp,
I have a query which need to be clarified. How good is the transport and civic amenities from Panvel to other places in Navi Mumbai . Are there efficient buses and trains available from this area?? Since I am planning to buy a flat in this locality, want to have some idea about the infrastructure available?? Do let me know about it.

Lalit Verma, Mumbai

5th March 2014

Comment

Dear Lalit,
The recent developments are taking place in New Panvel which is an extension of Panvel. New Panvel is centrally located on the eastern side of the Mumbai-Bangalore Highway (NH-4) and Mumbai-Pune Expressway. It is also well connected to rest of India by road and rail mode of transport.

Padma G, Mumbai

5th March 2014

Hi All,
I am planning to buy a property for investment purpose in Panvel. How good is the locality and what level of price appreciation will I get in about 5-6 years time frame.

Shantanu Kumar, Mumbai

5th March 2014

Comment

Dear Shantanu,
Looking at the current scenario Panvel is the new developing hub for potential investors as well as promoters. Panvel is emerging as one of the best localities to buy/invest in a property in Navi Mumbai with prices of the properties soaring in recent times due to many commercial and infrastructural developments taking place in this locality. Lying at corridor of Mumbai-Pune Expressway is also one of the major factors for the boom in the real estate sector.

Sankalp, Mumbai

5th March 2014

Hi Praveen,
Presently Panvel is the most sought after property destination in Navi Mumbai after Vashi, Kharghar, Ulwe, Sanpada and JuiNagar. As these localities have already reached a saturation point with respect to real estate market, Panvel is the ultimate destination which is being flooded with many commercial as well as residential activities.

Vineet Tendulkar, Mumbai

5th March 2014

Comment

Hi Vineet,
True. I agree with you with this point. Many developers and promoters are launching many prestigious projects in various sizes and units keeping in mind the budget, requirements and the amenities. Due to better connectivity and well planned infrastructure facilities, Panvel is emerging as one of the top localities in Navi Mumbai.

Deepankar Godbole, Mumbai

5th March 2014