Is Panvel a good destination for buying apartments?

Q: Hi, how are investment prospects in Panvel?

Rajiv,

24th March 2015

Buying property in Panvel, Navi Mumbai

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Replies (6)

Well Dayananda,
Panvel has a growing social infrastructure. it has a good number of renowned schools and healthcare institutions. New Panvel is set to be an educational hub and is home to several well-known institutions. Apart from these institutions, New Panvel is set to be an educational hub and is home to several well-known institutions. Apart from these institutions, there are several other commercial establishments. There are 2 main bus stands in the area from which regular buses ply to all the main areas in and beyond Panvel such as Bhiwandi, Thane, Badlapur, Kalyan, Dombivli, Dadar and Uran. The Panvel Junction is one of the most important railway stations in Mumbai.

Abhinandsavalla, Mumbai

29th March 2015

Comment

How is the social infrastructure of the locality? Is the locality well connected with The CBD Belapur? And which are the locality easily accessible from the Panvel?

Dayananda, Mumbai

27th March 2015

Comment

Hi Shaunak,
Panvel has a great connectivity with other parts of Mumbai and other cities in India. Major highways such as the Mumbai-Pune Expressway, Sion-Panvel Expressway, NH-4B and NH-17 start from this location. NH-4, which is the Bangalore Mumbai Economic Corridor (BMEC) also passes through the locality. The Sion-Panvel Expressway also connects the locality to the Mumbai International Airport. The main roads in New Panvel are much better in comparison to those of Old Panvel.

Kiran Kumar, Chennai

26th March 2015

Comment

Hi,
I am planning to buy property in Panvel. How is the connectivity of Panvel with other parts of Mumbai and other cities in India? As i have to travel a lot because of my business purposes? Is the offered transport facility good enough for the locality?

Shaunak Verdla, Mumbai

25th March 2015

Comment

Well Shalini,
How is the real estate trend in Panvel? What is the current property rate is going on in the locality? How much appreciation on can expect in 3-5 years?

pradyumanapte, Mumbai

24th March 2015

Comment

One may buy an apartment in the area at a affordable price as the property values here are in the range of Rs 4500-6500/sq-ft. The residence rates in the place have been seeing a upward trend over the last 3 years. The locality experienced nearly 60 % appreciation in property prices over three years, and is growing, thanks to the upcoming international airport.

Hence, if you are looking to buy a property in MMR cheaply and a fast growing place, Panvel is a recommended location.

Shalini Parikh, Mumbai

24th March 2015

Hi Rajiv,
The biggest drivers of property market in Panvel initially were reasonable prices and a peaceful environment. Later, the Panvel housing market got a big boost by the fast industrialization in and around Navi Mumbai. The upcoming Mumbai international airport in the place has now become a advantage for the property market in the area.

Roshni Pawal, Mumbai

24th March 2015

Comment

Hi Roshini,
I wanted to know what are the most common apartment configurations are available in the locality? What is the current valuation of these configuration and the approximate built-up area?

pradyumanapte, Mumbai

24th March 2015

Hello Roshini,
Panvel offers a good number of fresh launched, under-construction and ready-to-move apartment in the cost-effective price, economy and luxury segments. There are also a few villa projects available here. The most common apartment options are 1/2BHK units with a few 3BHK units as well. While the approx. built area of a 1BHK apartment is about 600-800 sq-ft., the approx. built area of a 2BHK apartment is about 750-1,200 sq-ft. and the approx . built area of a 3BHK apartment is about 1100-1750 sq-ft.

Shalini Parikh, Mumbai

24th March 2015