Good invest option in New Panvel area

Q: I am planning to invest in New panvel area for period of 4-5 years expecting good returns after that. One of the reputed builder from area Neel Group has good project just behind DMart but asking price for 2BHK is 1.15 crore. Is this price fair? I am concerned that as that price is high the property would not give me good returns after 4-5 years. Please advise

Nik, Navi Mumbai

14th January 2016

Investment Advice in New Panvel, Navi Mumbai

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Replies (5)

Hi,
If you are planning to buy property in New Panvel, here are the multiple properties available for sale in New Panvel. You can choose the property according to your budget. Residential projects in New Panvel

Sanjana Jain, Mumbai

28th January 2016

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Hi Nik,

We are delighted to know about your interest in buying a property. Our property "Serein" & "Amantra" is located at Thane & Kalyan. If you wish to know more about the project, please share your contact details so that our team can get in touch with you.

Regards,
Team Tata Housing

Amit Nanda, Mumbai

15th January 2016

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Hi,
If you are trying for home near Station, there will be no problem as far as commuting to travel will be little hectic as its tedious travelling in trains. And harbour trains are very famous of being late. The autos tend to overcharge so having own vehicle would be good idea. The condition of roads has worsen severely in rains. There are many shops so grocery won't be problem. There is D-mart and Big Bazar too.

Shalini Parikh, Mumbai

15th January 2016

Comment

Right Shalini,
The New Panvel locality is more developed than the old one as it is being developed, administered and maintained by the CIDCO. Since more land is available in Panvel (as compared to Navi Mumbai) real estate developers are exploiting this plus point and providing better amenities at the picturesque backdrop of hills. Due to the JNPT establishment, the largest IT parks at Mahape, small and large scale industries in local MIDCs and developments at Lonavala and Hinjewadi on Pune side generated huge employment opportunities at Panvel.

Abhishek,

15th January 2016

Comment

Right Abhishek,
Infrastructure and income generation are the two most important factors attracting investment in real estate at any particular destination. Though there are other major infrastructural projects such as Mumbai Trans-Harbour Link, metro and elevated Chhatrapati Shivaji Terminus (CST)-Panvel Railway Corridor proposed in Navi Mumbai, the international airport has added a thrust in Mumbai developers’ wings to expand their reach in the twin city. Coming of the airport into reality has created positive atmosphere in the market as land crisis issue is being addressed.

Shalini Parikh, Mumbai

15th January 2016

But based on the hope about new international airport at Navi Mumbai to get operational soon, value of property is in ascending order. Though no clear and visible progress is there on the actual site, corresponding area has certainly been developed with infrastructural projects. As ground is prepared, only lines are need to be drawn for actual beginning of the new chapter in further development of Navi Mumbai International Airport.

Ravindra Singh,

15th January 2016

Hi,
To get best deal on your selected property, You can call on this toll free number (1800) (180) (180) (180) Or You can list you requirement Post your Requirements to get matching properties details on your Email and Mobile.

Sanjana Jain, Mumbai

28th January 2016

Hi Nik,
Being an investment-centric area with considerable potential of long-term appreciation, Panvel is recently attracting big-ticket investments due to its close proximity to the proposed new international airport in Navi Mumbai expected to become operational by December 2018. Panvel located a bit beyond Navi Mumbai could ease some of the population pressure that Mumbai has been facing currently. Yes, price is little bit high due to Navi Mumbai International Airport but you can get a good discount as developers are offering huge discount due to slow realty market.

Shalini Parikh, Mumbai

15th January 2016

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