Panvel, one of the most populated areas of Mumbai was once known as a big rice market. However, Panvel is changing with time becoming the next prime locality in the real estate domain. This prime area of Navi Mumbai has emerged in no time and investing in its properties is a huge profitable statement for common buyers.
Unlike other jammed parts of Mumbai, Panvel offers a fresher perspective of life with lots of breathable space.
These top 5 reasons to invest in Panvel are worth your time & money:
Accessibility to prominent places
Panvel offers excellent rail-road connectivity. The locality connects both central and western lines efficiently. Interestingly, Panvel is also known as the gateway to the Konkan region, easing commute to the other states of India. It is also connected to the Mumbai-Pune expressway and the Sion-Panvel Expressway. Traveling to many parts of the city becomes extremely convenient which proves to be a brownie point for real estate in Panvel.
Current Infrastructural and Industrial growth
City’s infrastructure determines the value of your property. With the upcoming new airport, commercial activities will increase, thereby, resulting in an increase in residential projects. For buyers in the residential segment, the euphoria over the Navi Mumbai airport remains positive as the work is slowly progressing with time. Development of Metro line from Panvel to Vashi has made Panvel a hot spot in real estate. The area is already witnessing excellent growth in terms of the property market. Moreover, government’s many initiatives like affordable housing schemes have made Panvel a prominent segment in this category.
Panvel has also been graced by industrial growth as top companies and MNCs have established their foothold. Industries like Hindustan Organic Chemicals Ltd., Oil, and Natural Gas Corporation have contributed to the advancement of Panvel.
Keeping an eye on upcoming residential projects in Navi Mumbai will prove Panvel as a profitable investment in the long run for home seekers.
Prosperous Real Estate
Panvel, located in the heart of Navi Mumbai provides its residents locational advantage. With its natural backdrop, world-class infrastructure, and futuristic infrastructural developments, Panvel is seeing an upward trend in real estate. Many renowned real estate developers are coming up with luxurious residential projects transforming Panvel into the most desirable place to live. All in all, the area is significantly known as the affordable housing segment which is pulling a good chunk of middle-class earners to invest in Panvel properties. One can find real estate property up to 40 lakhs in Panvel and nearby areas. Thus, low budget homes in Panvel is another reason why it is becoming highly popular.
Highest investment returns in the future
Buying a land or property is one of the wisest investments after gold purchase. It is highly important to invest in the right locality at right time. Hence, buying a new home in a location like Panvel where one can expect highest investment returns in future is profitable by all means.
When buying a property, one must also see the number of futuristic infrastructural and economic developments taking place in that particular locality as the ROI factor based on it influences one’s purchasing decision significantly.
Socio-cultural balance
Mumbai has always been on top when it comes to social life. However, there is no surprise if Panvel is looked after as a locality where you can spend fun-filled evenings. A range of best educational institutes, top restaurants with multi-cultural cuisine and nightclubs, best healthcare units and hospitals, Panvel is armed with every socio-cultural amenity to serve best social life.
For quality education, you can count on Panvel’s some of the educational institutes like Dav Public School, Delhi Public School, and Thakur Arts and Science College. Shopping malls like K Mall, Mahalaxmi, and Orion Mall keep your shopping and entertainment bags full.
New constructions are on in Panvel and the current market value is opening a door of golden opportunities. Panvel, a place where lifetime happiness is assured!
