Top Reasons To Invest In Panvel In 2023
Panvel has developed into one of Navi Mumbai’s most popular residential areas as a result of its expanding infrastructure, convenient location, and reasonable cost. Panvel has had a 2.5% YOY increase, and there are many more things to consider. To get more arguments and gain insights into why you should invest in Panvel, read the article. Panvel, one of Navi Mumbai’s most affluent and desirable residential areas, is the most cost-effective place to invest. Since the International Airport’s unveiling in 2010, it has drawn more interest. Since then, the price of real estate in Panvel has doubled.
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Due to its proximity to Alibaug and Pune, Panvel has long been the leading choice for second houses in Navi Mumbai. It is located alongside the Mumbai-Pune Motorway and is divided into Old Panvel & New Panvel. The Old Panvel still has its expansive, rich vegetation and panoramic views, while the New Panvel has seen the creation of several residential projects. Additionally, CIDCO has ambitious plans for several infrastructure improvements that will boost Panvel’s real estate market.
The top 5 reasons to invest in Panvel are listed below.
Panvel’s Blooming Real Estate
Panvel, located in the heart of Navi Mumbai, provides a wealth of advantages to its residents. Panvel is seeing an increasing tendency of immobility despite having top-notch infrastructure, a rich natural past, and the possibility for future infrastructure growth. Leading developers have flocked to Panvel to build opulent homes and township developments.
Many middle-class working professionals are drawn to Panvel by the area’s reputation for offering affordable accommodation. Property prices are lower in Panvel & the surrounding areas than in Mumbai. Panvel offers a wide range of residential options, including top-notch, opulent apartments as well as flats and villas. In Panvel, the average price of a square foot is between Rs. 6,500 and Rs. 8,500.
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Property Rates in Panvel BHK wise |
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| 1 BHK | 2 BHK | 3 BHK |
| The Rs 21-36 L | Rs 39- 65 L | Rs 68 L – 1.10 Cr |
Panvel’s Growing Infrastructure to Invest
The infrastructure of the city determines the property’s cost. Residential construction will rise as a result of the new airport’s commercial operations. The buzz surrounding Navi Mumbai among purchasers or customers is remains positive as the development advances slowly over time.
The heart of Panvel’s real estate activity is the Panvel to Vashi metro line. The local real estate market is already expanding quite well. Additionally, government initiatives like the affordable housing programme have helped Panvel establish itself as a prominent sector in this region.
Social Infrastructure
In Panvel, there are many educational institutes. These include the Karnala Sports Academy, Pillai College, the Mahatma Phule Arts, Science, and Commerce College, and the MGM College of Engineering & Technology. The neighbourhood is also home to a number of reputable hospitals, including Lifeline Hospital, Paramount Hospital, and Sahasrabudhe Hospital. You may eat and shop close at Orion Mall or a number of great eateries.
Easy Connectivity Options for Panvel Investment
Panvel provides excellent road and railway connectivity options. Mumbai is effectively connected to the city. It is crucial to recognize that Panvel is thought of as the gateway to the Konkan region since it makes moving from one state to another quite simple. Travel to Pune, Kolhapur, and other places is made simpler by the connectivity of the Panvel-Sion highway and the Pune-Mumbai motorways.
Given how simple it is to get throughout the city, this supports the case for investing in Panvel real estate. Around 116 suburban trains run from Panvel Railway Junction to Thane, Andheri, Mumbai, and other distant locations.
Future developments
The Panvel region’s real estate market will expand as a result of the upcoming Navi Mumbai International Airport, Navi Mumbai Metro, and Mumbai Trans Harbour link, which will all cut down on travel time.
With a direct connectivity to the planned Navi Mumbai International Airport, Panvel’s retail and hospitality sectors stand to experience significant expansion.
Panvel’s Affordable Properties
Panvel is growing and improving daily, offering a range of accessible housing options for all people. The project offers a variety of housing alternatives in Panvel, including bungalows, apartments, and more.
The majority of buyers of real estate in India are expect to be foreign nationals, according to real estate developers. NRIs should consider investing in Panvel because it is becoming more and more well-liked among investors.
2 BHK and 1 BHK flats in Panvel are increasingly popular.
Potential Rental Market in Panvel for Investment
If you want to invest in a reliable strategy that will yield returns, consider real estate. Because of its proximity to Karjat, the Karnala Bird Sanctuary, the Raigad fort, Haji Malang, Prabal Gad, & the Elephanta Caves, Panvel has the potential to become a sought-after vacation rental area for tourists in the future. Matheran, Alibag, Gadeshwar Dam, & Ballaleshwar Pali are a some of the area’s tourism attractions.
An 8% rental yield in Panvel makes it a viable investment choice and a good reason to invest there. The potential for major economic & infrastructure improvements in that particular location must be seen as the best return on investment component because it has a significant impact on customers’ purchasing decisions.
Is Panvel a good place to invest in Properties?
It’s said that Panvel is the best place to spend the evening with your family. Panvel, which is furnished with cultural and social attractions, offers the best educational institutions, upmarket nightclubs, restaurants, hospitals, & medical facilities.
Panvel is a masterfully build city with outstanding amenities and services. There are lots of clubs, banks, restaurants, gyms, recreation centres, and other facilities. There are also modern educational facilities that house the best institutions and universities. This presents one of your best investment prospects due to the aforementioned essential components.
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