Top 5 Reasons To Invest In Panvel, Navi Mumbai By Space Amulyam
Explore Space Amulyam, a brand-new residential township with 1 and 2 BHK apartments that give peaceful views of the lake and a calm atmosphere in Panvel, Navi Mumbai. You may now afford to take a little vacation every day without going over budget. To make an informed choice about your ideal house, find out about costs, completion dates, features, amenities, and neighbourhood information.
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The region’s real estate industry, including the micromarkets, has been fueled by Navi Mumbai’s astounding expansion, which includes the founding of Atal Setu. The city is seeing an increase in the demand for real estate as a result of this infrastructure-led growth. Additionally, because of the abundance of housing possibilities they provide, neighbourhoods like Panvel are popular with real estate investors and buyers.
Space Amulyam is a brand-new township development in the Panvel area of Navi Mumbai that may be of interest to you if you’re also looking for 1 or 2 BHK homes. It is being developed by Space India Builders & Developers, a young, domestic developer that has completed 20 buildings in Navi Mumbai.
In order to help you make an informed decision on your new real estate purchase, let’s examine the project in more detail.
Space Amulyam: Overview of the project
Space Amulyam, a project by Space India Builders & Developers, has registration number P52000034022 and is MahaRERA certified. In order to further protect investors and homebuyers, it has also been approved by CIDCO-NAINA (City and Industrial Development Corporation – Navi Mumbai Airport Influence Notified Area). This new residential project in Panvel, Navi Mumbai, is a single-phase township development that spans 1.38 acres and is anticipated to be finished by December 2025.
Let’s take a detailed look at the Space Amulyam project specifications:
| Project specifics of Space Amulyam | |
| Launch year | End of 2022 |
| Price appreciation | 10 percent |
| Starting price when launch | Rs 27 lakh |
| Construction status | Construction of the sixth floor |
| Open area | 70 percent |
| Current starting price | Rs 31.93 lakh |
| Sample flat available | No, actual flats are available |
To provide a luxurious lifestyle, the project is additionally furnished with a number of amenities. These comprise, among other things, a two-story clubhouse, a kids’ play area, a fitness centre, and a beautifully planted garden.
Space Amulyam: Overview of the project
A low-rise development called Space Amulyam in Panvel, Navi Mumbai, offers 1 and 2 BHK homes. The apartments range in price from about Rs 30 lakh and feature carpet spaces of 398 to 463 square feet.
Examine the available apartments and their costs:
| Inventory status of Space Amulyam, Panvel, Navi Mumbai | |
| Total units | 150 |
| Available configurations | 1 BHK and 2 BHK |
| Sale status | 85 percent sold |
| Starting price | Rs 31.93 lakh |
| View/facing | A Wing – Road facing |
| B Wing – Amenities and Road | |
| C Wing – Lake space | |
| Lifts per tower | 2 lifts per building |
| Car parking charges (not included in apartment price) | Rs 2 lakh |
| Apartments per floor | 5 to 8 flats per floor |
Top 5 reasons to choose Space Amulyam as your project
In addition to its reasonable prices and the notable increase in property values since its inception, Space Amulyam stands apart from other local projects for a number of additional reasons.
Let’s examine these features that differentiate Space Amulyam from other developments in the Flamingo City of Navi Mumbai.
Lake & mountain view apartments
The Space Amulyam apartments in Wing C have a stunning view of Sarovar Lake Pale and verdant mountains. With such vistas, people can enjoy a revitalizing start to the day or a stress-relieving, serene haven right at home.
Sports & recreational-centric amenities
The property offers a number of amenities to promote healthy living among its occupants. A half basketball court, jogging track, high-tech gym, net cricket, badminton play area, table tennis, & children’s play area are a few of these.
Shuttle service to the Panvel railway station
The developer has included a shuttle service from Panvel Railway Station to the project site in order to provide last-mile connectivity. When taking the suburban railway, locals can quickly go to Panvel Station right outside their door.
A secured gated community
In Panvel, Navi Mumbai, Space Amulyam is a gated community that is guarded around-the-clock by CCTV cameras and has a security cabin. It has improved the project’s overall safety aspect by enabling biometric access restricted admission for all inhabitants.
Strategically located near social necessities
The advantageous location of Space Amulyam benefits its citizens even more. The future DB Patil Navi Mumbai International Airport is approximately thirty minutes away from the project site. Within ten minutes are numerous shopping centres, banks, entertainment venues, healthcare facilities, and educational institutions. In addition, it takes only fifteen minutes to get to the Mumbai-Pune Motorway and Panvel Railway Station.
Let’s now examine Panvel to see how it functions as a community for both investors and inhabitants.
Why should you invest in Panvel, Navi Mumbai?
A number of infrastructural improvements have been made in Panvel, notably the newly constructed Atal Setu. Numerous other projects are also planned for the area, including the CST–Panvel fast corridor, the Panvel–Karjat railway project, the Reliance SEZ and IT Park, and the DB Patil International Airport. It is projected that house values will climb even more as a result of these facelifts. In fact, throughout the previous five years, Panvel has seen an increase in property prices of more than 15%.
Let’s examine the Panvel in greater detail as a residential centre.
Constant appreciation in property prices
Just last year, Panvel real estate prices increased by almost 8%. Due to this increase, the average cost of an apartment in Panvel is now Rs 12,200 per square foot.
The price trends in Pune during the previous five years are as follows:
| Property price trends in Panvel, Navi Mumbai | |||
| Average property price | The Last 1 year | Last 3 years | Last 5 years |
| Rs 12,200 per sq ft | 8.4 percent | 13.5 percent | 19 percent |
This encouraging pattern gives prospective purchasers and investors’ confidence in Panvel’s increasing appeal as a residential hub.
Residents gave it a 4.3 out of 5 rating.
Panvel has received ratings of 4.3 out of five on the Ratings & Reviews site from both past and present inhabitants. The majority of assessments regarding Panvel have emphasized the area’s close access to public and private transit, nighttime safety, and well-maintained roads. Panvel’s positive appeal is enhanced by the existence of social amenities including parks, schools, and hospitals in the region.
Examine the following Panvel-area commercial centres, medical facilities, and educational institutions:
| Schools | Hospitals | Marketplaces |
| MBM Golden School | Anand Hospital | Jyoti Complex |
| Pushp Niketan English School | Shree Sai Multispeciality Hospital | Mahalaxmi Mall |
| Tukaram Rama Patil Public School | Central Hospital | Prime Mall |
| Sanjay Gandhi Smarka High School | Venkatesh Multi Speciality Hospital | Vghnahar Complex |
Easy access to the Navi Mumbai employment areas
The location of Panvel in Navi Mumbai has increased demand for residential real estate. Within an hour’s drive from the area are locations recognised for their employment hubs, such as Taloja MIDC, CBD Belapur, & Turbhe MIDC. Furthermore, it now takes much less time to get from Panvel to the Parel industrial complexes thanks to the recently launched Atal Setu. This has made it even more of a desirable home address for professionals in the workforce.
The demand for housing in a number of Navi Mumbai micro-markets, including Panvel, is predicted to rise by 20% by 2025. Among the contributing elements for such a surge are present and prospective infrastructure projects. Thus, Space Amulyam in Panvel, Navi Mumbai, is a good option to think about if you’re wanting to invest in real estate in Navi Mumbai or are searching for personal projects.
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