Space Greens: Why Should I Invest in This Navi Mumbai, Panvel Housing Project?

Panvel Housing Project: Ever imagine living tucked away in the lap of nature? An under-construction project called Space Greens in Panvel, Navi Mumbai, offers a therapeutic atmosphere complete with an aroma garden and a medicinal plantation zone. Space Greens guarantees a comfortable lifestyle with over ten lifestyle facilities and a handy shuttle service to Panvel Railway Station. Let’s examine its costs, features, and reviews from the area.


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Panvel has established itself as a major housing hub after first being acknowledged as a second house destination in Navi Mumbai. End-users and investors are drawn to the area by its abundant greenery, reasonably priced housing alternatives, solid social infrastructure, and smooth connection. Homebuyers find it even more appealing now that Atal Setu has opened and planned infrastructure developments are underway.

Space Greens may be a good option for people searching for a 1 BHK in Panvel at a reasonable price range. It is being created by Space India Builders & Developers, a Navi Mumbai-based company with 13 years of expertise, with 20 completed projects, and 15 ongoing.

To obtain all the necessary information about Space Greens and to help you make an informed investment decision, read that article.


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Space Greens: An Overview of the Project

Spanning two acres, Space Greens is a residential development located in Panvel, Navi Mumbai. There are six buildings in this one-phase housing complex; towers three and four are now being built. As of right now, both towers are 85% and 95% complete, respectively.


With the help of the table below, let’s learn the fundamentals of Space Greens in Panvel, Navi Mumbai:

Know about Space Greens in Panvel, Navi Mumbai
Launch month May 2023
Launch Price Rs 18 lakh (1 BHK)
Current Price Rs 21 lakh (1 BHK)
Price Appreciation 17% (approx.)
Sample flat Yes
Total number of units 242 (including studio, 1 BHK and 2 BHK)



Space Greens: An Analysis of Prices

The oxy-rich studio, one, and two-bedroom residences in Space Greens. This G+4-story low-rise residential complex has units with carpet areas ranging from 380 to 434 square feet, and prices start at Rs 21 lakh. This project’s studio and two-bedroom apartments are completely occupied.


Inventory status of Space Greens in Panvel, Navi Mumbai
Units 1 BHK
Units availability 182
Size 380-434 sq. ft
Price Rs 21-23 lakh
View Garden and mountain facing
Sales status Around 20% sold


Prospective purchasers may reserve a unit in Space Greens by paying a nominal fee of Rs 51,000 and selecting a payment plan tied to the building of the unit. The customers must submit the payment in installments as per the payment schedule when the project’s various stages or slabs are completed.


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The top three reasons to purchase an apartment at Space Greens

Nestled amidst Panvel’s verdant environs, Space Greens is a nature-focused property that has a few standout characteristics that make it a viable choice. Here are a few of Space Greens’ greatest moments:


The Aroma Garden and Medicinal Plantation Zone Space Greens in Panvel, Navi Mumbai, were built with an emphasis on healthy enjoyment and green living. The project includes a medicinal plantation zone and scent garden, which give residents a greener living space and the opportunity to truly feel the therapeutic force of nature. In addition, Space Greens offers a wide range of facilities to give its residents a contemporary, cozy, and luxurious lifestyle.




Examine the project’s intended facilities

Amenities in Space Greens
Club house Jogging track
Garden Indoor games
Open gym Half basketball court
Children’s play area Senior citizen sitting area
Meditation center Temple near the complex


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From society, take the shuttle bus to Panvel Railway Station

The shuttle bus service from Space Greens to Panvel Railway Station is an excellent feature that makes commuting simple. In addition to giving the locals better last-mile connectivity, this will lessen their reliance on their personal automobiles for local and distant transport. Additionally, having a shuttle service just outside their door will be quite helpful to the locals who prefer to travel by train.



Social comforts easily accessible

Given that Panvel has a strong social infrastructure, Space Greens benefits greatly from its advantageous location. Space Greens provides hassle-free access to basic amenities like healthcare facilities and educational institutions.


The following are a few social services available in this society:

Social amenities around Space Greens in Panvel, Navi Mumbai
Schools Hospitals Recreational spots
Vedant School (6 km) Primary Health Center, Nere (7 km) Gadeshwar Lake (7 km)
The Mothers Touch School (6 km) Shree Hospital (10 km) Vadale Lake (12 km)
St. Thomas English Medium School (9 km) Arunodaya Hospital (11 km) Adai Waterfall (12 km)
Rayat Shikshan Sanstha’s New English School (2 km) New Care Plus Hospital (11 km) Chanderi Fort (4 km)
Zilla Parishad School Dhamni (5 km) Matoshree Hospital (12 km) Smart Ecopark


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In Panvel, Navi Mumbai, why would one invest?

Panvel, a quickly developing residential area in Navi Mumbai, is located in the Raigad district of Maharashtra and offers a respectable selection of both completed and unfinished home complexes. The region’s primary growth factors are the availability of reasonably priced real estate options and the quickly developing infrastructure.


The location has received a rating of 4.3 stars on the Ratings and Reviews website. The preponderance of evaluations on Panvel attest to the neighborhood’s good public transportation alternatives, including buses and trains, as well as the abundance of necessary social amenities.


Additionally, Panvel, which is 20 to 30 minutes from Space Greens, is well-connected to other areas of Navi Mumbai via the Sion-Panvel Highway and National Highway. A dedicated train station is also located in the area, around 20 minutes’ drive from the project site. Panvel is around 25 minutes away from the soon-to-be Navi Mumbai International Airport. Furthermore, the Bengaluru-Mumbai Highway makes it possible to travel from Panvel to the employment centers of Turbhe MIDC and Belapur CBD in around one hour.


Residential apartments with one and two bedrooms predominate in Panvel. The pricing trends show that during the past year, the region’s real estate prices have increased by about 8%. In Panvel, the average cost of a home is presently Rs 12,200 per square foot.



This table shows the price growth in the Panvel real estate market over the previous five years:


Property price appreciation in Panvel, Navi Mumbai
Current price Last 1 year Last 3 years Last 5 years
Rs 12,200 per sq. ft 8% 14% 19%


Because of the infrastructural improvements being undertaken at its bay, Panvel’s tendency of increasing property values is probably going to continue in the near future. The citizens of Panvel will have seamless intercity and intracity connectivity thanks to the forthcoming CST-Panvel fast corridor and the currently under construction Panvel-Karjat suburban railway track. Increased demand from investors and end users is expected as more residential developments are expected to come to the area as a result of connectivity upgrades. Furthermore, the location is only roughly three kilometers away from the soon-to-be Virar-Alibaug’s Multi modal. After it is finished, the corridor should encourage Panvel real estate prices to rise.


As to the findings of a survey by Cushman and Wakefield, the Panvel area in Navi Mumbai is poised to undergo a transformation from an affordable to a prime mid-segment housing hotspot following the completion of Atal Setu. This suggests that prices will increase in the near future. As a result, those searching for a quality place to live in Panvel might think about investing in or using Space Greens for end-use.



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