A few decades back Panvel was nothing more than a collection of few villages and muddy roads. With the efforts of the local body to convert the surrounding areas of Greater Mumbai habitable for the cosmopolitan crowd, developments reached Panvel too.
Panvel is now the most developed zones among all the nodes of Navi Mumbai. Situated near the Pune Express Highway, the area is seeing rapid development in real estate. The locality is a convenient place for people to commute from Pune and Alibaug. It has Panvel creek situated which adds on to the beauty to this place. As many industrial developments has increased in Panvel in recent years, residential & commercial complexes have increased drastically to satisfy the demand.
Why Panvel?
Proximity to Mumbai and Pune is the biggest asset to Panvel making it a favourite location for those working in these cities to set up home. It is fast becoming the gateway node between these two cities and southern Maharashtra. Another advantage is its proximity to the Jawaharlal Nehru Port Trust.
The Sea link between Sewri and Nhava Sheva, a 22 kilometre six lane link, is going to drastically change the face of Panvel. It is expected to bring in many new MNCs to the scene and with it a huge workforce. Thus living and commercial spaces will be high in demand. The coming of the international airport at Navi Mumbai is also going to influence the real estate in the area. The 10 lane approach road to the airport terminus goes very near Panvel and once its operations commences it will pull in a huge crowd.
Panvel is known to be a safe and sound locality especially for families with children. All modern public amenities and transportation systems intersperse the locality. The area also has many reputed schools, educational institutions and hospitals. Panvel and surrounding are now better for the long term investments for properties. Vichumebe, Nehara, Palaspa are some of the best locations for investors.
The most recent development of Panvel is in New Panvel, which is developed and maintained by the City and Industrial Development Corporation (CIDCO). CIDCO takes care of all the necessary maintenance activities in new Panvel and have proposed many affordable housing projects for its citizens. There are two parts to New Panvel - Panvel East and Panvel West and lies adjacent to the proposed Navi Mumbai International Airport. The New Panvel, strategically located on the eastern side of Mumbai Bangalore National Highway and Mumbai Pune expressway it is well connected to other parts of the city.
Is Delhi-NCR real estate moving sluggish
If the recent trends in real estate market in Delhi are to be believed, there is a significant dip in the units sold in the capital and NCR in the last 18 months. The sluggish trend has been whistled by lack of incentives from the administration which is focussing on clearing infrastructure road blocks rather than giving green signal to new projects. With paper works in the backlog, new projects in Delhi are at pause, at least for the rest of the year 2015.
Tips for new residents in Panvel to understand their locale better
Panvel has seen a major transformation from a sleepy suburb to a satellite town and finally to a full-fledged city. The growing population willing to reside in the Mumbai MMR region, the shortage of adequate real estate destinations in Mumbai region has made investors and buyers look at Panvel as their best option. Panvel was famous from its lush green surroundings and farm houses. With changing times and inflow of population there are abundant new projects available in Panvel for investors and buyers alike.
Looking for a green living space in Zirkapur Here are options
Zirakpur located near Chandigarh and part of the tri city comprising of Chandigarh, and Mohali is one of the most popular real estate destinations. While Mohali and Chandigarh investors have had the luxury of investing in properties located closer to nature with lush green belts and parks, Zirakpur residents often faced concrete jungles.
