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.
If you are looking to invest in the Mumbai MMR region, chances are that you may have already shortlisted Panvel as one of your preferred destinations. With an attractive price, abundant new projects and a good social and civic infrastructure in place, Panvel clicks all the checkboxes for a good long term investment. Here are some tips as a new resident in Panvel to understand your locale better.
No Land acquisition Problems: Unlike other areas in the Mumbai MMR belt which have a dedicated green belt and issues with the environmental clearances, most projects in Panvel are free from any such restrictions. This means you can invest in any project of your liking without having to worry about the prospects of it getting stuck for the lack of environmental clearances.
Clear Land development: Land development in Panvel is happening at a fast pace with many projects in the streamline. If you are looking to invest in Panvel you have the option of investing in new projects of reputed builders and not just old resale as prevalent in many areas in the Mumbai MMR region.
Great Highway connectivity: Panvel has good connectivity to all parts of Maharashtra with the Sion Mumbai Highway and Mumbai Pune expressway passing through the city. Investing in projects closer to the highway areas can also mean an added incentive for the frequent travelers.
No Social and Infrastructural Problems: Many areas in Mumbai and Thane have residents constantly worrying about civic and social infrastructural problems. Panvel is free from any such apparent problems with no water shortage or delays in garbage lifting etc making it a good investment destination.
Good Rental Options: Panvel offers good rental options which you can cash in on as an investor. Working professionals are eager to rent out residential projects in and around Panvel making then investment sweet for long term investors.
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