Panvel is brimming with the opportunities related to high rise residential activities, it has been the location of investment for over the years. Due to the closeness of Mumbai city, it has much population density but not more than Mumbai or Thane. Panvel is located in Raigarh district of Maharashtra state in Konkan division. It also comes under the metropolitan region of Mumbai. Raigarh district has much population and approximately 564 village come under it. Panvel taluka incorporates about 177 villages. Panvel Municipal Corporation and CIDCO are two main development authority in Panvel, both played important role in the development of Panvel.

In the present time, Panvel is running on its way related to development in construction, industries and power sectors. While information technology & manufacturing sector- both are growing rapidly. In the presence of business sector and other social amenities, Panvel is also growing in the population- the number of people is coming here per year to completing purpose of getting jobs& occupation in ongoing companies & factories. The people strength definitely impact on the residential sector, that’s demand for homes has increased, even the rent value of houses is also on the top of its price. Seeing this real estate firms and developers have decided to come here with their investment. There are so many construction companies are running in the wake of this.

Hiranandani Group, TheWadhwa Wise City, Adani Group, and Godrej group, are some big name of the real estate sector. They tried to complete the requirement of people of getting homes in Panvel, its impact seen at best level. Till now, approximately 2500 residential projects have been hosted by the Panvel and even more is ongoing in form of pre-launch construction. Booking has been started, you can register dream home in all ongoing properties in Panvel.

Impact of CIDCO/NAINA in Construction Sector :   

New Panvel is being maintained by the CIDCO. Though residents of Panvel decided to elect the representative in PMC. New Panvel was brought under the PMC, in October 2016. New Panvel East and New Panvel West are two parts of New Panvel. It is adjacent to proposed Navi Mumbai International Airport. It meets several schools, colleges, shopping region, entertainment hubs and many social amenities. Panvel is located on the Mumbai-Bangalore national highway-4 and Mumbai-Pune Expressway.

It impacted much on the development of Panvel, the construction sector is growing with the time. Many advanced features have passed under the authority such as Navi Mumbai International Airport, Trans Harbor Link, Multimodal Corridor, Railway stations, Upcoming metro lines, JNPT and SEZ including Taloja&Ulwe etc. Panvel is best for investment in the studio, 1 BHK, 2 BHK and 3 BHK apartments. You need to pay approx 48 lakh for one bedroom set, while 60 lakh for two bedroom set. Panvel has become the most preferable location regarding investment especially after coming development authority like CIDCO.

Recently, a new residential construction has been revealed by the NAINA/CIDCO with the name as Wadhwa Wise City Panvel, in fact, property got Mega Township registration by the authority. It first ever construction under this category launched by the Wadhwa group. People are interested to get home inside it. This can be observed from such thing that it got sixty percent booking of the launched date. Rest of them is waiting for you. As far as the question is about its constructional overview, it is superbly planned under the best architects, designers, and development companies. Capacitive, AECOM is development partner, while Hafeez contractor planned to Wadhwa Wise City structure.

The property is spread over 138 acres land, while the total project will on 430 acres land. It’s offering EXE-STUDIO (290-300 sqft), 1 BHK (390-400 sqft), 2 BHK (390-500 sqft) and 2 BHK SUPREME (630 sqft). Offering modern amenities such are the clubhouse, party hall, children playground and many social amenities, Wadhwa Township Project is making the brand to its location in Panvel. This is the brilliant creation of major realty group Wadhwa group.

Others Ongoing Housing Construction in Panvel :

Hiranandani group, another brand name in real estate, is working on a new housing project that name is Hiranandani Fortune city Panvel. The property is spanning over 350 acres of landscaping to offer 1 BHK, 2 BHK, and 3 BHK apartments of various size. Several towers are available in Hiranandani Fortune City Panvel with the name as Flora, Artemis, Erst Handle, Orion, Hera, Selene, Venus, Vesta, and Zeus etc. Each tower got MahaRera Number according to new update came under the Property rule. It offers Studio, 1, 2 and 3 BHK house within the size range of 450 to 2200 square feet.  Hiranandani Fortune City Panvel has been designed by the best interior designer and architecture team. The property is full of every amenity, so that, you could get enjoyment &comfortness at each moment.

Godrej City Panvel is a new housing project that is coming among the commercial & social amenities. This is a venture of Godrej Properties, a part of Indian business house Godrej group. The Godrej City in Panvel property includes extraordinary homes inside the 2 BHK, 2 BHK Spacious and 3 BHK apartments. The various size gives an opportunity for investment in Panvel. Each buyer can register home within the size of 724 to 1053 square feet. Premium master plan of Godrej City Panvel includes daily convenience stores, multipurpose sports court, party lawn, kids pool, central green region and much more features.

Adani group is also working in Panvel with the new housing project, Adani Panvel. The property region includes several acres of landscaping to offer high-class amenities. At the Adani Panvel location, you would book homes in the size of one bedroom, two bedroom and three bedroom. The location around Adani property is in the vicinity of upcoming metro lines, railway station, bus stop and transportation. The premium location around project includes commercial area, shopping area, entertainment area, sports complex and others necessities are available in the close proximity.

Connectivity :

Panvel has excellent connectivity to Mumbai & Thane and others landmarks. While Panvel connects rest location via expressway & highways. Upcoming International Airport in Navi Mumbai will enhance the connectivity, while Virar-Alibaug Multimodal Corridor will boost the stage of connectivity to other important destination. It has the total length of 126 km, out of which 79 km long Virar to Chirner(JNPT). It incorporates several facilities such as buses, BRT, Metro Rail, Cars and Non-Motorised Track etc. NH-8, Bhiwandi Bypass, NH-3, NH-4, NH-4B, Mumbai-Pune Expressway and NH-17 are being connected to the corridor. Two railway terminus has been passed by the authority. Panvel make itself a well-connected city in Maharashtra that is accessible from everywhere in the city, seeing this real estate companies are looking for investment in Panvel instead of Mumbai.

Property in Panvel- Best Return :

Panvel is the home of the education center and industries. Several corporates are serving to the people of Panvel by offering job opportunities. Some brand companies are  Larsen& Toubro Limited, Reliance, Hindustan Organic Chemicals Ltd., ONGC, IPCL and much more. While JNPT is very close to Panvel. It has been home of educational institutes, a large number of students and IT trainer are getting knowledge through located institutes. Thus, Panvel is best for investment in property. It will give a heavy return. The pricing value is increasing with the day or month or year. It is a great time to invest in Property in Panvel.

Hiranandani Fortune City, Adani Panvel, Wadhwa Wise City and Godrej City Panvel, are some properties ongoing in Panvel with including best offers regarding location, specification, and pricing range.

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