Property in Panvel at affordable options

Panvel is the final junction that falls on the harbour line of Mumbai. It is an extension of Navi Mumbai and has witnessed a boom in the real estate space in the past six years. It is a famous town and is distinctly divided into three parts namely old Panvel Town, New Panvel (East) and New Panvel (West).

Due to improvement and growth of road and rail connectivity and the clearance of the proposed international airport, developers in Navi Mumbai are cashing in on the opportunity that this area presents. In terms of infrastructure, professionals believe that the following aspects will take Panvel to new heights: 

• o   Proposed Navi Mumbai International Airport
• o   Proposed SEZ Logistics Park
• o   Connectivity to NH17 - Goa Highway
• o   Proposed Sewri-Panvel Trans Harbour highway
• o   Frequent train connectivity to CST (Mumbai) and Thane
• o   Proposed Panvel-C.S.T elevated train corridor
• o   Sion-Panvel Highway & Mumbai-Pune Expressway – the nodal transit points

Panvel boasts of brilliant road connectivity with Sion-Panvel Highway, Mumbai-Pune Expressway and Goa Highway. Apart from this, there are frequent BEST and NMMT buses plying from Panvel to other Navi Mumbai regions. Several developers have purchased land banks and are launching new residential ventures in Panvel.  

With the kind of development that Panvel is poised for, it definitely will offer good returns. For people who are looking to invest in a property in Navi Panvel, It will serve to be a great option as it’s a self sufficient city.