by Anushree Ghosh
Panvel – Booming Real estate destination
Mumbai’s real estate structure is going through a makeover due to numerous factors—the introduction of The Real Estate (Regulation and Development) Act and Goods and Services Tax. In the midst of this real estate metamorphosis, especially due to the govt. regulations & increasing disposable income of the buyers, Panvel, a node of Navi Mumbai is maturing into a hot destination, due to its proximity to the commercial centres like Taloja and Airoli. It is one of the most advanced and organised locality in Mumbai, with an added advantage of a few promising realty projects that are either in the developing stage or ready to be sold. The residential centres by developers have been attracting huge investments.
According to the Ease of Living index, released by the Ministry of Housing and Urban Affairs in 2018, Navi Mumbai and Greater Mumbai are the most liveable places in the country, further proving the fact that Panvel is in the vicinity of some of the best habitable localities in India.
Here are a few reasons that make Panvel the perfect investment option around Mumbai
Commutation becomes easier when you reside in Panvel, due to its seamless connectivity to Mumbai, Goa & Pune, one can travel faster for outstation meetings and weekend getaways. The Pune, expressway, Sion-Panvel & Thane-Pune Highways are speedy ways to reach the destination with no time lost in traffic congestions.
Prime Selling Points
- It is best to look for homes with great infrastructural support.
- Proximity to renowned schools, hospital, colleges, retail stores, eateries.
- It is located near to the proposed Navi Mumbai International Airport
- The proposed MTHL (Mumbai Trans-Harbour Link) will definitely trigger the growth of the region.
It is easier to vent out for adventures like bird-watching with your family if you are residing in Panvel, as it is surrounded by natural beauty. Karnala Bird Sanctuary, Beth El Synagogue, and Gadeshwar Dam are easily accessible from the place. It has lush green areas and spacious for people who are scared of the congested spaces.
Panvel is expected to be an international gateway, with a large number of high-end hotels and, restaurants being developed in the locality.
The swift expansion of the SEZ projects would create umpteen employment opportunities, resulting in a domino effect. Upgradation of the Jawaharlal Nehru Port Trust (JNPT) is also making it a future investment destination.
One can find options as per requirement – affordable units, studio apartments, bungalows, villas, customised homes, 2-4 BHK; all with the desired lifestyle facilities.
Other than the residential units, Panvel also provides with commercial options – small to large offices.