5 Reasons Why Panvel is the Next Residential Hotspot Buying Guide

Mumbai is a city of dreams, they say. Most people who visit Mumbai often dream of owning a house in this beautiful city. However, dreams are followed by reality. Mumbai has many residential options but not all of them can be budget friendly to everyone. So why not venture a little further afield and explore more options? A place where you can get your dream home at affordable rates as well as the hustle bustle of a city.

Panvel makes it feasible to live close to the city while still being in the midst of nature. Panvel is a city and taluka in the Raigad district of Maharashtra. It is densely populated due to its proximity to Mumbai. Panvel, also known as the "Gateway to Konkan," has seen fast expansion over the years while maintaining its healthy ecosystem of mountains, huge and green open spaces, lakes, and several ancient sites. It is well situated halfway between Mumbai and Pune. The real-estate industry has recently seen substantial growth as various developers have entered the market with big projects and enticing offers.

What attracts home buyers to Panvel?

Seamless connectivity

Panvel is readily accessible from Mumbai, Pune, and Thane by car, train, and metro. Because Panvel is a junction, train connectivity is the area's backbone. Various trains connect Mumbai to other parts of the country via Panvel. By local train, the journey from CSTM to Panvel takes about 1.2 hours. The 8-lane Sion Panvel Expressway connects Panvel and Navi Mumbai. It is also linked to the Mumbai-Goa and Mumbai-Pune expressways. The proposed maritime transport from Radio Club Ferry Wharf to NMIA/Belapur will reduce the travel time between Navi Mumbai and South Mumbai to 30 minutes. The suburb also has a good internal transportation network of auto-rickshaws and cabs.

Infrastructural development

The infrastructural landscape has significantly changed since the establishment of Panvel City Municipal Corporation in 2016. The civic body is actively introducing new initiatives for the welfare of its citizens, and most importantly, a number of hospitals, schools, and colleges have opened up in the region. Additionally, the Navi Mumbai International Airport (NMIA) will increase job opportunities while also promoting future growth and development. The Sewri Nhava Sheva Trans Harbour Link, popularly known as the Mumbai Trans Harbour Link, will link Mumbai and Navi Mumbai and is currently under construction. When finished, it will be the longest sea bridge in India, cutting travel time in half to about 45 minutes. The route will be linked to the Mumbai Pune Expressway in the East and the proposed Western Freeway in the West.

Affordability

Due to its affordability, Panvel has swiftly become a preferred choice for primary homebuyers. Panvel's average property price is roughly Rs 6000 per sqft, making it more cheap than most locations in the MMR region. The region has a decent mix of affordable homes, luxurious apartments, and even vacant plots for sale.

Industrial hotspot

Panvel is a thriving industrial area. Unilever, Larsen & Toubro, Reliance, ONGC, Hindustan Organic Chemicals, and the Jawaharlal Nehru Port Trust (JNPT), among other well-known domestic and international companies, are present in this area and contribute significantly to employment. It is also surrounded by various Maharashtra Industrial Development Corporations (MIDC) operations nearby Taloja, Khopoli, Bhiwandi, and Patalganga.

Amidst the greenery

If you love staying in and around nature then Panvel is your go to location! Panvel is surrounded by the mountains of Matheran to the east and south east and outer regions of Panvel i.e. villages of Dundhare, Maldunge are separated from the suburbs of Badlapur and Ambernath by hilly ranges of the Western Ghats. Panvel is also rich in lush greenery. The suburb is a hiker's heaven. With various nature trails and trekking alternatives nearby, it also provides opportunities for wonderful quality time with friends and family.

These are the prime reasons why you should buy a property in Panvel. The city is on a growth trajectory. Its cosmopolitan culture is an added bonus. There are numerous residential projects in Panvel that can provide you with the above advantages. Thepropertist.com portal gives you some amazing options to buy and rent properties in Panvel, then why not shift to Panvel sooner?

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