Panvel, a major region in the Raigarh district of Maharashtra in the Konkan division, is a commercial, residential, and education node. Panvel is situated 40 km away from Greater Mumbai and very close to the upcoming Navi Mumbai International Airport. Matheran hills are bounded to the Panvel towards the east and southeast. The recent development has been in Panvel developed in New Panvel that has been executed, administered, and maintained by CIDCO.
New Panvel was brought in October 2016 under the administration of Panvel municipal corporation. The development structure of New Panvel had been brought in 1970 on the requirement of housing by the employees working in this industrial region. Some MIDC Areas names are Taloja, Pen, Rasayani & Patalganga. The new Panvel region is very imminent to the NAINA region, including a commercial hub, educational centers, colleges, and industries. It has become an investment hub. Therefore several developers, as well as residents, are showing interest in investment in Property in Panvel.
Panvel is a pioneer in every sector like education, industry, tourism, transport, tourism, etc. Due to the much-developed region in Panvel, it has been ideal for commercial and residential investment, especially since coming to CIDCO. A reliance on SEZ is coming too in proximity that enhances the basic features available here. New Panvel East and New Panvel West are two parts of New Panvel. Panvel Railway station is in the city and is accessible from every prominent locality using the public transport of AC & Non AC bus service; all buses stop at each stop.
Reasons for Development in Panvel
Panvel is strategically situated parallel to NMIA. It has emerged as a development center of social features such as primary schools, hospitals, industries, and many more things; that’s why many people came from a rural region. Now, it has excellent connectivity to the rest important areas. Big corporation group has invested here. Some popular companies like L&T, Reliance, Hindustan Organic Chemical Limited, ONGC, and IPCL have based here that given mass employment. After coming employment base in all companies that requirement of housing has taken place here that need came from employees working in this sector.
Having developed an area, Panvel was demanding residential Projects in Panvel. And after a long time of initiative, many property investments came by the popular real estate organizations and the Maharashtra Government. Nhava Sheva Sea Link is an important connection for sea paths, while major highways and metro links are becoming. A golf course was planned in Panvel and the state of an art clubhouse at the standard level. These all factors have enhanced investment in residential and commercial properties in Panvel. Therefore, many housing properties came. Many of them are going on like Hiranandani Fortune City, Godrej City Panvel and Wadhwa Wise City, etc. All areIn Panvel houses 1 BHK, 2 BHK, and 3 BHK flat that consists one, two and three-bedroom respectively. The project’s towers’ name is- Flora, Artemis, Ernst Handel, Hera, Orion, Selene, Venus, Vesta, and Zeus. All homes have been registered under Rera norms and are having maharana numbers. The property has been located among the best residential locality that bounded to all social and basic needs. Each apartment of the Hiranandani group has followed the zero wastage size principle. Therefore each home got the best configuration accordingly to the modern world’s lifestyle.
Godrej City Panvel- Seeing the increase in land price in Panvel, Godrej Properties made an investment, which is Godrej City Panvel; it includes world-class features in terms of living in prolific style. The project spans on 7.5 acres land parcel to offer 2 bhk, 2 bhk SPACIOUS, and 3 bhk flats as per RERA norms. It consists of a various configuration of home within several dimension- 2 BHK homes have flats of dimension 746 sq ft, 2 BHK SPACIOUS home has flats size 816 square feet, and 3 BHK towers have flats of size 1053is the first-ever residential project in Panvel registered under Integrated Township Project(ITP) by the development authority CIDCO/NAINA controlled by Maharashtra’s government. It is spanning across 138 acres out of the total, holding 438 acres of land for the project. Architecture consultant Firm Hafeez Contractor made a site map and construction view for the property by using site engineers, project managers, and architects. AECOM created a design for towers & homes. GFH and CAPACITIVE are also giving experience for developments.EX-STUDIO are in the dimension of 290 to 300 sq ft, 1 BHK flats are in the size of 390 to 400 sq ft, 2 BHK flats are in the size of 490 to 500 sq ft, and 2 BHK SUPREME flats are in the size of 630 square feet.
Future Growth Center
Besides infrastructure growth, Panvel has excellent connectivity, brilliant locality, an abundance of open space, proximity to lush greenery, and a popular healthcare sector landscaping that really true lifestyle beyond the aspiration. Several upcoming infrastructures like Navi Mumbai International Airport, Virar-Alibaug Multimodal Corridor, Mumbai Trans Harbour Link and JNPT must enhance connectivity to rest prominent locations. So, Panvel is the fastest growing city in Navi Mumbai. It is the best time to invest in residential and commercial property in Panvel. Even Industrial Hubs such as Taloja Ind Area and NMSEZ Dronagiri & Ulwe increase their strength of producing jobs for the new professionals.