Panvel, a planned green area in Navi Mumbai, is a prime destination for real estate investment and offers a comfortable lifestyle. Panvel, also known as the “Gateway to Konkan,” has seen rapid development over the years without altering its green ecosystem of mountains and open spaces, lakes, and historic sites. Let’s explore the factors driving the growth of this place that attracts Homebuyers and whether it’s a smart decision to invest here.
Reaching Panvel is convenient from Mumbai, Pune, and Thane by automobile, rail, and metro. Panvel is a junction, and so railroads are the central transportation source of this locality. Multiple trains travel to and from Mumbai through Panvel. It is also linked to Mumbai and Goa’s Mumbai-Pune expressways. The proposed maritime travel from Radio Club Ferry Wharf to NMAI/Belapur will reduce travel time between Navi Mumbai and South Mumbai to 30 minutes.
2. Infrastructural Development:
The local body is inventing initiatives for the welfare of its people, & hospitals, schools, and colleges have expanded in the region, The Navi Mumbai International Airport will expand job opportunities while also supporting further development. Construction is currently underway for the Sewri Nhava Sheva Trans Harbour Link, popularly called the Mumbai Trans Harbour Link. When finished, it will be the longest sea bridge in India, shortening travel time by half to 45 minutes. The elevated railway corridor, which will be constructed between Panvel and CST are expected to cut average travel time by 50 minutes. Moreover, improved train frequency from Panvel to CST, widening, and the upcoming Navi Mumbai International Airport station is expected to draw more residents from bustling Mumbai.
3. Rental Market Opportunity:
A number of Panvel’s convenient locations make it a popular destination for outdoor enthusiasts. The tourism spots in the area include Karnala, Alibag Gadeshwar Dam, and Ballaleshwar Pali. Other areas are the Karnala Bird Sanctuary, Haji Malang, Prabalgad, Kalavantin Durg, Raigad Fort, and Elephanta Caves. The area’s close proximity to these resources promotes the development of Panvel’s real estate rental market.
Many housing developments in Panvel are providing 1,2,3 – BHK flats to 4,5 – BHK luxury houses plus even studio apartments. All of these reasons are making Panvel the next spot for Real Estate Investment. You can partner with Vijay Properties today.