5 Reasons Why You Should Invest in a Commercial Property in Panvel

As someone who might be looking to purchase a profitable commercial property near Mumbai or Navi Mumbai, you might be considering Panvel as the location. 

Panvel is one of the fastest-growing cities in Maharashtra and offers a robust, high-growth real estate market for investors, thanks to it being a well-planned city situated nearby Mumbai as well as being an affordable, reliable residential hub. But it is also a hub of industrial and commercial development, offering many opportunities for investors and entrepreneurs. 

So, what makes investing in this part of the Raigad district worthwhile? In this blog, we will take a look at five reasons why you should consider investing in a commercial property in Panvel as well as how you can follow through with your investment wisely.

Commercial Property in Panvel: Why Should You Invest?

- High demand and low supply: Panvel has a high demand for commercial spaces, especially from small and medium enterprises, start-ups and co-working spaces. However, the supply of commercial properties is limited, creating a gap in the market that can be filled by investors. This also means that the rental yields and capital appreciation of commercial properties in Panvel are higher than in other areas. The average rental yield in Panvel is around 8%.

- Connectivity and accessibility: Panvel is well-connected to Mumbai and Navi Mumbai by road, rail and air. It is also close to the upcoming Navi Mumbai International Airport, which will boost the economic activity and tourism in the region. Panvel has a good network of public transport, including buses, trains and metro. It also has easy access to social and civic amenities, such as schools, colleges, hospitals, malls and entertainment centres.

- Infrastructure and development: Panvel has a robust infrastructure, with wide roads, flyovers, bridges and drainage systems. It also has a planned development, with several projects under construction or proposed by the government and private developers. Some of these projects include the Mumbai Trans Harbour Link, the Coastal Road Project, the Smart City Project and the NAINA Project. The under-construction Karjat-Panvel railway corridor will also add to the influx of economic growth in the city. These projects will enhance the liveability and attractiveness of Panvel as a commercial destination.

- Affordability and diversity: Panvel offers a range of commercial properties to suit different budgets and preferences. You can find office spaces, retail shops, showrooms, warehouses, industrial units and more in Panvel. The prices of commercial properties in Panvel are lower than those in Mumbai and Navi Mumbai, making them more affordable for investors. You can also find diverse options for commercial properties in Panvel, such as green buildings, integrated complexes, mixed-use developments and more.

- Future potential and growth: Panvel has a bright future as a commercial hotspot, with many factors contributing to its growth potential. The city has a large population of young and educated professionals who are looking for employment and entrepreneurship opportunities. The upcoming airport nearby will itself generate employment for up to 2 lakh people. The city also has a favourable business environment, with supportive policies and incentives from the government. The city also has a strong cultural and historical heritage, which adds to its charm and appeal.

Dos and Don'ts of Buying a Commercial Property in Panvel

If you are convinced about purchasing a commercial property in Panvel, then you need to consider some important factors before making a decision. Here are some dos and don'ts of buying a commercial property in Panvel.

• Do: Research the location and connectivity of the property. Panvel is well-connected to Mumbai and Pune by road and rail and has a proposed international airport nearby. You should look for a property that has good access to transport facilities, markets, and other amenities.
• Don't: Ignore the legal aspects of the property. You should verify the title deed, occupancy certificate, building plan approval, and other documents of the property before buying it. You should also check if the property has any pending dues, disputes, or litigation.
• Do: Assess your budget and financial goals. You should have a clear idea of how much you can afford to invest in a commercial property in Panvel and what kind of returns you expect from it. You should also factor in the maintenance costs, taxes, and loan repayments.
• Don't: Compromise on quality and safety. You should inspect the property thoroughly and ensure that it meets the standards of construction, design, and functionality. You should also check if the property has adequate fire safety measures, security systems, and parking facilities.
• Do: Hire a professional real estate agent. Buying a commercial property in Panvel can be a complex and time-consuming process. You should seek the help of a reliable and experienced real estate agent who can guide you through market trends, legal formalities, and negotiation strategies.
• Don't: Hesitate to ask questions and negotiate. You should not be afraid to ask questions about the property, its history, its features, and its drawbacks. You should also be prepared to negotiate with the seller or developer to get the best deal possible.

Buying a commercial property in Panvel can be a rewarding investment if you follow these dos and don'ts. All in all, if you are looking for a lucrative and long-term investment opportunity, then Panvel is indeed the right choice for you. Panvel offers a lot of opportunities for business growth and development, as well as a high quality of life.