Best Areas to Buy a Home in Panvel

Panvel has truly come to the fore in recent years as a hotspot for residential real estate investment. As a fast-growing city in Maharashtra, located near Mumbai and Navi Mumbai, Panvel offers an enriching contemporary lifestyle for aspirational individuals and their families looking to own a dream home at affordable prices. With several projects underway or planned in the near future, Panvel will continue to be highly sought-after.

But the question is: which locality in and around Panvel should you buy a home in? 

If you are looking for a home in Panvel, you might be wondering which neighbourhoods are the best to invest in. From New Panvel to Kamothe, there are many localities in the area where you can search for and purchase your dream home confidently. Rest assured, the Panvel flat price in all these promising localities is very pocket-friendly, thus making home purchases a very economical affair. 

Let us take a look at the checklist of how to choose the right area and a definitive list of the best areas to buy a home in Panvel.

6 Factors to Consider When Choosing an Area for Home

Here are some factors to consider when choosing a neighbourhood:

- Location: How close is it to your workplace, schools, hospitals, markets, and other places of interest?

- Connectivity: How well is it connected to other parts of the city and the state by road, rail, and air?

- Infrastructure: How developed is the infrastructure of the neighbourhood, such as water supply, electricity, drainage, roads, etc.?

- Amenities: What are the amenities available in the neighbourhood, such as parks, malls, cinemas, restaurants, clubs, etc.?

- Safety: How safe is the neighbourhood from crime, natural disasters, pollution, etc.?

- Price: How affordable is the property price in the neighbourhood compared to other areas?

Safe to say, any neighbourhood in Panvel that ticks all these boxes should be your chosen one for a home. 

5 Localities in Panvel to Buy a Home

Based on the above-mentioned factors, here are some of the best neighbourhoods to buy a home in Panvel:

1. New Panvel: This is one of the most developed and popular areas in Panvel, with a range of residential and commercial options. It is divided into two parts: New Panvel East and New Panvel West. New Panvel East is closer to Mumbai and Navi Mumbai, while New Panvel West is closer to Pune and Goa. Both parts have good connectivity by road and rail, as well as many amenities such as schools, colleges, hospitals, malls, etc. The average property price in New Panvel is INR 7,826 per sq. ft. Popular projects include: JSM Krishna Kamal, Panchsheel Ananta Residency, and Millennium Flora. 
2. Khanda Colony: This is another well-developed area in Panvel, located near New Panvel West. It has a mix of high-rise and low-rise buildings, as well as villas and bungalows. It has good connectivity by road and rail, thanks to the proximity to the Sion-Panvel highway and Khandeshwar Station. It also has many amenities such as schools, colleges, hospitals, markets, etc. The property prices in Khanda Colony are moderate to high, depending on the location and type of property. The average property price is INR 9,172 per sq. ft. Popular projects include: Neelkanth Auris, Varsha Balaji Vista, and Tricity Luxuria.
3. Kamothe: This is a relatively newer area in Panvel, located between Kharghar and Kalamboli. It has a mix of residential and commercial properties, with many projects under construction or planned. It has good connectivity by road and rail, as well as many amenities such as schools, colleges, hospitals, etc. The average property price in Kamothe is INR 8,024 per sq. ft. Popular projects include: LK Vivanta, Arihant Aspire Phase 2, and Skytech Neelkanth Darshan.
4. Palaspa: This is a newly developed area in Panvel, with many residential and commercial projects coming up. It is close to the Mumbai-Pune Expressway and the proposed Navi Mumbai International Airport. It has good social infrastructure, such as schools, hospitals, malls, and multiplexes. It also has a green and scenic landscape, with hills and waterfalls nearby. Palaspa is suitable for those who want to live in a modern and well-planned neighbourhood. The average price of a property in Palaspa is INR 6,001 per sq. ft. Popular projects include: The Highlands - Godrej City, Sai Proviso County, Bombay Chalet, and Vision Rachna.
5. Forest Colony: This is a premium residential area in Panvel, with many luxury villas and apartments. It is located near the Karnala Bird Sanctuary and the Karnala Fort, offering a serene and natural setting. It has excellent connectivity by road and rail to Mumbai and other cities. It also has high-end amenities such as clubhouses, swimming pools, gyms, and parks. Forest Colony is perfect for those who want to experience a lavish and tranquil lifestyle. The average property price is around INR 6,400 per sq. ft. Popular projects include: Hiranandani Golden Willows, Sai Gaurisuta, and Shreeji Callisto.

Conclusion

So, which one of these areas has caught your eye? It is important to do your due diligence in terms of locality research before settling for a new, promising home in the booming real estate hotspot of Panvel. Ultimately, whatever area you choose, you can rest assured of living the aspirational lifestyle your heart desires.