Is it Worth Buying a 2 BHK Flat in Panvel?

So, you have decided to purchase a flat in Mumbai and are veering towards selecting the promising hub of Panvel as the location. That sounds like a great plan.

Panvel is a fast-growing city in the Raigad district of Maharashtra. It is located on the outskirts of Mumbai and Navi Mumbai and is well-connected by road and rail. Panvel is also known as the gateway to the Konkan region, as it is close to many scenic destinations such as Lonavala, Khandala, Matheran, and Alibaug. That means any Panvel property, whether 1 BHK, 2 BHK, 3 BHK, etc., that you invest into is certain to reap you the rewards. Out of all these, a 2 BHK sounds very reasonable and balanced for individuals and families. Not only is it more affordable than bigger flats, but it also has enough space for multiple occupants. 

But a home purchase is a big deal thanks to the financial commitment involved, and every home buyer wants to be doubly sure whether they are taking the right step. Location is often the most important factor for a home, as it will influence every aspect of your life, right from commute to lifestyle to budget. 

So, the question is, is it worth buying a 2 BHK flat in Panvel? Apart from its strategic location and natural beauty, Panvel also offers many benefits for home buyers who are looking for a 2 BHK flat. 

Here are seven reasons why buying a 2 BHK flat in Panvel is worth it:

1. Affordable prices

Compared to other areas in Mumbai and Navi Mumbai, Panvel offers affordable prices for not just 2 BHK flats but all flats. You can find spacious and well-designed flats in Panvel at an approx average price of INR 7,440 per sq. ft.  This makes Panvel an ideal choice for middle-income families who want to own their dream home without burning a hole in their pocket.

2. Quality infrastructure

Panvel has a well-developed infrastructure that includes wide roads, flyovers, bridges, water supply, drainage, electricity, and telecom. Many neighbourhoods in the area, such as Old Panvel, Palaspa, New Panvel, Forest Colony, Palaspe Phata, Takka Colony, Marathon Nexzone, etc., are home to many reputed schools, colleges, hospitals, banks, malls, multiplexes, and supermarkets. You can enjoy a comfortable and convenient lifestyle in Panvel with all the amenities at your doorstep.

3. Future growth potential

Panvel is poised for rapid growth in the near future, thanks to several mega projects that are coming up in and around the city. Some of these projects are:

- Navi Mumbai International Airport: The much-awaited airport project is expected to be operational by 2023 and will boost the connectivity and economy of Panvel and nearby areas.

- Mumbai Trans Harbour Link: The 22-km long sea link will connect Sewri in Mumbai with Nhava Sheva in Navi Mumbai and will reduce the travel time between the two cities by half.

- Navi Mumbai Metro: The metro project will connect various nodes of Navi Mumbai with Panvel and will enhance the public transport system in the region.

- Coastal Road: The coastal road project will link Marine Drive in South Mumbai with Kandivali in the western suburbs and will pass through Panvel along the way.

These projects will increase the demand and value of properties in Panvel and will make it a lucrative investment destination.

4. Green and serene environment

Panvel is surrounded by hills, forests, waterfalls, and lakes that offer a refreshing and pollution-free environment. You can enjoy the scenic views of nature from your balcony or terrace and breathe fresh air every day. You can also indulge in various outdoor activities such as trekking, camping, boating, fishing, and birdwatching in Panvel.

5. Spacious and modern flats

The 2 BHK flats in Panvel are designed to offer you maximum space and comfort. You can find flats with large living rooms, bedrooms, kitchens, bathrooms, balconies, and terraces that give you ample natural light and ventilation. You can also find flats with modern amenities such as modular kitchens, vitrified tiles, wooden flooring, false ceiling, video door phones, CCTV cameras, intercoms, etc.

6. Gated communities with premium facilities

Many developers in Panvel offer 2 BHK flats in gated communities that provide you with a secure and luxurious living experience. You can find flats with facilities such as swimming pools, gyms, clubhouses, gardens, playgrounds, jogging tracks, etc. You can also enjoy the benefits of 24/7 security, power backup, water supply, parking space, etc.

7. High rental income

If you are not planning to live in your 2 BHK flat in Panvel but want to earn some passive income from it, you can easily rent it out to tenants who are looking for accommodation in the city. You can expect a high rental income from your flat as Panvel attracts many working professionals, students, tourists, and travellers who need a place to stay. The average rental income in Panvel at present is around INR 18,613 per month.

These are some of the reasons why buying a 2 BHK flat in Panvel is worth it. It offers the best mix of affordability, RoI, space, lifestyle, and amenities for everyone – be it bachelors, flatmates, or small families. As always, it is always important to keep a watchful eye on the city's real estate market trends, especially a hotspot like Panvel, which continues to boom in terms of residential real estate. You never know when you get the perfect deal that fulfils your dream of owning the perfect 2 BHK!