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Planning to Buy Property in Panvel? 5 Things to Know

Author
Blox Social
Posted on
Jul 20, 2023
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Panvel's journey from a renowned rice market to a favoured and thriving real-estate hub near Mumbai is impressive. It has emerged as the primary choice for those seeking affordable properties close to the city. The area's rapid growth over the past five years has attracted both property investors and homebuyers, making it an enticing locale in Navi Mumbai. With diverse property options, Panvel offers respite from Mumbai's congestion and a rejuvenating outlook on life.

Before investing in property in Panrvel, consider these essential insights for a well-informed decision.

Great Social Infrastructure

One of the key parameters impacting the decision of people to invest in real estate in a locality is the level of infrastructure development. In this context, Panvel checks on all the right boxes thanks to its well-developed social infrastructure. The area houses several renowned educational institutions, including Mahatma Phule Arts, Science and Commerce College, Karnala Sports Academy, Pillai College of Education and Research, and MGM College of Engineering and Technology. The locality also has numerous healthcare centres offering excellent medical care and the latest facilities. In addition, the several malls, restaurants, and entertainment centres make it easier for the people living here to enjoy a happy and content lifestyle. 

Smooth Connectivity With Mumbai And Thane

Panvel is extremely well connected to both Mumbai and Thane, both by road and by train. The Mumbai-Pune and Mumbai-Goa Expressways make commuting to Mumbai and Thane by road extremely easy and hassle-free. Moreover, the 116 suburban trains passing through the Panvel Railway station offer efficient connectivity to different parts of Mumbai and Thane. Panvel will also be directly connected to the Navi Mumbai International Airport, which will further boost the real estate boom in the region. Additionally, the upcoming Mumbai Trans Harbor link is expected to reduce the travel time between Panvel and Mumbai by a significant margin. 

Varied And Affordable Property Options  

For people planning to invest in property in Panvel, the area offers a wide choice of options to match the budget and lifestyle needs of investors. Although the demand for 2 and 3-BHK apartments is the highest in the area, investors can also find 1 and 4-BHK flats, premium residences, and independent villas for sale in the area. Most importantly, the property prices in Panvel are relatively affordable, with around 66% of the properties having a maximum price of 50 lakhs and 34% priced between 50 lakhs and 1 Cr. Most importantly, the properties in Panvel are somewhat more spacious than similar options in Mumbai, which ensures better value for money for the investors. 

Natural Beauty And a Healthy Environment

Panvel is known for its lush green surroundings and vast open spaces that provide ample breathable space to the residents. No matter where people choose to invest in real estate in the area, they can be assured of enjoying the beauty of nature and living in a picturesque setting that makes them feel relaxed and refreshed. The abundant green cover also helps in keeping the pollution levels under control, which ensures a healthy living option for the residents. The quaint and peaceful surroundings and the refreshing atmosphere help in reducing the stress levels of the residents, besides enabling them to enjoy a fulfilling life. 

Promise Of Good Returns On Investment

The real estate market in Panvel is growing at a rapid pace, and it has been a key reason for attracting investors to the area. This growth is expected to continue in the future thanks to the various important infrastructure projects being developed in and around the area. Thus investing in property in Panvel now is the best option for people seeking good returns on their investment. The demand for rental accommodation in the area is also quite high and rising, which can prove to be quite beneficial for people looking to invest in property that offers immediate returns. Thus, Panvel promises to be the best location for real estate investment for both personal use and to generate a second income.   

Conclusion

Panvel offers all the facilities and amenities for enjoying a comfortable lifestyle in a beautiful setting. The locality is suitable for people with diverse budget ranges and looking to improve their quality of life.    

Real Estate