ABOUT THE REGION

Navi Mumbai is the youngest city in the Mumbai Metropolitan Region. Its inception began in 1971 when Mumbai could no longer bear the weight of the growing population and industries in the main city. Navi Mumbai is a hub for industries, IT parks and most importantly affordable housing.

The city consists of localities like Airoli, Ghansoli, Kopar Khairane, Vashi, Turbhe, Sanpada, Juinagar, Nerul, CBD Belapur, Kharghar, Kamothe, New Panvel, Kalamboli, Ulwe, Dronagiri, and Taloja. The city enjoys unobstructed connectivity to Thane, the Eastern Suburbs, South Mumbai and Pune, via the Mumbai-Pune Expressway, the Harbour Rail Line and the Thane Vashi Rail Line.

Real estate development along the Mumbai-Pune Expressway increased over the past few years. Due to the reduction in commute time, demand for commercial and residential properties went up, and housing prices in locations such as Airoli, Taloja and Panvel witnessed an increase. Price point and availability are also important factors for new homebuyers.

Panvel is a rapidly developing megapolis. Residents can expect the area to benefit further from upcoming infrastructural projects like the Navi Mumbai International Airport, CST-Panvel Fast-Track Corridor, Urban Development Plan Naina etc. Moreover, Panvel has better air quality. In fact, according to statistics recognised by the Ministry of Environment, carbon monoxide in the area is below detectable limits; sulphur dioxide and nitrogen oxides are also well below the danger level. Sion-Panvel Expressway connects the location to other areas of Mumbai. Vashi is 29 minutes away, while Thane and South Mumbai are an hour away. Pune is at a distance of 80 minutes. Mohape Railway Station is at a distance of ten minutes, while Panvel Station can be reached within 30 minutes. Thombrewadi is the nearest bus stop.

In this article, we will be going through the up and coming projects in the Panvel, weighing them to see how they benefit aspiring homebuyers, and how they elevate Navi Mumbai's real estate geography.

POPULAR PROJECTS IN PANVEL

#1. Balaji Symphony

Balaji Symphony, by Space India Builders and Developers, is located at Shilottar Raichu, in Panvel and has over 1830 units in 11 buildings that are spread across 5.95 acres. The project offers 2, and 3 BHK configuration homes at an average price of ₹17,540 per carpet sq. ft. The project is trademarked by a bucket of awe-inspiring features such as a steam bath and sauna, a sky gazebo, a mini banquet hall, and an amphitheatre.

#2. ASPIRA 206

A project by GeeCee Ventures, Aspira is a well-planned living space with 1 BHK and 2 BHK apartments at Sector 6, Panvel. These residential apartments in Panvel offer luxurious homes that amazingly escape the noise of the city center. Aspira 206 is conveniently located at Panvel to provide unmatched connectivity from all the important landmarks and places of everyday utility. Gymnasium, Swimming Pool, Indoor Games, Kids Play Area are some of the amenities that the project has to offer to its residents.

#3. Millennium Hilton

Located in Sector 4, Panvel, Millennium Hilton is a project developed by the Millennium Group. The project offers 1 and 2 BHK homes, starting from a price of 68.3 lakhs, making it an affordable luxury apartment. The project boasts of a luxurious lifestyle and a wholesome experience. The project's location is also such that residents will not have to travel for their daily needs, and commute into the Mumbai City too would be easy and without hassles.