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.

Projects to look out for in Panvel

#1. Marathon Nexzone

Marathon Nexzone is located in Panvel's Kudave region and is a project developed by the Marathon Group. The project enjoys a futuristic location. The Trans-harbor sea link will make Nexzone under 45 minutes away from South Mumbai. With the upcoming airport just a few minutes away, the whole of Panvel is set to take off. The project offers 2 BHK homes at an average price of ₹ 13,488 per carpet sq. ft. to prospective homebuyers. The apartments at Nexzone are a cut above the rest overlooking breathtaking valley views through massive, full-width windows. The project also has a plethora of amenities offered to its residents, enriching their lives and making it more wholesome.

#2. 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.

#3. Sai Proviso Sapphire

This project is built by the Proviso group and is located in Sector 17, Kalamboli, Panvel. The project offers 1 and 2 BHK apartments starting from 60 lakhs. Sai Proviso Sapphire brings a lifestyle that befits royalty with its beautiful apartments at Kalamboli. In addition to that, there are a number of benefits of living in apartments with good locality. Sai Proviso Sapphire is conveniently located at Kalamboli to provide unmatched connectivity from all the important city landmarks and utilities such as well-known hospitals, educational hubs, departmental stores, shops, 24x7 pharmacy, parks, banks & ATMs, entertainment spots and recreational centres amongst other elements.