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. Bhaveshwar Icon

Bhaveshwar Icon is a project by Yashrang Developers, located in sector 6, Karanjade, in Navi Mumbai's Panvel region. The project offers aspiring homebuyers an exclusive range of 1 and 2 bhk homes between 42 to 64 lakh rupees only, making these apartments very attractive because of their price range. These residential apartments in Karanjade offer luxurious homes that amazingly escape the noise of the city centre. The beautiful views and cross ventilation make your home a peaceful abode. In addition to that, there are a number of benefits of living in apartments with a good locality.

#2. Bhagat Heritage

Located in sector 36, Kamothe, Bhagat Heritage is a residential complex brought forth by Parth Developers. The project offers unmissable 1 and 2 BHK residences starting from 62 lakhs and promising a bucket of amenities that hypes it up to be a world-class apartment complex. Bhagat Heritage is conveniently located at Kamothe 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.

#3. 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.