Why Panvel Is One Of The Growing Real Estate Hubs In Navi Mumbai?

Possessing a residence in Mumbai is what everyone dreams for. Most people can not continue their wish of owning a dream house in Mumbai due to loom in grates of property and ever-ascending rental fares. This is one of the main reasons that property buyers are looking for an optional area near Mumbai where they can get their dream home at the price they want.

Hence, what would be a better place than Panvel to purchase your dream home near Mumbai? Yes, Panvel becomes one of the potential real estate hubs after the declaration of the forthcoming International airport. Panvel is a fast-rising real estate centre that has a great possibility for a future ups wing because of the prospective infrastructural advancement. Properties in Panvel offers the customers spacious possessions at their desired reasonable rate which make Panvel is a great choice for affordable living. Here in this article, we are catering the facts for which property in Panvel Navi Mumbai is becoming the primary choice for potential home buyers.

Location And Connectivity
Panvel is strategically situated close to Pune Express Highway which gives people the convenience to drive from Pune to Mumbai. Panvel is also located very near to Greater Mumbai and Thane that is easily reachable by rail and road. Panvel also comes into the intersection of Mumbai-Pune and Mumbai-Goa Highways. It is regarded as an entrance location of the Konkan region of Maharashtra and a commencing point of Pune- Mumbai expressway. Panvel is also well-connected to Navi Mumbai through Sion-Panvel Highway.

Panvel also incorporates the Panvel line stations with central and harbour lines which make the whole communication of Panvel with the other parts of Mumbai wonderful. Thane Railway station is just only six kilometres away from the Panvel line station. Since Panvel is so well-connected with the other parts of Mumbai that it makes Panvel a perfect choice for potential home buyers.

Government Proposed Lands For Real Estate
The one major reason behind the striking growth of Panvel is the approval of giving more than 350 acres of land to private real estate developers by the City and Industrial Development Corporation of Maharashtra (CIDCO). For this land approval, the low budget flats also come into existence in a large amount as well as the luxury flats.

Control Over The Price By CIDCO
Since a major quotient of land in Panvel is allotted by CIDCO, the price of the property here is also controlled by CIDCO. That’s why a large number of people from every income segment become able to purchase a flat as per their spending capability.

Sufficient Place
Since a large quantity of land is distributed to the developers, a ton of real estate projects are coming into existence in the Navi Mumbai area. A large number of flats for sale in Panvel Navi Mumbai become available for investors. Even most of the investors are showing to purchase a possession in the Panvel area for its spacious structure, massive availability and greenery around it.

Growing Business Hub
Another intriguing reason behind the progress of Panvel is the presence of multiple corporate houses around it. More commercial houses mean more chances of employment which also have an indirect effect on the real estate trend of Panvel. The more chance of employment can make the people bound to purchase a possession.

Upcoming Infrastructural Projects
There are many exhilarating infrastructural projects are coming up in Panvel in which the Navi Mumbai International Airport is a remarkable one. The proposed Delhi-Mumbai corridor will transform the entire prospect of Navi Mumbai by boosting the businesses between the northern region of India with Maharashtra. These factors will surely bring a change in the real estate trend of Panvel.

Panvel is changing its exterior due to the fast-growing infrastructures and amenities like schools, colleges and hospitals. Panvel would soon become a residential hub as well as a commercial hub because of the factors we have described above. Do connect with us for more input on this matter.