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Realty hot spot series: Proximity to job hubs makes this Navi Mumbai area popular real estate

Panvel is quite popular due to its proximity to key commercial hubs. The locality also boasts of known malls like Orion Mall, Seawoods Grand Central Mall etc. Construction of the Navi Mumbai International Airport is likely to boost housing demand.

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Updated: Jan 13, 2020, 10.36 AM IST
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Under construction Navi Mumbai International Airport is expected to further boost demand for homes
This week's realty hot spot looks at Panvel in Navi Mumbai. This locality of Navi Mumbai is already popular due to its proximity to key job hubs like CBD Belapur, Taloja, Turbhe and so on. The price range of an apartment in the area is between Rs 4,200 and Rs 8,900 per square feet. Panvel has high demand and supply of real estate.

The average price of one BHK is Rs 35 lakh while the average price of 2 BHK is Rs 62 lakh. The locality has 16+ schools, 12+ hospitals and 15+ banks.

Panvel, Navi Mumbai
Price range (per sq ft): Rs 4,200-8,900
Demand: High
Supply: High
Panvel


Distance from:
  • Airport: 45 km
  • Railway station: 0 km
  • NH-48: 0 km

Properties available
Properties-available

HIGHLIGHTS
  • It is close to workplaces like CBD Belapur, Taloja, Turbhe, Kopar Khairane, Ghansoli and Airoli
  • It is home to popular malls like Orion Mall, Seawoods Grand Central Mall, etc
  • Renowned hospitals including Lifeline Hospital, Panacea Hospital, B&J Superspeciality Hospital are close by
  • It has good connectivity through the Mumbai-Pune Highway, NH-48, NH-66 & Panvel Railway Station
  • Under construction Navi Mumbai International Airport is expected to further boost demand for homes

Locality snapshot
  • Schools 16+
  • Banks 15+
  • Hospitals 12+
  • Grocery Stores 14+
  • Restaurants 20+
  • Petrol Pumps 16+

Sectors
sectors

Consumer preference by budget segment (Rs)
Budget-segment

Consumer preference by BHK
BHK

Consumer preference by covered area (sq ft)
covered-area

Source: Magicbricks
(Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of www.economictimes.com.)

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