Panvel property offers Good returns

Panvel is a historic town. It is distinctly divided into three parts namely old Panvel Town, New Panvel (East) and New Panvel (West). According to industry professionals, the general real estate trend in the Panvel-New Panvel region showed resilience over the last four to five years. The infrastructural growth in this place and the planned Navi Mumbai International airport are the biggest reasons for the place to become an ideal residential location.

Panvel recently developed as a special commercial zone with Corporate Showrooms and Business Parks. A new broad gauge line has connected Panvel with Karjat and Khopoli and has shortened the distance to Pune. Nearby places upcoming with Mega Townships, Shopping Malls and Multiplexes etc.

With the development in infrastructural and growth of different offices and corporate houses around Panvel, there has been an increase in the residential demand in Panvel. Therefore the place is attracting a lot of developers and real estate investors. The Panvelproperty will offers best returns in next five years, according to industry experts.

Panvel is strategically situated on the eastern side of the Mumbai- Bangalore National Highway and the Mumbai-Pune Expressway and it also offers easy connectivity to the rest of India by road and railways. Panvel which was more of a retreat and holidaying spot and a destination for second homes has gradually transformed into a first home destination, with more settlement happening. The highest demand in this area is for 2 and 3 BHK flats, and the market is dominated by 10-15 storey high-rise apartment developments.