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Panvel – Best Fast Growing Place To Invest In

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Panvel- fast growing place

Panvel is a fast growing place also known as well-planned city and recently come up with development news. The city development plan for areas under Panvel City Municipal Corporation is ready which will cost the civic body ₹10,514 crore.

Municipal commissioner Ganesh Deshmukh will be submitting the report to the general body for approval. Once the sanction is received, the civic body will start implementation.

Panvel development

According to report, the maximum expenditure of ₹4,308 crore is for social and basic civic services. Special provisions have been made for education, health, garden and entertainment. It will also include and cultural and religious places of worship.

As the new constructions are going on in and near ‘Panvel- fast growing place’, it is required to be well-developed with all the amenities & connectivities.

The report gives priority to good roads, traffic management and transport as Panvel is a growing urban centre with mega projects such as the airport coming up. A provision of ₹2,344 crore has been made for it.

Apart from it, ₹1,050 crore estimated for sewage treatment and sanitation and ₹400 crore for water supply. A total of ₹685 crore has been allocated for disaster management and ₹775 crore for mass housing scheme.

The amount allocated for rain water and sewage drainage system is ₹422 crore. Garbage will be a major issue in the coming years and ₹450 crore has been allocated for its disposal and treatment.

Source: Hindustan Times News.

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