Panvel has a long history dating back about 300 years to the time of the Mughal rule. A small town that initially flourished around busy trade routes, Panvel has the distinction of having Mumbai’s oldest municipal council with the Panvel Municipal Council coming into existence in 1852.
Known as the Gateway of Konkan, Panvel saw dynamic changes with the coming of the Navi Mumbai international airport and infrastructural initiatives like the Trans-Harbour Link. But it has still managed to retain its charm. Planned and developed by the City and Industrial Development Corporation (CIDCO), Panvel continues to be attractive even today, despite the rapid development, being surrounded by mountains, comprising large and green open spaces, lakes, and plenty of historic spots.
Today, Panvel has spread out and expanded to include New Panvel where industrial and manufacturing units have their base, which has prompted a lot of housing to come up as well.
Given the intense activity surrounding the area and availability of affordable housing, Panvel is fast approaching premium pin code status. Let’s take a deeper look at why Panvel is guaranteed to give you returns on property investment in the long-term.
Connectivity and infrastructure
Located 40 kilometres away from Mumbai in Raigad district, Panvel is adjacent to Navi Mumbai and Thane, both of which are well-planned towns with good infrastructure. Panvel is well-connected as it sits at a junction where major highways including the Mumbai-Pune Expressway, Sion-Panvel Expressway, and National Highways 4, 4B, and 66 crosses. But one of its biggest draws is that it occupies a plum spot close to major infrastructure projects that are due to be completed soon.
Invest in Panvel
Panvel is close to the upcoming and much-anticipated Navi Mumbai international airport expected to be operational by mid-2020. The 100+ kilometre long multimodal corridor from Virar to Alibaug, the 22 kilometre Mumbai Trans-Harbour Link (MTHL) also known as the Sewri-Nhava Sheva sea link, and the CST Panvel high speed rail corridor are just some of the projects that are in the works for the area aimed at significantly cutting travel times and aiding easier connectivity.
Additionally, the proposed Navi Mumbai Airport Influence Notified Area (NAINA) plan by CIDCO is expected to drive up Panvel’s livability quotient by a few notches.
Employment
Panvel is an industrial hotspot, being home to well-known Indian and international brands like Unilever, Larsen & Toubro, Reliance, ONGC, Hindustan Organic Chemicals, and the Jawaharlal Nehru Port Trust (JNPT). It is also flanked by several Maharashtra Industrial Development Corporations (MIDC) in neighbouring areas like Taloja, Khopoli, Bhiwandi, and Patalganga.
Social amenities
Panvel has reputed educational institutions like New Horizon Public School, St Joseph’s High School, and DAV Public School. There are many healthcare options to choose from including Jeevan Jyot, Panacea, and Lifeline.
Additionally, CIDCO has laid out plans to develop a few more schools and colleges, many more hospitals and other social welfare-oriented facilities like sports centres and community centres.
Our top property picks
Panvel has a range of housing to choose from including gated communities, townships, apartments, and villas. Prices in Panvel currently range between Rs 5,230 and Rs 8,393 per sq ft. We give you our top three picks of the best properties in Panvel based on build, facilities, and pricing.
Sparsh Shedung
Sparsh’s 1 & 2 BHK flats for sales in Panvel, Navi Mumbai have been designed especially to lend the ‘WOW’ factor to the lifestyles of residents choosing to live in the cradle of its caring and comforting environs.
Possession is from March 2021, and prices 1 BHK @ Rs. 29 Lakhs* All Inclusive and 2 BHK @ Rs. 41 Lakhs* All Inclusive.
Invest in Kamothe
Aashvi Heights in Sector-20, Kamothe
✔ 1 RK + Terrace @ Rs. 44.11 Lakhs All Inclusive
✔ 1 BHK @ Rs. 52.26 Lakhs All Inclusive
✔ 1 BHK + Terrace @ Rs. 66.87 Lakhs All Inclusive
✔ 2 BHK @ Rs. 80.27 Lakhs All Inclusive
Possession is from Nov 2021, and prices range between Rs 44.11 Lakhs* to Rs. 80.27 Lakhs* All Inclusive.
