Rs. 11,650 average per sq. ft price & 110% property price appreciation define the affordability & price growth potential of Panvel for homebuyers. Now, want to know the best projects for buying home in Panvel? Refer to this article.
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Panvel: Has Immense Growth Potential In Real Estate
Panvel – A locality in Navi Mumbai, is thriving with immense growth potential.
Panvel is becoming a major real estate hub in Mumbai, primarily due to significant infrastructural developments and its strategic location.
Several ongoing projects, such as the Navi Mumbai International Airport and the Mumbai Trans Harbor Link (MTHL), are expected to be completed by 2024, further enhancing the area’s appeal to investors and homebuyers.
This has attracted Grade A developers who offer spacious residential apartments. With healthy price appreciation prospects, Panvel is emerging as a desirable real estate investment destination, characterized by infrastructure enhancements and promising growth prospects.
Its strategic location and connectivity have positioned it as a hotbed for real estate investment in 2023, making it an ideal choice for those looking to invest in the Mumbai metropolitan region.
Why Invest In Panvel
There are multiple reasons for you to invest in Panvel. Out of those, the following are the factors that hold the major portion of the real estate development of Panvel.
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Connectivity
Khandeshwar Metro Station, Panvel Express Railway Station & Somatne Railway Station help to access other parts of the city.
Sion to Panvel & Mumbai to Bangalore highways are connected to Panvel which gives more location accessibilities.
Dadar, Kalyan, Badlapur, Vashi, Thane, etc locations can be accessed through NMMT & ST bus terminals.
Chhatrapati Shivaji Maharaj International Airport is just a few km away.
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Social Infrastructure
Bhatia School, Amity University, Sushma Patil Vidhyalaya, etc are the easily accessible schools & colleges in Panvel.
Life Line Hospital, Shri Swami Samarth Hospital, Siddhivinayak Hospital, etc are the nearest hospitals for emergency situations.
Cafe Nine, King of Rolls, Choco Cream, Binger, etc are the famous & nearest restaurants in Panvel.
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Multiple Real Estate Options
Apartments are the most preferred among the multiple residential options.
And specifically, 1 BHK flats in Panvel is 80% of homebuyer’s preference over other configurations.
Villa is also among the people’s choice after apartments in Panvel.
Grade A real estate developers in India have chosen Panvel as their preferred destination in Mumbai. And it also offers 1, 2, 3 & 4 bedroom apartments offering multiple options.
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Future Price Appreciation
Buying home in Panvel will not only offer you the comfort of living but also offer better property price appreciation.
In the last 1 year, Panvel has achieved a 9% flat price appreciation. And this is among the highest compared to the similar kind localities in Navi Mumbai.
Property Rates In Panvel
110% is the property price appreciation in Panvel in the last 10 years.
10 years back the average per sq. ft price in Panvel was around Rs. 6,875. And now it has reached Rs. 11,650 average per sq. ft. And Panvel also had a 4.2% rental yield.
This average per sq. ft flat rate in Panvel signifies its affordability for prospective homebuyers.
So, for a person who is seeking affordable property rates in Panvel & achieving better price appreciation, Panvel could be one of the best options.
Residents Opinion On Panvel
The present residents of Panvel have shared their opinions based on their experience living in the locality.
- Lifestyle
The people of Panvel considered their lifestyle experience & conveniences they have living here. And rated their opinion based on their multiple factors.
Lifestyle In Panvel: 4.5/5
- Safety
Residents of Panvel have considered the safety at night for women, day-to-day crimes & many more while rating their opinions.
Safety In Panvel: 4/5
- Connectivity
Effortless access to the roadways, railways, metro stations, etc has been considered by the people of Panvel while rating based on the reality there.
Connectivity in Panvel: 4.5/5
- Environment
Cleanliness, well-maintained surroundings, & many more factors are considered while rating based on the environment to live a healthy life.
Environment In Panvel: 3.9/5
Best 1 BHK For Buying Home In Panvel
Rs. 17.95 lakhs to Rs. 2.15 Cr is the price range of 1 BHK flats at the best projects in Panvel offering affordable options for homebuyers.
The Top 5 spacious 1 BHK flats in Panvel are listed below with detailed price & carpet area information.
- Akshar Emperia Garden
The Akshar Emperia Garden 1 BHK flats in Panvel start from Rs. 1.94 Cr to Rs. 2.15 Cr for 266 sq. ft to 268 sq. ft.
- Neelsidhi Infinity
The Neelsidhi Infinity 1 BHK flats in Panvel start from Rs. 53 lakhs for 374 sq. ft.
- Shikara Orchid
The Shikara Orchid 1 BHK flats in Panvel start from Rs. 20.35 lakhs to Rs. 21.68 lakhs for 384 sq. ft to 409 sq. ft.
- Sun City
The Sun City 1 BHK flats in Panvel start from Rs. 17.95 lakhs to Rs. 37.22 lakhs for 317 sq. ft to 607 sq. ft.
- Gurukrupa Heights
The Gurukrupa Heights 1 BHK flats in Panvel start from Rs. 21.49 lakhs to Rs. 29.02 lakhs for 360 sq. ft to 490 sq. ft.
Best 2 BHK For Buying Home In Panvel
Rs. 73.9 lakhs to Rs. 1.16 Cr is the price range for 2 BHK flats at renowned developers such as Hiranandani, Kalpataru, Godrej & many others.
The Top 6 luxurious 2 BHK flats in Panvel is listed below with the detailed price & carpet area information.
- Wadhwa Primus Swarna
The Wadhwa Primus Swarna 2 BHK flats in Panvel start from Rs. 1.01 Cr to Rs. 1.06 Cr for 684 sq. ft to 722 sq. ft.
- Hiranandani Golden Willows
The Hiranandani Golden Willows 2 BHK flats in Panvel start from Rs. 92.4 lakhs for Rs. 1.16 Cr for 612 sq. ft to 780 sq. ft.
- Kanakia Greenberg
The Kanakia Greenberg 2 BHK flats in Panvel start from Rs. 90 lakhs for 639 sq. ft.
- Kalpataru Park Riviera
The Kalpataru Park Riviera 2 BHK flats in Panvel start from Rs. 81 lakhs to Rs. 90 lakhs for 616 sq. ft for 687 sq. ft.
- Godrej City
The Godrej City 2 BHK flats in Panvel start from Rs. 74.99 lakhs to Rs. 92.99 lakhs for 658 sq. ft to 735 sq. ft.
- Godrej Hillscape
The Godrej Hillscape 2 BHK flats in Panvel start from Rs. 73.9 lakhs for 612 sq. ft.
Best 3 BHK For Buying Home In Panvel
Rs. 1.07 Cr to Rs. 2.12 Cr is the price range of 3 BHK flats at the Grade A developer projects such as Godrej, Wadhwa, etc.
The Top 3 urban lifestyle 3 BHK flats in Panvel is listed below with the price & carpet area information
- Wadhwa Mega Living
The Wadhwa Mega Living 3 BHK flats in Panvel start from Rs. 2.12 Cr for 1624 sq. ft.
- Godrej Pavilion Residences
The Godrej Pavilion Residences 3 BHK flats in Panvel start from Rs. 1.39 Cr for 1064 sq. ft.
- Arihant Galenia
The Arihant Galenia 3 BHK flats in Panvel start from Rs. 1.07 Cr.
FAQs
| Why invest in Panvel to buy a house?
Better connectivity, multiple social infrastructure options, diverse residential options & future property price appreciation are the reasons for you to invest in Panvel to buy a house. |
| What are the latest property rates in Panvel?
Rs. 11,650 average per sq. ft is the latest property rates in Panvel. |
| Which are the best 1 BHK for buying home in Panvel?
Akshar Emperia Garden, Neelsidhi Infinity, Shikara Orchid, Sun City & Gurukrupa Heights are the 5 best 1 BHK projects for buying home in Panvel. |
| Which are the best 2 BHK for buying home in Panvel?
Wadhwa Primus Swarna, Hiranandani Golden Willows, Kanakia Greenberg, Kalpataru Park Riviera, Godrej City & Godrej Hillscape are the 6 best 2 BHKs projects for buying home in Panvel. |
| Which are the best 3 BHK for buying home in Panvel?
Wadhwa Mega Living, Arihant Galenia & Godrej Pavilion Residences are the top 3 best 3 BHK projects for buying home in Panvel. |
| What is the property price appreciation of Panvel?
110% is the property price appreciation of Panvel in the last 10 years. |
