Navi Mumbai is shaping up to be the better-planned residential and commercial settlement of the maximum city. As rapid development propels Navi Mumbai into the future, Panvel has emerged as its crown jewel. With on-going development, Panvel is well on its path to a bright future. Here are the top reasons why Panvel is on its way to becoming a city of the future.
1. Improving infrastructure: Panvel is boosting its connectivity on all fronts. A newly proposed Railway line, which will run between CST and Panvel, will bolster Panvel's railway connectivity. As far as roads are concerned, Panvel sits right at the heart of the Mumbai-Pune Expressway which has now become one of India's emerging socio-economic corridors. Thereby, Panvel directly benefits from being at the heart of the action. Moreover, the Trans-Harbor Sea link which will connect Panvel to the south Mumbai. This 22-km long sea link will put the mainland only an hour's drive away from Panvel. To add to the on-going development of infrastructure, Navi Mumbai's civic body, with its planned development approach, is enhancing its connectivity and convenience for all its residents. Most important of these developments is the fact that Mumbai's new International Airport will be set up in Panvel. With one of the busiest airports shifting base there, Panvel will be in the limelight for socio-economic advancement.
2. Corporate Hub: Panvel's connectivity and city planning have made it a favorable spot for corporates. Industry giants such as Reliance and L&T have made Panvel the base for their headquarters. Panvel is also developing as a corporate hub, with commercial property in Panvel increasingly gaining demand. The seamless transportation and connectivity have made Panvel an extremely favourable destination for more corporates to make the suburb their new home.
3. Real estate: As Panvel has gained prominence with its improving infrastructure and become a corporate hub and the center for Mumbai's flights in and out of town, the real estate market in Panvel is witnessing a monumental growth. While corporates are looking for commercial properties in Panvel, families are looking to buy property in Panvel that offer the best amenities at the best price. The rising demand has led to the growth of new construction in Panvel, with luxury apartments and township projects in Panvel underway. As a result, Panvel has become a hotbed for investment.
All these factors have made Panvel an attractive destination for families who are now looking to settle in Navi Mumbai. Panvel, thus, has a bright future as the next residential and commercial hub.
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