Located in Raigad district, New Panvel is turning into an upcoming residential realty hub in Mumbai. Recently, the city has witnessed skyrocketing development in the real estate arena. There is a peak in demand for 1 BHK, 2 BHK, and 3 BHK flats in Panvel. Primarily divided into two parts, east, and west, the city is linked by Khanda Colony Flyover or the New Panvel East-West Flyover.
Strategically located between Mumbai and Pune, the city is managed by MIDC. Some of its nearby localities include Roha, Patalganga, Taloja, and Nagothane. Located at the junction of National Highway 17, 4 and 4B, Panvel is excellently connected with its developed bus network of BEST and NMMT. The railway station and bus station are in proximity to the city. The ST bus service links the city to Dadar, Badlapur, Kalyan, Thane, Dombivali, and Uran. The railway offers easy access to Thane and Vashi, the major employment and business hubs.
Panvel is home to some of the leading industries like Reliance, Larsen & Toubro, ONGC, IPCL, and Hindustan Organic Chemical. The city is rapidly transforming into an IT hub with more and more IT companies setting up in the region. There are several reputed schools, colleges, and hospitals in the city.
Several new projects in Panvel are in the pipeline. These projects offer varied affordable property options that range from studio apartments to luxury homes. The Navi Mumbai international airport will turn out to be one of the major advantages to fuel the property demand among home buyers, investors and developers in the city.
Hiranandani is coming up with a new residential and commercial property project in Panvel. In a couple of years, the city will promise good returns as it has great potential to develop further.