The historic town of Panvel has grown immensely in the past decade due to infrastructural development and the planned Navi Mumbai International airport. The availability of residential properties to suit every pocket, the planned infrastructure development, good connectivity across the state and projected growth potential of the region, makes Panvel the perfect residential location. Let’s look at some of the factors which indicate why the real estate investors and home buyers are eyeing Panvel for real estate investment.
Why are real estate investors and home buyers looking to invest in Panvel?
- Good quality of infrastructure: Panvel has a very good quality of infrastructure in and around the city, so travelling becomes less gruelling as compared to those residing in Pune and Mumbai. It also offers good connectivity to areas such as Konkan, Mumbai, and Pune.
- Emerging educational hub: Panvel is an emerging educational hub with reputed educational institutions catering to students who wish to move to the city for better educational opportunities. It has some of the best educational institutes like MGM College of Engineering and Technology and Pillai College of Education and Research.
- State-of-the-art facilities and multi-specialty hospitals: Hospitals with world-class facilities and state-of-the-art techniques have been developed in Panvel. Lifeline Hospital, Gandhi Hospital, Ashtavinayak, Dr Patil’s Hospital and Ayur Physio Clinic are just a few names of hospitals and healthcare services in Panvel.
- Industries: Industries such as Oil and Natural Gas Corporation, IPCL, Reliance, L&T, and Hindustan Organic Chemicals Ltd have contributed to the growth of Panvel.
- Logistics hub: After the completion of Delhi Mumbai Industrial corridor, Panvel will turn into a business and logistics hub. This will also make Panvel an attractive commercial hub.
- Many residential options: Panvel has many residential options including bungalow plots, villas, flats and high-end luxury homes.
Panvel is gaining immense popularity amongst the nuclear families, senior citizens, NRI and home buyers. Hiranandani Fortune City is a global township in Panvel which is spread across hundreds of acres of land and offers studio, 1, 1.5, 2 and 3 BHK flats in Panvel . Panvel is on its way to becoming the real estate hot-spot of Mumbai and those who think of Panvel as a real estate location in present-day will be making the correct choice.