Panvel is an upcoming real estate location in the South side of Navi Mumbai and also also considering the current property investment scenario of the city, the outskirts areas of the city are being sought after by the city residents or those migrating to city in search of jobs. They attach outskirts with everyday convenience and look for options like ready to move apartments for sale in Panvel, for example, so that modern facilities and amenities are accessible to them as soon as they shift base from the heart of the city to somewhere close to their office.
The fact that this locality is close to the Navi Mumbai at a distance of about 4 km, still makes it one of the hot residential property investments in India. However, in the recent time, there are many other flourishing residential locations close to the NICE Road, those plying on the length of the same corridor. So, the home buyer is likely to evaluate all the options more closely. But naturally, the closer you move to the IT area, the more expensive it becomes. It may still be viable to invest in a ready to move apartments for sale in Panvel than its counterparts.
There are many more reasons to invest here. Firstly, leading IT companies are at a short distance from the area like the Hiranandani Business Park, Given it’s IT glean; it is sure to see a rise in demand in the next 5 years. Panvel is already making news for rise in occupancy with software professionals from the city and investing for a permanent residency here.
With the area getting connected to the metro rail network and NH-7 and Nh-4 close by, Panvel is likely to witness a huge rise in the property rates. The time is indeed right to invest in a property here. The area has already seen a rise in the rental price, hovering between 20,000- 30,000 per month for a 2 BHK or 3 BHK apartment sizes and the society facilities. The social infrastructure of the area is fully fleshed out now and continuously developing. It is one of the prime reasons for the growth of the residential occupancy here because Panvel has many educational institutions in the vicinity, which means there is a rising demand from the students who wish to stay on rent. For everyday needs, the area offers easy access for the residents to local bazaars, and has reputed hospitals too.