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2 BHK flats in Khanda Colony Panvel, Panvel
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About Properties In Khanda Colony, Panvel, Mumbai for Sale
Overview of Khanda Colony
- Khanda Colony is an affordable residential suburban area in Panvel, Navi Mumbai.
- This sub locality is divided into 19 sectors and is also known as New Panvel West.
- Khanda colony, being a part of Panvel, comes under the Panvel Municipal Corporation.
- The Khanda colony area is a junction between Kamothe and New Panvel East.
- Khanda colony is known for its proximity to important hubs, commercial localities and excellent connectivity across cities.
- This sub locality is situated along the Mumbai-Pune Highway.Â
- Karanjade, Kamothe, Panvel, and Kalamboli are some neighbouring localities to Khanda Colony.
- The Pincode of Khanda Colony is 410206.
Khanda Colony Residential Market Insights
- The average range of residential properties in Khanda Colony is around ₹14,000 to ₹ 18,000 per sq. ft or more.
- The average price of a 1 BHK flat in Khanda Colony ranges from around ₹ 50 lakh to ₹ 80 lakh.
- The average price of a 2 BHK flat in Khanda Colony ranges from around ₹ 1 crore to ₹ 1.3 crore.
- The average price of a 3 BHK flat in Khanda Colony ranges from around ₹ 1.4 crore to ₹ 1.8 crore.
- Khanda Colony is gaining demand in the rental market due to excellent connectivity options and commercial areas in proximity.
- The average rental price in Khanda Colony ranges somewhere between ₹ 15,000 to ₹ 35,000 monthly or more.
- Specific location, key features, carpet area, and construction status are some factors that influence property prices in Khanda Colony.
Connectivity and Transport In Khanda Colony
- The Harbour Line of the Mumbai Railway network allows seamless connectivity from here to major areas such as Mumbai, Thane and other regions.
- Khandeshwar Railway Station and Panvel Junction railway station on the harbour line are the nearest railway connections from Khanda Colony.
- Moreover, the Vasai-Panvel railway network allows connectivity with Taloja, Vasai, Bhivandi, Dombivali and other localities.
- Khanda colony enjoys excellent road connections since it is strategically located close to several major highways.
- The Khanda Colony region is situated along the Mumbai-Pune Highway, connecting it to both cities seamlessly.
- Other than that, the Uran-Panvel road provides easy connectivity to the prominent industrial area of JNPT, Ulwe, Dronagiri and Uran.
- The Sion Panvel Expressway, Palaspe Phata, NH48, are some key highways accessible from the area.
- The newly launched Navi Mumbai International Airport is around 10 km from Khanda Colony, allowing overseas travelling for residents easily.
Social Infrastructure In Khanda Colony
- Khanda Colony is rapidly developing with respect to infrastructure, civic amenities and social facilities.Â
- Some well-known schools and educational institutions in the area are Mahatma International School, MGM College, Dr Pillai Global Academy, St. Joseph’s High School, Vidyadhiraja College of Physical Education and Research, etc.
- Reputed hospitals around the area are Ashtavinayak Hospital, MGM Hospital, Gandhi Hospital, City Hospital, Criticare Lifeline Hospital, Panacea Hospital, Veer Hospital, Pheonix Multispecialty Hospital, etc.
- Prominent leisure malls in and around the locality are Orion Mall, K-Mall, and Mahalaxmi Mall.
- Supermarkets such as Kamal Supermarket, Moti Supermarket, and New Panvel DMart are available to fulfil the essential needs of the residents.
- Other essential services, such as homestays, banks, ATMs, local markets, grocery stores, etc., are also available here for the convenience of the citizens.
Employment Opportunities In Khanda Colony
- Khanda colony is strategically positioned around major industrial areas and commercial spaces, allowing easy connectivity to these spaces.
- Prominent industrial hubs such as Panvel Industrial Estate, ONGC, and Jawaharlal Nehru Port Trust (JNPT) are around 10 km from the area.
- Also, major MIDC regions such as the Taloja MIDC, CBD Belapur, Nerul MIDC, Rasayani MIDC, Turbhe MIDC, are accessible from Khanda colony.
- Prominent commercial areas like CBD Belapur, Kharghar, Reliance Corporate Park, and Vashi IT Hub are connected smoothly to Khanda colony.
- Other faraway IT hubs like Mumbai, Andheri, and Goregaon are also reachable due to the Harbour Line railway connectivity.
Lifestyle In Khanda Colony
- Khanda Colony is well known for its proximity to major industrial areas, enhancing connectivity routes and rapidly developing infrastructure. This makes it an attractive destination for investment.
- Mejwani Restaurant, Krishna Restaurant, Desi Tadka, and Coastal Curry are some popular restaurants nearby.
- Major Malls, restaurants, cafes, fitness centres, shopping centres, and entertainment hubs are close to the area. This allows the residents to enjoy recreational activities.
Safety and Security In Khanda Colony
- Khanda Colony is a rapidly developing locality and is considered safe with sufficient security.
- Police patrolling is regularly practised in the locality, especially at night and around busy areas.
- Khanda Colony has a police station that takes care of emergency cases and overall public safety.
- Areas near the residential zones have proper street lights and civic infrastructure.
Development and Future Prospects In Khanda Colony
- Khanda Colony is set to experience various developments in terms of connectivity, infrastructure, residential, and commercial improvements.Â
- The upcoming Khandeshwar Metro Station under Phase 2 of the planned Navi Mumbai Metro line will improve metro connectivity here
Culture and Community in Khanda Colony
- Khanda Colony is a highly urbanising area, but it also preserves its cultural heritage.
- There are several local temples in and around the area. Khandeshwar Shiv Temple, Navgraha Temple, and Gavdevi Temple are some of them.
Environmental factors in Khanda Colony
- Khanda colony is experiencing a developing infrastructure. But it still preserves its natural scenic beauty.
- There are abundant green spaces and open areas around the area.Â
- The Khandeshwar Lake and Ballaleshwar Lake are prominent water bodies near the area.
- Few gardens in the area are Dr. Ambedkar Garden, CIDCO Garden, Khandeshwar Park, and Dongary Garden are some of them.
Flat Configuration in Khanda Colony
- There is a range of 1 BHK, 2 BHK and 3 BHK residential properties in Khanda Colony.
- These flats are available for rent as well as for sale.
- Khanda colony primarily offers mid-segment and affordable housing properties.
- 2 BHK properties are in most demand in Khanda Colony due to their affordability factor.
Property Price Growth in Khanda Colony
- Khanda Colony has witnessed a consistent price growth of up to almost 20% in the last 5 years.
- Whereas there has been a 13% property price appreciation in the last 3 years.
- The YOY property price growth in Khanda Colony has been around 6%.
Also, a rental yield of around 3% has been achieved due to an increased demand for rental properties.
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