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Flats Under 75 Lakh for sale in Old Mumbai Pune Highway Panvel, Mumbai
100% Verified Real Estate Properties Mumbai. Find New Real Estate Projects & Best Selling Properties in Old Mumbai Pune..une Highway Panvel, Mumbai 3 Verified Flats/Apartments/Villas Only At HomeBazaarCom[Read more]
Wadhwa Wise City
41.37 L - 3.19 Cr
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Wadhwa Codename WOW
43 L - 66 L
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Wadhwa Iris
37.5 L - 48 L
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About Properties in Panvel, Mumbai for Sale
Panvel is a vibrant and growing locality of Navi Mumbai. Known for its strategic location, it serves as a crucial transportation hub connecting Mumbai and Pune via the Mumbai- Pune Expressway and Panvel-Sion Highway. The presence of modern and upcoming infrastructure, schools, shopping centres, and hospitals makes it an attractive destination for both residents and businesses. Flats in Panvel range between ₹ 11,000- ₹14,000 per sq ft.
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Here are some of the top features if you are looking for properties in Panvel.
1.
Strategic Location and Connectivity
- Panvel is situated at the junction of major highways, including the Mumbai-Pune Expressway and the Mumbai-Goa Highway. This excellent road connectivity makes it easy to travel to nearby cities and states.
- Panvel is a major railway station on the Mumbai suburban railway network, making it a crucial transit point for daily commuters. It also serves as a junction for trains going towards Konkan and South India.
- The locality is also strategically situated near the Mumbai Port and the upcoming Mumbai Trans Harbour Link (MTHL). This will facilitate the movement of goods, enhance trade prospects and reduce travel time between Navi Mumbai and South Mumbai.
2.
Commercial Hubs and Employment Opportunities
- Being part of the Navi Mumbai region, Panvel benefits from the commercial and business activities in this planned city. It hosts numerous IT parks, office complexes, and commercial centres, creating jobs in the IT and service sectors.
- Panvel is home to various industrial zones as well, including the Maharashtra Industrial Development Corporation (MIDC) areas providing employment opportunities in sectors like manufacturing, logistics, and warehousing.
- A diverse economy and strategic location make it a promising destination for both job seekers and entrepreneurs resulting in increasing demand for properties in Panvel.
3.
Connectivity of Airports
- The upcoming Navi Mumbai International Airport is in close proximity to Panvel. Once operational, this airport will further enhance connectivity and boost economic activities in the region.
4.
Presence of Popular Developers
- Looking at a growing graph of Panvel many top developers are moving here planning township projects with quality constructions. Some of the prominent builders include Godrej Properties, Hiranandani Group, Wadhwa Group, Kalpataru Group, Paradise Group & Arihant Superstructure.
5.
A variety of Residential options
- Panvel provides a wide range of residential choices catering to the diverse preferences of buyers.
- Property prices in Panvel vary depending on factors like property type and proximity to key landmarks and major connectivities.
- In Panvel, you can find a mix of affordable and luxury properties, with the most sought-after options starting from ₹ 50 lakhs.
- The most favoured housing option in this area is 2 BHK flats, primarily because of their affordability despite being situated in a prime location within Navi Mumbai.
6.
Wide Range of Configurations
- Panvel has a wide selection of apartments ranging from 1 BHK to larger configurations such as 2 BHK, 3 BHK, and even luxurious villas.
- The properties in Panvel have witnessed around 15% appreciation in the last five years.
- Average Rates for Flats in Panvel
| BHK Type | Average Price Range |
| 1 BHK | ₹ 55 Lacs - ₹ 65 Lacs |
| 2 BHK | ₹ 60 Lacs - ₹ 95 Lacs |
| 3 BHK | ₹ 1 Cr - ₹ 1.60 Cr |
| 4 BHK | ₹ 2 Cr- ₹ 3 Cr |
7.
Top-notch Social Infrastructure -
- Panvel boasts a top-notch social infrastructure that contributes to its appeal as a residential destination.
- The town features well-equipped hospitals, clinics, schools, colleges, shopping malls, cinemas, and recreational centres.
- Karnala Bird Sanctuary, Prabalmachi, Gadheshwar Dam and Ayush Resort are some of the attractions of this locale.
Key Landmarks in Panvel
Schools & Colleges
- DAV Public School
- St. Joseph’s High School
- Changu Kana Thakur School & College
- Pillai College of Arts, Commerce & Science
- D. D. Vispute College
Healthcare
- Gandhi Super Speciality Hospital
- Paramount Hospital
- Lifeline Hospital
- Shiddhivinayak Hospital
- Birmole Hospital
Business & Commercial Parks
- MIDC Panvel
- Hiranandani Business Park
- Mahindra Yug Business Park
Shopping & Entertainment
- Orion Mall
- Karnala Fort & Bird Sanctuary
- Miraj Cinemas
- Kalavantin Durg Treck
- Swapna Nagari Holidays
Popular Residential Localities in Panvel
- New Panvel (₹10,450 per sq. ft.)
- Khanda Colony (₹14,300 per sq. ft.)
- Kamothe (₹12,600 per sq. ft.)
- Palaspa (₹12,100 per sq. ft.)
- Rasayani (₹9,600 per sq. ft.)
Popular Residential Sub Localities in Panvel, Mumbai
Frequently Asked Questions
1. Which projects offer 2 BHK flats in Panvel?
Below are a few projects offering 2 BHK flats in Panvel,
Kalpataru Parkreveria
Sai World City
Wadhwa Wise City ( Tulip )
2. Are there any luxury apartments available in Panvel?
Sai World City, Wadhwa Magnolia and Hiranandani Fortune City are some of the projects offering luxury flats in Panvel.
3. What is the average rate of flats in Panvel?
The average rate of flats in Panvel ranges from ₹ 11,000- ₹14,000 per sq ft.
4. What is the price of 1 BHK flats in Panvel?
The average price of 1 BHK flats in Panvel is ₹ 55 Lacs - ₹ 65 Lacs.
5. Which projects offer 3 BHK flats in Panvel?
Here are some of the projects offering 3 BHK flats in Panvel,
Wadhwa Magnolia
Godrej City
Arihant Galenia
Hiranandani Fortune City
Sai World City
6. Is investing in Panvel a good option?
Panvel's strategic location near Mumbai, excellent connectivity via road and rail networks and the upcoming Navi Mumbai International Airport boost connectivity. Also, the locality provides social infrastructure, education, healthcare, and recreational amenities to enhance the overall quality of life, attracting investors. The town is witnessing increasing demand for residential and commercial properties, indicating a potential for good returns on investment making Panvel a good option for investment.
7. Where can I buy a 1 BHK flat in Panvel?
Here are a few projects in Panvel offering 1 BHK flats in Panvel,
Wadhwa Primus Swarna
Hiranandani Golden Willows
Godrej The Highlands / Hillscape
Wadhwa Tulip
Kalpataru Park Reveria
Marathon Nexzone