55% Property price appreciation & Rs. 10,520 per sq. ft price of New Panvel is the latest real estate trend here. And this is going to rise in the coming future. To get an overview of the latest property rates in New Panvel, similar localities & latest flats price trends here.
Overview: New Panvel Property Rates
New Panvel is a prominent residential, commercial, and educational node located within Navi Mumbai, Maharashtra, under the Konkan division.
This burgeoning locality is strategically situated between Mumbai and Pune, making it an attractive destination for both residents and businesses alike.
New Panvel East, characterized by the pin code 410206, is a specific area within New Panvel known for its affordability.
The development of New Panvel has been remarkable, offering a blend of modern amenities and infrastructure.
It has become home to numerous schools, including prestigious institutions like Delhi Public School Panvel and New Horizon Public School, contributing to the educational growth of the region.
The locality’s convenient location near Mumbai and Pune has led to its rapid urbanization, resulting in a bustling and densely populated city.
New Panvel boasts a range of housing options, commercia l establishments, and recreational facilities, making it an attractive choice for residents seeking a balanced lifestyle in a well-connected area.
Best In New Panvel
The residents of New Panvel state the following as the helpful accessibility for them.
- Kalamboli Industrial Area Is 3 Km away.
- Affordable Rental Options Available.
- Access to CBD Belapur & Vashi.
- Panchshil Nagar Khandeshwar Railway stations
- Dadar, Badlapur, Dombivli, Thane & Kalyan are nearby.
The following are the factors that need attention:
- Irregular water supply.
- Poor lighting in the roadways.
Present Per Square Feet Rate In New Panvel
Rs. 10,520 is the latest per sq. ft price in New Panvel.
Before the COVID pandemic, the highest per sq. ft price it recorded was Rs. 11,700. Later, it had a downfall till Q4 2019.
Even through the outbreak of the COVID pandemic, New Panvel had better growth in property prices in H1 2020. And the prices stayed balanced till Q1 2021.
During the period of H2 2021 to Q1 2022, New Panvel had continuous growth in property prices. And it also reached Rs. 11,000 per sq. ft in H1 2023.
The prediction for New Panvel is in 2024, it will have a better price appreciation leading to grabbing the attention of homebuyers.
YoY Appreciation Of Property Rates In New Panvel
New Panvel had a 55% YoY Property price appreciation in the last 10 years.
This appreciation was possible because of the increasing connectivity options, multiple infrastructure developments, preference of top residential developers, etc.
As per the sources, the average monthly rent range in New Panvel is around Rs. 8,100 to Rs. 24,640.
Localities Similar To New Panvel Property Rates
Below is the list of the localities that are similar to New Panvel in the aspects of per sq. ft price & YoY price appreciation.
This will help you in knowing the multiple options for your property investment.
|Localities||Per Sq. Ft Price||YoY Price Appreciation|
|Panvel||Rs. 11,640 Per Sq. Ft||9.9% YoY|
|Kharghar||Rs. 15,390 Per Sq. Ft||5% YoY|
|Kamothe||Rs. 12,750 Per Sq. Ft||4.5% YoY|
|Old Panvel||Rs. 11,250 Per Sq. Ft||4.3% YoY|
|Nerul||Rs. 23,495 Per Sq. Ft||10.9% YoY|
|Ulwe||Rs. 13,400 Per Sq. Ft||3% YoY|
|Belapur||Rs. 20,660 Per Sq. Ft||12% YoY|
|Karanjade||Rs. 10,320 Per Sq. Ft||4.4% YoY|
|Kalamboli||Rs. 11,520 Per Sq. Ft||6.4% YoY|
Latest 1 BHK Flat Rates In New Panvel
Rs. 37 lakhs to Rs. 75.62 lakhs is the latest price range of 1 BHK flats in New Panvel East at the well-connected locality.
The Top 2 best 1 BHK flats in New Panvel East are listed below with their price & carpet area information.
- Future Hills
The Future Hills 1 BHK flat rates in New Panvel start from Rs. 37 lakhs for 330 sq. ft.
- Millennium Hilton Panvel
The Millennium Hilton Panvel 1 BHK flat rates in New Panvel start from Rs. 53.2 lakhs to Rs. 75.62 lakhs for 280 sq. ft to 398 sq. ft.
Latest 2 BHK Flat Rates In New Panvel
Rs. 84 lakhs To Rs. 1 Cr is the latest minimum price range of 2 BHK homes in New Panvel at the new developer’s projects.
The Top 2 cozy 2 BHK flats in New Panvel are mentioned below with prices & carpet areas.
- Prajapati Opal
The Prajapati Opal 2 BHK flat rates in New Panvel East start from Rs. 99.17 lakhs for 702 sq. ft.
- KT Sai View
The KT Sai View 2 BHK flat rates in New Panvel East start from Rs. 84 lakhs to Rs. 92 lakhs for 355 sq. ft to 411 sq. ft.
Latest 3 BHK Flat Rates In New Panvel
Rs. 1.53 Cr is the starting price for 3 BHK homes in New Panvel at the hotspot of the locality & enhanced connectivity options.
The Top 1 luxurious 3 BHK flats in New Panvel are listed below with price & carpet details.
- Prajapati Ornate
The Prajapati Ornate 3 BHK flat rates in New Panvel East start from Rs. 1.53 Cr for 1080 sq. ft. And 2 BHK flats here start from Rs. 1.13 Cr for 775 sq. ft.
|What is the YoY property price appreciation of New Panvel?
55% is the YoY property price appreciation of New Panvel.
|What is the latest per sq. ft rate in New Panvel?
Rs. 10,520 is the latest per sq. ft rate in New Panvel.
|Which are the best 1 BHK flats in New Panvel?
Future Hills & Millennium Hilton Panvel are the top projects with the best 1 BHK flats in New Panvel.
|Which are the best 2 BHK residences in New Panvel?
Prajapati Opal & KT Sai View are the top projects with the best 2 BHK residences in New Panvel.
|Which are the best 3 BHK apartments in New Panvel?
Prajapati Ornate is one of the best project with the best 3 BHK residences in New Panvel.