Panvel is the place where you should be if you dream of living in the lap of nature. It is the most populated city in the district of Raigad and is located on the Mumbai Bangalore Highway. Panvel is an uncanny blend of an upcoming commercial hub while retaining its old village charm. Panvel is soon to become a prime location for the real estate sector to boom. Both residential property & commercial property in Panvel is piquing the interest of buyers.
Here we share some reasons for investing in commercial property in Panvel.
1) Connectivity Advantages
The connectivity advantage is one factor which you should consider while looking for projects in Panvel. Panvel is the main junction on the Konkan Railway route. Hence it is a good investment option for buyers residing in Konkan area. Buyers living in Pune can also consider buying property in Panvel as New Panvel begins right at the start of the Mumbai Pune Express highway. Panvel is well connected to all the major suburbs in Mumbai. The upcoming Mumbai Trans-Harbour link is expected to cut the total commute time between Mumbai and Navi Mumbai by 30 minutes.
2) Proposed Upcoming Infrastructure
The upcoming infrastructure at Panvel boasts of good connectivity with Mumbai. Construction of reputed schools and hospitals is another add on to the amenities Panvel will provide soon. The proposed metro corridor between Vashi and Panvel is expected to give the residents ease of travel. This will also give birth to many commercial properties in Panvel. The commercial real estate is witnessing a rise in Panvel. It will soon be a commercial hub with the advent of SEZ at nowhere else but in Panvel.
3) Best SEZ Zones
Best SEZ or Special Economic Zone is the future of Panvel. The SEZ is well positioned keeping in mind the connectivity, trace & commerce and also other resources. This will usher a lot of companies into Panvel and give way to skilled manpower from reputed and dignified institutes to come to Panvel.
4) Proximity to The New Upcoming Airport
With the announcement of the New Airport Influence Notified Area, property in Panvel has garnered the attention of buyers. An upcoming international airport is all that you need to consider investing in commercial properties in Panvel. A whole new ecosystem of amenities and commercial property could be built around the airport and give you a good reason for real estate investment.
5) Plenty of Space Available
Panvel is still in the development stage. As is the case with all real estate developments in Navi Mumbai, Panvel is spacious unlike other parts of proper Mumbai. Panvel, on the other hand, has a natural backdrop which can attract buyers to invest in commercial properties such as resorts, stays etc. Commercial office spaces are another avenue which can be considered for investment.
With many big shot real estate developers in Mumbai making their presence felt in Panvel, the city is on the path to becoming the next commercial hub.