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Top 61 New Residential Projects in Panvel, Navi Mumbai

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About Panvel

Panvel, known as the gateway to the Konkan region, is situated in the Raigad district within Navi Mumbai, Maharashtra. The locality falls near Forest Colony, Sector 17 New Panvel East and Takka Colony. The locale has the oldest Municipal Council in Maharashtra, the Panvel Municipal Council (PMC). Presently, CIDCO is administering the city's recent developments.

Located on the banks of Panvel Creek, it has a total population of approximately 570,219. The locale celebrates numerous festivals enthusiastically, with the Dahi Handi and Ganeshotsav being the most famous and grandly observed events.

Panvel boasts excellent transportation connections through major highways such as NH 17, Mumbai - Bangalore National Highway (NH-4), and the Mumbai-Pune Expressway intersecting in Panvel.

Panvel hosts major attractions such as the Ballaleshwar Pali, Bet El Synagogue, Gadeshwar Dham, Karnala Bird Sanctuary, Karnala Fort, Matheran, Shirdhon, and Varad Vinayak temples.

Why Should You Invest in Panvel?

Rental rates in Panvel range from Rs.8400 to Rs.44000, with a net rental yield of 6.1%. Projects like Paradise Sai World City, Hiranandani Fortune City, and Wadhwa Wise City earn Panvel's highest annual rental yield.

In addition to rental income, the average price for apartments in Panvel is ₹ 11,700/- per square foot. The Year on Year (YoY) price change for apartments is approximately 6.6%. The most appreciated projects in this locality are Dudhe Vitevari at 33.7% YOY, Wadhwa Wise City at 21.9% YoY, and Godrej City at 14.9% YoY.

Panvel offers ample 1 BHK, 2 BHK, 1 RK, 3 BHK and 4 BHK residential apartments in the mid-income budget segment. Hiranandani, Akshar Rivergate, Arihant Aspire, and Siddhivinayak Gaurav are the leading developers active in the locale.

Price Trends of Real Estate in Panvel.

Here is statistical data to understand the price trend of real estate in Panvel:

Year (April-June) Price/Sq ft
2019 Rs. 10,250
2020 Rs. 10,400
2021 Rs. 10,600
2022 Rs. 10,750
2023 Rs. 11,500

Disclaimer: All the prices mentioned above are based on the data collected from different sources and do not reflect the actual price. The above-listed price may vary per the developer, location, and amenities.

Top 5 Reasons to Invest in Panvel

1: Geographical Advantage

Panvel draws its allure from its historical role as the ancient trading hub of Paneli or Panelim. Serving as a vital entry point to the Konkan region, it has fostered trade and commerce for centuries. Panvel's growth is significantly influenced by its strategic positioning at the intersection of key highways. The connection to Goa and other coastal regions through NH 17 and the Mumbai-Pune Expressway linking to major economic centres ensures Panvel benefits from outstanding connectivity.

2: Sound Connectivity

  • The Panvel area connects to Badlapur, Dadar, Kalyan, Thane, Vashi, etc., via ST and NMMT bus terminals.
  • It is about 40 km from Chhatrapati Shivaji Maharaj International Airport.
  • Sion-Panvel and Mumbai-Bangalore highways connect greatly to this prime housing colony.
  • A station on the Harbour Line of Mumbai Suburban Railways connects it to Mumbai CST Station.
  • The locale also hosts Yotta NM1 Data Centre, the largest data centre in Asia, and CBD Belapur is 12 km away only.

3: Rapid Infrastructure Development

Panvel has undergone notable infrastructure enhancements headed by CIDCO. Some of the esteemed educational and healthcare institutions, including shopping malls and entertainment venues, are listed below:

Education Centres Healthcare Centres Entertainment Venues
St. Joseph's High School Life Line Hospital Shivganga Waterpark and Resort
Kendriya Vidyalaya ONGC Panvel Phoenix Multispeciality Hospital Ekvira aai mandir
Mahatma International School Ranade Surgical Nursing Home K Mall
New Horizon Public School & Penguin Kids Gandhi Hospitals K. K. Cinema
Vedic Tree International School Hande Hospital Adya Krantiveer Vasudev Balwant Phadke Auditorium

4: Employment Opportunities

The industrial growth in Panvel attracts several large companies and industries.

  • Larsen & Toubro Ltd., Reliance, Hindustan Organic Chemicals Ltd., and others have set up operations here.
  • Kalamboli industrial area is present in Panvel, while Taloja, Patalganga and Khopoli MIDC are 15 km away only.

5: Natural Beauty and Green Spaces

  • Panvel is in proximity to the Karnala Bird Sanctuary and Karnala Fort.
  • Panvel enjoys lush green cover as it hosts parks such as SMART Eco Park, CIDCO Garden, Chhatrapati Shivaji Maharaj Maidan, Rajiv Gandhi and Dongary Garden.
  • Gadeshwar Dam, Adai Waterfalls, and Karnala Bird Sanctuary are famous tourist attractions within 15 km.

FAQs

What is the PIN code of Panvel?

The PIN code of Panvel is 410206. It falls in the Navi Mumbai region of Maharashtra.

What is Panvel famous for?

Panvel, the gateway to the Konkan coast, is the most populous locality in Raigad District, Maharashtra. The area is known for its historical forts in Raigad and Khopoli and the popular trekking spot, Karnala Fort.

The city is also known for its diverse culinary scene, with popular eateries like Woodside Inn and Hotel Peace Park offering delightful experiences.

Is Panvel a good place to live?

Panvel is an excellent place to live, especially with various ready-to-move-in residential projects, including Hiranandani Fortune City, Arihant Aspire and Paradise Sai World City. These projects ensure convenience with proximity to essential amenities like schools, markets, and hospitals such as Phoenix, Lifeline, and Gandhi hospitals. The city's strategic location, connected by major highways and the Mumbai-Pune Expressway, enhances accessibility. Efficient transportation networks through ST and NMMT bus terminals make commuting seamless.

What is the cost of living in Panvel?

For 1 BHK, the rent in Panvel is approximately ₹10 K - ₹20 K, for 2 BHK, it's ₹20 K - ₹32 K, and for 3 BHK, it's ₹32 K - ₹45 K.

What are the current development projects in Panvel?

Some of the top current development projects in Panvel are mentioned in the table below:

What is the future of Panvel?

Panvel is the Future Residential Hotspot, with numerous upcoming projects like Kricon The Orbis, Paradise Sai World City Phase 1 and Hiranandani Fortune City. Developers like Lodha, Hiranandani, or Paradise Group are the leading developers in the locale. One of the most exciting prospects in Panvel is the proposed Navi Mumbai International Airport. This mega-project is expected to transform the region's infrastructure.

What are the top schools in Panvel?

  • Vedic Tree International School
  • DPS
  • Indubai A Wajekar English Medium School
  • St. Joseph's High School
  • Kendriya Vidyalaya ONGC Panvel
  • Mahatma International School

What are the top hospitals in Panvel?

  • Phoenix Multispeciality Hospital
  • Ranade Surgical Nursing Home
  • Gandhi Hospitals
  • Life Line Hospital
  • Prachin Healthcare Hospital, Panvel
  • Unnati Hospital And ICU

What are the best restaurants in Panvel?

  • Amantran - Kitchen & Bar
  • Dainik Fine Dine
  • Suruchi
  • Coastal Curry - Hotel Shree Datta
  • CVR Biryani House
  • Desi Tadka
  • Neelkamal Restaurant

What are the petrol stations in Panvel?

  • Vijay Automobiles HP Petrol Pump & CNG
  • Indian Oil
  • Bharat Petroleum
  • Mahanagar CNG Station
  • Century Fuel Station
  • Venus Auto Care
  • Shell Petrol Pump
  • Jagannath Petroleum Centre

What are the top gyms in Panvel?

  • My Gym
  • Shree Samarth Gym
  • The Gen-X Gym
  • Fitness On Studio
  • Hi Fitness Studio

What are the shopping malls in Panvel?

  • Orion Mall
  • K Mall
  • Hong Kong Shopping Complex
  • D Mart
  • Reliance Smart Point
  • Citi Center

What are the top hotels in Panvel?

  • Jai Malhar Residency
  • FabHotel Prime Devanshi Inn
  • Pallavi Avida
  • Hotel Panvel Palace
  • Royal Tulip Hotel
  • Hotel Monarch Express

What are the best parks in Panvel?

  • CIDCO Smriti Van Park
  • Khandeshwar Park
  • Shaheed Tushar Shamrao Chavan Udyan
  • Green Park
  • Laxmi Park
  • Kamothe Park

What are the top attractions in Panvel?

  • Vadale Lake
  • Karnala Fort
  • Kalavantin Durg Trek
  • Irshalgad Fort
  • Prabalgad Fort
  • Khandeshwar Shiva Temple
  • Adai Waterfalls

How many 1 BHKs are available in Panvel?

17 1 BHK flats, including furnished and unfurnished, are available in Panvel.

How much does a 1 BHK cost in Panvel?

1 BHK in Panvel, costs in the range of ₹20 Lac - ₹55 Lac.

What is the average size of a 1 BHK in Panvel?

The average size of a 1 BHK in Panvel is 350 sq.ft. - 600 sq.ft.

What is the rent of a 1 BHK in Panvel?

The rent of 1 BHK in Panvel lies in the range of ₹10 K - ₹20 K.

How many 2 BHKs are available in Panvel?

18 2 BHK flats are available in Panvel.

How much does a 2 BHK cost in Panvel?

2 BHK in Panvel, costs in the range of ₹55 Lac - ₹1.3 Cr.

What is the average size of a 2 BHK in Panvel?

The average size of a 2 BHK in Panvel is 600 sq.ft. - 900 sq.ft.

What is the rent of a 2 BHK in Panvel?

The rent of 2 BHK in Panvel lies in the range of ₹20 K - ₹32 K.

How many 3 BHKs are available in Panvel?

6 3 BHK flats are available in Panvel.

How much does a 3 BHK cost in Panvel?

3 BHK flats in Panvel cost in the range of ₹1.3 Cr - ₹2 Cr.

What is the average size of a 3 BHK in Panvel?

The average size of a 3 BHK in Panvel is 900 sq.ft. - 1200 sq.ft.

What is the rent of a 3 BHK in Panvel?

The rent of 3 BHK in Panvel lies in the range of ₹32 K - ₹45 K.

How many 4 BHKs are available in Panvel?

2 4 BHK flats are available in Panvel.

How much does a 4 BHK cost in Panvel?

4 BHK flats in Panvel, cost in the range of ₹2 Cr - ₹3.1 Cr.

What is the average size of a 4 BHK in Panvel?

The average size of a 4 BHK in Panvel is 1200 sq.ft. - 1600 sq.ft.

What is the rent of a 4 BHK in Panvel?

The rent of 4 BHK in Panvel lies in the range of ₹45 K - ₹65 K.

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