Panvel has a promising future
As the gateway to the Mumbai Metropolitan Region, it provides quick access to the hinterland and rapid access to Pune
Panvel is the gateway to the MMR - Mumbai Metropolitan Region. The main hinterland of Maharashtra lies towards the east and south of Panvel. Panvel provides quick access to the hinterland and it is the opening towards Pune. With the opening of the economy, one can expect a lot of development to take place in and around Panvel. There will be dramatic improvements taking place.
Until now, Panvel has been primarily a middle class area, the other Navi Mumbai nodes are more affluent. Proximity to Pune is its biggest asset. With the new International airport coming up in Navi Mumbai, Panvel’s future seems very promising. It can really take off. Another plus point is its proximity to JNPT, the freight corridor, the industrial corridor… the rail connectivity is excellent. As a terminus it is suitable for freight related activities. Towards Pune you have agriculture, floriculture, so Panvel is poised for a great future.
Over the past year, Panvel has suddenly become the hotspot for many people and they have begun to look at Panvel as a place to be in, whether it’s in terms of appreciation, whether it’s in terms of growth, whether it’s in terms of opportunity. This is happening due to a variety of reasons ranging from the International airport coming up and the elements around it, or the fact that Panvel is evolving into a major terminus.
The fact that there is more land available at Panvel for township projects is a major plus point for real estate development. Most home seekers today are from the middle class who want some amenities. Panvel makes that possible. People can enjoy lifestyle amenities like a playground, clubhouse, etc. in the new townships coming up there. Today Panvel offers maximum value for money.
Today the land mass in Mumbai has gone up to Nallasopara and Dahanu. Panvel and beyond Panvel up to Raigad are equidistant. Panvel has a lot more scope because it has JNPT, one of the largest employment providers; the largest IT corridor, MHAPE...
On the Pune side there is development from Hinjewadi towards Lonavala, here it will be from Panvel. Land is easily reachable. You have the Panvel-Uran railway line laid up, once the population comes up you can start it. You have the Mumbai-Pune Expressway, the old Highway, water is not going to be a problem thanks to the Morbe Dam.
When it comes to potential, the Pavel-Raigad region can extend the IT corridor right up to Khopoli. Panvel may well become the hub of Navi Mumbai in future. The proposed 22 km six lane sea link between Sewri and Nhava Sheva is likely to change the skylines of Panvel as the distance between Mumbai and Panvel would also come down drastically.
Anuj Puri, Chairman & Country Head, Jones Lang LaSalle India points out that Navi Mumbai real estate is going to hit some new high notes with the coming of the new International airport. The highest focus will be on Panvel and its immediately adjoining areas, since Panvel is Navi Mumbai’s last node and also the ingress for the Mumbai-Pune Expressway. A speedier focus on the development of physical and social infrastructure in the region will ensure that this region maintains its attractiveness as a destination on the Mumbai real estate map.
As the gateway to the Mumbai Metropolitan Region, it provides quick access to the hinterland and rapid access to Pune
Panvel is the gateway to the MMR - Mumbai Metropolitan Region. The main hinterland of Maharashtra lies towards the east and south of Panvel. Panvel provides quick access to the hinterland and it is the opening towards Pune. With the opening of the economy, one can expect a lot of development to take place in and around Panvel. There will be dramatic improvements taking place.
Until now, Panvel has been primarily a middle class area, the other Navi Mumbai nodes are more affluent. Proximity to Pune is its biggest asset. With the new International airport coming up in Navi Mumbai, Panvel’s future seems very promising. It can really take off. Another plus point is its proximity to JNPT, the freight corridor, the industrial corridor… the rail connectivity is excellent. As a terminus it is suitable for freight related activities. Towards Pune you have agriculture, floriculture, so Panvel is poised for a great future.
Over the past year, Panvel has suddenly become the hotspot for many people and they have begun to look at Panvel as a place to be in, whether it’s in terms of appreciation, whether it’s in terms of growth, whether it’s in terms of opportunity. This is happening due to a variety of reasons ranging from the International airport coming up and the elements around it, or the fact that Panvel is evolving into a major terminus.
The fact that there is more land available at Panvel for township projects is a major plus point for real estate development. Most home seekers today are from the middle class who want some amenities. Panvel makes that possible. People can enjoy lifestyle amenities like a playground, clubhouse, etc. in the new townships coming up there. Today Panvel offers maximum value for money.
Today the land mass in Mumbai has gone up to Nallasopara and Dahanu. Panvel and beyond Panvel up to Raigad are equidistant. Panvel has a lot more scope because it has JNPT, one of the largest employment providers; the largest IT corridor, MHAPE...
On the Pune side there is development from Hinjewadi towards Lonavala, here it will be from Panvel. Land is easily reachable. You have the Panvel-Uran railway line laid up, once the population comes up you can start it. You have the Mumbai-Pune Expressway, the old Highway, water is not going to be a problem thanks to the Morbe Dam.
When it comes to potential, the Pavel-Raigad region can extend the IT corridor right up to Khopoli. Panvel may well become the hub of Navi Mumbai in future. The proposed 22 km six lane sea link between Sewri and Nhava Sheva is likely to change the skylines of Panvel as the distance between Mumbai and Panvel would also come down drastically.
Anuj Puri, Chairman & Country Head, Jones Lang LaSalle India points out that Navi Mumbai real estate is going to hit some new high notes with the coming of the new International airport. The highest focus will be on Panvel and its immediately adjoining areas, since Panvel is Navi Mumbai’s last node and also the ingress for the Mumbai-Pune Expressway. A speedier focus on the development of physical and social infrastructure in the region will ensure that this region maintains its attractiveness as a destination on the Mumbai real estate map.
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