Panvel has a long history dating back about 300 years to the time of the Mughal rule. A small town that initially flourished around busy trade routes, Panvel has the distinction of having Mumbai’s oldest municipal council with the Panvel Municipal Council coming into existence in 1852.
Known as the Gateway of Konkan, Panvel saw dynamic changes with the coming of the Navi Mumbai international airport and infrastructural initiatives like the Trans-Harbour Link. But it has still managed to retain its charm. Planned and developed by the City and Industrial Development Corporation (CIDCO), Panvel continues to be attractive even today, despite the rapid development, being surrounded by mountains, comprising large and green open spaces, lakes, and plenty of historic spots.
Today, Panvel has spread out and expanded to include New Panvel where industrial and manufacturing units have their base, which has prompted a lot of housing to come up as well.
Given the intense activity surrounding the area and availability of affordable housing, Panvel is fast approaching premium pin code status. Let’s take a deeper look at why Panvel is guaranteed to give you returns on property investment in the long-term.
Connectivity and infrastructure
Located 40 kilometres away from Mumbai in Raigad district, Panvel is adjacent to Navi Mumbai and Thane, both of which are well-planned towns with good infrastructure. Panvel is well-connected as it sits at a junction where major highways including the Mumbai-Pune Expressway, Sion-Panvel Expressway, and National Highways 4, 4B, and 66 crosses. But one of its biggest draws is that it occupies a plum spot close to major infrastructure projects that are due to be completed soon.
Panvel is close to the upcoming and much-anticipated Navi Mumbai international airport expected to be operational by mid-2020. The 100+ kilometre long multimodal corridor from Virar to Alibaug, the 22 kilometre Mumbai Trans-Harbour Link (MTHL) also known as the Sewri-Nhava Sheva sea link, and the CST Panvel high speed rail corridor are just some of the projects that are in the works for the area aimed at significantly cutting travel times and aiding easier connectivity.
Additionally, the proposed Navi Mumbai Airport Influence Notified Area (NAINA) plan by CIDCO is expected to drive up Panvel’s livability quotient by a few notches.
Panvel is an industrial hotspot, being home to well-known Indian and international brands like Unilever, Larsen & Toubro, Reliance, ONGC, Hindustan Organic Chemicals, and the Jawaharlal Nehru Port Trust (JNPT). It is also flanked by several Maharashtra Industrial Development Corporations (MIDC) in neighbouring areas like Taloja, Khopoli, Bhiwandi, and Patalganga.
Panvel has reputed educational institutions like New Horizon Public School, St Joseph’s High School, and DAV Public School. There are many healthcare options to choose from including Jeevan Jyot, Panacea, and Lifeline.
Additionally, CIDCO has laid out plans to develop a few more schools and colleges, many more hospitals and other social welfare-oriented facilities like sports centres and community centres.
Our top property picks
Panvel has a range of housing to choose from including gated communities, townships, apartments, and villas. Prices in Panvel currently range between Rs 5,230 and Rs 8,393 per sq ft. We give you our top three picks of the best properties in Panvel based on build, facilities, and pricing.
Ved Brillante from Ved Infratech focuses uniquely on the health and overall wellness of its residents. This 42-floor complex consisting of 1 and 2BHK apartments features a spa, jacuzzi, jogging tracks, infinity pool, a Japanese garden, and a meditation centre in a glass pyramid among others all on the 42nd floor. Ved Brillante also has an unbeatable location being just a kilometre away from the Mumbai-Pune expressway and half a kilometre away from Chikle Railway Station.
Possession is from April 2027, and prices range between Rs 57.4-96 Lakh.
Sai Proviso County
Comprising 1 and 2BHK apartments, Sai Proviso County is a more affordable option. It has standard amenities like a swimming pool, landscaped garden, clubhouse, jogging track, and a yoga and meditation area.
Possession is from December 2020, and prices range between Rs 39-51.5 Lakh.
Spread over 4 acres, Riverside Greens offers 1 and 2BHK apartments in the budget category but without compromising on standard facilities. It has a gym, landscaped garden, children’s play area, senior citizen zone, and a yoga centre. Its popularity is shown by the fact that the 1BHK apartments are already sold out.
Riverside Greens is ready-to-move-in, and prices range between Rs 18.8-33 Lakh.