Realty hot spot series: Proximity to job hubs makes this Navi Mumbai area popular real estate

This week's realty hot spot looks at Panvel in Navi Mumbai. This locality of Navi Mumbai is already popular due to its proximity to key job hubs like CBD Belapur, Taloja, Turbhe and so on. The price range of an apartment in the area is between Rs 4,200 and Rs 8,900 per square feet. Panvel has high demand and supply of real estate.

The average price of one BHK is Rs 35 lakh while the average price of 2 BHK is Rs 62 lakh. The locality has 16+ schools, 12+ hospitals and 15+ banks.

Panvel, Navi Mumbai

Price range (per sq ft): Rs 4,200-8,900
Demand: High
Supply: High

Distance from:

• Airport: 45 km
• Railway station: 0 km
• NH-48: 0 km

Properties available

HIGHLIGHTS

• It is close to workplaces like CBD Belapur, Taloja, Turbhe, Kopar Khairane, Ghansoli and Airoli
• It is home to popular malls like Orion Mall, Seawoods Grand Central Mall, etc
• Renowned hospitals including Lifeline Hospital, Panacea Hospital, B&J Superspeciality Hospital are close by
• It has good connectivity through the Mumbai-Pune Highway, NH-48, NH-66 & Panvel Railway Station
• Under construction Navi Mumbai International Airport is expected to further boost demand for homes

Locality snapshot

• Schools 16+
• Banks 15+
• Hospitals 12+
• Grocery Stores 14+
• Restaurants 20+
• Petrol Pumps 16+

Sectors

Consumer preference by budget segment (Rs)

Consumer preference by BHK

Consumer preference by covered area (sq ft)

Source: Magicbricks