Realty Hotspot Series: Why property demand will increase in this Navi Mumbai locality

The realty hotspot series this week looks at Navi Mumbai's Panvel area. This area benefits from its proximity to prominent commercial parts of the city such as Kopar Khairane, Taloja, and Airoli.

Panvel has an abundance of property supply, and a major factor boosting residential demand here is the construction of Navi Mumbai International Airport. The railway station and NH-48 are right there too, making travel convenient.

Distance from:
Airport: 8 km
Railway station: 0 km
NH-48: 0 km

Properties available:
1 BHK (640 sq ft): Rs 32 lakh (avg)
2 BHK (980 sq ft): Rs 57 lakh (avg)
3 BHK (1,330 sq ft): Rs 91 lakh (avg)
4 BHK (2,841 sq ft): Rs 1.55 crore (avg)

Highlights:

• Proximity to workplaces of CBD Belapur, Taloja, Turbhe, Kopar Khairane, Ghansoli and Airoli.
• Strong connectivity through Mumbai-Pune Highway, NH-48, NH-66 & Panvel Railway Station.
• Under construction Navi Mumbai International Airport to further boost residential demand

Locality snapshot:

• Schools: 10+
• Hospitals: 8+
• Restaurants: 14+
• Banks/ATM: 20+
• Grocery stores: 12+
• Petrol pumps: 10+

Consumer preference by budget segment (Rs)

Consumer preference by BHK

Consumer preference by covered area (sq ft)

Source: Magicbricks