On the outskirts of Mumbai, lies a gold mine for investors – Panvel. While many are unware or simply unwilling to consider the opportunity that Panvel has to offer, this part of the city has seen exponential growth in the last few years. Be in connectivity, infrastructure, planned city landscaping or the rise in property rates, Panvel has shown steady growth in a short period of time. After the announcement of the upcoming international airport in Panvel, real estate investors and home-buyers are taking notice of this new investment hotspot.
Here’s a look at the various advantages, this novel city has over it distant cousin – Mumbai:
Development of Panvel in recent years
Transport & Connectivity
Residential projects in Panvel have always been known to be an affordable investment. However, times are changing with the growth of the Panvel Real Estate Development, we see more projects with luxurious amenities that are on par with projects in Mumbai. Panvel is strategically located next to a corridor that is seeing massive developments. Apart from the two national highways that pass through Panvel, it also is directly accessible through the Mumbai-Pune Expressway. It also has easy access to Sion-Panvel Highway and Thane-Pune Highway that makes travelling from Panvel a much easier task. The main city, Mumbai isn’t too far away from Panvel either with Chembur located just a short 20-minute drive away.
There are many upcoming infrastructure projects in Panvel that’ll help give it yet another boost. One of these projects is an elevated railway corridor, proposed by the Mumbai Railway Vikas Corporation (MRVC) which aims to reduce travel time between Panvel and CST from 90 minutes to 50 minutes. This corridor will also help in connecting Panvel to Lokmanya Tilak Terminus (LTT) and the proposed Navi Mumbai International Airport stations.
The Panvel railway station currently handles heavy suburban train traffic to Mumbai (CST), Wadala Road, Vashi and Thane. This rush is also slated to reduce with the upcoming Navi Mumbai Metro that is planned for May 2018, connecting Panvel to Vashi.
Panvel is clearly an educational hub with several reputed educational institutions catering to many students who move to the city for better educational prospects. From the Pillai College of Education and Research to MGM College of Engineering and Technology, Panvel is home to some of the best educational institutions in the city.
There is no dearth of good health care services in Panvel. Lifeline Hospital, Life Care Multi Speciality Hospital, Dr. Patil’s Hospital and AyurPhysio Clinic are just a few names from the long list of hospitals and health care services in Panvel.
Shopping & Entertainment
Orion Mall and K-Mall in Panvel are the go-to destinations for shopping and leisurely activities. And good food is available all over Panvel with restaurants like Barbeque Nation, Shabari Restaurant, Tawa Restaurant, Malvan Tadka, Chilli N Pepper and more! Different cuisines to suit the diverse tastes of people.
A majority of the growth in Panvel is courtesy the presence of several important industries like ONGC, IPCL, Hindustan Organics Chemicals Ltd, Reliance and Larsen & Tourbo. The upcoming International Airport has also made way for more fresh business to set up shop in Panvel.
Panvel awaits boom in real estate
Panvel being a planned city has seen property prices double in the last five years and the future of the real estate market in Panvel is expected to rise even further with the news of the proposed international airport. Panvel offers the perfect amalgamation of affordability and progress. The commercial growth of the city will also lead to giving the real estate price rates a boost. In the past few years, one can notice a sudden growth spurt in the number of gated colonies and townships in Panvel, thanks to the tremendous improvement in road connectivity.
The Wadhwa Group carrying forward a legacy of over half a century believes in trust and transparency. As one of the leading real estate companies of Mumbai, The Wadhwa Group has carved a niche for themselves as though-leaders in the realm of design and architecture. With commercial and residential properties spread over 15 million square feet, The Wadhwa Group is going strength to strength, every day.
Wadhwa Wise City is a thoughtfully designed project with the help of passionate designers and architects who have ensured that the fine balance between nature and city remains throughout. A harmonious balance between green and grey, the project is well designed to support neighbourhood quadrangles, linear parks and even urban agriculture. With breath-taking views of the Prabalmachi Hills, Wadhwa Wise City is the home you deserve away from the hustle-bustle of the city and yet close-by to your daily needs.
Wadhwa Wise City is aptly named because of the thought put into the designing and building of the project. From sports and gaming facilities to schools and wellness centres, Wadhwa Wise City has all that one needs to lead and happy and a healthy life.
Where else can you find a home that is well connected to the world but disconnected at the very same time? Wadhwa Wise City ensures you don’t have to give up one to pursue the other. In the age of technology and fast lives, Wadhwa Wise City offers you the right mix of nature and connectivity, so you can relax, rejuvenate at the end of every day, right at home. The search for tranquil homes ends at Wadhwa Wise City.