Originally a city of Raigad district in Maharashtra, Panvel has seen unprecedented growth. It was started in the year 1970 as a residential area which has now developed into a city. Panvel is one of the largest and most densely populated cities in Maharashtra. If you are looking for a house available for rent in Mumbai, then Panvel may be one of your options, which is quite close to Mumbai. It provides special location benefits that meet almost all the needs of the people. The rapid growth has led to a significant rise in the real estate markets in Panvel.
The following are some of the main reasons that make Panvel a promising real estate destination:
Panvel is just a few minutes away from most of the buzzing urban development in Maharashtra. It is located 40 km from the state and connects Mumbai, the economic capital of India, via the Sion-Panvel Expressway. Even New Panvel (East) is along the Mumbai-Pune Expressway. Also, flyover links provide easy connectivity to neighboring areas like Manek Nagar, Godrej Colony, and Kalamboli.
There are some entertainment establishments in Panvel like shopping complex and arcade. Some of them are D-Mart, Mahalaxmi Mall, Govind Garden Shopping Mall, Prajapati Cascade, and K-Mall. It has many supermarkets that cater to the needs of the people.
The presence of educational institutions plays a major role in increasing the value of the locality. Panvel has well-known educational facilities along with many prestigious schools and colleges. Some of Panvel’s most important educational establishments are St. Joseph’s High School, New Horizon Public School, Media Studies and Research, and Mahatma School of Academics and Sports.
Hospitals and banks
Panvel ensures to provide excellent social infrastructure. Hospitals and banks are the most basic need of the people and Panvel have many famous reputed hospitals. Some of these include MGM Hospital, Gandhi Hospital, Life Line Hospital, Metro Hospital, and Vedanta Health Care. Various types of banks and their ATMs exist in different parts of Panvel.
Real Estate Sector
With the development of all the necessary factors, properties in Panvel have increased tremendously. In recent years, several new projects have been started that offer several residential units. Some recent Residential Property launched are Sai World City, Godrej Woods, Wadhwa Wise City, Akshar River Gate, etc.
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