Panvel Real Estate – Making a difference

May 7, 2007	(Be the first to rate this story!)  Loading ...
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Panvel is located in the Raigad district of Maharashtra. It serves as a gateway of Konkan region. The place is witnessing amazing growth in terms of real estate.

The real estate in Panvel has been on a roll since the airport project has been proposed in the area. Recently, the Central Railway has drawn a masterplan to turn the Panvel station into a big terminus at an investment of Rs 22 crore. Terminal will be a great relief for the residents of Navi Mumbai as it will help them to save on the long trip to either CST or LTT to board a long distance train.

With property prices in Mumbai set to taper off in the near future, a majority of property biggies are shifting their base to beat everyone to punch. Interestingly, Panvel is one of the most significant targeted areas in the eyes of developers.

Also, the major beneficiary of the boom is Mukesh Ambani’s Special Economic Zone (SEZ) in Panvel which would come over a large area of 38,000 acres.

Properties in Panvel have attracted large attentions from the developers who are bringing their expertise to adhere to high quality construction standards and on time delivery of real estate projects in Panvel.

Most property deals in Panvel are believed to be in between Rs.15 lakh- Rs. 10 lakh per acre. However, the land rates here vary according to its proximity to important places like the railway station and the highway.

Builders have acquired over 2,500 acres of land in Panvel and nearby regions. One such player is the Evershine Group, which over the years has emerged as one of the most prominent leaders in the real estate industry. The group is considering coming up with another ambitious project in Panvel and has bought a large area of 1,200 acres.

News Published Under:   Real Estate India |