The Panvel property market has seen significant growth over the past year, with property prices rising by 20% over the past year. According to a recent report, the average property price in Panvel has risen to ₹8,000 per square foot, with areas like New Panvel and Kharghar experiencing the maximum growth. The report also noted that there has been a significant increase in demand for affordable housing in Panvel, with developers like Hiranandani and Puranik Builders launching new projects in the area.
In fact, a recent report by a leading real estate consultancy firm noted that over 40% of the new launches in Panvel were in the affordable housing segment. With the property market booming, companies are looking to hire talented professionals to fill roles like sales managers and property consultants. As a result, recruitment for these roles is on the rise, with salaries ranging from ₹8 LPA to ₹15 LPA.
The trend is expected to continue, with experts predicting a further 15% rise in property prices over the next year. With its growing infrastructure and strategic location, Panvel is becoming a hub for real estate companies, making it an exciting time for professionals looking to make a career in the industry. As a PropTech company in Panvel noted, the area is seeing significant growth in the demand for affordable housing, making it an exciting time for professionals in the real estate sector.
