The Panvel real estate market is attracting investors, with property prices increasing by 15% in the last quarter. According to a report by NDTV Profit, the market is expected to grow further, driven by the development of a new airport in the region.
The report estimates that over 2,000 new housing units will be launched in Panvel in the next quarter, with prices starting from ₹40 lakh. Companies like India Bulls, Tata Housing, and Godrej Properties are launching new projects in Panvel, with amenities like swimming pools, gyms, and parks.
The Panvel Municipal Corporation has also announced plans to develop a new infrastructure project, which is expected to further boost the real estate market. Navi Mumbai and Thane are also expected to benefit from the growth in the Panvel real estate market, with many investors looking to invest in these regions.
The development of the new airport is expected to increase connectivity to the region, making it an attractive destination for homebuyers and investors.
