Panvel has seen a significant increase in rentals over the past year, with a 30% rise in the average rent for a 2BHK apartment. According to a report by Magicbricks, the average rent for a 2BHK apartment in Panvel has increased from ₹20,000 per month to ₹26,000 per month.
Experts attribute this to the growing demand for housing in the area, with many homebuyers and renters looking for affordable options. The report also states that the demand for rentals in Panvel is expected to continue to rise, with a projected growth of 25% in the next year.
As the demand for housing continues to increase, experts predict that the rentals in Panvel will only continue to rise, with a projected growth of 20% in the next quarter alone. The rentals in nearby areas like Navi Mumbai and Thane are also expected to rise, with a projected growth of 15% in the next year.
