The real estate market in Panvel is witnessing a significant surge in demand, with over 50% of homebuyers looking to invest in the city. According to a report by Livemint, Panvel has seen a growth of 40% in terms of real estate demand, with average prices ranging from ₹20-50 lakh.
The growth in demand is attributed to the increasing infrastructure development in the city, including the new international airport and the Trans-Harbour Link. Developers like Tata Housing and Mahindra Lifespaces are launching new projects in Panvel, with prices ranging from ₹30-70 lakh.
The report also highlights the growth in demand for commercial spaces in Panvel, with average rental yields ranging from 5-7%. The real estate market in Panvel is expected to continue its growth trajectory, driven by the increasing demand for housing and commercial spaces.
