Property Price Trends in New Panvel 2020 | Reasons to Invest in New Panvel | Employment Hubs Near New Panvel
Are you looking for the Property Price Trends in New Panvel, then you are at the right place. However, all the details about the New Panvel Property Price are mention here. If you are interested in the Property Price Trends in New Panvel then read this article for more details.
New Panvel is the residential, commercial and educational node of Navi Mumbai in the city of Panvel, Maharashtra and comes under the Kokan Division. New Panvel is develop on marshy land and was previously a mango cultivate area.
The development and maintenance authority of New Panvel is City and Industrial Development Corporation (CIDCO) New Panvel is located on the eastern side of the Mumbai – Bangalore National Highway and the Mumbai – Pune Expressway.
New Panvel is divided into two parts – New Panvel East and New Panvel West, latter called as Khanda colony. They have 23 and 19 sector respectively.
New Panvel is surrounded by the some major Maharashtra Industrial Development Corporation (MIDC) managed regions like Patalganga, Taloja, Nagothane, Roha, Bhiwandi and Khapoli.
Property Price Trend in New Panvel
- Total number of properties listed in New Panvel are 628
- Moreover, the price of properties in New Panvel started from around 5.30 lacs.
- The average price properties in New Panvel is Rs. 58.70 lacs but the average price of properties in Mumbai is 1.49 crore.
- The most expensive property price listed in New Panvel is Rs. 10.80 crore.
- However, the 1BHK apartment priced is 21 lac. The area of the flat is 645sq.ft. The apartment per sq. ft. price is 3255.
- The 2BHK apartment priced is 63.8 lac to 81.95 lac. The area of the flat is 580 sq.ft. to 745 sq.ft. The apartment per sq. ft. price is 04000.
- The 3BHK apartment priced is 1.15 crore. The area of the flat is 1540 sq.ft. The apartment per sq. ft. price is 7468.
Employment Hubs Near New Panvel
- Dominant industries are located in the New Panvel itself, such as IPCL, ONGC, Larsen & Toubro, Hindustan Organic Chemicals Ltd. Reliance etc.
- The region, with its fast pace of development, it expected to become a major IT hub very soon providing many employment opportunities to the residents.
Reasons to Invest in New Panvel
The growth of real estate in New Panvel can be attributed to the numerous recent developments like multi – storey apartments in New Panvel and proposed commercial, residential ans infrastructure projects. Reputed builders in New Panvel include Tulsi Constructions, Group Riverside, Indiabulls Greens, Platinum Constructions, etc. Observing recent trends and the upcoming projects investments in New Panvel is expect to bring good returns in the future.
Schools/Colleges in New Panvel and Other Amenities
Some of the most famous schools are in the New Panvel like: DAV Public School, St Joseph’s High School, Shantiniketan Public School and so more schools are in New Panvel. These all schools are in the New Panvel and they are most popular in the Mumbai.
However, the popular colleges in New Panvel are Pillai College of Arts, Commerce and Science, S P More College of Hotel, Tourism & Business Studies, Changu Kana Thakur Jr. College and so more colleges are in the New Panvel. These all are the most popular colleges in the Mumbai.
Moreover, the most popular Hospitals are in the New Panvel Like: New Spandan Multispeciality Hospital, Panacea Hospital and so more hospital are in New Panvel and all of these are most popular hospitals in Maharashtra.