Neighbourhood Watch – Panvel, Mumbai
The mighty gateway to the Konkan region in Western India, Panvel finds its place amongst the biggest and most densely populated areas of Maharashtra. Originally a city in the Raigad district of Maharashtra, Panvel has witnessed phenomenal development and now extends into New Panvel; which was originally launched as a residential sector in the year 1970, and has since then evolved into a city in itself.
The rapid development, along with exclusive location benefits of having almost every necessity in close proximity have led to a significant rise in the demand for property in Panvel. In fact, Raigad district in itself is one of the most thriving real estate markets in Maharashtra, and properties in Panvel comprise a significant fragment of it.
Connectivity Located about 40 kilometres away from the state as well as financial capital of India – Mumbai (via the Sion-Panvel Expressway) , Panvel is minutes away from the most buzzing urban developments in Maharashtra. New Panvel (East) is also tucked along the Mumbai-Pune Expressway, and the New Panvel Flyover links it to adjoining areas like Manek Nagar, Godrej Colony and Kalamboli.
Hotels There are several hotels located in various parts of Panvel which cater to the varied requirements of transit passengers; these range from bed and breakfast establishments to mid-range hotels. Some of the popular hotels in Panvel include:
Shopping malls and recreation Over the past few years, quite a few shopping complexes and arcades have been established in Panvel. These include places like D-Mart, Mahalakshmi Mall, Govind Gardens Shopping Mall, Prajapati Cascade and K-Mall. For anything beyond that, world class shopping avenues in Mumbai are just a short drive away.
Educational Institutions Panvel is famous for its educational facilities, and there are several reputed schools and colleges located in Panvel. A few of the important educational institutions of Panvel have been mentioned below:
Hospitals and Banks There are a number of well-known reputed hospitals located in Panvel as well as in adjoining areas like Kalamboli and Kamothe. Some of these include MGM Hospital, Gandhi Hospital, Life Line Hospital, Metro Hospital and Vedant Health Care. Several financial institutions also have their branches set up in various parts of Panvel, including IDBI Bank, ICICI Bank, HDFC Bank, Vijaya Bank, SBI, Andhra Bank and many others.
Real Estate in Panvel Property in Panvel has been developing tremendously. 95 real estate properties have been launched in Panvel, of which some key ones include IndiaBulls Greens, Swapna Nagar Township, Space India – Puspanarayan Complex, Kalpataru Group's Riverside, Moraj Group's Riverside Park and Arham by Arihant. In 2013 itself, 26 new projects have come up, which shall offer a total of approximately 4920 housing units. Important launches of 2013 Greenscapes by Monarch Group, Garnet Construction's Brillante, Shikara Construction's Palace Garden and Riverside Greens by Grow Homes. The minimum and maximum price (per sq. ft.) of property in Panvel is Rs. 2699 (Space India - Sinic Ozone) and Rs. 7500 (Emkayen- Balaji Vijay Sapphire) respectively, bringing the average price to Rs. 4286 per sq. ft.
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