Gurgaon: An investment destination for Expats and NRIs


Gurgaon, also known as ‘Millennium City’ of the country is one of the prominent cities in the National Capital Region (NCR). Ever since India opened its economy to foreign investment, Gurgaon has been a rewarding destination. Today, it is considered as one of the best cities in India to work and the people migrating here for are looking for properties for sale in Gurgaon.

Reasons to invest in Gurgaon

Gurgaon is a favourite realty hot-spot for many- whether it’s for investment purpose or for end use. The property for sale in Gurgaon gives the option of high returns and a secure property investment environment.

Improved infrastructure and quick connectivity are the reasons behind the growth of Gurgaon. It’s proximity to Delhi and access to locations like Dwarka-Gurgaon Expressway, IGI Airport, NH -8; KMP Expressway adds importance to this locality as an investment destination and increases the demand for properties for sale in Gurgaon. Apart from that, Metro connectivity and Monorail are an added advantage of this city.

This city is known to have stable law and order set-up and peaceful environment, and the construction of various SEZs are attracting several multi-national companies, foreign investors, NRIs and large business houses.

Property appreciation

The property rates are already up and they are set to increase further as the city is expanding. Localities like Sohna Road, Golf Course Road, Gurgaon-Faridabad belt, Manesar, Dwarka Expressway are witnessing a huge requirement for properties for sale in Gurgaon, however, the land is still remains an attractive option in these localities. All these places are seeing a fair appreciation.

Currently, the rates are like, Rs. 7,500 per square feet and, as per the analysts it may increase further in next few years.

This city is attracting investment from NRIs, HNIs and even locals as one can find properties for sale in Gurgaon that fit everyone’s budget. One can find affordable, luxury and ultra-luxury and even deluxe projects from leading developers of India.

 

Flats or Lands: Which Is a Better Property Choice?


Flats –

For flats, you may have to wait for a few years for the possession. You pay a down payment and then EMIs. Bank loans are easily available on the approved projects by the banks. But, of late, there has been a rising tension amongst the buyers who chose to put their money in the construction projects that were in progress. So, if you decide to go for a flat, please make sure you park your money with a developer that you can trust, a developer who has a history of timely project delivery.

Flats often turn out as the best property in Gurgaon as you have the choice to live there, or to put the rent on rent, or sell it the moment you get the price that you were looking for. Gurgaon real estate offers all sorts of flats such as studio, 2-BHK, 3-BHK, 4-BHK, luxury flats, etc. Price vary hugely from one place to another, from one developer to another, which means you have to undergo a detailed research before you decide the type of property that would best serve your purpose.

Open lands –

Lands are also in huge demand these days. Agriculture lands, commercial lands, they are all quite profitable deals. With an open land, you have the choice to build your home (the way you want to build it, take it as high as you want) or keep it that way and sell it when prices go up and you get a tempting offer.

Though open lands are hardly available in Gurgaon, you still can find a few. These lands also top the chart as the best property in Gurgaon, as you have all rights over the land and use it your way.

Both properties – flats and open lands – have their pros and cons; you have to decide which one makes more sense to you. When looking for the best property in Gurgaon, you can take help from the real-estate portals that enlist all sorts of properties that Gurgaon has to offer. Then, you can also take professional guidance from a local real-estate agent.

Buying a property is most likely to be the best investment you’d even make in your life. So make sure you don’t put your money in a bad project or in a bad property. The best way is to research for the best properties in Gurgaon and plan the things out. To begin with, you should think about the budget – how would you manage the finance; once you have worked on the budget, the next step should be the kind of property you want – whether a 2-BHK flat would suffice, or an open land is a better choice; last, but the most important thing, would be to look for a professional that could guide you throughout the property buying process, someone who knows Gurgaon real estate market from inside and outside and thus can help you find the best property in Gurgaon, that too within your budget and in the minimal time.

Author Bio –

Rashmi Nair specialises in real estate content, and writes extensively on the topics covering satellite cities like Gurgaon. To read more from him, visit the space regularly. The next post would be a continuation of this post and would be focused on how to get the best property in Gurgaon.

Today Royal Elegancia in Sector 73 Gurgaon, Gurgaon


Today Royal Elegancia in Sector 73 Gurgaon, Gurgaon

Today Royal Elegancia is a beautiful apartment located in Sector 73 Gurgaon.Beautiful Apartment in Sector 73 gurgaon.An ultra-luxury abode with luxurious finesse & a vision of creating an unmatched address with world class amenities, Today Royal Elegancia is unveiling its masterpiece in the heart of Gurgaon. The 4BHK luxury apartment along with a guest lounge & servant quarter in 3 towers and 2 apartments in each floor is lined with top of the line amenities like club facility and all apartments over viewing greenery making it distinctive & the most sought-after residential address.

Today Royal Elegancia is a destination for the distinguished and the discerning in the true sense of the word. An entirely new evolution in pure luxury living.

today royal elegancia 25_pp_1

Property Type : Apartments / Flats

Bedroom : 4 BHK

Area : 3650  sq feet

Price : Rs. 2.59 crore

Today Royal Elegancia Features

  • Club House
  • Security
  • Lift
  • Gym
  • Swimming Pool
  • Recreation Facilities

I Know you are very much interested to buy this beautiful apartments view more details Here

 

 

 

Noida: An Emerging Luxurious Hub


NOIDA or New Okhla Industrial Development Authority is located in Gautam Buddh Nagar district of Uttar Pradesh. This city which falls under the catchment area of the Yamuna River shares its border with New Delhi, Gaziabad and Greater Noida. Being close to New Delhi and the National Capital Region gives it an extra edge.Witnessing a whole lot of commercial establishments, plentiful of developers and builders have already established themselves in this city with numerous residential real estate projects.

Currently, Noida is in news after the globally acclaimed luxury hospitality giant Four Seasons has launched its private luxury residences at mix land-use property in Delhi. Each apartment will be costing between Rs. 10 crore to Rs. 25 crore. The owners will enjoy hotel like facilities such as temperature controlled swimming pools, laundry, in-residence dining, valet service, transport services, housekeeping and much more.

Noida is a happening place with a lot of greenery and natural beauty and is populated with the best world class infrastructures. Another plus point that works for it is being very close to Delhi, which results in a win-win situation.

Projects like Four Seasons are transforming the definition of quality living and affluent people in New Delhi and National Capital Region (NCR) are ready to invest in such kind of projects for luxurious and comfortable living.

The prime reason for such growth of Noida city is its connectivity to New Delhi, and Delhi Metro has played an essential part in it. Through Delhi Metro, Noida is now connecting to almost all the commercial places like Connaught Place, New Delhi, IP Estate and Akshardham Complex.  Noida features three main expressways:

  • DND Flyway that runs across the river Yamuna, connects Noida and Delhi
  • Noida-Greater Noida Expressway (NGN Expressway)
  • Yamuna Expressway, connects Noida to Agra via Mathura

Noida city is populated with well known educational institutes and hospitals. Some of the best educational institutes like Amity University, Jaipuria Institute of Management, JSSATE, Asian Academy of Film and Television, Mahrishi Vidya Mandir, Amity international, DAV Public School, Ryan International are part of this real estate hot-spot.  Beside these there are loads of good hospitals in Noida, such as, Apollo hospital, Fortis Hospital and Metro Hospital and Heart Institute.

The reason for growth of residential real estate in Noida is attributed to the IT /ITES sector and to manufacturing industries. It is a major hub for multinational firms like Sapient, TCS, Accenture, Samsung, Dell, Ericsson, Tech Mahindra, Adobe System, ALSTOM, Escorts and Honda.

Noida city had been providing affordable as well as luxury and high-end projects to its potential customers. Some of the ongoing luxury projects are:

  • Prateek Stylome
  • Curio City
  • Supernova
  • Mist Avenue

Apart from luxury project, apartments in the range of Rs. 60 lakh to Rs. 90 lakh are having maximum sales in Noida and they are mostly with 2 and 3 BHK configurations. As per a report, around 56000 residential apartment s will come up in Noida by 2014.

The prices in Noida may increase by 10 to 15% in next 6 months; the reason for this increase is the hike in cement prices. The average price for a regular apartment in Noida is Rs. 4,100 per square feet.

Showcasing Top 10 Builders in Mumbai


The financial capital of India, Mumbai tops the chart with the highest number of high-rise buildings in India. Mumbai real estate is home to hundreds of skyscrapers, high-rise buildings and various superfalls. Currently, the city is regarded as having the largest number of under-construction superfalls and skyscrapers in the world- an indicator of the living standards of its residents.

Over the past few decades, Mumbai has been experiencing a huge building boom. Thousands of tall buildings have cropped up, and the towers are getting higher and higher. Some of the noteworthy buildings here are: Gateway Of India, Bombay High Court, Hotel Taj, St.Xavier’s College and Bombay Stock Exchange.

Builders and Developers in Mumbai play an incredible role in planning, decision making and implementing, to take projects from paper to reality. Home seekers select a property in Mumbai by simply going with the reputation and brand of the builder. To create such a brand, builders need to pay special attention to each angle of the building or residential projects being provided by them.

Currently, Mumbai Builders are showcasing new residential projects that are environment friendly, with huge open spaces and various facilities.

Here’s a list of the top builders in Mumbai:

Lodha Group

lodha-casa-rio-gold-mumbaiLodha Group was established in 1980 and now has several landmarks to its credit.

The tag line of the company is “Building a Better Life” and to stand by this, it has forayed into residences, IT parks, townships, offices, weekend retreats and retail. It has a committed team of over 3100 associates apart from site-based employees, amounting to over 25,000 workers. Lodha Group has just not kept itself limited to real estate in Mumbai, but has also been socially responsible, by focussing on education to enrich the society.

Lodha Group has been certified with the OHSAS 18001 Occupational Health and Safety Management System. That is, it complies with the requirements of the BSI for the development and construction of residential and commercial buildings. It is also pioneer in offering the mid-income consumer luxury homes.

Some of the projects in Mumbai by Lodha Group are:

  • World One – A residential skyscraper, India’s tallest building
  • Lodha Bellissimo – Residential Apartments
  • Lodha Excelus – Commercial office space

Tata Housing Development Company

tata housing developmentTata Housing was established in 1984, and since then it has been the fastest-growing real estate company in India. The primary business of the company is the development of residential, commercial and retail projects. Apart from this, the company is also into the acquisition of land, project planning, designing, marketing and sales, execution of projects and estate management.

The Mission of the company is “to delight customers by providing quality life spaces through continuous innovations” Tata Housing is known for its quality construction, transparent business practices and high standards.  It is also into constructing green buildings and the first green building developed was Xylem- Bengaluru’s first gold rated green building.

The company has received various recognitions in India as well as on the international level for its unique projects and its valuable contributions to real estate.

Some of the projects in Mumbai by Tata Housing Development are:

  • New Haven
  • GlenDale
  • Condor Gardens

Godrej Properties

Established in 1990, it is the first real estate company to be ISO certified. This company provides innovation and excellence. Today, the company is busy developing landmark projects in more than 10 cities across India.

godrej propertyGodrej Properties collaborates with reputed names in real estate to create landmark structures. The sole objective of the company is to deliver quality homes to all stakeholders through extraordinary efforts. It is also into the construction of green buildings- the first one being the CII Godrej Green Business Center (single highest Leed platinum related building). Godrej properties provide valuable consultancy in the areas of green building, water management, renewable energy, energy efficiency, and environment management.  Some of the projects in Mumbai by Godrej Properties are:

  • Amantra – A Green initiative
  • Godrej Glenleg – Residential
  • Godrej Hill – Residential

Hiranandani Developers Private Ltd

Hiranandani was established in 1978 and since its inception, has been continuously developing and initiating newer technologies, creative designs and showcasing meticulous engineering work.

hiranandaniIt has createed landmark residential and commercial properties in Mumbai, thereby changing the skyline of the city. It has promoted high standards of living and global lifestyles in its projects to delight its customers and investors. Today, Hiranandani is among the leading real estate groups in India and also has an international presence. The brand is not just limited to residential and commercial buildings, but has its wings spread wide into the hospitality, healthcare and education sectors.

Some of the projects in Mumbai by Hiranandani Developers are:

  • Hiranandani Gardens, Powai-  Residential township, known for its neo classical architectural style
  • Hiranandani Estate, Thane –  Condominium-style township
  • Hiranandani Business Park, Powai

 K Raheja Corp

The decades old company still continues to achieve high targets with quality performance.krahejaIt is into the realty business, hospitality and retailing outfits. It has broadened its scope to land acquisition, approval and designs, project support and leasing and sales. The group has made an impact on the supply side of modern-day living and has satisfactorily met the need of customers.

Some of K Raheja Corp’s Mumbai projects are:

  • Mind Space SEZ – Commercial
  • Vivarea – Residential
  • Raheja Atlantis – Residential

Kalpataru Ltd

Established in 1969, it among the leading real estate groups in India. It is into the construction and development of premium residential, commercial, integrated township, gated communities, retail and re-development projects in Mumbai and Pune. Since its inception, Kalpataru has developed more than 80 landmark buildings. The company is well-known for its outstanding design and superior execution, combined with path breaking innovations.

kalpataruApart from real estate development, this company is into property and project management, procurement and construction, contracting for power transmission, engineering projects and infrastructure projects like road projects, logistics projects, etc.

Some of the projects by Kalpataru in Mumbai are:

  • Kalpataru Crest, Bhandup West – Residential
  • Siddhachal VIII, Thane – Residential

Oberoi Realty

oberoiOberoi Realty was established in 1980 and later in 2010, it was listed in Bombay Stock Exchange. It has completed around 32 projects, covering approximately 4.979 million square feet area, across Mumbai. It caters to the residential, commercial, retail, hospitality and social infrastructural sectors in Mumbai.  Oberoi Realty provides products which are customer-centric, innovative, excellently designed and of excellent quality.  Some of its projects in Mumbai are:

  • Oberoi Exquisite, Goregaon – Residential
  • Oberoi Chambers, Andheri –  Commercial
  • Oberoi Mall, Goregaon – Retail

DB Realty

DB realtyDB Realty came into existence in the late seventies and has built a strong reputation thanks to its excellence through quality. Today, it is counted as one of India’s best real estate development companies, with a presence in the commercial, hospitality, IT parks, residential, gated communities and retail sectors. It has a portfolio which boasts upscale buildings, lavish villas and state-of-the-art malls. Some of its properties in Mumbai are:

  •  India Tower – 126 storey hotel
  • Orchid Crown, Prabhadevi – Skyscraper
  • Orchid Heights, Jacob Circle – Super tall building

Sheth Developers Pvt. Ltd

Sheth Developers has made a mark as a customer-oriented and quality-conscious organisation.

shedthIt is a 20-year-old construction house that has contributed its services to largest townships, complexes and high-rise buildings. Its corporate mission is “Progressing towards creating a better life”. Hence, it continuously upgrades, innovates, improves and sets new benchmarks. Apart from real estate, it has also created a charitable trust which is into education, medical relief and the maintainence of  an eco-friendly environment.

Some of its projects in Mumbai are:

  • Polaris-Vasant Galaxy, Goregaon –  Residential
  • Viva City Mall, Thane – Retail
  • Cenergy IT Park – Commercial

 Rustomjee Keystone Group

Established in 1996, Rustomjee is known for its commitment to quality and vigorous constructions in Mumbai’s prime localities. It was the first construction company to get an ISO 9001:2000 certification for its passion for quality.

rustomRustomjee Group keeps monitoring the process at every stage of its construction process which results in a superior and elegant output. It is into building world class residential complexes, commercial structures and flats in Mumbai. It is environment-friendly, as it plants trees in every constructed building.  Some of the projects by Rustomjee are:

  • La Sonarisa, Matunga – Residential
  • Natraj, Andheri – Commercial
  • Gagan Shopping Centre, Gurgaon –  Retail

These are the top builders in Mumbai, all of which strive to bring out the best in the real estate industry through innovative designs and creative efforts, with the help of new technology. They are all quality conscious and are committed to delighting customers.

Borivali West: Connectivity is the key to Real Estate in this Mumbai Suburb


Borivali, also known as ‘suburb of gardens’ is located on the north-west part and is one of the well-developed localities in Mumbai. Small villages like Eksar, Kandivali, Mandpeshewer, Kanheri, Tulsi, Magathane, Poisar and Shimoli which once used to stand between Dahisar River and Poisar River have come together to form this suburb call Borivali. The name Borivali originates from the word ‘bor’ which means existence of lot of bushes and sweet fruits.

Landmarks

Borivali is populated with landmarks and tourist spots which are visited by people across Mumbai and India. It is surrounded by Sanjay Gandhi National Park in the eastern side, which includes the 4th century archaeology site Kanheri Caves, and by mangrove forests in the west.

Besides this, there are lots of gardens named after freedom fighters; some of them worth mentioning are Veer Savarkar Udayan and Jhansi Ki Rani among others. These parks cater to the needs of different ages and groups, due to which this locality is identified as a suitable residential option by the Builders in Borivali West.

Easy connectivity

Borivali West provides seamless connectivity as it is well-connected to all prime areas of Mumbai city. Since it strategically located at a distance of 1 km from Borivali railway station and 12 km from Domestic Airport, this place drives the residential estate sector and demand for property in Borivali west.

Buses provided by BEST, NMNT and TMT travel to major areas like Thane, Vashi and Wadala making it easy for commuters from the flats in Borivali West. Apart from trains and buses, auto-rickshaws and taxis operate in huge numbers. The Metro rail Phase I (Versova-Andheri-Ghatkopar corridor) project, once completed, will add to the commuters’ comfort. Borivali West is very close to the Link Road that connects to the highway and has easy access to South Mumbai.

Education, Health Care and Entertainment

This locality boasts finest and reputed educational institutes, some of them are Oxford Public School, Rustomjee International School, Ajmera Global School, Swami Vivekananda International School, Don Bosco High School, St. Anne’s High School and Dr. Pillai Global Academy, Sardar Vallabhbhai Patel Polytechnic College, St. Francis Institute Management and Research, Anadibai Damodar Kale College, St. Rocks College of Commerce and Science and R.R. International College among others.

The builders are coming up with new projects in Borivali West in close proximity to these schools and colleges for easy access.

Leading hospitals like Apex Hospital, Karuna Hospital, Pandya Surgical and Maternity Hospital, Doshi Maternity and Nursing Home, equipped with modern technologies are found in this realty hot-spot.

This locality also boasts many shopping malls, theaters, multi-cuisine restaurants and beautiful gardens to keep the residents busy on weekends. Some of the popular ones are Thakkar Shopping Mall, Growel Mall, Shopper’s Stop, Bamboo Garden Restaurants, Banjara Restaurant, Pizza Hut, Five Spice and Cross Road 92 among others.

Residential Projects

Borivali West is a fine locality in central Mumbai and is a prime location for residential property seekers as well as for commercial establishments. The demand for flats in Borivali West is coming from investors who belong to middle and lower middle income group. The factor that attributes for the enhanced demand in this location is the affordability, greenery, and wide spread connectivity. The nearness to Secondary Business Districts like Bandra-Kurla Complex (BKC) and Andheri and the growth of office locations in and around the western suburbs such as Malad, Andheri and Goregaon has increased the demand for 2bhk flats in Borivali West.

Some of the prominent builders in this locality are Thakur group, Rustamjee, Parinee Group etc. The builders are also into re-constructing old properties as well-as development of new projects. A few of the residential projects in Borivali West are:

  • Rishabh Heights by Rishab Group
  • Arua Biplex by Bhoomi Realty
  • Soni Sarovar Apartment by Arihant Group of Companies
  • Ostwal Enclave by Shree Ostwal Builders
  • Parinee Adney by Parinee Pvt Ltd

All these projects offer amenities like tennis courts, party rooms, swimming pools, gymnasium and spa, central air-conditioning, Italian flooring, branded faucets and terrace garden, etc.

Price Trends

Residential

The return on investment is witnessing a decrease of 4% q-o-q and the price for flats for sale in Borivali West is:

  • Highest locality price: Rs 17400 per square foot
  • Average locality price: Rs 14700 per square foot
  • Lowest locality price: Rs 11900 per square foot

However, the rental property is witnessing a 4% hike in return on investment q-o-q. The average value is around Rs. 25 per square foot.

Commercial

The rate of commercial office space for sale in Borivali West is:

  • Highest locality price: Rs 45200 per square foot
  • Average locality price: Rs 26400 per square foot
  • Lowest locality price: Rs 7700 per square foot

Good connectivity, schools, colleges, hospitals, malls and civic infrastructure is the reason why this suburb is high on builders and investors radar, and this locality is expected to have a continuous rise in values in near future.

Future Real Estate Destination of Mumbai is Panvel


Panvel, also known as the gateway to the MMR – Mumbai Metropolitan Region, is just across the Thane District border. Strategically located on the Mumbai-Pune expressway, it is just 45 kilometres from Mumbai. Panvel is a significant town and is clearly divided into three sections – old Panvel, new Panvel – east and New Panvel – west. Panvel is surrounded by regions like Patalganga, Taloja, Nagothane, Roha, Khopoli. Major industries like Larsen & Toubro Limited, Reliance, Hindustan Organic Chemicals Ltd., ONGC, and IPCL are based around Panvel providing numerous employment opportunities. This has initiated the process for development of Panvel real estate.

Panvel is a popular tourist spot in Maharashtra as it includes hill stations like Karnala Fort and Matheran. It has a bird sanctuary called Karnala Bird Sanctuary, which is rich with natural habitats for various kind of birds. All these nearby tourist spots provide respite to the residents of flats in Panvel from their hectic schedule.

Reaching Panvel

Panvel is very well-connected from any part of Mumbai city. The main modes of transport are the rail and road. Some of the major roads of Mumbai are part of this area:

  • It is a junction point for Mumbai-Pune Expressway and Sion-Panvel Expressway
  • NH 4B and NH 17 originate from here and NH4 passed via Panvel

Panvel railway station is an important commuting medium. The station is categorized into Suburban and Main Line. There are a total of 7 platforms (4 suburban and 3 Main Line) while two more are being constructed.

Panvel has two main bus stands: ST stand on the national highway & NMMT stand near railway station. Buses from ST stand ply to Thane, Kalyan, Dombivli, Badlapur, Dadar and Uran and the buses from NMMT stand provide regular buses to a Thane, Dadar ad Vashi.

Good news to the people residing in Panvel flats is the proposed Navi Mumbai International Airport, that is to coming up at Kopra-Panvel location. As per the experts, the upcoming Airport is very close to prime locations like Ulwe, Kharghar, Kalamboli, Nerul etc due to which the values of Panvel property is rising every quarter.

Education, Entertainment and Health Care

Panvel has diverse international schools that offer several higher education options in diverse fields such as pharmacy, engineering or business education. Some of the good institutes are, DY Patil, Drupad Gurkul, Bharati Vidyapeeth, Kendriya Vidyalaya, MGM College of Engineering, B.P Marine Academy, DAV Public School, Pillai College of Arts, Commerce, and Science, Mahatma Gandhi Mission Charitable Trust and Pillais Institute of Information technology among others. Established hospitals such as Sanjeevanam Hospital, Lifeline Hospital, Gune Hospital, Hiranandani Hospital have created a niche here. This locality is surrounded with malls and eateries. The best malls in this locality are Inorbit Mall, Korum Mall and Haiko Mall. Basic amenities like water and electricity is not a problem as such.

 Real Estate Growth in Panvel

Proximity to Pune is its biggest asset and with the new international airport coming up in Navi Mumbai, Panvel’s future looks very promising. Hence, the property in Panvel is attracting lot of developers and real estate investors to initiate new projects in Panvel. The Panvel- Matheran road particularly has become one of the most sought-out areas for real estate investors. Another good point is its closeness to JNPT, the freight and industrial corridor. The rates of Panvel property for sale has doubled or tripled in few cases over the last 5 years.

The proposed 22 km six-lane sea link between Sewri and Nhava Sheva would reduce the distance between Mumbai and Panvel drastically. This announcement has created a buzz and lots of people are looking at Panvel to invest in flat as well as in plots and lands. Some of the good projects by the builders in Panvel are: Arihant Akansha, Marathon Nexzone, Greenearth Residency, Omkar Puram, Sidhivinayak Sparsh and Waters Edge. Panvel builders are coming with apartments with 1 BHIK, 2BJK, 3BHK and 4BHK configuration, one can make a choice based on the requirements.

There is also availability of land for sale in Panvel. The present rates are between Rs 3500 to Rs 5000 per square foot.

The ROI is witnessing a downtrend for both, flats for sale in Panvel (3% q-o-q) as well as for residential property in Panvel for sale (8% q-o-q).

Multistorey Apartment:

  • Highest locality price: Rs. 4600 per square foot
  • Lowest locality price: Rs. 4200 per square foot
  • Average locality price: Rs. 4400 per square foot

The rental value is Rs. 10 per square foot, which is witnessing a downtrend of 9% q-o-q.

Residential property

  • Highest locality price: Rs. 5400 per square foot
  • Lowest locality price: Rs. 4800 per square foot
  • Average locality price: Rs. 4200 per square foot

Panvel has become a real estate hub of Navi Mumbai, and as the demand is steady and increasing, the prospect of additional increase is forecasted in the near future. Panvel is expected to become another Central Business District owing to several factors like the upcoming airport, the Special Economic Zone which is coming up nearby. Properties in Panvel will become the future best thing in the Navi Mumbai real estate market.