BUDGET HOMES IN PANVEL
Panvel has a constant demand for budget homes and is highly price sensitive that has come up to the expectations of many real estate investors and buyers belonging to mid-income category.
The budget housing category in Panvel witnessed a huge uptake and demand, when compared to other categories such as ultra-luxury and premium housing which continues to witness steadiness and stability. End users as well as real estate investors always hunt for a property that comes under the limit of city, has good area and size and also facilitated with good and basic amenities.
Contributing to the demand of budget housing and piled up with different segments of real estate properties, Navi Mumbai has evolved itself as a heaven for property buyers, whether it is for investment purpose or for dwelling purpose. Still in the developing stage, the area has a high potential and resources which are yet to be unleashed.
As people from rural and several urban areas are moving to Mumbai to pursue a better carrier, it has led to a high demand for the residential and commercial properties in Mumbai. And due to this tremendous demand the price of the properties have also risen to a peak, for which a middle class person has to plan a lot on their financial factor to afford one. And hence, Navi Mumbai area was carved out in the seventies to meet the growing demand for real estate which could not have been met by highly priced city like Mumbai.
Navi mumbai city has emerged as the satellite town to serve for the rising demand of real estate properties in Mumbai.
Tagged for the largest plan city in the country, whether in the commercial or residential segment, the real estate market of the city serves a great chance for the property investors and end users to invest into real estate or buy a dwelling.
Due to its emergence in corporate sector with IT and SEZs Park; the area has gathered lot of importance and value. Many shopping malls are coming up in the locality with various other civic facilities.
The potential of city for buying a property for living or investment segment is just tremendous. The realty market of the locality is in the growing phase and the real estate professionals expect that the property investment in real estate market of Navi Mumbai will get good return to the price sensitive buyers as well as the buyers with good wealth, in coming years.
The locality has witnessed a rapid development and is likely to remain in the same process in the upcoming future as well. And to further enhance the value and drive up the demand of real estate market of the area, there are many developmental projects coming up in the locality.
THE REASONS TO INVEST OR BUY A PROPERTY IN PANVEL
- Property cost.
The property cost, is the first concern for any individual who is going to purchase a property. The cost of any property should fit in a budget that a normal middle class person can afford and the locality aiding to this demand, has ample of residential and commercial properties to cater for budget homes.
For middle class category, the houses or properties that come under the range of Rs. 35 lakhs to Rs. 50 Lakhs are the most demanded and hottest properties. Many builders who feeds to this call and are most sensitized to the price-sensitive buyers, offer all-inclusive packages that include all the usual costs of buying a property such as registration fees, Stamp duty, VAT etc. And the residential properties in Panvel provide affordable flats ranging between INR 20 Lakhs- INR 60 lakhs.
- CONNECTIVITY CHANNEL
Panvel has close proximity to Pune Express Highway, which provides an easy commute for the people travelling from Panvel to Pune. Railway lines effectively links the area to different locations of the city, eventually guaranteeing accommodation to all its inhabitants. The Panvel Railway station is just at a distance of 6 km from Thane railway station.
The nearby developments of the harbor line in Central railway between western lines and Panvel and the CST station, are joined via Wadala Station.
Navi Mumbai Transport buses are easily accessible from the locality and they frequently run between hubs, stations and internal divisions of the area. Panvel Railway station has emerged as the end station for Mumbai’s harbor line railway.
The locality also has close proximity to Navi Mumbai International Airport.There are many more infrastructural developments in pipeline and the commercial and residential constructions in the locality have expanded to a great extent to fulfill the interest of price-sensitive as well as other property buyers.
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