Panvel is growing into the minds of the real estate investors, especially the ones who are looking for projects in an affordable budget. With more than 50 projects announced in the last 18 months aimed at exclusively low and mid-income buyers, Panvel real estate market is suddenly looking all the more upbeat. More so because of the recently announced Metro connectivity and the proximity to the proposed international airport, Panvel is truly a fair investment destination.
Here are 5 affordable projects to choose in Panvel, with units available in the price range of INR 16.5 lacs to INR 45 lacs.
Rated as one of the best projects in Panvel, this affordable option is offered by Dharti Developers. It is fully-approved project by CIDCO. A 670 square feet 1 BHK flat will cost you around INR 20 lacs. The cost per square feet is INR 3000, which is very competitive considering the real estate market presently. The project is under construction and will be complete by April 2017. The proposed date of possession is December 2017, which does not seem to be extendable as of now. The multi-storey project is blessed with extensive modern day amenities and safety features.
The project by Panvel’s top builders, Tirupati Balaji Buildcon Pvt. Ltd is costlier than other projects but still retains its affordability tag. Priced at INR 4623 per square feet, a 761 square feet unit will cost you around INR 36 lacs. The date of possession is December 2018. Balaji arcade is one of the most scenic spots in the city and is well connected by roads. With absolutely no issue water shortage or bad roads, the project is definitely worth investing into.
Another project that is so affordable for mid0income buyers, Govind Dham is up for possession from June 2018. It is a 16 building complex, located 1 kilometre from the New Panvel railway station. This is the most affordable pre-launch project considering the 4000 per square feet price tag. A spacious 1000 square feet 2 BHK will cost you INR 40 lacs.
This is a ready to move-in offer available at a price of INR 3200 per square feet. 1 BHK flats of super built up area of 600 square feet start at INR 21 Lacs. They are mid-rise with no elevators. Offered by one of the most reputable builders in Panvel- Ekadanta Realtors, this project is good for small families and bachelors who wish to invest in an apartment.
Located in the heart of New Panvel city, Balaji Symphony is an affordable luxury project. A 2 BHK unit with an area of 1055 square feet would cost you anywhere between INR 36 Lacs to INR 45 lacs. Located very close to all the major spots in Panvel, this is one project that has more first-time buyers than real estate investors investing into the units.
Is Delhi-NCR real estate moving sluggish
If the recent trends in real estate market in Delhi are to be believed, there is a significant dip in the units sold in the capital and NCR in the last 18 months. The sluggish trend has been whistled by lack of incentives from the administration which is focussing on clearing infrastructure road blocks rather than giving green signal to new projects. With paper works in the backlog, new projects in Delhi are at pause, at least for the rest of the year 2015.
Looking for a green living space in Zirkapur Here are options
Zirakpur located near Chandigarh and part of the tri city comprising of Chandigarh, and Mohali is one of the most popular real estate destinations. While Mohali and Chandigarh investors have had the luxury of investing in properties located closer to nature with lush green belts and parks, Zirakpur residents often faced concrete jungles.
Tips for new residents in Panvel to understand their locale better
Panvel has seen a major transformation from a sleepy suburb to a satellite town and finally to a full-fledged city. The growing population willing to reside in the Mumbai MMR region, the shortage of adequate real estate destinations in Mumbai region has made investors and buyers look at Panvel as their best option. Panvel was famous from its lush green surroundings and farm houses. With changing times and inflow of population there are abundant new projects available in Panvel for investors and buyers alike.
