New Panvel – The Place to be

While most of the central places in Mumbai seem to be out of reach of the Middle classes, a place that has become increasingly popular for real estate is New Panvel. There are plenty of up coming residential projects by builders such as Neel Group, Harware, Marvel Realtors etc.

What’s HOT in New Panvel?

• The place is well connected by both train as well as road. You’ll get a train in the morning that is a direct one from Panvel to Andheri. And if you want to travel to South Mumbai by road from, Panvel, it’ll take you an hour and a half, a lot depends on traffic as well.

• There is plenty of development happening in New Panvel – schools, banks, restaurants, shops etc.

• Given the concrete jungle that we’re living in, New Panvel still has plenty of greenery. There are parks in every sector and the layout is pretty well planned.

• Malls – the new attractions in Mumbai, are also finding their place in New Panvel. There are a couple of malls that are under construction. One of them is located at Khanda Colony.

• New Panvel is just a few kilometers from the proposed new Airport at Kharghar

• Also coming up in the neighborhood is a Reliance SEZ

Such developments and more are making New Panvel immensely popular and property rates are on the rise.

A few things that are not too hot in New Panvel

• New Panvel, like parts of the Thane are also affected by power cuts. It has 4 hours of power cuts, daily.

• A number of residents complain, that they have limited water supply

• There is just one theater in New Panvel, and no multiplexes, which are the major source of entertainment for people in Mumbai today!