Panvel is located in Raigad District of Maharashtra and connected to Navi Mumbai. Panvel is turning one of the most interesting real estate destinations in MMR. It is transforming into a future perfect workspace locations for MNCs, BFSI, IT and ITeS companies. Major Industries like Larsen and Toubro pvt.ltd , Reliance, Hindustan organic chemicals Ltd, Oil and Natural gas corporation ltd, Indian petrochemicals corporation ltd are already providing mass employment with infrastructure to the residents. Panvel has many attractive nearby places to explore just few kilometers away like Karnala fort, Karnala Bird sanctuary, Shirdhon, Gadeshwar dam, Matheran, BallaleshwarPali,VaradvinayakMahad.
When it comes to Education, Panvel has a large number of Institutes. The other advantage of Panvel is Connectivity, whether its highways or railways. Panvel is a Junction, as many other highways meet and pass through the city. The well-known Mumbai-puneexpressway,Sionpanvelexpressway,NH4B and NH66 starts from or passes through panvel. It is also a main station for inbound and outbound trains connecting to harbour line and trans-harbour line. Panvel handles 116 suburban trains travel from destinations Mumbai CST, Wadala Road, Andheri and Thane. It is also major Junction for Konkan railway and comes under mumbai division of central railway. Public transportations help residents to connect throughout maharashtra. There are 2 bus stands in Panvel, ST stand on the highway andNMMT near railway station. It also comes under major bus station for the state as it a junction for Konkan and Pune routes buses.
The Future Multimodal Corridor project will change the presence of travelling. The virar-Alibaug Multimodal Corridor (VAMC) is estimated to complete till 2031. It is to be believed that, the 128 km road is proposed to have eight lanes, a Metro corridor in the median, several flyovers, bridges, underpasses, overpasses and growth centres. The corridor, which was proposed in 2010, envisages providing connectivity to towns such as Panvel, Bhiwandi, Virar, Kalyan, Pen, Uran and Alibaug.
Maharashtra will be the first state to create Hyperloop Transportation System in the world. The state is working on testing and certification of the project,it’s expected to start by 2020 and the full project, in seven years. After completion of the project, travel time between Mumbai to Pune (120)km will cut down to 35 mins by 2026.
Navi Mumbai International Airport Contract is bagged by L&T Constructions. While the state hopes the airport will be ready by mid-2020. Post completion of the project and there would be no looking back for the area. Panvel which is just 4 km away from the airport will benefit the most from the project. The real estate investments will turn into a smart investment in future. The upcoming airport will trigger prices of the residential properties, investing now will be a good decision for long run.