By Accommodation Times News Service
Many big developers are launching their new projects in the area, more than 50 new projects are going on in Panvel
Navi Mumbai is emerging as new real estate destination for buyers, Panvel-New Panvel are the popular destinations of Navi Mumbai. The rapid development in Panvel is infused by the construction of the new International Airport at Navi Mumbai. The construction of the development has boosted the real estate market there; many big developers are launching their new projects in the area, more than 50 new projects are going on in Panvel.
Panvel is the leader of residential properties in Navi Mumbai and the new development projects are additional to the popularity, the area is proximity to the Mumbai-Pune express this makes the area easily accessible, many more infrastructure projects are proposed to develop the area like Nhava Sheva sea link, and entertainment and sports complex are soon coming up as major attractions. The Nhava Sheva sea link will connect Mumbai and Navi Mumbai and reduce the commuting time between the two destinations. This popularity will increase with the completion of Metro, which is carried out by CIDCO in Navi Mumbai.
The residential projects launching in the area are offered with a wide budget rates, the apartments are planned considering all income level groups from low income group to middle income group to high income group. The 1 & 2 BHK units are offered at range of Rs. 10-30 lakhs, the 2-3 BHK units are amounted to Rs. 40-80 lakh. Even some luxury projects are offered for high income group costing Rs.1-2 crore.