As all the environmental related permissions are cleared for the proposed Navi Mumbai Interantional Airpot & this project will be operational by 2019.
This project will be built on public-private partnership(PPP) on a land of around 1160 hectares.
After the completion of first phase, 10 million people are expected to use it annually. The final phase will have a capacity to accommodate 60 million passengers, annually.
Seeing the rise in passengers, Mumbai’s Chhatrapati Shivaji International Airport will also be extended to accommodate 40 million passengers, annually.
Reasons to invest in Panvel
1. Property cost.
2. Connectivity to Mumbai and Pune.
3. Near to International Airport.
4. College and School Facility.
5. Near to many tourism places.
6. Near to many MIDC area such as Taloja, Rasayani, Patalganga, Roha and Khopoli.
Proposed 22 km six path ocean interface between Sewri and Nhava Sheva is liable to change the horizons of Panvel as the separation between Mumbai and Panvel might likewise descend definitely. Navi Mumbai land is set to hit some new high notes with the happening to the new International airfield. These variables impact the private property markets, as the amount of units are relied upon to build. In this way, we can say that, Panvel private business sector will prosper, in the advancing future.
Panvel is quick turning into the passage hub between Mumbai Pune and southern Maharashtra. Nearness to Mumbai and Pune remains its greatest stake. Panvel has been a white collar class zone for a long while as contrasted with the other Navi Mumbai hubs, which are princelier. With the new worldwide hangar heading up in Navi Mumbai, Panvel’s future appears to be truly guaranteeing. An alternate in addition to indicate is its vicinity to JNPT (the Jawaharlal Nehru Port Trust).
The hallway (DMIC or the Delhi Mumbai Industrial Corridor), which could convert a significant part of the business and logistics situation for West and North India.
It is a protected and secure region, encompassed by a good swarm. A large portion of general society courtesies are quite close and open transportation is additionally accessible. Panvel and encompassing are currently better for the long haul ventures for lands, Vichumebe, Nehara, Palaspa are some best areas for speculators. Panvel is heart of new Bombay, line station touches principle & harbor line so improving with best striking characteristic like near Pune Express Highway & airfield best for living and speculation likewise.
Many residential projects spread across several acres are coming up in Panvel. Below is an example of one such project. It is spread across 80 acres and it has a combination of 1/2/3 bedroom residences, ideal for first/second home or pure investment.