Panvel, situated in Navi Mumbai, has earned a reputation as an emerging alternative to the heavily-priced, dense, and congested real estate markets of Mumbai city. Industry observers note that Panvel is the new epicenter for end-users, home buyers, and investors in Maharashtra's real estate sector.
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Surrounded by mountains and lush greens, Panvel in Navi Mumbai offers its residents a very high livability quotient. The City and Industrial Development Corporation of Maharashtra (CIDCO) has identified Panvel as a site for a large number of infrastructure projects. Such projects include the Navi Mumbai International Airport, which is a major influencer for development in Panvel.
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A number of factors attracts buyers and investors that are considering flats for sale in Panvel. These include the Mumbai Trans-Harbor Link, Virar Alibaug Multi-Modal Corridor, Panvel-Vashi Metro line, and the Panvel-Karjat Railway line. These projects promise a multitude of fast and efficient connectivity through all modes of transport.
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Karanjade, situated in the Raigad district of Maharashtra, is also attracting significant levels of attention from developers of residential real estate. JNPT Road and Kalundre River cover the locality on two sides.
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Karanjade is home to excellent social infrastructure. Instances include educational institutions such as Kendriya Vidyalaya ONGC, New English School, Little Angels Eco School, Commerce and Science, B P Marine Academy, etc. Certain hospitals in the area include Dr. A Tungekar Surgical Centre, Dr. Nadkarni`s Hospital and Child Care Hospital. Karanjade also hosts branches of the State Bank of India, Bank of Maharashtra, and Syndicate Bank.
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Sanpada is a third location that is attracting attention from the real estate industry in Navi Mumbai. Realtors are particularly attracted to the potential for capital appreciation and rising rental incomes in this micro-market. The locality boasts a railway station of its own and this factor elevates its appeal among home buyers, end-users, and investors in Mumbai's real estate market.
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