Panvel, which is in Navi Mumbai, has gained a huge attention in the real estate sector. Once known as a big rice market, Panvel has now become one of the top areas of Mumbai for property investment. With time, it is becoming one of the prime localities in the real estate domain due to reasons like well-planned localities, wide roads, and affordability. The main reason people are now moving towards Navi Mumbai, to be precise Panvel, is that it offers breathable space which is almost impossible to find in Mumbai. Currently, the average property price in Panvel is around Rs 9112/sq ft.
Now speaking about Hinjewadi, it has been on the top emerging areas when it comes to real estate in Pune. Due to the presence of Hinjewadi IT park, it has been a hotspot for residential projects. Despite it being away from the main city, Hinjewadi can be reached quickly via NH4. The social infrastructure is excellent and one can find hospitals, malls and supermarkets, hotels & restaurants, schools and other essentials as well as non essentials here. People buying property here generally buy it for investment purposes and then rent it out to the IT employees. Currently, the average property rate in Hinjewadi is around Rs 7217/sq ft.
Now speaking about which is the better option, I would say Hinjewadi. Hinjewadi is one of the fastest growing localities in the last 2 years. It has been witnessing an appreciation of 11-19% year on year. While in Panvel, the growth was 12% in 2018-2019 and is similar in 2019-2020.
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Panvel (new mumbai ) or hinjewadi (pune ) is good to invest for price appreciation.
Shaukat
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1 Answers
4 Year
2020-11-16T20:00:59+00:00 2020-12-15T15:50:12+00:00Comment
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