PANVEL AND ULWE OFFER NEW PROJECTS WITHIN RS 20-40 LAKHS
Amidst skyrocketing property values, owning a house in Mumbai has become a dream for many. But now, Panvel and Ulwe offer several options within the budget range of Rs 20-40 Lakhs without compromising on connectivity and social infrastructure.
On being asked the reason behind a high demand for property in the area, Aditya Deepakdas, a city-based realtor, Neo Builders Ltd. says, “Properties in Panvel and Ulwe do not make a hole in the pockets of the mid-segment homebuyers seeking affordable homes, within their budget. In addition to affordability, the fact that the western suburbs of Mumbai are now congested has pushed up residential demand in these areas”.
Also, explaining the housing demand in these areas, Prakash Changani, JP Chang Realtors, says, “Panvel and Ulwe are driven by investors or those looking for affordable housing. Hence, buyers here usually look for smaller units. More and more consumers are demanding smaller units, within a budget of approximately Rs 30-40 Lakhs.”
The trend is also being reflected in the supply coming up in this region. Developers are largely focusing on building 1 and 2-BHK units. Most of the projects are priced between Rs 20-40 Lakhs. As far as amenities are concerned, from club house to swimming pool, landscaped garden to well-equipped gymnasium, homeseekers can avail all within their budget range.
Aditya Deepakdas, JP Chang Realtors, Mumbai, Neo Builders Ltd., new projects in panvel, Panvel, Prakash Changani, properties in panvel, Ulwe, western suburbs of Mumbai
