New Residential Projects in Old Panvel, Panvel, Navi Mumbai

Circle rate has an impact on the stamp duty of a property purchased in Panvel.

A stamp duty of Rs 5.7 crore was paid for this transaction.

Panvel, Belapur, Ulwe etc. are places where top construction companies in Navi Mumbai are present.

The MMRDA was formed in 1975 to ensure balanced development of the Mumbai Metropolitan Region

Mumbai and Pune have jointly accounted for an impressive 60 per cent of total property sales in top eight cities in the second quarter of 2023.

The residential real estate landscape in Mumbai has shown remarkable resilience and consistent growth in 2023, driven by various factors that shape the inclinations of homebuyers.

With an investment of around Rs 550 crore, the projects span a combined area of 23.26 acre.

Mumbai has always been in the limelight for its residential real estate, the housing projects ranging from luxurious apartments in high-rises and gated communities to affordable, small-sized units in the suburbs. The city's diverse neighbourhoods offer viable housing options, catering to various budget categories.

Property sales in both Mumbai and Pune grew at the fastest pace of 26 per cent YoY each amongst the top eight cities, in the first half of 2023. Both these cities together account for 60 per cent share in the total 1.66 lakh units sold in H1 2023.