The Panvel City Municipal Corporation (PCMC) has begun a large-scale fire safety inspection drive across schools, hotels, hospitals, and other commercial and institutional buildings under its jurisdiction. This move came in the wake of recent fire incidents reported from Kharghar and Kamothe, prompting the civic body to undertake preventive measures. Over the next six months, two inspection teams will operate across six key nodes � Panvel, New Panvel, Kamothe, Kalamboli, Rodpali, and Taloja � to assess fire safety compliance, verify the validity of NOCs, and update safety records. Establishments will also be encouraged to undertake self-rectification based on feedback from the PCMC�s fire-brigade department.Read more

DHL Logistics Private Limited has extended its lease for 317,000 sq ft of warehousing space in Panvel near Mumbai for five years, at a monthly rent of INR 1.80 crore (approx. USD 215,000). The lease, effective from August 1, 2024, includes a 5% rent escalation starting June 2025 and a security deposit of INR 14.11 crore (approx. USD 1.7 million). The warehouse is located in the Ascent Free Trade and Warehousing Zone, developed by Ascendas Panvel FTWZ of CapitaLand Group, near the upcoming Navi Mumbai airport. The move highlights Panvel's growing importance as a logistics hub.Read more

The Panvel City Municipal Corporation (PCMC) has extended its property tax amnesty scheme until September 30, 2025. This decision, influenced by a protest rally from opposition parties, offers a 90% fine exemption until September 15, and a 75% rebate from September 16 to September 30. The extension replaces a four-tier system and aims to recover a significant portion of the INR 1,842 crore in outstanding property tax dues, which represents 47% of the civic body's 2025-26 budget.Read more

Mr. Bhavesh Shah, Joint Managing Director, Today Group

Upper Kharghar is poised for a dramatic transformation as the Kharghar-Turbhe Link Road (KTLR) and the Pisarve metro station prepare to redefine connectivity in Navi Mumbai. The 5.49-km KTLR, featuring a twin tunnel and an elevated viaduct, will drastically reduce travel time, linking the industrial hub of Turbhe with the scenic Upper Kharghar. Simultaneously, the metro's modern amenities are expected to attract homebuyers and investors alike. These infrastructure projects, coupled with the upcoming Navi Mumbai International Airport and CIDCO Business District, are set to enhance the socio-economic and real estate value of the region significantly.Read more

The Wadhwa Group has launched 'Evara,' a signature villa plot development in the Wadhwa Wise City integrated township in Panvel. These premium plots, starting from 1,600 sq. ft. and priced from INR 1.49 crore, are nestled in lush surroundings while offering easy access to Navi Mumbai and Mumbai. Residents can enjoy various amenities, including retail plazas and a sports complex, amid extensive greenery.Read more

PNT Reporter

CIDCO has launched a scheme to sell 243 shops in Navi Mumbai's Ulwe node, aiming to bolster economic activity and provide opportunities for small and medium businesses. With Ulwe's rapid urbanization and strategic location near transit networks and the Mumbai Trans Harbour Link, the area presents promising prospects for business growth. CIDCO's Vice Chairman emphasized the scheme's significance for local entrepreneurs, urging them to seize the opportunity to stimulate economic growth and job creation. Interested parties can register for the auction until April 13, showcasing CIDCO's dedication to fostering business growth and economic development in Navi Mumbai.Read more

PNT Reporter

The Panvel Municipal Corporation has amassed INR 283 crore in property taxes this fiscal year, with a total of INR 569 crore collected till March 2nd week. With the fiscal year concluding in two weeks, further increments are anticipated. This achievement accompanies the corporation's record-breaking single-day collection of over INR 2.25 crore. Proactive measures, including issuing pre-seizure notices to property owners and establishing nine recovery units, underscore the corporation's dedication to effective governance and financial integrity.Read more

Vijay Jeswani Builders & Developers present 'Parivaramm,' an upscale residential project in Vavandhal near Panvel. Parivaramm offers luxury and affordability with amenities like a clubhouse and premium elevations. Strategically located at Chowk Junction, Vavandhal, near the National Highway, the project benefits from Panvel's infrastructure development and connectivity, promising good returns. Parivaramm provides a range of housing options from Studio Apartments to 2BHK residences, with prices starting attractively. Exclusive booking deals, including incentives like scooters and modular kitchens, add to its appeal. Possession is scheduled for March 2024.Read more

Real estate giant Arihant Superstructures Limited is diversifying into hospitality with its project "World Villas," spanning 30 lakh sq. ft near Mumbai Trans Harbour Link and Navi Mumbai International Airport with an estimated revenue of Rs 3000 crore. With a focus on the Panvel area, the project includes a 221-key hotel, a sports club, and a gymkhana on 10.5 acres. The company aims for a diverse revenue stream, including membership fees, and plans for weddings, events, and accommodation in the hotel. This Rs 250 crore investment aligns with Arihant's commitment to meeting evolving customer needs. The trend of real estate giants diversifying into the hospitality sector is expected to continue growing due to rising demand and industry partnerships.Read more

The Bombay High Court has granted permission for the City and Industrial Development Corporation (CIDCO) to clear 3,728 mangroves, enabling the construction of the 5.8 km Ulwe Coastal Road connecting the Mumbai Trans Harbour Link (MTHL) to Navi Mumbai and the upcoming Navi Mumbai International Airport. The decision followed CIDCO's adherence to environmental clearances, including compensatory plantations. While acknowledging the importance of the project, the court urged expeditious compensation processes for affected parties under the 2013 Act.Read more

Approximately 100 residents of the Indiabulls Greens complex near Panvel staged a protest, demanding essential amenities promised by the developer. In 18 towering buildings with 3,200 flats, residents displayed placards with slogans against Indiabulls' management. Alleging non-compliance with agreements made during possession in 2017, residents paid Rs 2 lakh each for basic amenities like water supply, clubhouse, and indoor games. Threatening a criminal case for cheating, they gave the developer a week to address concerns. The Indiabulls Sangharsh Samiti initiated protests since May 2023, with residents expressing resolve to continue until basic amenities are provided. Tensions rise amid water issues and unfulfilled promises.Read more

Arihant Superstructures Limited has revealed plans for a new Low-rise township project covering 118 acres near Panvel, Navi Mumbai. The project, acquired through outright purchase and Joint-Venture transactions, holds a development potential of 2 million sq. ft. Situated close to Chowk Railway Station, integral to the Panvel-Karjat Railway Corridor, it expands the company's land bank to over 335 acres. The strategic location aligns with Navi Mumbai International Airport & MTHL developments, totaling a gross potential of 12 million sq. ft. The due diligence process is underway, targeting completion within six months, as the company reports substantial revenue growth in FY23.Read more

Kharghar, situated in Navi Mumbai, is a rapidly developing residential and commercial hub known for its well-planned infrastructure, modern amenities, and green spaces. In November, the real estate landscape in Kharghar witnessed 35 apartment transactions across 14 different buildings, with Developer Sales dominating the market. Notable projects like Mahaavir Exotique and Sai World Empire led in terms of deals, with Sai World Empire achieving the highest-priced and largest carpet area apartment at Rs. 2.17 Crores for 1,058 square feet. The rate per square foot ranged from Rs. 7,770 to Rs. 33,600, with a weighted average rate of Rs. 13,500. Kharghar remains an affordable and thriving locality, with more than 60% of flats sold below Rs. 1 Crore.Read more

Panvel Municipal Corporation (PMC) is intensifying property tax collection efforts by deploying 10 teams to issue pre-seizure notices to the highest defaulters within its jurisdiction. This expansion follows instructions from PMC's civic chief, Ganesh Deshmukh, with additional staff appointed since November 1 for this purpose. PMC issued notices to 750 defaulters, including 100 industrial, 301 residential, and 349 commercial properties across Kharghar, Kalamboli, Kamothe, and Panvel. Defaulters may face property attachment and future auctions if they don't settle their tax dues. The current fiscal year has already seen substantial tax collection, with Rs 210 crores collected by November 1, incentivized by a 2% monthly penalty for non-payment and a 2% online payment discount.Read more

The Panvel Municipal Corporation is proactively addressing property tax defaulters, serving pre-seizure notices to 750 individuals. These include owners of 100 industrial, 301 residential, and 349 commercial properties. The corporation has recorded its highest-ever property tax collection of Rs 200 crore in a six-month period. To encourage compliance, a 2% discount is offered for online payments via the 'PMCTAX APP.' Deputy Municipal Commissioner Ganesh Shete emphasizes including the property ID in property transactions. Teams responsible for issuing notices to high defaulters will be expanded, and the Superintendent of Taxes will lead a mobile number update initiative for seamless property tax transactions.Read more

In August, the Pioneer Cooperative Housing Society (CHS) located in Panvel, India, lodged a formal complaint with the local police, bringing to light a disturbing incident. They revealed that an astonishing six out of their ten flats had been fraudulently sold and registered without their knowledge or consent. This shocking revelation uncovered a major property scam, totalling a significant value of Rs 4 crore. The authorities have been diligently investigating the matter for the past two months. Recently, a prominent Mumbai builder has been apprehended in connection with this alleged scam.Read more

Panvel, situated in Maharashtra's Raigad district, is emerging as a prime residential and commercial hub within the Mumbai Metropolitan Region (MMR). Its proximity to the proposed Navi Mumbai International Airport fuels its growth. With well-planned infrastructure, educational institutions, healthcare facilities, and excellent connectivity via road and rail networks, Pavel attracts residents from diverse backgrounds. In a bustling week from September 18 to 24, 2023, the real estate market saw 24 transactions. Notable projects like Hiranandani Fortune City Phase 1 and Wadhwa Wise City led the way. The area offers a range of affordable housing options, making it appealing to first-time buyers.Read more