National News

Navi Mumbai Airport Growth Boosts Panvel Real Estate

The inauguration of the Navi Mumbai International Airport (NMIA) and associated infrastructure like the Mumbai Trans Harbour Link (MTHL) have transformed Panvel into one of India’s most lucrative real estate corridors. Housing prices have surged by approximately (\approx 50\% \text{ to } 74\%), cementing it as a prime destination for both investors and homebuyers.

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Panvel Included in India’s Expanding Municipal Bond Market

Panvel is among nearly a dozen Indian cities preparing to issue maiden municipal bonds to fund essential urban infrastructure. The Panvel City Municipal Corporation (PCMC) is raising the capital—targeting a yet-to-be-finalized quantum—as part of a broader drive by the Maharashtra state government to raise at least 33 billion rupees.

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