New Panvel's town planning scheme is focused on creating a well-structured and sustainable urban environment. Here are some key details:
Development Plan
The Panvel Municipal Corporation (PMC) has unveiled a revised and comprehensive draft Development Plan (DP) under the Maharashtra Regional & Town Planning Act, 1966. This plan is available for public review and feedback.¹
Key Features
- *Regional Context*: The plan considers the regional context, existing situation analysis, and Aeropolis vision and concept.
- *Road Network and Zoning Proposals*: The plan includes proposals for road networks and zoning to ensure organized growth.
- *Infrastructure and Compensation Costing*: The plan outlines infrastructure development and compensation costing.
- *Valuation*: The plan includes valuation of properties and lands.
Upcoming Projects
Some upcoming projects in New Panvel include² ³:
- *Residential Projects*: Various residential projects are under construction or proposed, with prices ranging from ₹35 lakhs to ₹1.3 crore for 1-3 BHK flats.
- *Plotted Development*: Projects like Wadhwa Wise City RZ 02 offer plotted development options with prices ranging from ₹85 lakhs to ₹3.22 crore.
Infrastructure Development
New Panvel is expected to benefit from upcoming infrastructure projects, including⁴:
- *Navi Mumbai International Airport*: Expected to be completed by late 2024/early 2025.
- *Metro Connectivity*: Line 1 is partially operational, and Lines 2 and 3 are expected to be completed by 2025-2026.
- *Highway Development*: The Mumbai Trans Harbour Sea Link (MTHL) and Mumbai-Pune Expressway will enhance connectivity.
Costs and Fees
Some costs associated with buying property in New Panvel include:
- *Registration Fees*: 0.1% to 1% of the property value.
- *Stamp Duty*: Around 5% of the property value.
- *Maintenance Costs*: Varying costs for maintenance and upkeep...
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