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Badlapur Overview
Panvel Overview
  • Badlapur Overview

    Badlapur is a developing city in Thane district, it is a part of the Mumbai Metropolitan Region.

    Due to the population growth in the nearby cities, people working in Mumbai have moved to Badlapur for a number of socioeconomic reasons.

    The town is in close proximity to Mumbai by the central railway, one of the two nationally owned operating companies that form the Mumbai suburban railway and that developed the city near the Badlapur railway station faster than actual Badlapur village.

    Badlapur city encompasses the old Badlapur village, Kulgaon, Manjarli, Belavali, Katrap and many other small villages.

    The town is well connected to the Mumbai-Pune Expressway.

     



    • Tulsi City


    Real Estate Prices in Badlapur over the years (In INR)


    Economy

    MIDC has developed an industrial area within the limits of Kulgaon Badlapur Municipal Council. This area is reserved primarily for chemical industries. The area has been developed in different blocks and carved out while keeping in mind the needs of small scale and large scale industries. This has stimulated the economic growth of the city.

    The majority of the city population is working middle class. Some people are also dependent on farming as a primary source of income.

    There are branches of many national banks including State Bank of India, Bank of Maharashtra, Canara Bank, Axis Bank, Punjab National Bank, IDBI Bank, Bank of Baroda Bank of India and HDFC Bank. Five major banks, UTI Bank which is now renamed as Axis Bank, State Bank of India, Union Bank of India, Canara Bank, ICICI Bank,Central Bank of India and HDFC Bank are operating ATM facilities, providing access to all major cardholders. ICICI Bank operates its ATM from West at Deodhar Market and from East on D.P.Road.

    Recently the place has made headlines in the news due to the steepest hikes in real estate properties in the locality. The reason find its root to an incident happened in 2011 when Sivarama Krishna K, the lion of Venukonda booked an apartment in the locality followed by many noted personalities including filmstars like Mahesh Babu have shown interests in buying properties there in the vicinity of Sivaram's apartment in the lap of scenic Ulhas River valley.

    Educational Institutes

    The city is famous for education. Many students from the city have been listed in SSC, HSC merit lists.

    The city has 15+ fine schools in Marathi and English medium of teaching.

    There are two colleges which are affiliated to University of Mumbai.

    Recently, Badlapur has an engineering college, Lilavati Awhad Institute of Technology, at Kanhor village, Badlapur West


    Investment

    Badlapur - a gold mine for investors

    The Badlapur area has emerged as a preferred investment destination & an ideal vacation home.

    Badlapur close proximity to Mumbai and upcoming infrastructure projects has ignited strong interest in property in and around Badlapur.

    The recently sanctioned SEZ plan in Raigad district is great news to all investors in & around Badlapur.

    The new road links planned, including the Panvel-Neral-Chakan will reduce the distance to Badlapur from 75 kms now to barely 40 kms within the next 3-4 years, thereby reducing travel time to less than an hour.

     

    Planned infrastructure projects in the vicinity like

    Planned infrastructure projects in the vicinity like

    International airport at Panvel.

    Rewas-Aware Port and Mumbai-Pune expressway have also served to heighten interest in Badlapur as a Residential real estate destination.

     

    In view of all these factors, it would not be unrealistic to expect a great appreciation in real estate valuations in the Badlapur region over the next 4-5 years.


    Badlapur Future Development Plans

    Roads

    The Panvel-Neral-Chakan link road will reduce the distance to Badlapur from 75 kms now to barely 40 kms within the next 3-4 years, thereby reducing travel time less than an hour.

    Road nearby 65 km long connecting proposed Mumbai trans-harbour link and Badlapur via Mumbai pune expressway.

    Road 60 km long outer ring road connecting Badlapur and Vasi- Virar.

     

    Railway

    Badlapur is a major rail terminus, connected via local trains to Chhatrapati Shivaji Terminus Mumbai, Khopoli and Panvel.

    Located about halfway between Mumbai and Pune, when travelling by train between the two cities. All long and short distance trains halt here.

    A new broad gauge railway has started between Badlapur and Panvel and harbour railway line now stands extended up to Badlapur.

     

    Other Development

    MMRDA has planned to develop a part of area in Badlapur- Khopoli belt as a Recreational Hub, on horizon are Twenty-20 League grounds, a paint ball park, Theme parks and Amusement parks.

    Prominent International Banks have a presence in the city like.

    White Feather Films is also setting up a new studio here. Hollywood production companies such as Twentieth Century Fox, Walt Disney and Dream Works (with Reliance Big Studio) are setting up mega studios and production facilities here.

    Adlabs Entertainment has started a theme park on the outskirts of Badlapur named as "Adlabs Imagica". The project is located on the Mumbai-Pune Expressway and have a theme park, hotels and a water park.

     

    FDI Inflow

    Old Lane & JM Finance Fund in talks to buy a stake in two realty projects.

    LJCB recently in a separate deal, the Wearlology had entered into an agreement with ISRAEILI developer ALONY HETZ and LJCB investments for the development of another 500 acre.

     


    Real Estate & Residential Overview

    Residential Real Estate

    Badlapur offers good connectivity to Mumbai and Navi Mumbai, has good social infrastructure, offers natural surroundings and hence is seen as an abode of middle and higher middle-income group.

    MMRDA's has big plans for the city. This is pretty evident when you get off the highway and take the left to enter Badlapur. You will notice the change in landscape, with both sides of the road filled with slew of hoardings advertising about residential development projects.

    Badlapur has a fast-escalating real estate appreciation potential and is warming up as a destination for the city dwellers around it, where people invest in properties as holiday home or permanent residence.

    There is a huge requirement for low cost accommodation and a desire among people for affordable houses.

    Prominent International Banks have a presence in the city like IDBI, HDFC & Nationalized Banks. All of this leads to increase attention from property investors who see immense potential for appreciation in real estate valuations in Badlapur.

    With real estate developments catching up, Non-resident Indians (NRIs) are also investing on land/plots in & around Badlapur as they find Badlapur as promising investment opportunity.

     

    Site Analysis

    Why "Raj Group"?

    "Tulsi City" is an upbringing of RAJ GROUP with a vision of making luxurious Township Project in Badlapur. Raj Group has an experience of Two decades into Real Estate Development, with a benchmark of 5 Million Sq.ft. Built-up in Mumbai (MMR) Region.

    The project aims to be amongst the most sought after residential projects in Badlapur.

    Badlapur has a dearth of premium housing and this project envisages catering to this market segment.

    Opportunity to invest into an upscale residential project at Badlapur spread over 10 acres land comprising of 28 Buildings with 700 units (approx) with a product mix of 1 RK, 1 BHK, 1 ½ BHK & 2 BHK.

    Immediacy to the railway station (1 ½ Km) is hugely a beneficial aspect.

    The site is in vicinity to all Socio-Economic infrastructures such as Educational Institutes, Hospitals, Commercial Complexes, Market, Public Transportation etc.

    In the vicinity to all planned Infrastructure developments.

    Project (Site) falls under Municipal development zone.

    The Project has 30 Plus layout amenities.

    The project has all the requisite approvals by the concerned authorities.

     

     

  • Panvel Overview

    Panvel is known as the gateway of Konkan region. Panvel is situated on the banks of Panvel Creek and is the largest city in Raigad district.

    The city is the headquarters of the Panvel sub-division of Raigad district, which is the largest in the district as per number of villages (564) and also Panvel taluka which has 177 villages under it.

    The development authority of Panvel is the Panvel Municipal Council (PMC) and that of New Panvel is City and Industrial Development Corporation (CIDCO). The villages of Panvel come under the purview of Raigad Zilla Parishad.



    • Tulsi Harmony


    Real Estate Prices in Panvel over the years (In INR)


    History

    Panvel is about 300 years old, developed around trade routes (both land and sea), during the Mughal rule and hence after by the Marathas,British and the Portuguese. Once upon a time Panvel was famous for its rice market. Panvel Municipal Council (PMC) was established in the year 1852, and is the oldest municipal council of Maharashtra.

    Panvel Municipal Council's elections started in the year 1910. The first mayor of the PMC was Mr. Yusuf Noor Mohammed Master for the year 1910 - 1916. The sesquicentennial anniversary (150th anniversary) of the PMC was celebrated in the year 2002. The city prospered and grew due to the influence of large scale trade by land and sea.

    This was characterised by the large palace-like homes that came up during the Peshwa period. It is also said that old name of this city was Paneli (Panelim in Konkani). There were historic cannons (during the time of Chhatrapati Shivaji Maharaj) situated on the Panvel port.

    New Panvel

    The recent developments of Panvel are in New Panvel. New Panvel is developed, administered, and maintained by CIDCO. Though residents of New Panvel elect a representative in the Panvel Municipal Council, the Municipal Council does not control or manage any administrative or development activity in New Panvel.

    The development of New Panvel was initiated in 1970 to meet the housing requirements of employees working in the nearby industrial MIDC areas such as Taloja, Rasayani, Patalganga & Pen.

    New Panvel is strategically located on the eastern side of the Mumbai-Bangalore National Highway (NH-4) and the Mumbai-Pune Expressway. It is well connected to rest of India by road and railway.

    New Panvel is divided in two parts – New Panvel East and New Panvel West (commonly known as Khanda Colony). They have 19 and 23 sectors respectively.

    New Panvel is just adjacent to the proposed Navi Mumbai International airport. A Reliance SEZ is also coming up in the vicinity. It has a number of schools, colleges and hospitals to meet the needs of its residents.


    Industries

    Panvel is surrounded by some major Maharashtra Industrial Development Corporation (MIDC) managed regions like Patalganga, Taloja, Nagothane, Roha, Khopoli, Bhiwandi. Some of the Indian industry majors like Larsen & Toubro Limited, Reliance, Hindustan Organic Chemicals Ltd., ONGC, IPCL are based around Panvel providing mass employment. The JNPT port is also located near Panvel. New SEZ declared by government are coming around Panvel.

    Transport

    Panvel is an important junction point as many major highways meet and pass through the city. The Mumbai-Pune Expressway, Sion-Panvel Expressway, NH 4B and NH 17 start from here while NH 4 passes through Panvel. Roads of New Panvel are maintained by CIDCO while those in old Panvel by PMC. New Panvel, being developed by CIDCO, has well planned and wide lane major roads and even the arterial roads are of two lanes. Old Panvel has relatively less maintained roads which are very congested due to lack of planning on part of the PMC.


    Proposed Navi Mumbai International Airport

    CST to Panvel in just 45 minutes by 2019?

    The Navi Mumbai International Airport, which is to come up around the Panvel-Kopra area, would be built through public-private partnership (PPP) — with private sector partner getting 74% equity while Airport Authority of India (AAI) and Maharashtra government through CIDCO holding 13% each. The International Civil Aviation Organisation (ICAO) has already given techno-feasibility clearance to the Navi Mumbai airport and central cabinet has cleared it. The project is at global tendering stage.

     

    Bus

    There are two main bus stands in Panvel - ST stand on the national highway & NMMT stand near railway station. The ST buses are available from Panvel to Thane, Bhiwandi, Kalyan, Dombivli, Badlapur, Dadar, Uran as well as beyond city. NMMT buses are available from Panvel to Thane and Vashi. NMMT buses are available from Panvel to Dadar.

     

     

     

    Railway

    Panvel railway station is one of the most important junctions on the Konkan Railway. Harbour line from Mumbai CST, central line from Diva / Karjat, western freight corridor from JNPT and the konkan railway line from Mangalore meet at Panvel. Panvel railway station comes under Mumbai division of central railway. Panvel is the terminating station of Mumbai railway's harbour line. Also, Konkan railway connecting Mumbai to south India passes through Panvel. Platforms 1,2,3 & 4 are for suburban trains while platforms 5,6 & 7 are for main line trains. 9 pairs of daily express trains, 13 pairs of non-daily express trains and 12 daily commuter (passenger) trains stop here. Also, the Ernakulam-Nizamuddin Duronto has a technical halt at Panvel for crew change, refueling and catering. In addition, Panvel handles 116 suburban trains which go to destinations Mumbai CST, Wadala Road, Andheri and Thane. The station also handles a sizeable amount of freight trains. Panvel is a very major station and is considered equivalent to Mumbai for trains which skip Mumbai. The trains run on diesel traction and alternating current (the tracks to konkan are not electrified south of Panvel), and Panvel is a refueling point for their locomotives. In addition to refueling, Panvel has a huge number of parcel bookings, and most trains stop for periods varying from 5 minutes to 20 minutes for technical purposes. Panvel also handles crew and locomotive change for long distance passenger / freight trains.

     

    CST to Panvel in just 45 minutes by 2019?

    MUMBAI: The techno-economic feasibility study for the Chhatrapati Shivaji Terminus-Panvel high-speed corridor has pegged the project's cost at Rs 11,000 crore. It has recommended 9-car services for the corridor and a travel time of 45 minutes by 2019, as against the present 77 minutes.

    Rail India Technical and Economic Services Limited (RITES) presented an interim report to the Mumbai Rail Vikas Corporation (MRVC), which will execute the project in association with the state government through a public private partnership. The corridor will establish rail connectivity between South Mumbai and the Navi Mumbai international airport.

    The consultant has recommended halts at 10 destinations , including Navi Mumbai airport. A senior MRVC official said, "It will halt at select stations on the Harbour line and can attain a maximum speed of 110 kmph to ensure faster transportation of commuters . Halts have been identified according to the importance of stations or where the interchange facility is available through the rail, metro or mono networks."

     

    Courtesy: The Times Of India