PANVEL

MICRO-MARKET TRACKER HOME IQ

RERA
ANALYTICS

HOUSING PRICE TRENDS

9,917
8,439
10,331 10,332

7,598
2015 2016 2017 2018 2019

Avg. House Prices in INR per sqft on carpet (Registration Data)

Source: CRE Matrix Home IQ

One of the most densely populated areas of Raigad, Panvel is

the only micro-market in India which is close to a large sea port
and will be home to an International Airport. Also, its
connectivity to key employment hubs such as CBD Belapur,
Ghansoli, Airoli etc. makes it an attractive realty hotspot. Social
infrastructure in Panvel boasts popular malls such as Orion,
Seawoods Grand Central etc. along with quality hospitals and
schools. Close proximity to Mumbai Pune expressway, NH-48,
Panvel Railway station have resulted in the locality witnessing a
rapid increase in prices of 8% on a CAGR basis, since 2015. The
micro-market has also attracted developers as the area is
relatively more spacious and has a lush green natural backdrop
for potential high-rises.

HOUSING LAUNCHES & SALES

Launches Bookings
5,075
4,517
2,851 3,160 3,462
PANVEL
1,371 2,308 646
1,307
591 838 777
299 462

2Q 18 3Q 18 4Q 18 1Q 19 2Q 19 3Q 19 4Q 19

Source: CRE Matrix RERA Analytics

While Panvel has witnessed a consistent increase in bookings

activity every quarter, barring 2Q 19 and 4Q 2019, launches
have started declining over the last 2 quarters. Booking to
launch ratio over the last 6 quarters has been recorded at 0.3.

1203, 12th Floor, Copyright © 2018 CRE Matrix

www.crematrix.com
Lodha Supremus Information and data within this report were obtained from sources deemed to be reliable. No warranty or
info@crematrix.com representation is made to guarantee its accuracy. No responsibility is assumed for any inaccuracies.
Saki Vihar Rd, Powai +91 98203 12065
Mumbai 400072 Readers are encouraged to consult their professional advisors prior to acting on any of the material
contained in this report
 PANVEL
MICRO-MARKET TRACKER HOME IQ
RERA
ANALYTICS

LAUNCHES & SALES BY TYPOLOGY

Outer Circle – Bookings

Inner Circle - Launches
Studio Top Selling Projects in Panvel
1,780
3,238
Wadhwa - Wise City
3,238 9,941 1 BHK
Godrej – Golf Meadows
22,181 Marathon - Nexzone
Kalpataru - Waterfront
11,042 2 BHK Paradise - Sai World City
28,402
12,220
Arihant Clan - Aalishan
Simran – Uptown Avenue
3 BHK
Persipina - Venus
Source: CRE Matrix RERA Analytics Neel Sidhi - Infinity
Swaraj - Avante

1 & 2 BHK constitute more than 80% of total launches and sales
in the locality. Developers have banked on demand from
adjacent IT hubs which has led to most projects launching
smaller sized units.

HOUSING COMPLETIONS & INVENTORY

Unsold
PANVEL
Sold
7,699
5,570
3,126 6,835
3,462 825
4,218
5,589
4,034 4,768 3,448 3,811 2,831 2,240 224 2,821
2,099
305
218
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027

Source: CRE Matrix RERA Analytics

A strong preference for completed projects is visible in the

booking trends as buyers have preferred quality developers
with a strong track record. Interestingly, % bookings in projects
to be delivered in 2026 and 2027 is higher than those to be
delivered through 2020 - 2025 as buyers / investors seem to be
timing their purchase with the airport completion.

1203, 12th Floor, Copyright © 2018 CRE Matrix

www.crematrix.com
Lodha Supremus Information and data within this report were obtained from sources deemed to be reliable. No warranty or
info@crematrix.com representation is made to guarantee its accuracy. No responsibility is assumed for any inaccuracies.
Saki Vihar Rd, Powai +91 98203 12065
Mumbai 400072 Readers are encouraged to consult their professional advisors prior to acting on any of the material
contained in this report