Panchratna Apartments and Owner AssociationNerul, Navi Mumbai

Nerul is a major residential area in Navi Mumbai and is dotted with several mid range and premium projects. There are several well occupied and advanced stage projects in the area and 2 and 3 BHK housing units are predominantly available here. Leading developers like The Wadhwa, Sai Developers and others are highly active in the area. Nerul is a major commercial and residential zone and has more than 50 sectors. It is divided into east and west and is one of the best developed zones in New Mumbai along with Seawoods-Dharave and Vashi. Nerul has two railway stations in close proximity, namely the Seawoods-Dharave railway station and Nerul railway station. Demand for property in Nerul has gone up with improved connectivity to several parts of Navi Mumbai and Mumbai alike.The Sion-Panvel Highway and Palm Beach Road are major thoroughfares passing through Nerul. The township is well planned and easier to navigate, thereby minimizing traffic hassles. There are wide internal roads available here as well. Public transport facilities like BEST and NMMT buses and auto rickshaws are easily available in the area. Several areas in Navi Mumbai are well connected to Nerul. Leading educational institutions like the Delhi Public School, Don Bosco Senior Secondary School, DY Patil International School, DY Patil Colleges of tourism, hospitality, law, nursing, Ayurveda, medicine, polytechnic, education, architecture and dental and the SIES Graduate School of Technology and College of Management Studies are present in and around the area.Other reputed educational institutions include the Academy of Art & Design, Sterling Institute of Management Studies, Apeejay School, St Augustine’s High School, Podar International School, St Xavier’s High School and Junior College of Science, Ryan International School, SBOA School, Tilak Public School, Institute of Marine Engineers and SIES School of Packaging are located in the area to name a few. Leading hospitals like the Sanjivani Hospital, Deb Hospital, Surya Hospital, Apollo Hospital, Harish Hospital, Dr. Sonawane’s Hospital, Raj Hospital, Arihant Hospital and Terna Sahyadri Hospital and Research Centre are located in and around the area.The area is home to several gardens including the Rock Garden, Safal Park Gardens, Wonders-Park amusement park, Mother Teresa Garden and others. There are several restaurants and hangouts in the area including the Navratna Restaurant, Barbeque Nation, Dosa Plaza, Ribbons & Balloons, Baker Street, Baskin Robbins, Café Coffee Day, Tender Fresh, Domino’s, KFC, McDonald’s and Pizza Hut. The DY Patil Stadium is located near the area while the Nerul Gymkhana is another major hub for sporting and fitness facilities. The upcoming golf course is a major attraction in Nerul as well. Property prices have gone up by approximately 6.61% in the area as per Q3 2015 and average prices stand at around INR 12, 610 per sq. ft. for the same period here. Popular projects include The Wadhwa Palm Beach Residency, Akshar Siddhi Heights, Akshar El Castillo, National Sea Queen Excellency, Meridian Fountain Head Mystic and Meridian Homes Meadow to name a few.