Property Rates in Old Panvel, Navi Mumbai

Old Panvel's property market continues to evolve as a key residential hub within Navi Mumbai, currently showcasing an average asking price of ₹12,538 per sq ft. Over the past year, property rates in Old Panvel have seen varied movements, starting at ₹12,602 per sq ft in March 2025 and peaking at ₹13,269 per sq ft in June 2025, before settling at ₹13,194 per sq ft by December 2025, indicating a resilient market. While Old Panvel commands a strong position, neighboring areas like Khanda Colony and New Panvel Sector 17 exhibit higher average rates, reaching up to ₹17,768 and ₹16,304 per sq ft respectively, offering diverse price points across the broader micromarket. The market is predominantly characterized by apartment offerings, which, despite a 4.97% decline in average price, remain the primary property type. A substantial supply of 'Ready To Move' units, totaling 125, is available at an average of ₹8,841 per sq ft, while the 'Under Construction' segment, with 52 units, shows a robust 9.56% price increase to ₹10,365 per sq ft. The registration data highlights a vibrant market, with 760 transactions amounting to ₹386 Cr, and an average registered rate of ₹10,950 per sq ft from April 2025 to March 2026. Developers like Shree Chinmay Gaurang Infrastructure and National are leading in transaction volumes, while projects such as Kalpataru Riverside and Godrej Sky Garden are prominent in both transaction count and value generation, underscoring strong buyer confidence in specific developments.