Property Rates in Panvel, Navi Mumbai

Property prices in Panvel have shown an upward trend over the last year. From June 2025 to March 2026, the average micromarket rate increased from ₹11,057 per sq ft to ₹15,074 per sq ft. This growth trajectory, particularly the jump from ₹11,460 per sq ft in December 2025 to ₹15,074 per sq ft in March 2026, suggests increasing demand and potentially a strengthening market.

As of March 2026, the average asking price in Panvel is ₹15,074 per sq ft, while the Government Registration Rate is approximately ₹11,450 per sq ft based on the data for May 2025 to April 2026. This difference suggests that actual transaction values might be higher than the officially registered rates, a common scenario in developing real estate markets.

Property prices vary significantly across neighborhoods in Panvel. As of March 2026, Sector 10b Ulwe has the highest average rate at ₹20,000 per sq ft, showing no change from the previous period. In contrast, Ulwe Sector 20, while experiencing a 16.49% appreciation to ₹14,332 per sq ft, is priced lower than Sector 10b Ulwe. Poyanje has seen a depreciation of 4.98% to ₹14,881 per sq ft, and Ulwe Sector 21 depreciated by 8.22% to ₹14,430 per sq ft, highlighting diverse market dynamics within the broader Panvel region.

In Panvel, as of March 2026, apartments have an average price of ₹15,074 per sq ft, showing a 1.98% appreciation. Office spaces are considerably higher at ₹30,206 per sq ft, with a 5.36% increase. Shops are priced at ₹18,368 per sq ft, but have seen a significant depreciation of 12.23%. Villas are the most affordable among these types, averaging ₹5,888 per sq ft, with a depreciation of 4.03%.

In Panvel, as of March 2026, property prices vary by construction status. 'Ready To Move' properties are priced at ₹10,158 per sq ft, having depreciated by 4.23%. 'Under Construction' properties are slightly higher at ₹10,167 per sq ft, with a 2.7% appreciation. 'New Launch' properties are priced at ₹10,009 per sq ft, showing a modest appreciation of 0.66%. Properties in 'Mid Stage' are priced at ₹11,309 per sq ft, with a slight appreciation of 0.44%.

As of March 2026, Indiabulls Greens in Kon has recorded the highest number of transactions with 15 units, and its current rate is ₹9,208 per sq ft, appreciating by 3.68%. Harshraj Gauri Shankar Corner in Taloje Majkur also saw 15 transactions, with a current rate of ₹7,648 per sq ft, experiencing a slight depreciation of 0.19%. Vishesh Balaji Symphony in Shilottar Raichur had 14 transactions, with its rate at ₹13,989 per sq ft, appreciating by 11.86%.

As of March 2026, the projects with the highest listing rates in Panvel include Atlantic Infinity in Ulwe Sector 5, listed at ₹27,397 per sq ft with no change. Riddhi Siddhi CHS in New Panvel is listed at ₹24,742 per sq ft, showing a 7.15% increase. Swastik Cooperative Housing Society in Ulwe Sector 19 is listed at ₹24,153 per sq ft, with an 8.74% appreciation.

As of March 2026, Vishesh Balaji Symphony in Shilottar Raichur leads in transaction value with ₹11.21 Cr, its rate being ₹13,989 per sq ft and appreciating by 11.86%. Indiabulls Greens in Kon follows with ₹10 Cr, priced at ₹9,208 per sq ft and appreciating by 3.68%. Hiranandani Fortune City in Bhokarpada ranks third with ₹9.89 Cr, its rate at ₹14,986 per sq ft, having depreciated by 2.41%.

As of March 2026, Arihant Superstructures Ltd leads in transaction volume with 17 transactions. Harshraj Builders And Developers and Indiabulls follow closely with 15 transactions each. Vishesh Group has recorded 14 transactions, while Marathon and Neelsidhi have each seen 12 transactions.

As of March 2026, Vishesh Group has generated the highest transaction value in Panvel, amounting to ₹11.21 Cr from 14 transactions. Paradise follows with ₹10.7 Cr from 7 transactions, and Indiabulls has achieved ₹10 Cr from 15 transactions. Hiranandani has recorded ₹9.89 Cr from 11 transactions, and Arihant Superstructures Ltd has ₹9.47 Cr from 17 transactions.

As of March 2026, the average rental rate in Panvel is ₹34 per sq ft, with an average monthly rent of ₹15,556 for a 1 BHK apartment. The rental yield stands at 2.71%. This yield indicates the potential return on investment for property owners through rental income relative to the property's capital value.

Rental rates in Panvel show considerable variation by locality. As of March 2026, Taloja Panchanand commands the highest average rental rate at ₹46 per sq ft, with no change in the past period. Sector 6 Ulwe follows at ₹43 per sq ft, also with stable rates. Ulwe Sector 3 and Taloja both show an average rental rate of ₹37 per sq ft, with Ulwe Sector 3 appreciating by 5.71%. Ulwe Sector 18 has seen a significant depreciation of 18.18%, with its average rental rate at ₹36 per sq ft.

In Panvel, as of March 2026, rental rates for apartments vary by BHK configuration. A 1 BHK apartment averages ₹15,556 per month. For a 2 BHK, the average rental rate increases to ₹24,730 per month. The highest demand is seen for 3 BHK apartments, with an average rental rate of ₹40,400 per month, indicating a preference for larger units among renters.

As of March 2026, Gurbani Signature in Ulwe Sector 19 offers the highest rental rate at ₹59 per sq ft. Sonal Yogi Krishna in Ulwe is next, with a rental rate of ₹56 per sq ft. Gurukrupa Aramus Complex, also in Ulwe, is listed at ₹52 per sq ft. These projects are likely premium offerings commanding higher rents due to their location, amenities, or specific unit features.