NAVI MUMBAI, APRIL 18, 2016: In the new fiscal, indications are that Navi Mumbai, especially the Panvel region, will attract attention from Mumbai-based Corporate Entities who would be looking out for commercial real estate which offers large floor plates and global standards of amenities and facilities. The new trend of consolidation and re-location is expected to drive interest in new developments which integrate residential and commercial real estate. Across Mumbai and the Mumbai Metropolitan Region (MMR), most of the larger spaces available are located on the highways leading out from Panvel. One such upcoming integrated township, Hiranandani Fortune City, Panvel, bears the Hiranandani stamp.
One of India’s leading real estate brands, Hiranandani, has continually pioneered newer technologies, bold design and precision engineering to create landmark residential townships and commercial complexes, and the one at Panvel promises to be no different. “Hiranandani Business Park @ Hiranandani Fortune City, Panvel (HBP@HFC, Panvel) will conceptualize a work culture that will go beyond just business,” said Niranjan Hiranandani, MD, Hiranandani Communities. “A recent real estate research report suggests that the quantum of commercial space being built at HBP @ HFC, Panvel is the single largest chunk of under construction commercial real estate in the Mumbai Metropolitan Region (MMR),” he added.
The location of HBP @ HFC Panvel has its plus points, which is enhanced by the major infrastructure projects for which clearances or granting of pending permissions have been announced. Road-Rail-Air-Sea, projects on all four means of transport are on the ‘fast track’ and will have a positive impact, be it the trans-harbour sealink, the Navi Mumbai airport, the railway terminus at Panvel, the upgrading of the Sion-Panvel expressway or even the expansion at JNPT – there is a lot of positive sentiment growing about commercial real estate in the Panvel region. The Trans-Harbour Sealink will bring Panvel and its neighbouring areas closer to South Mumbai, making the ideal location for work spaces, back-end offices as also spaces for BFSI, IT and ITeS sectors, as also corporate relocating and consolidating office spaces.
The corporate entities and businessmen who have evaluated Panvel as the preferred choice of business are making the ‘smart choice’, given that the area will get the advantage of being located near the upcoming Smart City. Large corporate, MNC’s and business houses are among the far-sighted ones who are looking at work spaces that incorporate proximity to nature as also living in a luxurious integrated township. A destination well planned for work spaces, HBP, Panvel will be situated ideally in the midst of verdant greenery. Being a part of HFC, HBP Panvel will be in a neighborhood where shopping and entertainment will co-exist; providing a complete and constructive work ambience.
HBP @ HFC, Panvel is located amidst green environs, ensuring that one can work in harmony with nature. Corporate entities like Deloitte, Nomura, J. P. Morgan, Credit Suisse, HSBC, HDFC and ICICI have already embraced this work culture within the Hiranandani Business Parks situated in Powai and Thane. The HBP in Panvel, given its special SEZ status, will ensure that corporate entities that set up work spaces within will enjoy a host of tax benefits. Edinburgh and Newcastle are the first commercial offerings at HBP, Panvel. These offer a host of amenities like high-speed elevators, a grand entrance lobby and 3 levels of parking. Within a short time, these towers will be ready for fit-out possession. Offering modern luxuries while being surrounded by picturesque hills, they make for the perfect office space located at the heart of nature.
HBP @ HFC, Panvel will be home to some of India’s most acclaimed and the world’s most revered corporations, and its breathtaking ambience will give panache to the location as a business address. The focus on creating the ‘green township’ HFC, Panvel with HBP being the commercial real estate segment within will help usher in an era highlighted by a higher standard of living and influenced by global trends. “HBP @ HFC, Panvel will leverage futuristic technology, innovative design and precision engineering to create world-class commercial spaces set within green, mixed-use townships,” concluded Niranjan Hiranandani.