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The Real Estate (Regulation and Development) Act, 2016 is Act of the Parliament of India which seeks to protect buyers as well as help boost investments in the real estate industry. The Act came into force from 1 May 2016.

Sion Panvel Highway-Nerul is a residential corridor in Navi Mumbai bordering Shiravane and Juinagar. The pin code of Sion Panvel Highway-Nerul is 400706. This area houses college students and working professionals near the massive D Y Patil Stadium landmark. Families send children to Apeejay School and access medical care at D Y Patil Hospital. Belapur CBD Metro Station on Line 1 is located 5 km away from this highway stretch. Sion-Panvel Expressway links residents to Nerul Railway Station within a 10-minute drive. Average property rates range from Rs. 12,000 to Rs. 18,000 per sq ft. Multi-storey apartments dominate the market, driven by local educational institutions and corporate offices.
| Locality | Property Price per sq ft* |
|---|---|
| Sion Panvel Highway-Nerul mumbai | Rs. 12,000 to Rs. 18,000 |
| Configuration | Average Rental Rate* |
|---|---|
| 1 BHK for rent | Rs. 18,000 to Rs. 25,000 |
| 2 BHK for rent | Rs. 26,000 to Rs. 35,000 |
| 3 BHK for rent | Rs. 36,000 to Rs. 45,000 |
Sion Panvel Highway-Nerul serves as a prominent residential corridor in Navi Mumbai. The area experienced a recent market correction. Property sale values showed a depreciation of 24.4% over the past year. Buyers can find apartments priced between Rs. 12,000 and Rs. 18,000 per sq ft. Meanwhile, the rental market witnessed a decline of 16.7% in median rates. Monthly rents for residential units range from Rs. 18,000 to Rs. 45,000. This pricing shift attracts budget-conscious tenants and long-term investors. They seek value near major educational institutions and corporate offices. (* As of August 22, 2026)
Here are some of the important landmarks holding historical and cultural importance:
D Y Patil Sports Stadium is a prominent landmark in Sion Panvel Highway-Nerul. Some more include:
Sion Panvel Highway-Nerul is well-connected through Sion-Panvel Expressway and the following roads:
Belapur CBD Metro Station on the Line 1 is the closest public transit option, located 5 km away. Some more include:
The nearest railway station and airport are Nerul Railway Station, which is located 2 km away, and others:
Sion Panvel Highway-Nerul is well-equipped with numerous top educational institutions, such as Apeejay School - Nerul and St. Xavier's High School & Junior College, along with:
Some reputed healthcare places near Sion Panvel Highway-Nerul include D Y Patil Hospital, and others:
You can access Seawoods Grand Central Mall and Inorbit Mall Vashi easily from Sion Panvel Highway-Nerul mumbai. Some more include:
These localities are located around Sion Panvel Highway-Nerul:
Here are some of the major employment centres near Sion Panvel Highway-Nerul:
The popular landmarks within Sion Panvel Highway-Nerul are:


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Today Prachar Homes LLP has been been one of the most premium real estate developer in India since its inception. It has firmly established itself as one of the leading and successful developers of real estate in India by imprinting its mark across all the classes. With years of market experience and a rich bag of clients, it has provided its customers a rich living experience with the best housing infrastructure.
