Indiabulls Park 1: A Residential Development in Panvel

Indiabulls Park 1, registered with MahaRERA under ID P52000000709, is a sprawling residential project located in the burgeoning locality of Panvel, Raigarh district, Maharashtra. Developed by Lucina Land Development Limited, the project is currently under construction and was initially slated for completion in August 2021. However, the revised completion date has been pushed to March 2024. Despite this delay, Indiabulls Park 1 continues to attract significant interest due to its strategic location and the comprehensive amenities it offers.

Spanning a total plot area of 2399 square meters, the project comprises three sanctioned buildings, each rising to a height of 114 floors. The design incorporates three plinth floors, 15 podiums, and three stilts, providing ample space for both residential and recreational purposes. The project boasts a generous 5094 square meters of recreational open space, designed to cater to the needs of its residents.

Indiabulls Park 1 offers a diverse range of unit options to suit various lifestyles and budgets. The project houses 216 units of 1BHK apartments ranging from 475 square feet, and a substantial 588 units of 2BHK apartments ranging from 602 to 766 square feet. The project is well-connected to the surrounding areas through Sawala Apta Road and benefits from its proximity to the bustling Panvel locality.

While the project faces legal challenges, Indiabulls Park 1 presents a unique opportunity for potential homebuyers seeking a spacious and well-equipped residential development in a rapidly developing region. The project’s strategic location, extensive amenities, and diverse unit options make it an attractive investment proposition. However, potential buyers are advised to conduct thorough due diligence, considering the ongoing legal issues and the revised completion date, before making an informed decision.