Indiabulls Park 5: A New Commercial Development in Panvel

Indiabulls Park 5, a new commercial project by Lucina Land Development Limited, is poised to redefine the commercial landscape of Panvel, Maharashtra. Located strategically on Sawale Apte Road, this project promises a prime location with easy accessibility. The project boasts a total plot area of 1466 sq mts and a sanctioned FSI of 2305, allowing for ample space to develop a thriving commercial complex.

Spanning across two buildings with 14 sanctioned floors each, Indiabulls Park 5 offers a diverse range of commercial units including shops and other commercial spaces ranging from 887 sq ft to 2236 sq ft. The project features an impressive 8 podiums and 2 stilts, providing ample parking facilities and a luxurious feel.

While the project is still in its initial stages, the proposed date of completion is set for June 30, 2026. However, it is important to note that the project has been embroiled in legal disputes, which may impact the project’s timeline and overall progress.

Key Project Highlights:

• Prime Location: Situated on Sawale Apte Road, Panvel, offering easy accessibility.
• Spacious Units: Units ranging from 887 sq ft to 2236 sq ft, catering to a variety of commercial needs.
• Modern Amenities: 8 podiums and 2 stilts provide ample parking facilities and a luxurious feel.
• Lucrative Investment Opportunity: Commercial spaces in Panvel are experiencing significant growth potential.

Cautions to Consider:

• Ongoing Litigation: The project is currently facing legal challenges, which could impact its completion timeline and overall progress.
• Lack of Recreational Space: The project plan does not include any recreational open space.

Indiabulls Park 5 presents a promising opportunity for businesses looking to establish themselves in a prime location with ample space and modern amenities. However, potential investors should be aware of the existing litigation and the absence of recreational space in the project.

This essay serves as an introduction to the project. For a comprehensive understanding of the project, potential investors should review all available information, including the RERA registration details, legal documents, and project plans, before making any investment decisions.