New Panvel is a residential, commercial and educational node of Navi Mumbai, Raigad District, Maharashtra and comes under the Konkan division.

[citation needed] The planned Navi Mumbai International Airport is expected to affect real estate prices in the surrounding area of New Panvel which are under development.

Sector 17 of New Panvel West bound by JNPT bypass and NH-4 alongside Motha Khanda is located near the railway station.

A few residential buildings in New Panvel West come under the "A Type" CIDCO settlements, offer budget housing for lower income groups.

New Panvel (E) also boasts of some good countryside view with the Prabalgad Fort and Prabalmachi Mountain located to the east.

Panvel is surrounded by some major Maharashtra Industrial Development Corporation (MIDC) managed regions like Patalganga, Taloja, Nagothane, Roha, Bhiwandi and Khopoli.

Some of the Indian industry majors like Larsen & Toubro, Reliance, Hindustan Organic Chemicals Limited, ONGC, IPCL are based around Panvel providing mass employment.

Two of the eight Ashtavinayak temples of Lord Ganesha are located near Panvel, Ballaleshwar at (Pali) and Varadvinayak at Mahad near Khopoli.

Old Panvel has relatively less maintained roads which are very congested due to lack of planning on part of the PMC.

The new Navi Mumbai International Airport, which is to come up around the Panvel-Kopra area, would be built through public-private partnership (PPP) — with private sector partner getting 74% equity while Airport Authority of India (AAI) and Maharashtra government through CIDCO holding 13% each.

The International Civil Aviation Organisation (ICAO) has already given techno-feasibility clearance to the Navi Mumbai airport and central cabinet has cleared it.

The airfield has been designed to accommodate the new large aircraft compatible with International Civil Aviation Organisation (ICAO) Aerodrome Code 4F.

In addition, Panvel handles 116 suburban trains that are connected to Mumbai CST, Wadala Road, Andheri and Thane.

The ST buses are available from Panvel to Thane, Kalyan, Dombivali, Badlapur, Dadar, Uran as well as beyond city.