Panshet is a popular locality in Pune surrounded by localities like Mavan, Chakan, Alandi, Koregaon Park, Viman Nagar, Kothrud, Wakad, Baner and Kondhwa.

The Khadki Railway Station and the Pune Airport are close to the area.

There are several under-construction residential and commercial projects in the area by developers such as Eden, Goka Engineering and B4 Properties.

Educational institutions in the area include Indus International School, RiverDale International Residential School and Sanskriti School. Hospitals in the locality include Lifepoint Multi-speciality Hospital, Aditya Birla Clinic and Phoenix Hospital. Banks like Axis Bank and State Bank of India have branches here. There are many restaurants in the locality such as Hotel Mercure Lavasa, The All American Diner and Orient 8.