The real estate market in India has ample options for homebuyers in every nook and corner of the country. And, one such area is Ulwe in Navi Mumbai. An emerging location, it is best suited for people from the mid-income group. Under the jurisdiction of the City and Industrial Development Corporation of Maharashtra Limited (CIDCO), property prices in Ulwe are expected to rise because of the employment opportunities created in the Thane-Navi Mumbai area. As a result, there is an increased demand for plots and apartments in Ulwe, Navi Mumbai.
Reliobrix lists the factors that make Ulwe an emerging real estate hotspot.
- Proposed development
The proposed development in Ulwe is one of the main factors stimulating the demand for real estate in Ulwe. The upcoming development in Ulwe includes:
- Proposed Sewri-Nhava Link
- Navi Mumbai International Airport
- Seawoods-Ulwe Link from Palm Beach Road
- The SEZ in Ulwe
- Beman Dongri Railway Station which will be connected to the Harbour Line.
These infrastructural developments will definitely give fillip to the real estate in Ulwe.
- Real estate in Ulwe
The geographical location and closeness to the international airport and Seawoods-Urban railway line have given a leg-up to real estate in Ulwe. There are many upcoming properties in Ulwe. Some of the developers in Ulwe are Swaraj Group, Oasis and Galaxy Group. Oasis Pride, Oasis Glory, Lakhani Exotica, Lakhani Oasis and Bliss are some of the prestigious projects. In Ulwe, the average property price is Rs 4,899 per sq ft. The highest and lowest property price in Ulwe is Rs 4,931 per sq ft and Rs 4,867 per sq ft, respectively.
- A lucrative investment option
Investing in Ulwe is a great investment opportunity as the property prices are quite affordable here. Ulwe has a sound infrastructure and good connectivity to the Mumbai Highway, Palm Beach Road (12.8 km), CBD, Vashi and Mumbai- Highway. The upcoming Uran suburban rail network will link the prominent corporate hubs through a rapid transport system. Besides, the area has prominent schools, hospitals, shopping malls and hotels. The prices are low and the future of real estate in Ulwe is quite promising leading to an increased demand for apartments and plots in Ulwe.