Hailed as the new city of dreams, Ulwe in Navi Mumbai is With its promising locales is a new attraction for investors looking for properties near Navi Mumbai. CIDCO developed Ulwe from a fishing village into a neat suburb.
Since it used to be a village, CIDCO has retained some of the greenery. This can act as a major attraction for those who are tired of the urban jungle that is Mumbai.
In true Mumbai fashion, one of the most common modes of transport in Ulwe is the autorickshaw. However, as it is in a developmental stage, Ulwe has very few transports. Buses run, but they are few and far between. The Navi Mumbai Municipal Transport is responsible for running buses. These buses run from areas like Vashi, Nerul and Kharghar to Ulwe. The nearest railway station in Ulwe is the Bamandongri railway station.
Ulwe is well connected to the nearby localities like Kharghar and Panvel via roads.
Infrastructure in Ulwe is one of the aspects that has room for improvement. CISCO has drawn up plans for hospitals and malls, but they will be fruitful in the near future. Most properties in Ulwe are still under construction. As of yet, these are the major landmarks in Ulwe:
- The Raigarh Zila Parishad School
- New English School
- Ramsheth Thakur International Sports Complex
- Navi Mumbai Special Economic Zone
- A P Bhoir Vidhyalay And Junior College Ovale Vibhag
In spite of this lack, Ulwe has several properties listed for sale.
Property Price Appreciation
Property prices in Ulwe are nearly ⅓ of the rates in Navi Mumbai. The biggest concern you will face as an investor in property price appreciation.
Will Ulwe yield proper returns?
Well, there are two factors to consider when it comes to Ulwe. Firstly, it is not meant to be a wealthy suburb like Seawoods. It is supposed to appeal to the upper-middle class.
Considering the recent trends in migration, especially from Tier 2 and Tier 3 cities in India, one can assume that the demand for housing will increase. Ulwe, with its connectivity and infrastructure, can prove to be a good investment then.
There are a lot of factors pointing towards a hopeful future for real estate in Ulwe.
- Development of the Nerul-Uran railway line. This will pass through Ulwe.
- The Mumbai Trans Harbour Link between Mumbai and Navi Mumbai will reduce the travel time between the cities. It will also impact Ulwe and reduce overall traffic jams.
- The Navi Mumbai International Airport is a key factor. It will raise the status of Ulwe is a locality and may end up increasing the property rates.
- Construction of the Navi Mumbai Metro will make travel more accessible. People will find it easier to commute to and from Ulwe.
Ulwe is a prime destination because of Navi Mumbai. Therefore, better connectivity to Navi Mumbai will be a key factor in its growth.
Is buying property in Ulwe worth it?
What makes Ulwe in Navi Mumbai, a big deal for real estate investors? The biggest advantage of buying a property in Ulwe is its low prices, despite being closer to opulent localities like Seawoods and Kharghar.
There is a significant lack of infrastructure now, but with CIDCO heading the project, one can rest assured. There is already talk of an international airport and the Navi Mumbai Metro. CIDCO has plans to make Ulwe a bustling, well-designed suburb.
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.