Stop boring landscape photos!
Famously quoted as the nod city Navi Mumbai, Ulwe at the top of the country. This city is known for its harbor and the activities that take place there. Although the old port is a kind of depopulated state, smaller vessels carrying vegetables and other perishable goods are the ones that mainly use Ulwe port. Once very famous for its large spread of the Mangrove Forest, the city has slowly moved into its urban estate, which in turn destroyed most of the green cover. Ulwe's market has skyrocketed in price after a new airport was proposed from this city. The proposed Nerul-Uran railway, metro project development, Mumbai Tran port lake connection (Nhava-SewriSealink) will all just add more value to properties in this place.
A coastal road linking Ulwe with Seawoods is proposed soon. The transformation of Ulwe from a drowsy suburb into a real estate hotspot in just a short span of five years is absolutely wonderful. Ulwe is enhanced and maintained by the City and Industrial Development Corporation of Maharashtra Limited (CIDCO) and is the hub of Navi Mumbai city. It is strategically located at practically a stone's throw for many CBDs in Navi Mumbai and this proximity works for the benefit of real estate developers. Although speculation prices in Ulwe seem to throw people looking for property in confusion, experts believe in the next 4 to 5 years when all pipeline infrastructure projects have completed this area will regain all return on investment in no time.
The location has some strong economic benefits such as SEZ and the proposed international airport. It is part of the second set of nodes to be developed by CIDCO, the city authority responsible for the development of Navi Mumbai. Ulwe quickly captures the area of Navi Mumbai. The average rate for commercial is Rs. 5000 - 5500 per square meter Ulwe is the best location in Navi Mumbai when looking at long-term investments. Ulwe in Mumbai has registered a 10 per cent increase in housing prices over the past two years. Since the government that handled infrastructure projects is delayed without a specific deadline, this has created a lot of uncertainty among buyers. Due to the turbulence in the market and delays in the completion of infrastructure projects, a majority of buyers choose finished apartments or properties in Ulwe which are almost completed.
The current price trend for properties in Ulwe is around Rs everywhere. 6,000 to 6,500 During the next 12 months, prices for properties in Ulwe are expected to be around 15%. When considering investing in a property in Ulwe, experts recommend following the wait and look at the practice as it will help to observe when the market is stabilizing and will also give investors a cushion of resale or rental market. Despite recent positive developments, infrastructure development has been slow, with poor planning resulting in delays and cost increases in many projects. Still, this may be the right time for people waiting on the side to invest in a property in Navi Mumbai.