Real Estate

 Known as the capital city of Navi Mumbai, Ulwe at the top of the country. This city is known for its port and the activities that take place there. Although the old port is a kind of depilated state, the port of Ulwe is used by smaller vessels carrying vegetables and other perishable goods. Once very famous for its vast mangrove forest, the city moved into its urban nest and destroyed most of the green cover. The Ulwe market boomed after a new airport outside the city was proposed.

A coastal highway linking Ulwe to Seawoods is soon proposed. The transformation of Ulwe from a sleepy suburb to a real estate hotspot in five years is amazing. Improved and maintained by City and Industrial Development Corporation of Maharashtra Limited. Located a stone's throw away from many CBDs in Navi Mumbai, this proximity works in favor of the property developer. While the speculative prices in Ulwe seem to confuse property seekers, experts believe that in the next 4 to 5 years, when all the upcoming infrastructure projects are completed, investment in the area will immediately return.

The location has some strong economic advantages such as the SEZ and the proposed international airport. It is part of the second set of nodes to be developed by CIDCO, the municipal authority responsible for the development of Navi Mumbai. Ulwe is fast catching up with the area in Navi Mumbai. The average advertising rate is Rs. 5,000 - 5,500 per sq.ft. Ulwe is the best location in Navi Mumbai if you are looking for long term investment. Ulwe in Mumbai has seen capital appreciation of 10 per cent in housing prices over the past two years. As government infrastructure projects have been delayed without a specific deadline, this has created a lot of uncertainty among buyers.

The current price trend for a property in Ulwe is anywhere around Rs. 6,000 to 6,500 Property prices in Ulwe are expected to increase by around 15% over the next 12 months. When considering a property investment in Ulwe, experts recommend waiting.