Property in Ulwe

Q: What are the good upcoming projects in Ulwe? How is this
place for real estate investment?

Rakshit, Mumbai

23rd January 2013

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Replies (11)

Hi everybody,
3Ulwe is one of the fastest growing nodes of Navi Mumbai. It is located south of Kharghar and close to Panvel, where the Navi Mumbai International Airport is planned. This node has been planned and developed by CIDCO and is fast becoming a preferred destination for many.

Ulwe is well connected to most of the localities in Navi Mumbai by road. The Uran Road and JNPT Road pass through Ulwe connecting it to localities such as Greater Khanda, Kharghar, CBD Belapur and Panvel.

Anirudh Patel, Mumbai

3rd June 2015

Comment

Good Evening Anirudh,
The change of Ulwe from a inactive to a active realty hotspot in only a period of 5 yrs is absolutely wonderful. Improved and kept up by the City and Industrial Development Corporation of Maharashtra Limited (CIDCO). The property estimations in Ulwe have proved both good and bad times. However,, the region is hoped for a jump later on as some foundation rebuild are in the pipeline. The range appears to be a withdraw for divers with a dream of no less than 3 to 4 yrs.

Miraniyatin, Mumbai

3rd June 2015

Hi Rakshit, if you are looking to invest/ buy a property in Ulwe then you can Post your Requirements to get matching properties details on your Email and Mobile.

Rubiya,

24th January 2013

Comment

Ulwe will immensely benefit from the upcoming Seawood-Uran suburban rail network, which will connect it to the prominent office hubs through a mass rapid transport system.In the case of Navi Mumbai, one can further extrapolate the investment potential to Kharghar, Kalamboli and Ulwe. It has better demand and price appreciation is also is expected in near future.

Samrat,

24th January 2013

Comment

For personal use and if you want to move in soon go for developed areas in Kharghar or Seawoods thereabouts.

Ulwe not doubt has good potential but the price has already taken care of the "potential".

People say Ulwe and around it would be like downtown Brooklyn in NY and Reliance would be the driver but that has sometime to come.

Investments with really long-term horizon, risk appetite and ready for bumpy ride should get-in, if you want to take a crack at it.

Vinu S,

24th January 2013

Comment

I'm looking for a house for personal use and I'm so deep into the research that I'm talking to at least 4-5 people everyday. Ulwe did start as a potential place for living but recent discussions with good friends tend to make me think that Ulwe is not even worth investing right now. A friend told me this evening:

"Ulwe is so uncertain that you don't even know whether builder will be able to complete a project. Even if he does, the building may not receive OC. Maximum gaonthan plots being sold to more than one builder."

Kharghar seems to be the only *safe* option now!

Varun,

24th January 2013

Comment

I have come to know some of these projects from reputed builders:

1. Neel Sidhi - 3 projects in Sector 23 (1BHK, 2BHK), 19 (3BHK) and 2 (no info). None has started as yet.
2. Mahaavir - 1 project in Sector 9 (2BHK and 3BHK). All 3BHKs are sold out. Some 2BHKs are available.
3. Lakhani - Sector 9 (2BHK). Work hasn't started.

Asking rate 3500-3750 psf. Small time builders are asking 2800-3100 psf.

Neeraj Rao,

24th January 2013

Comment

Hi Bikram, it's too much of a risk right now, as recent events have shown. All these projects can change countours (location etc) at the drop of every poverbial political hat. You'll find all this analysis coming to naught , at the hands of wily politicians.

Rajiv,

24th January 2013

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I'm considering Ulwe as my potential first home very strongly. I've been at Ulwe, talking to agents, builders and alike this weekend.No project as of now is worth investing. But I'm afraid if I wait the price might go north.

Sankalp, Mumbai

24th January 2013

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Major development in Ulwe so far has been in Sector 19. Most of these are 1BHKs. Also the airport affected villagers will be moved to Sector 24 and 25 making the entire area somewhat less worthy.
Villages such as Bamandongri be a problem in future in terms of property appreciation. They too fall in East part of Ulwe.
Sector 22, being in front of creek will be one of the best in terms of appreciation and demand. Looks like it will be the last to get tenders for.

Lalit Verma, Mumbai

24th January 2013

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My apprehension is agents and brokers are pushing Ulwe as lower-to-medium income group node. The rates being charged are not in sync though. The current rates in Ulwe are 2800-3750.

Padma G, Mumbai

24th January 2013

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Some projects in Sector 19 (near CIDCO Unnati) are going on and may complete in next one year or so. However, all of these are from small time builders.

I have come to know some of these projects from reputed builders:

1. Neel Sidhi - 3 projects in Sector 23 (1BHK, 2BHK), 19 (3BHK) and 2 (no info). None has started as yet.
2. Mahaavir - 1 project in Sector 9 (2BHK and 3BHK). Work has started a couple of weeks ago. All 3BHKs are sold out, only 1 is remaining. Some 2BHKs are available.
3. Lakhani - Sector 9 (2BHK). Work hasn't started.

Asking rate 3500-3750 psf. Small time builders are asking 2800-3100 psf.

Bikram, Mumbai

24th January 2013

Comment