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I have read an article which says that relaince is coming up wit ...
ULWE PROPERTY
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I have read an article which says that relaince is coming up with an state of the art integrated township. The launch is due in Diwali 2013 and the expected price range is between 3500-4000 per sq.ft. Builder lobby in Ulwe is trying to make it upmarket (which is not the case) so that they can sell their properties at a premium rates as they are very well aware that post reliance's entry not even a single buyer will buy their flats. Reliance is well know for changing the market statistics. People who are currently purchasing the flats at the rate of 4500-5000 sq.ft in Ulwe will be at loss because after 2-3yrs from now rate in Ulwe will become stagnant and will not rise more than 5000 per sq.ft. Please read this article: http://ulweflats.blogspot.co.uk/
The township in Navi Mumbai has been planned after the state government’s recent approval of industrial policy which allows corporate firms, who had acquired land under the special economic zone (SEZ), to unlock 40% of it for construction of residential buildings. Apart from the township, there are plans of developing malls, schools and colleges. The apartments will be developed keeping both the affluent and the common man.
One of my friends had inquired about the project and got to know that it is coming up in plot no. 1, sec-9, ulwe and is of size 12100 sq m.. The project will have 9 wings with G+ 14 storeys each.. I heard it will start in mid of 2013.. Lets see...