Better investment option: Ulwe or Panvel

Q: Which is a better place to invest Ulwe or Panvel in Navi Mumbai?

Rakshit, Mumbai

9th May 2013

Investment Advice in Navi Mumbai

navi mumbai international airport construction

navi mumabi real estate

ulwe real estate

panvel real estate

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Replies (3)

Now the buyers are hesitant due to sluggish economy and uncertain political scene along with the fear of further government delays in executing necessary infrastructure projects. :( :(

Bikram, Mumbai

21st January 2014

Comment

According to experts, it does make good sense to buy property in Ulwe in the present scenario. However, it is ideal for a buyer to opt for under-construction projects that are in early stages because by the time these projects are ready the supporting civic and social infrastructure would also have completed.

Ravi Waghmare, Mumbai

21st January 2014

While there is some positive movement in both projects, there is no substantial activity that has taken place since the project proposal. This has affected everyone associated with the locality in one way or the other.

Lewin G,

21st January 2014

Comment

I second Lewin. Even the developers have paid exorbitant prices for the land while customers paid premium prices for their properties. Other social infrastructure and civic infrastructure projects such as Seawood-Uran Railway were also planned but are much behind schedule due to funding issues.

Ravi Waghmare, Mumbai

21st January 2014

These delays also resulted in a sudden fall in the demand for projects that are almost nearing completion. Hence, developers with their projects at advanced level of construction are seeing an inventory pile up

Lewin G,

21st January 2014

Real estate market in Ulwe has been a major attraction for many ever since the ambitious projects like Mumbai Trans-Harbour Link (MTHL) and Navi Mumbai International Airport (NMIA) were announced.Property prices suddenly shot up and a sizeable population also bought property here in anticipation of the locality's growth.

Lewin G,

21st January 2014

Comment

What is the average p[property price going on in Ulwe? Any idea?

Rakshit, Mumbai

21st January 2014

The average property price during the Q4 2012 was approximately Rs. 5,700 per sq.ft. However, the delay in infrastructural projects is now raising the question – Is Ulwe a good destination to invest in?

Bikram, Mumbai

21st January 2014