Which is Better Investment Option: Ulwe or Panvel

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

Praveen Modi, Mumbai

9th May 2013

Investment Advice in Navi Mumbai

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Replies (15)

Hi,
Are you looking for affordable housing? There are some ares of Navi Mumbai are best for investment. While property has increasingly become unaffordable in Mumbai, Navi Mumbai still provides multiple budget from Rs.30 lakh to Rs.50 lakh options. The proposed SEZs at Dronagiri, Ulwe and Kalamboli, and the upcoming international airport at Panvel could change the face of this satellite city. I would suggest you to visit once in these locality before investment.

Hitesh Thawani, Mumbai

29th June 2016

Comment

You are right Hitesh. These projects are expected to generate huge employment, and further increased the demand for commercial and residential developments. The government's approval to the Mumbai Trans Harbour Link will also provide a filip to N ..

Shreya Agarwal, Mumbai

29th June 2016

Hey guys,
I think if metro comes in Navi Mumbai than appreciation value of the property is going to be high in Panvel and Ulwe. Living in New Mumbai is good because it is a pre-planned city and has good access to everywhere, but at the same there are some problems appearing with local trains delay, and technical problems.

shaina,

16th July 2015

Comment

Hi folks,
You can also serch your dream homes in Kalyan and Dombivli. Property values in the Kalyan and Dombivli area offers projects within the affordable range. For example, the average property value in Dombivli East is about Rs 5450/sq. ft while it is about Rs 6100/sq.-ft in Dombivli West. The average property value in Kalyan East is about Rs 5250/sq-ft while the average property value in Kalyan West is about Rs 5950/sq. ft.

Anuskha Chandan, Mumbai

26th June 2015

Comment

Hi everybody,
Now-a-days Panvel of Navi Mumbai is in news for its housing demand. It is one of the fastest growing realty markets in Navi Mumbai and the Mumbai Metropolitan Region (MMR), owing to various growth factors. While great connectivity and the upcoming international airport play a key role in giving a fillip to the areas realty growth, an increasing need for affordable housing in MMR has been another driving force behind the growth of this important areas real estate.

Kunal,

19th May 2015

Comment

Hi Kunal,
I am not telling that Panvel is not a good property destination but at the same time you can not ignore Ulwe in Navi Mumbai. Ulwe is one of the fastest growing nodes of Navi Mumbai. 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.

Niyati Juthali, Mumbai

19th May 2015

Right Niyati,
Ulwe in Navi Mumbai will be my first choice for residential as well as for investment choice. At the same time the locality has great connectivity with the rest of the Mumbai City. 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.

Govinda,

19th May 2015

I am agree with both Kunal and Govinda,
Ulwe should be your first choice, as it is very close to upcoming Navi Mumbai International Airport. And the price are quite affordable now. It is one of the fast developing nodes in the city and offers 1BHK units ranging from Rs 24-30 lakh.

Secondly, Panvel, as this locality is close to Navi Mumbai International Airport too. Those who have an investment budget of Rs 20 lakh and yet want to stay close to Mumbai, then Panvel has many options for investment. you can find a 1BHK in size ranging from 350-750 sq-ft, within Rs 20-35 lakh.

Manisbapu, Mumbai

26th June 2015

HI,
Residential project prices currently range from Rs 3000 to Rs 15000/sq-ft for the Navi Mumbai region. stable absorption is expected to continue with affordable pricing levels and lift with more visibility on work of the new airport. As a result of these positive developments the rates would see a decrease in property rate as Rs 10000/ sq-ft at any location in Navi Mumbai.

ujwal nikam, Pune

16th March 2015

Comment

Right Ujwal,
The transformation 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.

Chandra Kantraut, Pune

16th March 2015

The twin city of Kalyan-Dombivli, on the outskirts of Mumbai, will be one of the biggest beneficiaries of real estate recovery. The Kalyan-Dombivli belt comes under Kalyan-Dombivli Municipal Corporation (KDMC) and forms a part of Mumbai Metropolitan Region (MMR). This respective location is witnessing the development of new residential projects at a fast pace. Developers that operate in this area include Lodha Group, Nirmal Lifestyle, Raunak Group, Laxmi Housing Builders & Developers, Laxmi Versatile Housing and Mehta Group, among others.

Rajatrawal, Mumbai

10th March 2015

Comment

Hi Rajat,
Yes, Kalyan-Dombivli's real estate has recently witnessed a boom, primarily due to the increasing prices in Mumbai suburbs and growing demand for affordable housing in Mumbai. A proposal for extending the Navi Mumbai metro rail to Kalyan too has fueled the growth for housing in Kalyan-Dombivli.

Shrikant Kejriwal, Mumbai

10th March 2015

HI,
No doubt that Ulwe and Panvel are the best locality in Navi Mumbai for Investment but if you are looking for property within 10-20 lacs then one should move towards Asangaon, a part of Thane district, Asangaon is a locality that lies on the Mumbai-Nashik Expressway. The area is 70 km from Mumbai through the expressway and is still under development. At present, the locality offers 1 and 2BHK units within Rs 20-30 lakh. These are available within a size range of 450-1200 sq-ft. You can also find a few options of 1BHK units in a budget of Rs 10-15 lakh.

Shaunak Verdla, Mumbai

4th March 2015

Comment

Right Shaunak,
The area offers property at very low prices when compared to other areas of Thane and Navi Mumbai. The area is home to more than 400 manufacturing units and boasts of its own railway station, which connects the area to the Central Line Mumbai Suburban Railway network. However, the locality will take at least 2-3 years to become completely livable.

Roshni Pawal, Mumbai

4th March 2015

Apart from that there are a number of reasons that offer a better future for property investment in this new city, which are discussed below: Investment Cost, Infrastructure, Environment, Real Estate and Security.

Thus, with the availability of an option for a better lifestyle, better infrastructure projects and a high scope for the real estate builders and developers, Navi Mumbai has become an interesting option for the investment in the property sector.

Chintakpujara, Mumbai

2nd March 2015

Comment

Here is some places in Navi Mumbai where you can buy your dream home. Panvel is the most populated city in Raigad area in Maharashtra. Now-a-days Panvel of Navi Mumbai is in news for its housing demand. It is one of the fastest growing realty markets in Navi Mumbai and the Mumbai Metropolitan Region (MMR), owing to various growth factors. While great connectivity and the upcoming international airport play a key role in giving a fillip to the areas realty growth.

Dayananda, Mumbai

2nd March 2015

Comment

Ulwe have currently become the most effective and also the most developing junction in Navi Bombay. it is counted nearly as good residential node. Future developing node is Ulwe and most of the investors square measure currently investment on properties in Ulwe. With increase in property module, that joins most of the nodes in Navi Bombay, traveling from Ulwe has conjointly become straightforward and comfortable. It helps commuters to travel freely throughout the neighborhood with the assistance of Bus and Trains for straightforward commutation.

Anirudh Patel, Mumbai

2nd March 2015

HI,
Ulwe of Navi Mumbai is the India's best destination for residential flat investment for long term around 5 years. So invest there with a reputed builder and in good location. Annual return would be around 30-35% subject to growth and risk factors.

Growth Factors like 1) proximity to Navi Mumbai International airport, 2) it is connected with the important Thane-Belapur Road through the Uran Road,which also connects it with the JNPT Road that goes towards the Jawaharlal Nehru Port.

Dayananda, Mumbai

2nd March 2015

Comment

You can also buy your property in Karanjade. It is place which is located in Panvel Taluka. As it is also rapidly developing place, people are more and more attracted to invest here in small budget homes. As Karanjade is coming up with many properties projects as below. it is having all facilities like Engineering College, IT companies, MIDC area, SEZ, Hospitals, International Airports, golf course and also the metro train project is also going.

Anirudh Patel, Mumbai

2nd March 2015

Level i will go for Panvel. it is developing as a business center and has better infrastructure and facilities than Ulwe

Rakshit, Mumbai

11th May 2013

Comment

Well major projects like the SEZ, airport, railway line and the Colaba link way are yet to be developed and it will take another 10 - 15 years i believe for Ulwe to grow to a level.

Ashish Sharma, Mumbai

11th May 2013

Comment

Would like to add Ulwe has water front and pavel does not.

Suresh Khanna, Mumbai

10th May 2013

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No i wont agree i would say that Ulwe is a better option in any case
a) affordability
b) One the brige connectiing the south mumnbai and ulwe will be functional, Ulwe will be just 20 kms from Dadar.
c) If you are working in Mumbai, ulwe will be closer
d) the upcomming Reliance SEZ. In onother 8 - 10 years it will be developed as a planned city.

Sanjana Jain, Mumbai

10th May 2013

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If you are looking for a ready to move in property then Panvel is a better option as it is fully developed and due to the upcoming International airport, the real estate of Panvel will definitely grow.

Padma G, Mumbai

10th May 2013

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