Right Praveen, Ulwe is a junction of the city of Navi Mumbai. It is well developed and maintained by CIDCO. It is located in Raigad district. Ulwe is going to be a major successful planned city to live after Vashi. It has attracted many people to buy property here. Many buildings and constructions are being developed in Ulwe. CIDCO buildings are also being constructed in there. The Navi Mumbai international airport is nearby to Ulwe. A sea link from Sewri to Nhava Sheva is proposed.
With a budget of up to Rs 25 lakh, Ulwe which is located to the south of the Panvel creek, is likely to see a price appreciation of 145% in the next 5 years and is the ideal investment choice for the normal people once the Mumbai Trans Harbour Link is in place as it will provide the much-needed link between South Mumbai and Navi Mumbai.
Hi all, Why Chembur, Wadala, Ulwe are hot investments in Mumbai? How much appreciation have seen in the last 5 years? How is the connectivity of this locality?
Hi Shantanu, According to an investment advisory report by real estate consultancy firm Knight Frank, Ulwe, Chembur and Wadala in the Mumbai Metropolitan region have emerged as the top three investment destinations in India, with forecasts price appreciation by 145%, 133% and 125%, respectively in 5 years.
This is based on assessment of real estate drivers namely employment, physical infrastructure, connectivity to important locations, access to social infrastructure, planned development, proximity to premium office spaces and land availability.
Hi Kishore, Mega ista, Ulwe, Mumbai has excellent location advantages as Palm Beach road - 9 kms, proposed Navi Mumbai International Airport - 1 km, nearby railway station - 1 km, Belapur - 8.5 kms.
As far as project connectivity is concerned it has proximity to proposed international airport, regular frequency of buses to Navi Mumbai's Railway Station, convenience with the upcoming Baman Dongri Railway Station, proximity to proposed Nhava Sheva Sea Link from Ulwe to South Mumbai, Aegis Schools of business, Ulwe, DAV Public School, Ryan International School, Kharghar NIFT, Kharghar IIM in the Inorbit Mall, Center One Mall, Centurian Mall, Dmart etc.
Well Arup, What is the future in Ulwe? Are the rates be still increasing as now they are or after increasing so much they will collapse because these rates are now in Mumbai for Mumbai Property? So help me?
@Kishore, The prices of apartments in Ulwe have remained constant for past three quarters. The developers in the area are slashing their prices a little. So this might be the right time for you to invest in a property in Ulwe.
Hi Vinay, Mega Ista by Mega Group is a newly launched residential project at Ulwe in Navi Mumbai. It offers 1/2 BHK residential apartments. 1BHK from 650-715 sq-ft. and 2BHK from 1071-1600 sq-ft. The current asking price is Rs. 5300/sq-ft. It is G+7 storey apartment consists 46 units.
Thanks Arup, What is the cost of a 2BHK all exclusive? What will be the booking amount? Is the above mentioned price is negotiable? When is the date of possession?
Your welcome Vinay, The cost of 1BHK will be Rs. 34.45 lacs to Rs. 37.89 lacs and for 2BHK, it is Rs. 56.76 lacs to 84.80 lacs all exclusive. Booking amount will be 20% of the total registration value. Yes, the price is negotiable and the expected date of possession will be Mid'2016.
Hi, Covered car parking charges will be Rs. 2.5 lacs and it is not included in basic sales price. The price which is mentioned in their site is all exclusive.
Booking amount will be Rs. 1 lacs and other charges like maintenance charges will be Rs. 2/month, membership charges will be 1 lacs. Price mentioned below is the basic cost of the flat other charges will be as applicable.