Planning to purchase 1BHK flat in Mumbai. Please suggest which area to prefer......Shilphata or Ulwe or New Bhiwandi?

Q: Whic area to select for 1BHK.....Shilphata or Ulwe or New Bhiwandi (Upper Thane)

Amey, Apartment Resident, Thane

9th March 2015

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Replies (3)

Here are the list of projects having 1BHK for sale in Ulwe, Navi Mumbai. To get more information of these project click the link 1BHK for sale in Ulwe, Navi Mumbai

Gireesh Hegde, Hyderabad

11th March 2015

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Shilphata, a locality situated at the junction of Old Mumbai-Pune Road (NH-4) and Kalyan-Shilphata Road is being touted as the next Ghodbunder Road. Once developed, it might also serve as the gateway of Navi Mumbai for people coming in from Thane, Dombivli, Kalyan and Badlapur.

Dharmaja Patel, Mumbai

10th March 2015

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Hello Sir,
Could you please guide me about the future prospects of buying a residential property in the Shilphata region? It seems that we can get budget flats there but corporate offices will still be in Mumbai. Hence, I am slightly concerned. I am looking for a property to live and not to invest.

Anuj Gupta, Mumbai

10th March 2015

Hi Anuj,
Shilphata’s strategic location has played a key role in its growing popularity among home buyers and developers. The locality acts as a junction connecting Navi Mumbai, Kalyan-Dombivli-Bhiwandi, Taloja-Panvel-Pune-Goa-JNPT and Thane. Besides connectivity, it was availability of land that brought developers to the area. At present, 70 per cent of people buying properties here are investors expecting a significant capital appreciation in the coming 5-10 years.

Dharmaja Patel, Mumbai

10th 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.

Anuskha Chandan, Mumbai

10th March 2015

Comment

Right Anushka,
Ulwe have currently become the most effective and also the most developing junction in Navi Bombay. investment on properties here is that the smartest alternative among the investors. With increase in property module, that joins most of the nodes in Navi Bombay, traveling from Ulwe has jointly become straight forward and comfortable. It helps daily traveler to travel freely throughout the neighborhood with the assistance of Bus and Trains for commutation.

Dharmaja Patel, Mumbai

10th March 2015