Nitin Bhatia
Q: Finally the most awaited time has come. The most hyped navi mumbai property market (specially ULWE) soon to progress on the path of misfortune. The hyped bubble in real estate market is about to burst anytime now. History will be repeated again with massive correction in prices (upto 40%) is expected. Set back to property market after 1997-2003 is about to arrive. A cautious advise to genuine buyers that do not buy property in ULWE in present scenario as you'll face a big loss due to price correction which will happen in next 6months - 12months & before 2014 elections. Please follow the link for more information:

My replies to this discussion
Hi Harish, Once the Building is developed Builder might get the OC and take Permanent meters would be put up i have seen many buildings have light meters.Roads : Roads might take at least 2 year once people start staying, only CIDCO building have some people staying in.I didnot see any road work started or under construction. But there are talks in this direction. Railways : No Railway line yet, Work is quiet slow, best is to compare or ask some one how much time did areas like Kharghar etc get a railway line laid and then we can comment on it. But as i saw there was a foundation for a bridge and very minor WIP.,Drainage:Side pipeline,gutter etc place as it looked and I used a washroom in a building looked ok.No load sheding as they said. No bus comes in diorectly a shared tempo would leave u on the main road and then walk 10 mins till ulwe or take a rick if u get one. Occupany: NIL.But 50% sold.No possesion is given A new bank present,2-3 General stores.Hi Harish, Once the Building is developed Builder might get the OC and take Permanent meters would be put up i have seen many buildings have light meters.Roads : Roads might take at least 2 year once people start staying, only CIDCO building have some people staying in.I didnot see any road work started or under construction. But there are talks in this direction. Railways : No Railway line yet, Work is quiet slow, best is to compare or ask some one how much time did areas like Kharghar etc get a railway line laid and then we can comment on it. But as i saw there was a foundation for a bridge and very minor WIP.,Drainage:Side pipeline,gutter etc place as it looked and I used a washroom in a building looked ok.No load sheding as they said. No bus comes in diorectly a shared tempo would leave u on the main road and then walk 10 mins till ulwe or take a rick if u get one. Occupany: NIL.But 50% sold.No possesion is given A new bank present,2-3 General stores.
Whole Ulwe is surrounded by a Big Cannal(Naala, Gutter) this can be stinky after we have people staying in.,.but right not it is flowing and has no problems. There are many unsold units so best it to negotiate with the builders to get best rates. Jains(who expect a Temple :P:P)might find a problem in Sector 19 A as there is Muslim Cremation ground. But rates are 3900 there.. One builder offer 1 BHK for 26 Lakhs area 620. Some one travelling by road to vashi would have to take Palm beach road to reach Vashi in 20-25 nmins by car thats a plus point. Lets see how much doest it develop. Technical Problem : Light , water connection after OC. Check the land before buying some farmer are builders now :). Buss Serveice : NO. No street Lights, No Possesion. I saw only marvadis staying ion new buildings/or 1-2 families.Bhamandongri ralway station might be functional in 4 years,Whole Ulwe is surrounded by a Big Cannal(Naala, Gutter) this can be stinky after we have people staying in.,.but right not it is flowing and has no problems. There are many unsold units so best it to negotiate with the builders to get best rates. Jains(who expect a Temple :P:P)might find a problem in Sector 19 A as there is Muslim Cremation ground. But rates are 3900 there.. One builder offer 1 BHK for 26 Lakhs area 620. Some one travelling by road to vashi would have to take Palm beach road to reach Vashi in 20-25 nmins by car thats a plus point. Lets see how much doest it develop. Technical Problem : Light , water connection after OC. Check the land before buying some farmer are builders now :). Buss Serveice : NO. No street Lights, No Possesion. I saw only marvadis staying ion new buildings/or 1-2 families.Bhamandongri ralway station might be functional in 4 years,
I have been 2 ulwe last week the property rates now is between 3900(sector 19) to 5500(sector 17) and moderate 4300(sector 5). I think if someone invests in Ulwe he might have to wait atleast 7 years for 50% hike, and then also its like blocking the money.. Fixed deposit is much safer option if some one from the working class is willing to invest around 10 lakhs upfront.I have been 2 ulwe last week the property rates now is between 3900(sector 19) to 5500(sector 17) and moderate 4300(sector 5). I think if someone invests in Ulwe he might have to wait atleast 7 years for 50% hike, and then also its like blocking the money.. Fixed deposit is much safer option if some one from the working class is willing to invest around 10 lakhs upfront.
Ask a Question
120 Characters Left





    Trending Categories

    CommonFloor Property Search Mobile App now available on Android, iOS and Windows!