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:
Dear Gary,
What u r saying about ulwe now, many said same about ghodbunder road 10-12 yrs back. and you know the results now. Same was the case with Seawoods. Property rates are never going to go down.
I bought an apartment in Ulwe and 1 in Ghodbunder road both in 2013, and both places have experienced growth buy 25% buy now.Dear Gary,
What u r saying about ulwe now, many said same about ghodbunder road 10-12 yrs back. and you know the results now. Same was the case with Seawoods. Property rates are never going to go down.
I bought an apartment in Ulwe and 1 in Ghodbunder road both in 2013, and both places have experienced growth buy 25% buy now.
My comments to replies
I agree with Gary...... I do not think this is the right time for the investor to invest in this area. Moreover the area does not have have anything. These are the only infrastructural development in this area and only god knows when these projects are going to start. I want to buy property for myself not for my grand child or children. :P
I feel u and gary should go to badlapur and karjat, thats where ur budget suits you. Stay away from mumbai and navi mumbai please.
11th August 2015
Ask a Question
Follow A Topic
Trending Categories
CommonFloor Property Search Mobile App now available on Android, iOS and Windows!
