Famously cited as the node city of Navi Mumbai, Ulwe at the tip of the earth. This city is famous for its port and the activities that take place there. Although the old harbor is something of a state of demolition, it is the smaller vessels carrying vegetables and other perishables that make efficient use of Ulwe Harbour. Once very famous for its vast expanse of mangrove forest, the city has slowly moved into its urban nest, in turn destroying most of the green cover. Ulwe’s market price soared after a new airport was proposed outside of Ulwe. The proposed Nerul-Uran railway line, Metro project development, Mumbai Tran Port Sea Link (Nhava-SewriSealink) will only add more value to properties in this locality.

It is proposed that a coastal highway connecting Ulwe to Seawoods will soon be built. Ulwe’s transformation from a sleepy suburb to a real estate hotspot in just a short span of five years is absolutely marvelous. Improved and maintained by the Maharashtra City and Industrial Development Corporation Limited (CIDCO), Ulwe is a hub of Navi Mumbai city. It is strategically located practically within a stone’s throw of many CBDs in Navi Mumbai and this proximity is working in the favor of the real estate developer. Although the speculative prices in Ulwe seem to confuse people looking for property, experts believe that in the next 4-5 years, when all the infrastructure projects in the pipeline have completed this area, they will recoup the full return on investments in Ulwe. Little time.

The location has some important economic advantages, such as the SEZ and the proposed international airport. It is part of the second set of nodes to be developed by CIDCO, the city authority in charge of the development of Navi Mumbai. Ulwe is a fast recovery area in Navi Mumbai. The average fee for trading is Rs 5,000 to 5,500 per square foot. Ulwe is the best location in Navi Mumbai when looking for a long term investment. Ulwe in Mumbai has seen a 10 per cent capital appreciation in residential space prices over the past two years. As government-managed infrastructure projects are delayed without a specific deadline, it has created a lot of uncertainty among buyers. Due to market turbulence and delays in the completion of infrastructure projects, most buyers opt for flats in immediate possession or those properties in Ulwe that are nearing completion.

The current trend of property prices in Ulwe is between Rs 6,000-6,500 Over the next 12 months, property prices in Ulwe are expected to increase by 15%. When considering investing in a property in Ulwe, experts recommend following the practice of waiting and watching, as this will help to see when the market stabilizes and will also provide investors with a cushion for the resale or rental market. Despite recent positive developments, infrastructure development has been slow, with poor planning leading to delays and cost increases for many projects. However, this might be the right time for people waiting on the sidelines to invest in property in Navi Mumbai.