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 port is something of a shaved state, the smaller ships carrying vegetables and other perishable goods are the ones that predominantly use the port of Ulwe. 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 outside this city was proposed. The proposed Nerul-Uran rail line, the Metro project development, the 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 be established soon. Ulwe’s transformation from a sleepy suburb to a real estate hotspot in just a short span of five years is absolutely wonderful. Upgraded and maintained by the Maharashtra Municipal and Industrial Development Corporation Limited (CIDCO), Ulwe is a city center of Navi Mumbai. It is strategically located practically a stone’s throw from many CBDs in Navi Mumbai and this proximity is working in favor of the real estate developer. Although the prices of speculation in Ulwe seem to confuse people looking for properties, experts believe that in the next 4 to 5 years, when all the infrastructure projects in the pipeline have been completed, this area will bring back all the performance of investments in a short time.

The location has some important economic advantages, such as the EEZ 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 quickly catching up on Navi Mumbai. The average fee for commercials is Rs. 5000 – 5500 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 percent capital appreciation in residential space prices over the past two years. Since the government handled infrastructure projects are delayed without a specific deadline, it has created a lot of uncertainty among buyers. Due to turmoil in the market and delays in the completion of infrastructure projects, most buyers are opting for immediate possession flats or those properties in Ulwe that are nearing completion.

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

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