[ecis2016.org] Ulwe is a Southern node of Navi Mumbai and a planned township developed and maintained by CIDCO.
Ulwe is a node city of Panvel in Maharashtra. Developed as part of the development project by
You are reading: Ulwe Property Market: An Overview
CIDCO for Navi Mumbai, Ulwe is expected to become one of the several planned townships in Navi
Mumbai and a major one after Vashi. Ulwe is expected to become a part of the Panvel Municipal
Corporation and the overall development has positively impacted price trends in Ulwe. Ulwe holds
great potential in terms of industrial development. A large part of Ulwe belonging to Reliance
Industries is under development for residential and commercial activities. The nearest railway
station is the Bamandogri railway station which has been named after one of the villages that was
part of Ulwe node.
Connectivity with nearby Ulwe localities:
Ulwe is very well-connected via road and railways.
The metro project seamlessly connects Ulwe to many parts of NaviMumbai
The 4 lane roads connect Ulwe to Seawoods, Belapur and Panvel
The Palm Beach Road and the Mumbai Highway are connected to Ulwe
Mumbai city is only 35 km away via the Sion highway
Employment hubs near Ulwe:
With Navi Mumbai emerging as the next IT hub close to Mumbai, Ulwe will soon be in close
proximity to major companies.
Ulwe has access to five major office markets within a distance radius of 22km
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Schools in Ulwe and other social amenities:
Ulwe has a sports complex offering recreational facilities to its residents. The sports complex has
facilities for badminton, hockey, swimming pool and an indoor stadium. There are also some popular
shopping malls in the area such as the Central One Mall, Inorbit Mall and Raghuleela Mall. There are
also several good hotels in Ulwe like Hotel Pam Staris and Hotel Heritage, Dakshin.
Reputed schools and colleges in Ulwe include –
ChatrapatiShivaji High School
Public School
Aegis School of Business
Institute of Business Studies
Renowned and reliable hospitals in Ulwe are –
Shri Balaji Hospital
Seawoods Hospital
Babre Hospital
Physical Infrastructure in Ulwe: The Southern part of Navi Mumbai of which Ulwe is a part is
expected to have 5 planned infrastructural projects which include the following –
Trans Harbour Link which after completion is expected to become the closest link to
Mumbai
Airport
Special Economic Zone (NMSEZ)
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Belapur-Uran rail link
The 3 upcoming suburban railway stations will connect Seawoods to Uran and connect Ulwe to
major commercial hubs in Mumbai. A sea-link has also been proposed to connect Sewri and Nhava
Sheva.
Price trends in Ulwe:
Its strategic location and proximity to the newly proposed international airport and several other
upcoming infrastructural projects has caused a drastic increase in property rates of Ulwe. Average
property prices in Ulwe have been estimated to be around Rs. 4899 per sq. ft. with the highest being
Rs. 4931 per sq. ft. and lowest being Rs. 4867 per sq. ft. Property trends predict that Ulwe is likely to
see a price appreciation of around 145 percent in the coming years. Out of the 6606 residential units
that were launched in this region since 2009, as many as 5000 units have already been sold.
Reasons to invest in Ulwe:
Ulwe has one of the most thriving real estate markets at present as one of the nodes of Navi
Mumbai. With upcoming infrastructural projects and the International Airport, property rates are
expected to increase even further and thus hold great potential for investment for the aamadmi,
especially after the Mumbai Trans Harbour Link is completed. Not only will Ulwe become a great
residential and well-developed township, it can bring in great returns for any investment in the long
run. Notable builders in Ulwe at present include Oasis, Swaraj Group and Galaxy Group who have
launched their projects here.
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Category: Lifestyle
