Ulwe Property Market: An Overview

[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

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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

Read also : Shapoorji Pallonji Real Estate to launch six projects in FY18

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)

Read also : CPWD to monitor projects, works through web-based software

 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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