Ulwe: A Hot Favourite Realty Spot Among Investors and Home Buyers

Mumbai’s saturated landscape has benefited several localities on the outskirts, and Ulwe is certainly one among those. Coming under the purview of CIDCO (City and Industrial Development Corporation), the area is winning the interest of investors big time. The locale came to light at once following the announcement of several infrastructural projects. But it was the proposal of Navi Mumbai Airport which trigged what it is now an overwhelming demand. However, it was a different story, say, 4-5 years back. The area’s basic infrastructure wasn’t as good as one would like to. But, the situation is fast changing now and the locale is on its way slowly to become a top-class housing destination. Leading names in the real estate market like, Balaji Symphony, Shree Samarth Enterprises, Landmark Developers, and others are presently working on rendering affordable housing solutions here.

The ease of accessibility to Mumbai-Pune Expressway and National Highway has helped too! It’s believed by industry experts that the property prices in Ulwe can grow significantly to scale 70% rise compared to what it was back in 2015. Apart from Navi Mumbai International Airport, SEZs, Seawoods-Ulwe link, and Mumbai Trans-Harbour Link are in the pipeline and expected to play a crucial role in burgeoning the real estate market of Ulwe.

The area has come a long way in improving its social amenities as well. Schools like, DAV Public School, Zilla Parishad School, RZP School, and Chhatrapati Shivaji High School are situated right within. Additionally, there are collages, such as Science and Commerce College, and Mahatma Phule Arts. MGM Hospital, Smart Care Diagnostic, Shree Samarth Hospital, and Apollo Hospital are the healthcare centres inside Karjat.

Today, on average, an end-user spends Rs. ₹ 19,089 / sqft when it comes to buying flats in Ulwe and is expected to get better as the year progresses. On the other hand, the average selling price of a plot in Ulwe stands close to Rs 9,921 / sqft. With property prices growing northward and exciting developments in the pipeline, this may well be the right time to park one’s money in Ulwe’s real estate.