Regarded as one of the best places to reside, Navi Mumbai in the Mumbai Metropolitan Region (MMR) is a well-planned city. It has been witnessing consistent traction from real estate buyers on the back of big infrastructure projects like
- Navi Mumbai International Airport,
- Mumbai-Trans Harbour Link
- Navi Mumbai Metro Lines I, II, and III,
The influx of several reputed Property Dealers in Panvel, Navi Mumbai and relatively inexpensive inventory supply all across Mumbai have also donated to the increased home purchasing trend in the city. Ulwe and Panvel are the most preferred locations which entice citizens even from outside the state for buying varieties of property like flats, villas, residential homes, etc.
Where to buy property in Mumbai?
Ulwe and Panvel have developed as the new hotspots for real estate investments in Navi Mumbai for many reasons. The localities here are managed by the City and Industrial Development Corporation of Maharashtra (CIDCO). These are growing on the back of robust connectivity, expanding infrastructure and affordability. Online property portals provide a comparative analysis between the two localities. This is how you can decide and make an informed home buying decision in Ulwe and Panvel.
Why have Ulwe and Panvel in Navi Mumbai become a preferred location?
Navi Mumbai has developed to be the desired choice for investors worldwide looking for well-turned-out infrastructure, civic facilities and state-of-the-art developments. A considerable number of housing projects across the budget are running out everywhere, attracting people from all walks of life. However, when it comes to procuring properties at reasonable pricing, Ulwe and Panvel have been on top of the list of homebuyers over the last 2-3 years in the southwest of the city. The reasons are multiple. In closeness to the upcoming projects, both the areas are advantageously located and offer a host of housing choices. Nonetheless, before you devote yourself to any micro-market, it is essential to understand which vicinity scores advanced in terms of capital returns.
Geographical positioning
Ulwe: Majorly comprising residential apartments, Ulwe in Navi Mumbai is an emerging node that has mainly profited due to its closeness to Seawoods and Nerul's superior micro-markets and the Central Business District (CBD) of Belapur. Some other employment hubs near Ulwe comprises of
- Raheja Arcade,
- International Infotech Park,
- Haware Fantasia Business Park and
- the Navi Mumbai SEZ at four km.
This locality also recommends exceptional connectivity to Mumbai via the JNPT Road, Nerul-Uran Railway Line of the Mumbai Suburban Railway, and Palm Beach Road. The Sewri-Nhava Link is upcoming projects, at five km, along with the prominent Jawaharlal Nehru Port, approx.18 km from Ulwe.
Residential development
Both Ulwe and Panvel are reasonably priced living localities with around 40 per cent and 50 per cent records priced below Rs 60 lakh. The most usual configurations obtainable in these localities are 1 BHK and 2 BHK units, considering over 40 per cent of the total residential accumulation. As per the property listings online, multi-storey apartments form over 90 per cent of records prepared for sale in both localities.
Easy accessibility
Easy accessibility with significant employment centres of Belapur, Taloja, Nerul, Vashi, and Kalamboli is one of the motives why Panvel is chosen over Ulwe for rental housing.
This is also the reason why rental values in this locality are slightly higher than the latter.
Reasons to choose Ulwe and Panvel:
- While Panvel enjoys the presence of good social infrastructure, Ulwe is still a developing node.
- It depends on the nearby areas of CBD Belapur, Seawoods and Nerul for social and retail infrastructure.
- The upcoming developments make it an ideal choice for investors, especially those keeping a horizon of 4-5 years in mind.
- Panvel, on the other hand, is suitable for end-use purposes.
However, if you want to invest in any of these localities, consult one of the top Property Dealers in Ulwe, Navi Mumbai before finalising one.
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