Have you heard about the latest real estate hotspot in the vicinity of Mumbai – Uran? Well, you must have, given how prolifically it has been booming and developing over the past few years.
For the uninitiated, Uran is a small coastal town in the Raigad district of Maharashtra, India. It is located on the coast of the Arabian Sea, about 50 km from Mumbai. Naturally, Uran – a part of Navi Mumbai – has been witnessing a rapid development in the past few years, attracting many people who are looking for a peaceful and affordable place to live.
But what makes Uran so special? Why is it becoming one of the most sought-after residential locations in the region?
Let us explore some of the compelling reasons for the meteoric rise of the latest urban centre near Mumbai.
Uran has a Rich History and Culture
It was once a part of the Maratha Empire and later a British naval base. It has many historical monuments and temples, such as the Bhetkeshwar Mahadev Temple, the Dronagiri Fort, and the Pirwadi Beach Fort. Uran also hosts several festivals and fairs throughout the year, such as the Uran Mahotsav, the Gauri Ganpati Festival, and the Datta Jayanti Festival.
Uran has a Scenic and Serene Environment
It is surrounded by hills, forests, and water bodies, offering a natural beauty and a pleasant climate. Uran has many beaches, such as the Pirwadi Beach, the Mora Beach, and the ONGC Beach, where one can enjoy swimming, boating, fishing, and picnicking. Uran also has many parks and gardens, such as the Uran Nature Park, the JNPT Park, and the NRI Park, where one can relax and rejuvenate.
Uran has a Strategic Location and Connectivity
It is close to major cities like Mumbai and Pune, as well as industrial hubs like Navi Mumbai and Panvel. It is well-connected by road, rail, and air. It has access to the Mumbai-Pune Expressway, the Sion-Panvel Highway, and the NH-4B. Uran also boasts a Harbour Line railway station. It also has proximity to the Chhatrapati Shivaji International Airport. The best bit? The upcoming Navi Mumbai International Airport will add to both the connectivity and the rapid growth of the suburb in the coming years.
Uran has a Booming Economy and Infrastructure
It is home to many industries and businesses, such as the Jawaharlal Nehru Port Trust (JNPT), the Oil and Natural Gas Corporation (ONGC), Reliance Industries Limited (RIL), Tata Power Company Limited (TPCL), and Larsen & Toubro Limited (L&T). It also has many educational institutions and healthcare facilities, such as the Uran Education Society's College of Engineering (UESCOE), the Dr. Babasaheb Ambedkar Technological University (DBATU), the MGM Hospital, and the Apollo Hospital.
Uran has a Diverse and Vibrant Community
Like the culturally-rich fabric of urban society that thrives in Mumbai and nearby regions, Uran also has people from different religions, castes, languages, and backgrounds living together in harmony. It has a cosmopolitan culture that respects diversity and promotes inclusivity. It also has a lively social life that offers various entertainment options, such as restaurants, cafes, pubs, clubs, malls, multiplexes, and theatres.
Uran has a Modern and Affordable Residential Scene
Property prices in Uran are still relatively affordable compared to other parts of Navi Mumbai. This makes it an attractive option for investors who are looking for a good investment opportunity. The average property price of the residential real estate market in Uran has hovered around the Rs. 7,000 per sq. ft. mark for a long time, making it a very lucrative and pocket-friendly hotspot. As for the price range of properties in the locality, one can expect to purchase flats, apartments, and houses in the range of Rs. 3,000 to Rs. 20,000 per sq. ft. Nagaon and Bori Pakhadi are some of the most promising neighbourhoods in Uran that one can explore for their new home. Rental yields in the area are also stable, ranging from Rs. 4,500 to Rs. 8,000 per month.
Final Thoughts
Uran is indeed an ideal residential location for anyone who wants to enjoy a high quality of life at an affordable cost. It offers a perfect blend of history, culture, nature, convenience, development, and diversity. On top of all this, Uran is perfect for bachelors, youth, working professionals, and families looking to afford a pocket-friendly home in a rapidly-developing suburb of Navi Mumbai. It is no wonder that Uran is witnessing a meteoric rise in its popularity and demand.
