Why Should You Invest in Ulwe?

A mid-segment locality at the node of Navi Mumbai, Ulwe, lies close to Belapur and Nerul. The neighbourhood is developed and maintained by CIDCO and has a population of over 1.6 lakh residents, spanning an area of 48.99 sq. km. The Raigad district area comes under the Panvel Municipal Corporation. Another significant feature of the suburb is it serving a host to the upcoming Navi Mumbai International Airport. Ulve recently gained traction due to its range of affordable housing, with ready-to-move 1 and 2 BHK flats. Thus arises the question of what makes the locality a preferable destination for investment, given its strategic location, growing infrastructure, and strong growth potential. Let's dive deeper into these factors and how they could persuade investors. 

1. The real estate market in Ulwe is growing rapidly 
Ulwe has emerged as one of the top players in Navi Mumbai’s real estate market, witnessing a surge in demand, especially from the middle-income groups. Over the last five years, flats have had an appreciation growth rate of an estimated 21.1%. The current average price per sq foot stands ₹7,660, making the locality an attractive destination for investment, showing signs of high ROI in the future. 

2. Location and increased connectivity
Situated on Navi Mumbai's outskirts, Ulwe is an affordable destination for home buyers. The developing locality lies near business hubs such as CBD, Belapur, and Vashi, offering properties to professionals on a budget. Regarding connectivity, residents can access the following modes of transportation. 

• Bamandogri railway station, Dapoli station, and Targhar station are great options for commuting to other parts of the city. 
• It is located alongside the NH-348A, offering connectivity to Mumbai city. JNPT Road and Uran-Panvel Road are some other viable options for commuting.
• With the Mumbai Trans-Harbour Link nearing completion, excitement surrounds the upcoming Navi Mumbai International Airport.

3. Growing Social Infrastructure 

It's no secret the role social amenities play regarding investors parking their money. Hence when it comes to Ulwe, the locality continues to up its game in building schools, colleges, and recreational centres, with some options being the following. 
Schools and Colleges

• Gaurav High School & Jr. College    
• Sushma Patil Vidhyalaya
• VP English Medium School & Junior College        
• New Sudhaghad High School
• Barns Galaxy College of Old    
• Bhatia School
• DAV International School Kharghar

Medical facilities

• Anurag Nursing Home
• Suyash Hospital    
• Doctor's Clinic    
• Dr. Sonawane's Hospital    
• Army Medical Facility    
• Patoriya Eye Hospital
• Suyash Hospital        
• Eyemax Super Speciality Eye Centre        
• Shivam Eye Foundation 
• Bansal Specialty Clinic

Recreational Centres

• K Mall
• Nexus Seawoods
• Harware Mall
• Max Movies
• SIES Amphitheatre
• Navratna Veg Restuarant
• Mcdonald’s
• Subway
• Dominos 

4. Ulve offers promising ROI

An attractive destination for home buyers and investors, courtesy of its affordable nature, Ulve continues to be a great alternative to the commercial capital and cities of MMRDA. The Raigad district locality continues to experience a surge in demand, with top developers formulating exciting projects in the pipeline. With several infrastructure projects in the works, the Navi Mumbai suburb is on its way to becoming a residential and commercial hub. 

5. A great rental market
A perfect mix of social infrastructure and availability of space, Ulwe is an attractive destination for the rental market, with the current average rent being approximately ₹14,646. As the property appreciation continues to slope upwards, the most current estimated rate is 2.5%. Nonetheless, given its strategic location and promising ROI, the demand for rental housing is expected to increase, especially among working professionals. 

6. Upcoming infrastructure projects 
The projects currently under work are only going to improve things for the real estate market in Ulwe, especially regarding infrastructure. 

• The under-construction Belapur-Uran Suburban Railway Corridor will have a station in the Gavhan area in Ulwe.
• The highly anticipated Navi Mumbai International Airport.
• The under-construction Metro Line 1 is 7km from the Belapur Metro Station.
• The soon-to-be-completed Mumbai Trans Harbour Link will offer seamless connectivity between Navi Mumbai and Mumbai.

According to some insights from the market, most buyers prefer investing in properties in the range of ₹50 lakhs, with 1 BHK flats being in most demand. For those contemplating buying/investing, Blox offers a streamlined process with a mere 7 clicks with some of our following services.

• Exclusive Properties
• Site Visits
• 0% Brokerage
• Constant Connect
• Online Booking

Final thoughts

The coming years could see Ulwe emerge as a game-changer for Navi Mumbai, courtesy of the investments pouring in from all ends. Benefiting from its location and connectivity, the upcoming neighbourhood has many projects lined up with affordable pricing. Well-connected to Mumbai, Navi Mumbai, and other significant cities via an extensive network of roads and railways will help boost Ulwe’s economy, making it a wise investment choice. Hopefully, the above blog has helped you assess the driving factors behind the growth of Navi Mumbai suburban and why it could be your next investment destination.