Ulwe Mumbai property rates: Ulwe property holder become millionaire as harbour link, new airport near completion

Ulwe in Navi Mumbai, the city, was known to be bit far from the financial capital of India which is Mumbai. Therefore, that is all estimated to change in some years completely.

With major development of the Mumbai Trans Harbour Link (MTHL) and Navi Mumbai International Airport closing ending up, the real estate sector in this small sized-market is looking forward to get a gear and make property owners into millionaire.

As per to the specialist, property over raising its prices in Ulwe have increased over a years. A flat of two-bedroom in Ulwe is being sales for as price over as Rs 1 crore.

About Ulwe

Ulwe is a mini size-market that was developed by consolidating the villages of the Koli peoples area adding in farming and fishing, given its presence to the sea. According to the real estate point of view, it is a merged market of end property holder and investors.

It is closely located and well-linled by road to Belapur and Seawoods Estate to the north, either around the Panvel Creek, and to Jawaharlal Nehru Port, are known to be greatest place in India, heading to the west.

Cost of flats

The flats of One-, two- and three-bedroom sized rooms in Ulwe range in price from Rs 6,500 per square foot to Rs 13,500 per sq. ft, ranging on elements such as the locality, linkage, and the period time of the building.

Rent which include Rs 6,000 to Rs 12,000 a month for a one-bedroom room, about Rs 20,000 for a two-bedroom flat, and Rs 32,000 to Rs 35,000 for a three-bedroom room, respectively to local dealers.

As per to Sodi, Dronagiri, which is much distanced away from Ulwe, has good possibilities for realisation. The ongoing rate of Rs 5,500-6,000 per sq. ft there is known  to have hike accordingly in the next five to 10 years, he added.