Ulwe is a growing township in the Navi Mumbai development of Mumbai. The whole township is fully planned and made to ensure that it rivals the best planned cities.
Navi Mumbai has been created on the basis of this ideology. After Vashi, it is cited to be the best planned township to be based out of. The metro project has made the township well connected to the rest of the city. There has been a proposal for the construction of an airport which has heightened the prices of the land in Ulwe.
Facilities Available
There are many novel ideas that are being implemented in the area. Reliance Industries have acquired large parcels of land which they propose to use in order to start big residential and commercial activities. There is a well-furnished sports complex where games like football, hockey and badminton can be played in the outdoor grounds and courts. There is also an indoor stadium and swimming pool for those who like to indulge themselves. Most of the land was acquired from the villagers by CIDCO for the development purposes.
Speculations on the Prices
The reason why the prices of the Ulwe and adjoining areas went high was because there was talk of setting up Navi Mumbai International Airport in Ulwe. Additionally, there was also talk of setting up a Special Economic Zone. The actual developments have happened in the residential projects, but most of the price hike has happened as a result of the rumors of government’s development activities. However, even though this was the base of the spurt of growth in prices, there has been no solid activity recorded to bring them into fruition.
Environmental Concerns
The land is very rich in biodiversity and has more than 300 hectares of mangrove forest. There are two rivers, Ulwe and Ghandi, running through it which make the land quite arable and provide for the water needs of the areas surrounding it. If the proposed Airport project comes into fruition, then there will be destruction of over 200 hectares of the mangroves, which will have a great environmental impact even the flooding of the nearby port township of Panvel.
Real Estate Advantages
The advantages of the land are soon to be under threat from the very factors that have made it so popular among the investors. The virgin unadulterated air and the proximity to the ports make it a popular haunt for the families who propose to live there. The drawbacks are the lack of civic amenities. The best ways to commute are the personal vehicles and public transports are quite few and far between. Autos are quite unreliable but still the prices can go up to Rs.6810 per square foot if everything is sorted out.
Is Delhi-NCR real estate moving sluggish
If the recent trends in real estate market in Delhi are to be believed, there is a significant dip in the units sold in the capital and NCR in the last 18 months. The sluggish trend has been whistled by lack of incentives from the administration which is focussing on clearing infrastructure road blocks rather than giving green signal to new projects. With paper works in the backlog, new projects in Delhi are at pause, at least for the rest of the year 2015.
Tips for new residents in Panvel to understand their locale better
Panvel has seen a major transformation from a sleepy suburb to a satellite town and finally to a full-fledged city. The growing population willing to reside in the Mumbai MMR region, the shortage of adequate real estate destinations in Mumbai region has made investors and buyers look at Panvel as their best option. Panvel was famous from its lush green surroundings and farm houses. With changing times and inflow of population there are abundant new projects available in Panvel for investors and buyers alike.
Looking for a green living space in Zirkapur Here are options
Zirakpur located near Chandigarh and part of the tri city comprising of Chandigarh, and Mohali is one of the most popular real estate destinations. While Mohali and Chandigarh investors have had the luxury of investing in properties located closer to nature with lush green belts and parks, Zirakpur residents often faced concrete jungles.
