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Ulwe (Navi Mumbai) To Witness 145% Increase In Property Prices By 2018

The real estate value of Ulwe in Mumbai has increased considerably up to an average of 30% annually over the last five years. The main reason behind this price explosion is the proposed Navi Mumbai International Airport Project. The proposed airport is expected to become operational in 2016.

According to Knight Frank’s Investment advisory Report 2012, the housing prices in Ulwe are expected to jump by over more than 145 percent over the next five years.

Today, Ulwe is among one of the most favorite and the hottest destination for residential real estate investment in the country. According to the report, Ulwe will also be immensely benefited by the upcoming Seawood – Uran suburban rail network, which will be connecting the most prominent office hubs helping build a mass rapid transport system in the area.

The Mumbai Trans Harbour Link connecting South Mumbai and Navi Mumbai also contributes to this skyrocketed hike in the real estate prices.

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