Navi Mumbai is recognised as the Mumbai MMR’s one of best places to live.
It is a well-developed suburb that has been gaining steadily in popularity with real estate sector investors thanks to significant infrastructure improvements such as the upcoming Navi Mumbai Airport or Mumbai Trans Harbour Link or Navi Mumbai’s Metro reasons why many people are choosing these localities.
Dharmesh Thakkar, Homebazaar.com AVP said, “Panvel and Ulwe, both localities are experiencing a tremendous surge in their real estate markets and infrastructure development. Investors and homebuyers have been drawn to these localities not only for their growth potential but also for the promise of improved living standards.”
Note:
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Ulwe Vs Panvel: Real Estate Overview
The rising real estate investments in Ulwe and Panvel have been influenced by the arrival of many reputable developers and the area’s relatively low inventory supply in contrast to Mumbai.
Real Estate Overview of Ulwe
Navi Mumbai’s one of the rising locality Ulwe is a burgeoning node that primarily consists of residential units, and has benefited from its proximity to upscale micro markets like Seawoods, Nerul and the CBD Belapur.
An essential construction that has contributed to Ulwe’s real estate boom is the Sewri-Nahva Link.
The Value of Property in Ulwe has risen dramatically over the last few years as a result.
In addition, many famous people have made investments in this area in the hope of making big profits.
Real Estate Overview of Panvel
Panvel, which is divided into East & West Panvel, Khanda Colony, Adai, and the vicinity of the Mumbai-Pune Expressway, is a neighbourhood in the Raigarh District.
The Mumbai-Pune Highway, NH-48, & NH-66 all link to the area.
Panvel’s housing inventory consists of cooperative residential societies and apartment complexes.
It is a good place for everyone to buy a home because there is a good mix of completed homes and homes that are still under development.
Property values have achieved a saturation point in Panvel.
Although the upcoming new metro line from CBD Belapur to Taloja and via Kharghar is likely to drive up prices in this area, the rate of appreciation would be lower than in Ulwe.
Ulwe Vs Panvel: Infrastructure and Upcoming Developments
Connectivity for Ulwe
The Nerul-Uran Rail Line of a Mumbai Suburban Rail, JNPT Road, & Palm Beach Road provides excellent access to Mumbai from the area.
Additionally, there will be smooth connectivity between Navi Mumbai and Mumbai thanks to the nearby Mumbai-Trans Harbour Link, which is now under construction.
Connectivity for Panvel
Panvel is connected to Mumbai (MMR) by train at Panvel Junction, a crucial mode of transit for everyday commuters.
Panvel is also in proximity to the Mumbai-Pune Expressway.
It takes 15 minutes to get to the upcoming International Airport of Navi Mumbai & 50 minutes to get to the Mumbai-Trans Harbour Link.
Is Panvel Good For Real Estate Investment
- Living near the city yet being surrounded by nature is possible thanks to Panvel.
- Because of its proximity to Mumbai, it has a substantial population.
- Panvel has experienced rapid growth over the years while preserving its pristine ecosystem of mountains, vast, lush open spaces, lakes, and numerous historic sites.
- It is conveniently located halfway between Pune and Mumbai.
- Due to the numerous developers that have recently joined the market with significant projects and alluring offers, the real estate sector has recently experienced significant expansion.
- With the excellent connectivity options available and growing infrastructure Panvel is no doubt the best place for real estate Investment.
Is Ulwe Good For Real Estate Investment
Ulwe is a fresh draw for investors searching for properties close to Navi Mumbai in its prospective surroundings.
- Ulwe is transformed by CIDCO from a small fishing community to a tidy suburb.
- CIDCO still has some vegetation because it was once a village. Those who are sick of Mumbai’s urban jungle may find this to be a great draw.
- Ulwe is developing in the infrastructure area. Although CIDCO has planned for hospitals and shopping centres, they will soon bear fruit.
- In Ulwe, the majority of buildings are still under construction as the demand for the residential sector is growing thanks to Navi Mumbai International Airport.
- Despite being close to affluent communities like Seawoods and Kharghar, Ulwe’s inexpensive pricing is its major selling point.
- Many people from Mumbai and celebrities are investing in this locality looking at its long-term returns.
Property Rates In Ulwe Vs Panvel
Both localities Ulwe Vs Panvel are reasonably priced residential sectors, with more than half of the available inventory costing Rs. 50 lakh to Rs. 1 Cr
Over 80% of the total supply of homes in these locations is available in the most popular configurations, 1 BHK as well as 2 BHK apartments.
Here are the average property rates in Ulwe Vs Panvel.
| Locality | Property Price Per Sq. Ft | 5Y Flat Price Growth |
| Ulwe | Rs 14,000 | 19% |
| Panvel | Rs 12,800 | 26% |
Housing for rent is in high demand in both Ulwe and Panvel.
Here is a monthly rental for Ulwe vs Panvel,
| 1 BHK in Ulwe: Rs 9,000 | 1 BHK in Panvel: Rs 10,000 |
| 2 BHK in Ulwe: Rs 15,000 | 2 BHK in Panvel: Rs 16,500 |
| 3 BHK in Ulwe: Rs 25,000 | 3 BHK in Panvel: Rs 27,000 |
Ulwe is a node that is rapidly developing, in contrast to Panvel, which has a strong social infrastructure.
Although its social as well as retail infrastructure depends on the nearby communities of Seawoods, CBD Belapur, and Nerul, upcoming projects make it the perfect choice for investors, particularly those with a horizon of 5-10 years in mind.
In contrast hand, Panvel is suitable for end uses.
Best Residential Projects In Ulwe Vs Panvel
Easy connectivity and major employment hubs like Nerul, Belapur, Vashi and Kalamboli make Ulwe and Panvel preferred living locations.
Here are the best Residential projects in Ulwe,
| Project Name | Configuration | Project Status |
| Unimont Sapphire | 2 BHK | Ready Possession |
| Dream ONYX | 1 BHK | Under Construction |
| Tejas Ambience | 1,2 BHK | Under Construction |
| Lakhani Royale | 1,2 BHK | Under Construction |
Here are the best Residential project in Panvel,
| Project Name | Configuration | Project Status |
| Wadhwa Wise City | 1,2 BHK | Under Construction |
| Godrej The Highlands | 1,2,3 BHK | Under Construction |
| Marathon Nexzone | 1, 2,2.5 BHK | Under Construction |
| Arihant Aspire | 1,2 BHK | Under Construction |
FAQs
| Which is better Ulwe or Panvel?
In comparison to Panvel, Ulwe is favoured for rental homes because of its close vicinity to important job hubs including Belapur, Vashi, Nerul, Taloja, Kharghar and Kalamboli. This is also the reason why rental prices here are a little bit higher than they are elsewhere. |
| Is there 1 BHK in Ulwe Under 30 Lakhs available?
Yes, there are many 1 BHK residential flats available in Ulwe under 30 Lakhs. |
| Which is the richest area in Navi Mumbai?
Properties in Ulwe, which is perhaps Navi Mumbai’s richest neighbourhood, cost about Rs. 8,000 per sq ft. |
| What is the average 2 BHK apartment price in Panvel?
The average 2 BHK apartment price in Panvel goes around Rs 55 L- 1 Cr. |
