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1. Ulwe
Ulwe is a quiet suburb in Navi Mumbai, which is witnessing a lot of buyer interest in recent times. The Panvel Creek
separates it from the developed suburbs of Seawoods and Belapur. Until few years back, Ulwe was a little known
locality which was predominated by fishing villages such as Morave and Shivaji Nagar.
Over the last five years, prices of properties in Ulwe, have skyrocketed with an average annual appreciation ranging
between 25-30%. The spurt and recognition of Ulwe as one of the fastest growing Mumbai suburbs, has come about
because of both the in progress and proposed infrastructure projects.
Residential Demand in Ulwe
Infrastructure Initiatives
30%
Extension of Navi Mumbai
Suburban Train Network (Nerul –
Seawoods – Uran)
Under Construction
New Mumbai International
Airport
Proposed
Sewri – Uran Sea Link
Proposed
10%
Navi Mumbai Special Economic
Zone (SEZ) by Reliance Group
Proposed
5%
25%
20%
15%
0%
Q1'12


Q2'12
Q3'12
Q4'12
Q1'13
Talking about the current status of Ulwe, the micro market is yet to develop and lacks basic infrastructure including
a network of roads, water supply and drainage system
Public transport available is also limited with few buses and private auto-rickshaws running, with approximate
waiting time ranging between 20-30 minutes
For more on our research | Samidha Bansal | Deputy Manager - Research and Analysis | +91 (044) 3098 0519 | samidha.bansal@indiaproperty.com

2. 
It’s a known fact that the Local Train Network
is one of the key life lines for functioning of
Mumbai and its suburbs and also defines
rates of apartments in Mumbai
The extension of Navi Mumbai Suburban
Train Network connecting Nerul – Seawoods –
Uran, will put Ulwe on the local train network.
It is currently under construction
The New Uran Road connects Ulwe to the
Belapur CBD (Central Business District),
making Ulwe a preferred destination for
staying


Major Residential Projects in Ulwe, Mumbai:
PROJECT
DEVELOPER
Vedant Ayush
Hariom
Developes
Kishor
Construction
Proviso Group
Today Group
Lakhani Group
Swaraj Group
Paradise Group
Sunny Buildtech
Sai Puja
Complex
Corner
Paradise
White Castle
Kingston
Sai Sapphire
Orchid Bliss

Budget Preference of Buyers (per Sqft unit rate)
50%
40%

30%
20%
10%

0%
< 2000 psft
2000 - 3000
psft
3000 - 4000
psft
4000 - 5000
psft
Q1'12
Q2'12
Q3'12
Q4'12
> 5000 psft
Q1'13

If all these projects come through, then growth
of Ulwe would have a story to tell in the future
 But unfortunately as of today, there is no clarity
regarding the progress and future of these big
infrastructure and development initiatives
 SEZ, Airport and the improved connectivity via
the sea link, are seen as engines that will ensure
that the area and the surrounding places get
good-quality roads and other infrastructure
 This has made both end users and investors
apprehensive about the future of Ulwe
 As the property rates have already appreciated
due to the announced infrastructure projects,
s
the future growth of the area is directly linked to
the revival of these key projects
PROPERTY PRIICE (INR
psft)
4000 -4500
4500
4000 -5000
4000 -5000
4000 -5000
4000 -5000
4000 -5000
4000 -5000
Ulwe is also in close proximity to the
functional Jawaharlal Nehru Port and SionPanvel Expessway which further connects to
the Mumbai-Pune Expressway
The mentioned aspects have made Ulwe a
favourable end user destination, as it is
affordable compared to its neighbouring
localities and yet well connected
But the bigger reasons for price explosion and
drastic increase in investor interest in Ulwe
were the proposed International Airport, 22km Sewri-Uran trans-harbour link connecting
the main city to Navi Mumbai and a Special
Economic Zone (SEZ) announced by Reliance
Industries
Unit Type Preference of Buyers
80%
70%
60%
50%
40%
30%
20%
10%
0%
1 BHK
Q1'12
2 BHK
Q2'12
Q3'12
3 BHK
Q4'12
Q1'13
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For more on our research | Samidha Bansal | Deputy Manager - Research and Analysis | +91 (044) 3098 0519 | samidha.bansal@indiaproperty.com