I totally agree with Arup. I recently came across an article which says that reliance is coming up with a state of the art township which will be launched in Diwali 2013. The expected price will be between 3500 - 4000 per sq.ft maximum. I think builders are aware of it and that's the reason they have made Ulwe as an upmarket destination so that they can sell their flats at premium price because once reliance enters into the market nobody will look at other builders. Here is the detailed link for all:
http://ulweflats.blogspot.co.uk/
I totally agree with Arup. I recently came across an article which says that reliance is coming up with a state of the art township which will be launched in Diwali 2013. The expected price will be between 3500 - 4000 per sq.ft maximum. I think builders are aware of it and that's the reason they have made Ulwe as an upmarket destination so that they can sell their flats at premium price because once reliance enters into the market nobody will look at other builders. Here is the detailed link for all:
http://ulweflats.blogspot.co.uk/
Q:
I have heard that reliance is gablout to launch its integrated township in ulwe which will comprise of 1bhk, 2bhk & 3bhk flats. The pre-launch offer quoted by the reliance infra is Rs.3800 per.sq.ft. The projec will be similar to that of hiranandani in powai. The minimum area for 1bhk flats will be 650sq.ft & 2bhk will be of 1050 sq.ft. The launch in diwali 2013. I am really excited and i am looking forward to put my investment with reliance.
NEW UPDATE GUYS !!!!!
NAVI MUMBAI AIRPORT IDEGINATELY DELAYED - SAID BY CM ASHOK CHAVAN. PUBLISHED IN TIMES OF INDIA. BEWARE OF INVESTING IN ULWE.NEW UPDATE GUYS !!!!!
NAVI MUMBAI AIRPORT IDEGINATELY DELAYED - SAID BY CM ASHOK CHAVAN. PUBLISHED IN TIMES OF INDIA. BEWARE OF INVESTING IN ULWE.
NEW UPDATE GUYS !!!!! NAVI MUMBAI AIRPORT INDEFINITELY DELAYED - SAID BY CM ASHOK CHAVAN. PUBLISHED IN TIMES OF INDIA. BEWARE OF INVESTING IN ULWENEW UPDATE GUYS !!!!! NAVI MUMBAI AIRPORT INDEFINITELY DELAYED - SAID BY CM ASHOK CHAVAN. PUBLISHED IN TIMES OF INDIA. BEWARE OF INVESTING IN ULWE
Plan is to scrap off the airport in navi mumbai as it is no more financially viable option. The alternate site has been confirmed in chakan, pune. Time for navi mumbai property market to crash.Plan is to scrap off the airport in navi mumbai as it is no more financially viable option. The alternate site has been confirmed in chakan, pune. Time for navi mumbai property market to crash.
I had got this information from one of the reliable source who is a part of the reliance infra and is working on ulwe projects. He said that reliance has decided to have aggressive go to market strategy and will have the pre launch rate of Rs.3800 sq.ft & Rs.4000 sq.ft. I've found the same information in one of the blog. I have given the link below of everybody's reference.
My argument here is why the hell anybody will buy from the local builders that too at a premium rate when reliance is offering a quality construction at reasonable price. And for argument sake even if we assume that reliance will quote the price of Rs.5000 per sq.ft (which is a premium price) I would still prefer to pay the premium price to reliance rather than to any local builders in ulwe.
Friends please read this link : http://ulweflats.blogspot.co.uk/I had got this information from one of the reliable source who is a part of the reliance infra and is working on ulwe projects. He said that reliance has decided to have aggressive go to market strategy and will have the pre launch rate of Rs.3800 sq.ft & Rs.4000 sq.ft. I've found the same information in one of the blog. I have given the link below of everybody's reference.
My argument here is why the hell anybody will buy from the local builders that too at a premium rate when reliance is offering a quality construction at reasonable price. And for argument sake even if we assume that reliance will quote the price of Rs.5000 per sq.ft (which is a premium price) I would still prefer to pay the premium price to reliance rather than to any local builders in ulwe.
Friends please read this link : http://ulweflats.blogspot.co.uk/
Yes the construction quality has to be great coz it is reliance. It's a multi billion dollar company and won't stake their reputation in the market with the cheap construction qualityYes the construction quality has to be great coz it is reliance. It's a multi billion dollar company and won't stake their reputation in the market with the cheap construction quality
My comments to replies
i feel if not airport then anyhow MTHL will save Ulwe.. if not both then nothing can save ulwe..
Recent article in Times of India said that there will ne no sign of work to commence on Airport atleast for next 1yr from now as there are lot of legalities which need to be taken care off which includes mangroves replantation site, diversion of river etc. Looking at all these facts it is very clear that Airport work cannot commence for atleast 3-5yrs from now keeping in mind our Indian system.
30th July 2013
Hi Friends,
Could anyone please let me know where exactly the reliance township is planned in ulwe. i think that plot 1 sec9 is of Bhagavati group. this is the biggest plot in ulwe but not for tonwship for sure.
Hi tehre...... the plot for township hasn't been confirmed yet but it is definately due to launch somewhere on or after diwali. I would also likt to bring to everyone's notice that CIDCO thinks that airport in mnavi mumbai is unviable not and they do have plans to shift it to chakan in pune. It was in business standards recently. Below is the link for you all. I still urge to everbody that do not buy property in ULWE at such high prices as the bubble is going to burst soon.
http://www.business-standard.com/article/current-affairs/navi-mumbai-airport-might-be-unviable-fears-cidco-113061200759_1.html
Hey Gary, Thank you for sharing this informative piece of informative. What is your say Gary will there be more delay?
Hi Vineet
Ashok Chavan has already announced that there is indefinate delay in the launch of airport and this was official in papers. The google search will help you with this information. Indefinate is a very strong word and now the news in business standard to move the airport to chakan definately raises the eybrows. I still urge that ulwe is not a safe option for investment as if today. There was sought to be correction in property prices which hasn't has happend yet but this bubble is definately going to burst and it will burst in elections 2014 where all the black money from the property market will be pumped out to fund the elections. I strongly urge to people that do not invest in ulwe as it is very risky. The instability in ulwe is very clear...imagine a price rage of Rs5000 per sq.ft for a zero infrastructure. How would like to pay a premium price for nothing.
Q:
Property bubble to soon blast in ULWE. The Navi Mumbai airport has become financially unviable option and plans are almost confirmed to cancel the airport and return the land which was acquired initially.
The news which was published in times of india saying that airport work to commence next year was only to ensure that prices do not fall any further. Most of the newspapers were asked not to publish the latest news but Mid-day went ahead and published the fact. Consumers please be cautious and do not buy any property in Ulwe as future is really dark. Please follow the mid-day link below for the update:
http://www.mid-day.com/news/2013/aug/150813-navi-mumbai-airport-cm-shoots-down-returning-developed-land-to-farmers.htm
Hi Gary, Few days ago there was a news saying that Ulwe is an upcoming name in residential market of Navi Mumbai. The property prices in Ulwe have been increasing in a range of 23- 30% annually from last five years. According to real estate experts, Ulwe is going to be a major real estate destination and a successful planned city in another 5 – 6 years. Now you are telling that the future of Ulwe is really dark so I am a bit confused.
Hi Jerome
Its an effort to make ulwe an upmarket destination. Today prices in ulwe is at par with kharghar and hardly any far waya from nerul. If you compare ulwe's prices againts the current infrastructure in the area so there isno sync at all. No public transportation (including bus & rail connectivity) at all. Rental income as per august 2013 in ulwe is almost NIL. I simply cant find any logic & maths in this calculation. You end up paying Rs.5000 per sq.ft in ulwe and what do get in return is nothing. Also the 2014 elections are on the way plus share market is completely screwed up.....all the black money from real estate will be sucked out in 2014 by the politicians and builders will become aggressive to sell.
I do agree that ulwe will be a good destination but atleast 5-8yrs from now. So why would you pay such a premium price now specially when you get no return on the premium which you pay.
19th August 2013
I somewhere agree with the above statement that the demand for residential project is increasing in Ulwe as the area is offering affordable housing. Ulwe has seen 47% growth in demand for 1 and 2-BHK properties.
Mr Dixit....ulwe was meant to offer an affordable housing but looking at the current prices in ulwe do you really feel it is afordable ? There is demand in the market as well as suppy but the current market prices are not allowing demand & supply to sync together because of which sales are all time low and people are just sitting at the fence.
19th August 2013
Hi Gary,
Planning to invest a property in Dombivali East with a renowed Builder. What is scope of it in near future ??
Hi Bhargavi
I have limited knowledge as far as dombivali is concern hence I am unable to coment on this. Thanks
20th November 2013
Hi Gary, I'm an NRI who is interested in-terms of Investment and Residential point of view at Ulwe, even I don't find a logic paying
Hi Ronnie, If you are keen to invest then i'll advise you to explore Pune. You will get excellent quality of construction. Plus builders in pune are not thieves like one in navi mumbai who say that they are offering you 1000 sq.ft but you end up getting only 600 sq.ft.
Q:
Finally the most awaited time has come. The most hyped navi mumbai property market (specially ULWE) soon to progress on the path of misfortune. The hyped bubble in real estate market is about to burst anytime now. History will be repeated again with massive correction in prices (upto 40%) is expected. Set back to property market after 1997-2003 is about to arrive.
A cautious advise to genuine buyers that do not buy property in ULWE in present scenario as you'll face a big loss due to price correction which will happen in next 6months - 12months & before 2014 elections. Please follow the link for more information:
Hi Ashish
I some what disagree with you. This is not the right time to invest at all. The market is yet to see atleast 20% & upto 40% correction in property prices in next 6-12months. So imagine anyone buying property at the rate of 5000 sq.ft today and prices fall from 20-40% in next 6-12months. The buyer will be at loss.
Also there is no way the prices in a area like ulwe can be double in next 5yrs as the current prices itself are inflated and reached saturation point.
I strongly advise everybody to refrain from investing in ulwe for next 6-12months. Also the new RBI policy (80:20) which was announced today has hit the real estate market hard and prices are expected to fall further.Hi Ashish
I some what disagree with you. This is not the right time to invest at all. The market is yet to see atleast 20% & upto 40% correction in property prices in next 6-12months. So imagine anyone buying property at the rate of 5000 sq.ft today and prices fall from 20-40% in next 6-12months. The buyer will be at loss.
Also there is no way the prices in a area like ulwe can be double in next 5yrs as the current prices itself are inflated and reached saturation point.
I strongly advise everybody to refrain from investing in ulwe for next 6-12months. Also the new RBI policy (80:20) which was announced today has hit the real estate market hard and prices are expected to fall further.
My comments to replies
Dear Gary,
What u r saying about ulwe now, many said same about ghodbunder road 10-12 yrs back. and you know the results now. Same was the case with Seawoods. Property rates are never going to go down.
I bought an apartment in Ulwe and 1 in Ghodbunder road both in 2013, and both places have experienced growth buy 25% buy now.
Hi Aryfort,
I am personally not a great fan of inflated rates so the point is for you to go out in the market and find a real buyer who could pay 25% appreciated price for your property.
12th July 2016
Ulwe is going to be a major real estate destination and a successful planned city in another 5 – 6 years. but my question is HOW????? The proposed infrastructural projects has not yet started and no idea when it is going to start. As I have heard that there is some problem with land acquisition for Airport in Panvel.
You are absolutely correct Sishir. There is no way ULWE is going to be a major real estate destination in next 5yrs. Airport - It will take another 3yrs atleast for the work to commence on the airport (that too only if land is acquired) and further atleast 10yrs for the airport to build & operate. Which means that the airport will only be up and running after 15yrs from now. Tranis - The work has not commenced on theline between seawoods & ulwe. No signs of commencement work atleast for next 5yrs + another 2-3 yrs for the development. No bidders for sea-link yet. Once the contract is awarded (which will easily take 2-3yrs) it will take minimum 5yrs to built the sea-link. Overall there is no way ulwe can be a major real estate destination for next 10yrs. SO why the hell property prices in ulwe is at par with kharghar & nerul. And the worst thing is ulwe is NOT even in a position to generate a RENTAL INCOME for buyers who invest there. BEWARE OF ULWE FOR NOW
4th September 2013
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