Ulwe Vs Panvel : Where Should You Put Your Money In Navi Mumbai?

Ulwe Vs Panvel : Ulwe and Panvel are the two preferred locations in Navi Mumbai, attracting massive property investments. These CIDCO-managed areas provide numerous conveniences that contribute to a comfortable lifestyle. The pertinent question, however, is which of the two is best for a home purchase. navimumbaihouses provides a comparative analysis of the communities to assist you in making an informed decision.

Navi Mumbai in the Mumbai Metropolitan Region (MMR) is a well-planned city that has seen consistent traction from real estate investors as a result of large infrastructure projects such as the Navi Mumbai International Airport, Navi Mumbai Metro Lines I, II, and III, and the Mumbai-Trans Harbour Link. The influx of several reputable developers, as well as the relatively inexpensive inventory supply in comparison to Mumbai, have also contributed to increased real estate investment in Navi Mumbai.

While the city has several rapidly evolving nodes, Ulwe and Panvel in the city’s south-west have been on the radar of homebuyers for the last 4-5 years for a variety of reasons. Both areas are strategically located near the upcoming international airport and offer a variety of housing options. However, before investing in any of the micro-markets, it is critical to understand which locality has the highest capital returns.

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Geographical location

Ulwe Vs Panvel : Ulwe

Ulwe in Navi Mumbai is a developing node that has benefited primarily from its proximity to premium micro-markets such as Seawoods and Nerul, as well as the Central Business District (CBD) of Belapur. Raheja Arcade, International Infotech Park, Haware Fantasia Business Park, and the Navi Mumbai SEZ are all within four kilometres of Ulwe.

The Nerul-Uran Railway Line of the Mumbai Suburban Railway, JNPT Road, and Palm Beach Road provide excellent connectivity to Mumbai. Furthermore, the nearby Mumbai-Trans Harbour Link will provide seamless connectivity between Navi Mumbai and Mumbai.



List of RERA-registered projects in Ulwe

Project Name Configurations Status
Balaji Mayuresh Delta 2, 3 BHK Ready-to-move
La Queen 1, 2 BHK Possession in Dec 2022
Marquis Royal Palm 2, 3 BHK Possession in Dec 2026
Delta Heights 2 BHK Possession in Jul 2026


Ulwe Vs Panvel : Panvel

Panvel is divided into Panvel East, Panvel West, Khanda Colony, Adai, and the area along the Mumbai-Pune Expressway and is located in the Raigarh District. The Mumbai-Pune Highway (26 km), NH-48 (2 km), and NH-66 connect the area (4 Km). Panvel junction, a vital mode of transportation for daily commuters, connects Panvel to the Mumbai Metropolitan Region (MMR) by rail. The upcoming Navi Mumbai International Airport and Mumbai-Trans Harbour Link are both 20 minutes away.

Panvel’s residential inventory consists of apartment projects and cooperative housing societies. It is a suitable home-buying destination for all because it has a good mix of under-construction and ready homes.


List of RERA-registered projects in Panvel

Project Name Configurations Status
Kalpataru Park Riviera 2,3 BHK Possession in Dec 2025
Balaji Symphony 1,2,3 BHK Ready-to-move
Marathon Nexzone 1,2,3 BHK Ready-to-move
Paradise Sai World City 2,3, 4 BHK Possession in Dec 2022


Ulwe Vs Panvel : Residential construction

Ulwe and Panvel are both affordable residential areas, with more than half of the inventory priced between Rs 50 lakh and Rs 1 crore. The most common configurations available in these areas are 1 and 2 BHK units, which account for more than 80% of total residential supply. According to navimumbaihouses.com  listings, multi-story apartments account for more than 90% of the inventory for sale in both areas.


Ulwe Vs Panvel : Price developments

The average property value in Ulwe is around Rs 8,600 per square foot, while the average purchase price in Panvel is around Rs 8,200 per square foot.


Average buy rates in Ulwe and Panvel

Locality Buy rate (per sq ft) YoY change in prices Change in the last five years
Ulwe Rs 8,600 1 percent 25 percent
Panvel Rs 8,200 2 percent 20 percent



Both Ulwe and Panvel have consistent demand for rental housing. According to the navimumbaihouses Insite Report, Nerul, Seawoods, Kharghar, Ghansoli, and Ulwe remained popular for 2 BHK rental accommodations priced between Rs 20,000 and Rs 35,000 per month in Apr-Jun 2022.


Ulwe Vs Panvel : Monthly rentals in Ulwe and Panvel

Locality 1 BHK 2 BHK 3 BHK
Ulwe 8,500 14,000 23,000
Panvel 9,500  15,000 21,000


One of the reasons Ulwe is preferred over Panvel for rental housing is its proximity to key employment centres such as Belapur, Nerul, Vashi, Taloja, and Kalamboli. This is also why rental values in this area are slightly higher than in the latter.

“The Sewri-Nahva Link is an important development that has fueled the real estate growth in Ulwe.”  As a result, property prices in this area have risen dramatically in recent years. In addition, many celebrities have invested in this area in the hope of reaping lucrative returns. When it comes to property values, Panvel, on the other hand, has reached a saturation point. While the upcoming metro from CBD Belapur to Phase I and II of Taloja via Kharghar is expected to boost prices in this area, the percentage of appreciation will be lower than in Ulwe. A 1 BHK property in Ulwe measuring up to 450 sq ft and priced up to Rs 30 lakh at the moment can attract 50 percent appreciation in the next 3-4 years, whereas the same property in Panvel priced at Rs 40 lakh can provide the investor with an effective 12-15 percent appreciation even after the metro’s completion.”



Ulwe Vs Panvel

While Panvel has good social infrastructure, Ulwe is a rapidly developing node. Though it is dependent on the nearby areas of CBD Belapur, Seawoods, and Nerul for social and retail infrastructure, the upcoming developments make it an excellent choice for investors, particularly those with a 4-5 year time horizon. Panvel, on the other hand, is suitable for end-use. If you want to invest in any of these areas, talk to a few real estate brokers before signing on the dotted line.

2 BHK Flat For Rent In Sector 20, Kharghar Navi Mumbai | 2BHK on Rent in Kharghar







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Disclaimer: The views of this expressed above are for informational purposes only based on the industry reports & related news stories. Navimumbaihouses.com does not guarantee the accuracy of this article, completeness, or reliability of the information & shall not be held responsible for any action taken based on the published information.
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