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.

Are you looking flat for sale in mumbai?

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.

Buy Now

List of RERA-registered projects in Ulwe

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.

Buy Now

List of RERA-registered projects in Panvel

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

Buy Now

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

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.”

Buy Now

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

Source

You’re looking for Buy Home In Navi Mumbai we have the Best Buy Properties In Navi Mumbai Like Ready to Move & Nearby possession: https://navimumbaihouses.com/property/search/buy/navi-mumbai-all/

If you want daily property update details please follow us on Facebook Page / YouTube Channel / Twitter