Ulwe (also Ulwa, Ulva or Ulawe) is a node of the city of Navi Mumbai in Maharashtra, India. It is developed and maintained byCIDCO. It is located in Raigad district. Ulwe is going to be a major successful planned place to live after Vashi. It has attracted many people to buy property. The metro project of Navi Mumbai connects Ulwe prominently. Ulwe has rising land rates based on the pretext of a proposed international airport.
Ulwe has a sports complex with football, badminton, hockey, swimming pool and indoor stadium.[1] Ulwe has seen drastic increase[clarification needed] in property rate due to the geographical location and proximity of the proposed international airport,Seawoods-Uran railway line and a proposed trans harbor link from Sewri to Chirle village.[2]
Ulwe has big land parcels belonging to Reliance Industries Ltd. on which big residential and commercial activities are expected[by whom?] to start. The nearest railway station is the proposed Bamandongri railway station, named after the village settlement located in the node.
Many buildings and constructions are being developed in Ulwe. CIDCO buildings are also being constructed in there. The Navi Mumbai international airport is nearby to Ulwe. A sea link from Sewri to Nhava Sheva is proposed.
Ulwe in Mumbai has emerged as the country's top destination for investment in the residential real estate where housing prices are expected to jump by 145 per cent over the next five years, according to a report by global property consultant Knight Frank.
Wadala and Chembur in Mumbai are at second and third positions in the list of 13-top residential destinations from an investment point of view, with price appreciation of 133 per cent and 125 per cent, respectively, during 2012-2017
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