ULWE is a new node coming up behind SEAWOODS, whats your opinion about it(investment point of view) and what are the projects coming up there if anyone knows.Please give the expected quotes too if any one knows.
Hey there....even I have heard that its a good investment there...since its close to the sea link.....I have also heard that the CM did some bhoomi pujan recently for SEZ......from what I hear is that it would be maybe this year end..by the time we hear about some potential residential projects commencing there.
Ulwe might be one of the hot spot in near future. Its rate in near future might beat Kharghar. But why are builders charging the futuristic rates in current time.Airport is being developed from last 4yrs but till date there is no sigh of it. Cidco is not yet successful in acquiring 100% land for airport development forget about the development work and properties are sold at higher prices just because airport is coming up, trans harbour sea link is still under dispute between Relaince, Railway line and station in Ulwe will take minimum 4yrs from now. On what grounds Builders are asking a rate of Rs.2800 in Ulwe?
Try and understand one thing that consumers are no more fools. They are aware about every situation. Today flats on palm beach roads are offered 6000 per/sq.ft. And i am not surprised that 50% flats are still empty in each and every buildings be it Bhumiraj, National, Paradise or any other builder. The rest which are occupied was purchased 2200 per/sq.ft rate when palm beach was developed. Reason for this is that consumers prefer to buy flats in Mulund on LBS marg next to Nirmal Lifestyle Mall and construction offered by Nirmal Lifestyle itself 6200 per/sq.ft as compared to Palm Beach.
The entire builder association need to come out of the dream world that consumers will pay a higher rate for something which is going to come in near future. We want realistic prices as per current situation. Why should i pay a price of Rs.2800 for Ulwe where there is no electricity, no water supply yet, sewage work is under process no basic infrastructure available. We dont know how that node will develop, its a risk that consumer is taking by investing in the project at such a early stage.
I have end number of builders who are ready to offer me a ready possession flat in Kharghar in sec-34 & 35 at a price of 2400-2500. Builders might receive thousands of enquiry for Ulwe but the conversion rate will be almost zero. Try and understand the objective of those enquiries. Its simple that consumer is expecting a lower rate in that node which will take minimum 5yrs from now to develop. Any rate offered between the range of 1800-2200 per/sq.ft will be acceptable and welcomed. We dont need club houses, swimming pool, amphi theater, gymnasium. We just need good house to live with affordable and realistic rates.
Where can one get a flat in Kharghar that too ready possession for 2400-2500 ??? I for one would love to land up that deal !!!
Anyway Ulwe is a long term investment. Looking at 10 yrs for full development. But even CIDCOs housing scheme which will come out in May is charging between 1800-2300 psf. So pvt builders surely will charge more.