Navi Mumbai is one of the most sought-after destinations for real estate investment. There are several localities within this region that offer quality living experiences to people of all income groups. There are various residential properties with varying price ranges to suit the budgets of all potential home buyers.
But, there are two most popular localities of Navi Mumbai, the demands of which are beyond the scale. They are Kharghar and Ulwe! Comparing popularity, Kharghar and Ulwe share nearly the same pace of development and real estate demands.
But, if you are searching for a low budget 1 BHK flat in Ulwe or Kharghar, you need strong evidence to choose one locality over the other. Even though both of them are best in several ways, this article will clarify what each of them has to offer to their residents. Based on this, you can make a better decision!
Investing in Properties of Ulwe
Ulwe is a mid-budget locality with an abundance of 1 & 2 BHK flats. It is located along NH 348A, responsible for giving out seamless connectivity for Ulwe to other parts of Mumbai. Following that, Uran-Panvel and JNPT roads also add more convenience for residents to commute within the city.
CBD Belapur and MIDC Shiravane are popular commercial and industrial hubs of Navi Mumbai, respectively, located just 9 km away from Ulwe via NH-348A. As the employment hubs are nearby, the demand for rented houses is high in this locality. Therefore, if you are willing to buy 1 BHK in Ulwe for the sake of investment and financial growth in the future, you can secure a good rental yield every month.
Apart from that, the infrastructure consists of reputed schools, super-specialty hospitals, malls, tourist places, and much more to provide a comfortable living experience. Irrespective of your budget, you will get a quality home in Ulwe. The average pricing per sq. ft. is around Rs. 7,500, and the average rental yield is around Rs. 14,500 per month.
Investing in Properties of Kharghar
Kharghar is among the premium localities for real estate investments in Navi Mumbai. The location is strategic, alongside SionPanvel Highway, which connects Kharghar with Chembur and other important parts of Mumbai. You also get a dedicated railways station, allowing residents to seamlessly commute between Nerul, Panvel, and Belapur.
By living in Kharghar, you will be just 5 km away from Belapur, which is the central business hub of Navi Mumbai. Kharghar is slightly more developed than Ulwe, as it holds the title of Navi Mumbai’s education capital with an abundance of schools, colleges, and institutes.
Some top schools here are Radcliffe, BalBharati, and KPC. You will also have seamless access to reputed hospitals, entertainment hubs, parks, and other facilities for comfortable living.
The average property pricing in Kharghar is around Rs. 8,500 per sq. ft., and the average rental yield is around Rs. 30,000. By considering the developments, affordability, and price appreciation factors, Kharghar is one of the best real estate investment destinations for you to consider.
Final Verdict
Both Kharghar and Ulwe are best in their ways! Kharghar might be the education capital of Navi Mumbai, but Ulwe also boasts its availability of rich healthcare facilities. Similarly, there are various parameters for you to consider to come to a conclusion. Consider the factors specified above to determine the differences, and tally them with the purpose of your investment. You will eventually be able to invest better!
So, whether you are looking for a low budget 1 BHK flat in Ulwe or Kharghar, you just need to set the location over Blox, along with your specified budget. You will have the best options filtered and listed for your convenience. You can use Blox to book your site visit to instantly take the discussion further.
