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Navi Mumbai has been created on the basis of this ideology. After Vashi, it is cited to be the best planned township to be based out of. The metro project has made the township well connected to the rest of the city. There has been a proposal for the construction of an airport which has heightened the prices of the land in Ulwe.Facilities AvailableThere are many novel ideas that are being implemented in the area. Reliance Industries have acquired large parcels of land which they propose to use in order to start big residential and commercial activities. There is a well-furnished sports complex where games like football, hockey and badminton can be played in the outdoor grounds and courts. There is also an indoor stadium and swimming pool for those who like to indulge themselves. Most of the land was acquired from the villagers by CIDCO for the development purposes.Speculations on the PricesThe reason why the prices of the Ulwe and adjoining areas went high was because there was talk of setting up Navi Mumbai International Airport in Ulwe. Additionally, there was also talk of setting up a Special Economic Zone. The actual developments have happened in the residential projects, but most of the price hike has happened as a result of the rumors of government’s development activities. However, even though this was the base of the spurt of growth in prices, there has been no solid activity recorded to bring them into fruition.Environmental ConcernsThe land is very rich in biodiversity and has more than 300 hectares of mangrove forest. There are two rivers, Ulwe and Ghandi, running through it which make the land quite arable and provide for the water needs of the areas surrounding it. If the proposed Airport project comes into fruition, then there will be destruction of over 200 hectares of the mangroves, which will have a great environmental impact even the flooding of the nearby port township of Panvel.Real Estate AdvantagesThe advantages of the land are soon to be under threat from the very factors that have made it so popular among the investors. The virgin unadulterated air and the proximity to the ports make it a popular haunt for the families who propose to live there. The drawbacks are the lack of civic amenities. The best ways to commute are the personal vehicles and public transports are quite few and far between. Autos are quite unreliable but still the prices can go up to Rs.6810 per square foot if everything is sorted out. Article Tags: Real Estate
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