With the first phase of Navi Mumbai International Airport (NMIA) poised to be operational by June 2025, Uran, a coastal town in Navi Mumbai, is on the cusp of a real estate transformation. Compared to emerging nodes like Ulwe and Panvel, Uran has been catching the attention of serious investors, thanks to a perfect confluence of mega infrastructure projects and rising demand.
The prime advantage of Uran has been its strategic location. Nestled near the upcoming DB Patil International Airport and directly benefiting from the Mumbai Trans-Harbour Link (MTHL) or Atal Setu, Uran is now determinedly positioning itself on Navi Mumbai’s real estate map.
Once the airport becomes operational, it is expected to handle 90 million passengers annually, bringing a significant influx of professionals, auxiliary industries, hospitality players, and logistics businesses, driving the need for residential and commercial spaces.
The upcoming Mumbai Trans Harbour Link (MTHL) will reduce travel time between Uran and South Mumbai by an hour. The Nerul-Uran Railway Line has been influential in connecting Uran to other nodes of Navi Mumbai. The town offers excellent public transport, quality roads, and fewer traffic woes. Additionally, Uran’s proximity to industrial corridors, the Jawaharlal Nehru Port Trust (JNPT), and future commercial hubs makes it a strong contender for residential and employment-driven migration.
Uran extends a decent blend of scenic beauty and vibrant life. The presence of brilliant medical, educational, entertainment, retail, and recreational facilities nearby makes it a recommended proposition for investors and end-users.
Observing the developments, property prices in Uran have been rising steadily, with the average rate per square foot currently at Rs 5,615, an impressive 27.44% jump year-on-year. Plots range between Rs 3 to Rs 5 lakh per 1,089 sq ft, offering ample opportunity for vertical development, with permissions to build up to four floors. Flats dominate the property listings, comprising nearly 73% of the market, followed by independent houses and residential plots. A sizable portion of inventory falls between Rs 40 lakhs and Rs 80 lakhs, appealing to mid-segment buyers.
Uran is one of the few nodes in Navi Mumbai that offers scalability and affordability, thus increasing the chances of worthy price appreciation, future growth potential, and Returns on Investment (ROI).
Homebuyers and investors can rejoice as Uran represents the balanced scenario, where long-term growth meets present-day affordability. As Navi Mumbai’s landscape evolves, Uran is no longer a satellite town; it’s fast emerging as the next big real estate destination to watch.
