September 4, 2025: Navi Mumbai is witnessing a major transformation as two landmark infrastructure projects—the Ulwe Coastal Road (UCR) and the Kharghar Coastal Road (KCR)—reshape the city’s real estate landscape. These projects, initiated by the City and Industrial Development Corporation (CIDCO), are opening new opportunities for mixed-income housing and redefining the balance between affordability and luxury.
The 5.8-km UCR will directly connect the Mumbai Trans Harbour Link (MTHL) to the upcoming Navi Mumbai International Airport, while the KCR will link Kharghar with CBD Belapur. Together, these projects are expected to improve connectivity across the region and significantly enhance residential demand.
Pricing dynamics are already evolving. Properties near the UCR command premium rates due to proximity to the airport, while slightly inland areas offer more budget-friendly options. The UCR alone has seen investments of around Rs 1,400 crore, underscoring its long-term value growth potential.
Emerging Pricing Trends:
High-end waterfront projects are drawing interest from affluent buyers.
Mid-range developments are leveraging superior connectivity.
Affordable housing clusters are benefiting from infrastructure spillovers.
Developers are adopting innovative approaches by creating mixed-income projects where affordable homes share infrastructure and lifestyle amenities with premium residences. This model allows broader segments of buyers to access quality housing in prime locations.
Urban planners forecast robust residential and commercial growth in Ulwe and its surrounding micro-markets. With the Navi Mumbai International Airport slated for completion by early 2026, the region is poised to attract both end-users and investors.
These coastal projects go beyond improving connectivity; they are unlocking new housing opportunities across income groups. By combining affordability with premium advantages, the UCR and KCR are set to transform Navi Mumbai’s coastline into one of the most dynamic housing markets in the Mumbai Metropolitan Region.
Source: Propertywala
