6 Upcoming Infrastructure Projects In Mumbai
Mumbai's housing market is at its peak. Particularly, the twin city of Kalyan-Dombivli has seen a ton of new real estate projects. Kalyan, a suburb located close to Mumbai has witnessed the development of several real estate projects over the last decade. Kalyan is a residential area that is well-known for its affordable housing projects that appeal to first-time homebuyers. Mostly multi-story residential buildings make up the area, with a few business and industrial buildings. The area's high residential demand is spurred by the accessibility to Mumbai, Navi Mumbai, and Thane as well as the nearby industrial districts. It is flanked by well-known locations like Dombivli, Ulhasnagar, and Ambernath.
Because of its rapidly expanding infrastructure, Kalyan- Dombivli have become one of the most profitable places to invest in real estate today. For individuals looking for their dream home, the city also provides a wide selection of high-tech homes to fit in any budget.
Due to its strategic location and excellent train access to commercial areas within the MMR, Kalyan has witnessed a consistent boom in the real estate sector. It is easily accessible via Kalyan Shilphata Road and the Kalyan-Ahmednagar Highway (NH 222). Thane/Eastern Express Highway is 20 km from the suburb. For trains traveling to other cities, Kalyan-Dombivli is a crucial railway junction as well as the gateway to Mumbai. It is 40 kilometers to the Mumbai airport. Moreover, a metro rail network is anticipated in the suburb. Thane-Bhiwandi-Kalyan are connected by Metro Line 5, a 24.9-km elevated line that has 17 stations. Travel time for commuters is anticipated to be significantly reduced by connecting the commercial, industrial, and governmental sectors in Thane, Bhiwandi, and Kalyan via rail.
Trains travel via Thakurli, Kalyan-Dombivli, Shahad, Ambivali, and Titwala from Dombivli to Kopar Railway Station. Along the central railway, the distance between Chhatrapati Shivaji Terminus and Dombivli is around 48 kilometers. It has excellent rail and road connections to every region in Maharashtra.
One of the main factors in choosing a property in Kalyan is the city's developed social infrastructure and upcoming new facilities. Areas like Khadakpada, Manpada, and Palava, among others, have emerged as the region's most promising neighborhoods. Some of the most prestigious educational institutions are located in Kalyan. Additionally, the area has top-notch banks, restaurants,theaters,parks and hospitals. Kalyan is the best option because it offers prestigious schools like Don Bosco, Podar, and St. Lawrence International, colleges like JSSP and Birla College, hospitals like Fortis, as well as supermarkets and entertainment venues like Reliance Fresh, Carnival Multiplex, and D-Mart. The Bhiwandi-Kalyan Corridor's expansion would spur the area's development and create more job possibilities, which will raise demand for further residential projects in Kalyan.
As major transportation junctions are within a five-kilometer radius, Kalyan is expected to become a prominent business center in the coming decade. Future infrastructure development would increase connectivity to six economic hubs Bhiwandi, Dombivali, Ambernath, Ulhasnagar, Badlapur, and Thane hence accelerating the city's growth. Thane-Bhiwandi-Kalyan metro line 5 will connect metro lines 4 (Wadala-Kasarvadavali) and 12 (Kalyan-Taloja) as well as the existing central railway, reducing travel time by 50 to 75 percent.
Compared to properties in other areas, Kalyan offers residences that are reasonably priced. Kalyan has a mix of ongoing and completed construction projects, so both consumers and investors are major market drivers. The region is currently Maharashtra's seventh-largest metropolitan by population, which reflects the rise in Kalyan's demand. Apartments in the Dombivli and Kalyan areas are reasonably priced. Residential properties in Kalyan East typically cost roughly INR 5,230 per square foot, while those in Kalyani West typically cost INR 5,910 per square foot, according to real estate sources. Apartments in Dombivli East are valued at around INR 5,440 per square foot, while those in Dombivli West are valued at about INR 6000 per square foot.
In Kalyan-Dombivli, a 1 BHK home can be rented for between Rs. 3,500 and Rs. 8,500 per month. Rent for 2BHK homes ranges from 7,000 to 18,000. Rental fees for some upscale properties could reach Rs. 23,000 per month. Rent for a 3 BHK home ranges from Rs. 7,500 to 20,000, while rent for a 4 BHK house may be around Rs. 20,000- 25,000 per month. Properties can also be purchased for a budget of approximately Rs. 23 – 82 lakhs. Some of the ongoing top projects by renowned builders include Mali Pinnacle by Mali group, Codename Good Life by Mahindra Lifespaces in Kalyan and Runwal Gardens by Runwal Group in Dombivli.
Infrastructure, affordability, employability, and connectivity are all factors that have contributed to the city's overall transformation. The real estate market in this area is now showing promising developments. With numerous infrastructure projects in the works, one should anticipate a price increase of roughly 15–20% over the upcoming quarters. The tremendous economic expansion in the region will ensure a good future for the city, so if you are planning to invest in affordable properties, Kalyan- Dombivli region is your best bet.