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Kalyan Calling

26-Sep-2014    |    Source:    www.mid-day.com

WITH property values in Mumbai Metropolitan Region (MMR) skyrocketing, homes in the city have become a distant dream for many. The suburb of Kalyan has evolved as a major home- buying destination for the middle class. We take a closer look.

 

A growing hub As per Commonfloor. com, a real estate portal, Kalyan’s real estate market is primarily driven by buyers looking for affordable housing with a smaller ticket price compared to those of Mumbai suburbs.

 

The major segments in the region are the affordable and economic segment — around ` 40- 70 lakh. Residential real estate in this region has recently witnessed a boom owing to the increasing prices in Mumbai and its suburbs.

 

Overview Kalyan comes under the Kalyan- Dombivli Municipal Corporation ( KDMC).

 

Although the realty sector has been developing from 1990s, today’s scenario is vastly different with more of high rise structures making its way. The place is transforming into a new contemporary location with numerous township and sky- length apartments coming up with the best of amenities.

 

Builders are offering facilities like swimming pool, clubhouse, garden, etc.

 

Connectivity In order to boost the connectivity, a number of infrastructural projects have been put in place. There is MMRDA’s proposed plans for a monorail link between Thane- Kalyan- New Mumbai, which is slated to be ready within the duration of over three years. There are also plans by MMRDA for a multimodel bus rapid transport system ( BRTS) and mass rapid transport system ( MRTS) which will cover the entire Kalyan. Also the Kalyan Junction is set to be revamped with another Railway Terminus being planned to ease rail transport in Mumbai.

 

The proposed four lane Expressway will enable people to travel between Virar- Vasai- Diva- Bhiwandi- Kalyan- Panve l to Alibag in a matter of few hours. It will have wide footpaths, subways, foot- over bridges and service roads linking the major towns.

 

Social infrastructure Several colleges and universities are situated in Kalyan like Birla College of Arts, Science and Commerce, Hill Spring International Jr. College of Science and Commerce and Model College. Well- known schools like Holy Cross Convent School, KC Gandhi English School, Symbiosis School and Thomas High School are located here.

 

The malls located in Kalyan are Metro Junction Mall and Sarvodaya Mall.

 

Affordable living The location endows new age and futuristic living. The trend is more driven towards getting in the renowned architects from Singapore, Dubai and US to design the projects and bequeath landmark to the destination.

 

Thematic designs are being adopted to give the projects a distinct atmosphere.

 

Landscaping, botanical gardens and spectacular water features are used to add to the aesthetics of the project.

 

The average property value in Kalyan West is around ` 5,920 per sq ft while in Kalyan East is nearly ` 5,440 per sq ft.


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