The Mumbai Metropolitan Region Development Authority or MMRDA had gauged the potential of Kalyan for being the growth centre of micro-markets. The city was anticipated to be an industrial hub due to its proximity to Bhiwandi, the largest logistics hub. Kalyan’s integrated transport system and a multitude of social infrastructural amenities make it an ideal residential as well as a commercial solution for the middle-income group. Let's have a look at the Top 5 Reasons why Kalyan is considered as a Real Estate Hotspot.
1. Infrastructure for Connectivity
The inclusion of Kalyan-Dombivli in the Smart City Mission has triggered the unending growth of infrastructure and transportation in the city. The inception and making of the Bhiwandi-Kalyan Corridor will surely provide the best connectivity solution for Kalyan. The construction of the 24.9 km long Metro Line 5 which will connect 17 stations, including Kalyan to Thane is expected to be operational by 2022. Along with it, Virar-Alibaug 8 lane Modal Corridor is also in the making, which will also be operational during the same time.
2. Pocket-Friendly Housing Solutions
With quick price comparison, one can easily understand the value of real estate property in Kalyan. A 1 BHK (300 sq. ft to 392 sq. ft) in Thane or Khadakpada will cost you approximately ₹50 Lakhs, but a 2 BHK in Kalyan (650 sq. ft) can be easily offered in the same price range. This difference is due to the increased travel time to reach the city centre, which will significantly reduce, once the above-mentioned infrastructure is in place.
3.Employment Opportunities with Market Expansion
The area in and around Bhiwandi and Kalyan is proving to be a huge warehousing and logistics market for big brands. Over the years, many MNCs have shifted their base from the Central Business Districts (CBDs) in Mumbai to areas like Thane, Kalyan-Bhiwandi and Navi Mumbai. Better land availability, lower property rates and improving connectivity is bringing in large organizations to Kalyan which is set to create a large number of employment opportunities.
4. Better Social Infrastructure
With many reasons to choose a property in Kalyan
, another major perk of living in the area is the already developed and upcoming social infrastructures like schools, colleges, malls, sports complexes, and recreational areas. The Bhiwandi-Kalyan corridor is being developed with a lot of social infrastructure projects by private players as a large amount of population is seen flocking into the vicinity given its attractive residential prices. The speed at which the connectivity is being improved, the availability of budget-friendly flats in Kalyan and the impending rise of employment opportunities are surely the catalysts that are promoting the quality of the social infrastructure.
5. Future is here!
The rapidly developing Bhiwandi-Kalyan Corridor, which is a starting point of this developmental journey, is transforming the city into a potential hub. The 360° transformation of the city in terms of connectivity, affordability, employment, and other infrastructure is making it a self-sufficient ecosystem. This Kalyan project is sure to bring huge economic growth in the area and a fair amount of people have started to make the most out of this huge future boom!
Affordable residential projects in Kalyan like
Happinest Kalyan by Mahindra Happinest are the drivers of this change. Kalyan has, therefore, become an ideal real estate destination for all the right reasons. You can explore the luxuries and benefits Happinest has to offer by visiting the link above.
