The Mumbai Metropolitan Region Development Authority (MMRDA) has recognized Kalyan as a burgeoning hub with immense growth potential within micro-markets. Positioned near Bhiwandi, the region's premier logistics hub, Kalyan is primed to emerge as an industrial focal point. Its well-integrated transportation network and diverse range of social infrastructure render it an attractive option for both residential and commercial ventures, particularly catering to the middle-income demographic. Here, we delve into the Top 5 Reasons elucidating why Kalyan stands out as a Real Estate Hotspot.
The Smart City Mission's inclusion of Kalyan-Dombivli has sparked a surge in infrastructure and transportation development. The ongoing establishment of the Bhiwandi-Kalyan Corridor promises enhanced connectivity for the city. Additionally, the construction of the 24.9 km Metro Line 5, linking 17 stations including Kalyan to Thane, is slated for operational readiness by 2022. Concurrently, progress on the Virar-Alibaug 8-lane Modal Corridor is underway, also projected to be operational by the same timeframe.
Kalyan offers pocket-friendly housing solutions that stand out upon quick price comparison. For instance, while a 1 BHK (ranging from 300 sq. ft to 392 sq. ft) in Thane or Khadakpada may command approximately ₹50 Lakhs, a spacious 2 BHK (650 sq. ft) in Kalyan falls within the same price range. This variance can be attributed to the slightly longer commute to reach the city center, a factor expected to diminish significantly once the aforementioned infrastructure projects are completed.
The Bhiwandi and Kalyan region is witnessing a substantial surge in warehousing and logistics, attracting major brands. This trend sees many multinational corporations (MNCs) relocating from Mumbai's Central Business Districts (CBDs) to areas like Thane, Kalyan-Bhiwandi, and Navi Mumbai. Factors such as enhanced land availability, competitive property rates, and advancing connectivity are enticing significant organizational migration to Kalyan, poised to generate a plethora of employment opportunities.
Kalyan offers numerous compelling reasons to invest in property, including its robust and expanding social infrastructure. The area boasts a plethora of existing and forthcoming amenities such as schools, colleges, malls, sports complexes, and recreational spaces. Private entities are actively involved in developing social infrastructure projects along the Bhiwandi-Kalyan corridor, reflecting the influx of residents drawn by the area's affordable residential rates. The rapid enhancement of connectivity, coupled with the availability of budget-friendly apartments in Kalyan and the anticipated surge in employment opportunities, serves as catalysts in fostering the development of quality social infrastructure.
The rapidly evolving Bhiwandi-Kalyan Corridor marks the inception of a transformative journey, positioning the city as a prospective hub. This comprehensive overhaul encompasses improvements in connectivity, affordability, employment prospects, and overall infrastructure, rendering Kalyan a self-sustaining ecosystem. The Kalyan project is poised to catalyze substantial economic growth in the region, with a growing number of individuals capitalizing on its promising future prospects.
Affordable residential ventures like Happinest Kalyan by Mahindra Happinest are pivotal drivers of this transformation. Consequently, Kalyan emerges as an enticing real estate destination for myriad compelling reasons. To explore the luxuries and advantages offered by Happinest, visit the provided link.
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