With the Kalyan-Dombivali belt proposed to be a ‘smart city’ in line with the center -sponsored scheme, the realty market in the area continues to be attractive for property investors.
The area has witnessed a boom over the last few years with a host of new developments leading to a growth in property prices to the north of Rs.5500 (in Kalyan West) and Rs. 5000 (Kalyan East). Key developers such as the Lodha group, Nirmal Lifestyle, Raunak Group, Laxmi Housing, among others have been instrumental in changing the urban landscape of this region.
The increase in the number of affordable housing projects in the area together with the improved connectivity, have been other key factors that have contributed to the development of the region. Kalyan Junction is reported to be the 3rd busiest suburban railway station after Thane and Andheri, while Dombivali with its availability of local trains has become a prominent suburb of the Mumbai Metropolitan Region (MMR). The Kalyan Ring Road also features in the government’s Rs.758 crore allocation to the Extended Mumbai Urban Infrastructure Project.
The region has close proximity to the large industrial belt situated to its south- east, which extends from Kalyan to Badlapur that hosts a number of small and large industries, as well as to the large MIDC industrial complex in Dombivali. This makes the Kalyan-Dombivali region an attractive residential hub due to the increased employment opportunities for its residents.
With the host of new residential developments, especially affordable housing developments, its improved connectivity to both the city center, as well as key industrial belts, the increase in employment opportunities to its residents, the Kalyan- Dombivali area seems poised to be an attractive investment destination going forward.
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