Kalyan West: An Emerging Location To Invest in Mumbai
Mumbai, the financial capital of India, has always been a hotspot for real estate investment. With its bustling economy and a vibrant lifestyle, the city offers a plethora of opportunities for those looking to make smart property investments. Among the various emerging locations in Mumbai Metropolitan Region , Kalyan West stands out as a promising destination for real estate investment.
With an abundance of flats and properties available, including the prestigious Hiranandani Kalyan project, Kalyan West offers an enticing investment opportunity for both homebuyers and investors. Let’s take you through why investing in Kalyan West would be your best bet:
Connectivity and Accessibility:
Situated on the outskirts of Mumbai, Kalyan West boasts a strategic location with excellent connectivity to major business hubs such as Thane, Bhiwandi, and Navi Mumbai via road and rail networks.
Accessibility to the city is made easier with the Kalyan Shilphata Road, Kalyan Ahmednagar Highway (NH 222) and Eastern Express Highway. The upcoming infrastructure projects like the Mumbai Trans-Harbour Link (MTHL) and Kalyan Ring Road are further sure to enhance the connectivity and accessibility of Kalyan.
Infrastructure:
Kalyan is currently undergoing rapid infrastructure advancements to meet the rising demands of its residents. The city is undergoing a transformation with the construction of new flyovers, road expansion, and improvements in civic facilities. Additionally, the presence of reputed educational institutions, hospitals, shopping centres, and recreational facilities makes this area an ideal place for families and professionals to settle in.
Affordable homes:
Property rates in Kalyan are typically lower in comparison to the bustling city, Mumbai. From compact apartments to spacious and luxurious flats, Kalyan West offers a wide variety of choices. Residential properties in Kalyan typically cost around INR 5,910 per square foot. This makes it a hotspot for investors & end users offering them a variety of residential options like apartments, villas, and plots at competitive rates.
Employment Opportunities:
Kalyan is a prospering commercial and industrial centre as well as a residential hub. Moreover, the popular commercial hub – Bandra Kurla Complex will be more accessible after the development of the Bhiwandi-Kalyan corridor. As per reports, the Bhiwandi-Kalyan corridor makes proximity to employment centres extremely favourable.
Properties in Kalyan:
Kalyan West offers a diverse range of properties, including residential and commercial options. Residential properties include apartments, villas, and independent houses.
Moreover, the increasing property values in the area provide an additional advantage for investors. In terms of price appreciation, Kalyan has witnessed an increase of 1.5% in the past 1 year, 8.7% in 3 years, and 7% in the last 5 years.
One of the most alluring and upcoming properties at Kalyan is from a renowned real estate pioneer- House of Hiranandani.
Located __ km away from Kalyan station, the property offers modern amenities like swimming pools, landscaped gardens, fitness centres and 24/7 security ensuring a comfortable and convenient lifestyle for residents. It is also easily accessible and well-connected to other parts of the city.
On the other hand, commercial properties in Kalyan provide attractive opportunities for businesses to establish their presence in a rapidly developing area. Retail spaces, office complexes, and commercial complexes are available catering to various business requirements.
Investment Tips and Considerations
While investing in a new project in Kalyan West, it is essential to consider certain factors to make an informed decision.
1. Analyse current and future trends, demand-supply dynamics, and pricing patterns. Consider factors like infrastructure development, upcoming projects, and economic growth in the area.
2. Assess the availability and convenience of public transportation options.
3. Review the developer’s previous projects, quality of construction, and adherence to timelines. Look for trusted developers like Hiranandani who have a strong track record and positive customer feedback.
4. Look for properties that offer a comprehensive range of amenities like clubhouse, swimming pool, gym, parks, and security systems to enhance the quality of living in your budget.
5. Ensure all legal aspects are in order, including property ownership documents and approvals. Verify the legitimacy of the property title and check for any encumbrances or legal disputes. Also, seek professional assistance from a real estate lawyer to review the documents and ensure a smooth transaction.
Kalyan is a perfect option for individuals looking for investment opportunities with potential rental income as well as long-term capital appreciation due to the presence of employment hubs and the proposed Kalyan-Bhiwandi business corridor along with other infrastructure.
Investing in flats and properties in Kalyan can prove to be a wise and profitable decision, ensuring long-term benefits in the dynamic real estate market of Mumbai. We hope these reasons and tips can help you make an informed decision.