Kalyan is identified by the Mumbai Metropolitan Region Development Authority (MMRDA) as a promising micro-market. With opulent spaces that offer excellent value, Kalyan’s integrated transport system and wide range of social amenities have made it a desirable option for both residential and commercial uses. Kalyan was strategically positioned as a promising industrial center because of its proximity to Bhiwandi, the region’s main logistics hub.
These are the top five factors driving people to invest in residential real estate in Kalyan, which is quickly becoming a sought-after real estate destination.
1. Robust Connectivity Infrastructure
Particularly in Kalyan West, being a part of the Smart City Mission has spurred significant infrastructure and transport development. Further Bhiwandi-Kalyan Corridor promises improved city connectivity. Furthermore, the 24.9 km long Metro Line 5 project, which will connect 17 stations—including Kalyan to Thane—is expected to be completed and put into service shortly. Concurrently, the 8-lane Virar-Alibaug Modal Corridor is being built and is expected to be operational in the same period.
2. Budget-Friendly Housing Options
A quick price comparison reveals that the value offered by residential property in Kalyan West is much better compared to other regions in the same belt like Thane. For those searching for residential real estate, Kalyan is the preferred option because it provides larger spaces at significantly lower costs. The excellent connectivity and commute times made possible by the infrastructure projects linking Kalyan with other locations via road, rail, and metro are yet another alluring aspect of this location!
3. Expanding Job Opportunities
Major brands are drawn to the burgeoning warehouse and logistics market in the area surrounding Bhiwandi and Kalyan. Many international companies have moved out of Mumbai’s Central Business Districts (CBDs) and into Thane, Kalyan-Bhiwandi, and Navi Mumbai over time. This is because there is more land available, real estate prices are lower, and there is better connectivity, all of which are expected to lead to a large number of job opportunities in this area.
4. Enhanced Social Infrastructure
The social infrastructure of Kalyan is already well-established, and new educational institutions, shopping centres, sports complexes, and leisure areas are expected to enhance it. In response to the influx of people lured by the area’s appealing real estate prices, the Bhiwandi-Kalyan corridor is already experiencing full development with a variety of social infrastructure projects. The quality of social infrastructure is being improved by the continuous improvements in connectivity, the availability of affordable housing in Kalyan, and the impending increase in employment opportunities.
5. A Promising Future
The quickly changing Bhiwandi-Kalyan Corridor is the beginning of a journey that will change the city. With advancements in social infrastructure, employment opportunities, connectivity, and general development, Kalyan is poised to become a thriving hub. The Kalyan initiative is anticipated to generate significant economic growth in the region, and an increasing number of people are taking advantage of this impending boom.
