The Mumbai Metropolitan Region Development Authority, or MMRDA, recognized the potential of Kalyan as a burgeoning micro-market. Kalyan’s integrated transportation system and a diverse range of social amenities have made it an attractive choice for both residential and commercial purposes with lavish spaces offering great value. Its strategic proximity to Bhiwandi, the largest logistics hub of the region, positioned Kalyan as a promising industrial centre.
Here are the top five reasons why people are investing in residential properties in Kalyan which has emerged as a sought-after real estate hotspot.
1. Robust Connectivity Infrastructure
Inclusion in the Smart City Mission has ignited extensive infrastructure and transportation development specifically in Kalyan West. The forthcoming Bhiwandi-Kalyan Corridor promises enhanced connectivity for the city. Additionally, the construction of the 24.9 km long Metro Line 5, connecting 17 stations, including Kalyan to Thane, is slated for operation soon. Simultaneously, the Virar-Alibaug 8-lane Modal Corridor is also under construction, and set to be operational within the same timeframe.
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. Kalyan offers larger spaces at much better prices making it the go-to destination for those looking for residential property. Another attractive feature of this location is the excellent connectivity and commute time due to the infrastructure projects connecting Kalyan with other locations by road, rail, and metro!
3. Expanding Job Opportunities
The vicinity around Bhiwandi and Kalyan has emerged as a thriving warehousing and logistics market, attracting major brands. Over time, numerous multinational corporations have relocated from Mumbai’s Central Business Districts (CBDs) to areas like Thane, Kalyan-Bhiwandi, and Navi Mumbai. This is due to better land availability, lower property rates, and improved connectivity, which is poised to generate plenty of job opportunities in this region.
4. Enhanced Social Infrastructure
Kalyan has an already well-developed social infrastructure and the upcoming schools, colleges, malls, sports complexes, and recreational spaces are set to add to it. The development of the Bhiwandi-Kalyan corridor with various social infrastructure projects is already in full swing as a response to the influx of residents drawn by the area’s attractive property prices. The ongoing improvements in connectivity, the availability of value-offering housing in Kalyan, and the imminent surge in employment opportunities collectively contribute to enhancing the quality of social infrastructure.
5. A Promising Future
The rapidly evolving Bhiwandi-Kalyan Corridor marks the inception of a transformative journey for the city. Kalyan is on the cusp of becoming a thriving hub with all-round progress in connectivity, social infrastructure, employment prospects, and overall development. This Kalyan initiative is poised to stimulate substantial economic growth in the area, and a growing number of individuals are seizing the opportunity presented by this imminent boom.
Residential projects in Mumbai like those offered by Sunteck Realtyin Kalyan contribute to the region’s attractiveness. Kalyan has, consequently, emerged as an ideal real estate destination for numerous compelling reasons. Explore the projects and advantages offered by Sunteck Realty and their residential properties in Kalyan by following the links above.