Upcoming Projects in Kalyan West and Dombivali to Cater to Affordable Housing
The main factor that drives
property in areas like Dombivali, Kalyan and Ambegaon is that real estate
Mumbai is very expensive and these areas offer affordable properties. Mumbai
has a constant demand for housing for the burgeoning migrant population. The
huge gap in supply and demand has led to the hike in capital values despite inventory
piling on that will take 30 months to be cleared.
Upcoming projects in Kalyan West
and Dombivali are affordable. Flats in Kalyan West are available for Rs 5920
per sq ft while in Dombivali, it ranges from Rs 5500 to 6000 per sq ft. Apart
from affordability, which drives demand for property in Kalyan west is its
proximity to industrial areas. Both Dombivali and Kalyan are located close to
the industrial belt of Badlapur. This provides high employment opportunities
for people living in the area. The CIDCO or City and Industrial Development
Corporation intend to extend the Taloja Belapur Metro Railway Service till
Ulhas Nagar and Kalyan. This would act as an impetus to boost property in
Kalyan West. The MMRDA has also decided to lay out a network of roads in the
area, including the 29 kilometres long Ring Road in Kalyan.
Dombivali and Kalyan are well
linked to various parts of Mumbai via the Shil Phata-Kalyan Road, National
Highway 4 and Agra Road. The Navi Mumbai International Airport proposed is
around 35 kilometres from here. The realty market in the Kalyan Dombivali belt
had experienced stagnation in prices over the last couple of quarters. It can
be attributed mainly to the slowdown of the realty markets throughout the
country. However, good connectivity with other areas of MMR and affordable
property prices has led to good growth potential in the coming times.
Bhartiya
Jan Ghar Yojana by Aapla Ghar
Sentiments are improving on the
whole in the real estate sector and the area is slated to witness high demand
for affordable properties. There are several infrastructure projects
forthcoming which has spurred the realty market and shown positive trends. The
real estate market can be expected to increase in value by 20 to 25 percent in
the coming few quarters.
With property becoming more
expensive in Mumbai, those looking for affordable housing have had to move
here. For the price of 1BHK flat in Mumbai, home buyers can avail a spacious
2BHK unit in these areas. Moreover, upcoming projects in Mumbai are coming up
to cater to the demands of luxury home buyers. These projects have higher
margins which is why developers are concentrating on them.
HUDA
New Residential Plot Scheme 2015 in Sector-7 Safidon
The main issues that area like Dombivali, Kalyan and Ambegaon face is the absence of social and civic infrastructure. Because these neighbourhoods are still developing, there is much scope for the development of schools, hospitals and malls in the vicinity. However, compared to several areas in the vicinity, these neighbourhoods are in a better position. Indiahomes property has several listing of projects that are under construction in Kalyan west and Dombivali.
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