The real estate industry is showing signs of taking off in the twin cities of Kalyan and Dombivli because of the rapid improvement of infrastructure and facilities in the region over the past few years. Buying a 1 BHK flat in Kalyan is certainly a great option given the huge potential for development in the region.
There are many reasons why home buyers are looking at Kalyan with renewed interest. For one, it has witnessed the highest price rise in the last two years. While property prices in Mumbai and its metropolitan region have increased by around 25 to 30 percent, Kalyan real estate prices jumped by a whopping 54 percent during the same period according to a recent survey.
Many Infrastructure Development Plans on the Anvil
The spurt in population in the Kalyan-Dombivli Municipal Corporation region has forced the Mumbai Metropolitan Region Development Authority (MMRDA) to draw fresh plans to ease the growing pressure on civic infrastructure. This is good news for those who have already invested in real estate in Kalyan or are planning to buy a 1 bhk flat in Kalyan in the near future.
There are plans to link Thane, Bhiwandi, and Kalyan through a monorail link. An expressway link is also planned that links Alibag and Virar, and will pass through Kalyan. Rail passengers will now have the option of using a monorail or the expressway to travel to their destinations in just five years from now.
MMRDA has also plans to build two major skywalks for easing the trouble of passengers using the railway station. Development of roads is on the anvil with more than Rs. 247 Crore of Jawaharlal Nehru National Urban Renewal Mission (JNNURM) funds to be spent on road development alone in the KDMC area. The project will develop the outer road to Kalyan, Dombivli, and Ambivli. Another Rs. 74 Crore is being spent on construction of foot over bridges, railway over bridges, under passes, and subways in Kalyan.
A Hotspot of Real Estate Development Activity
It is clear that the authorities are waking up to the fact that Kalyan is fast becoming one of the hotspots of real estate development and purchase. If you find flats in Mumbai for sale way beyond your budget, do not despair. Kalyan is the most happening place right now in the Mumbai suburban area. You are sure to find the best residential place for your family here and well within your budget without having to compromise on your standard of living.
With developers falling over each other to grab the best plots for development, it is clearly the buyers who are at an advantage. With the improved infrastructure and future developmental projects already sanctioned and ready for implementation, you must not delay your decision to book a 1 BHK flat in Kalyan. The right time is now.