[ecis2016.org] One of the upcoming residential destinations of suburban Mumbai, Kalyan is a fast-developing town located in the Thane district of Maharashtra
A small but well-developed town in the Thane district of Maharashtra, Kalyan serves as the exit station of northern India leading towards southern India. It also happens to be the 7th biggest city in Maharashtra and 28th in India and is a part of the Mumbai Metropolitan Region. The railway line divides Kalyan into eastern and western regions and it lies close to the Ulhas River. The eastern part of Kalyan is growing at a comparatively faster pace and is connected well with the nearby major cities. The western half is already more urbanised. Kalyan is also experiencing rapid infrastructural development with many builders in Kalyan launching new residential projects that are presently under construction. The Patripul Bridge connects the eastern and western halves.
You are reading: Kalyan property market: An overview
Various upcoming neighbourhoods and nearby Kalyan localities include Shankar Rao, Dudhnaka, Das Wadi, Kala Talao, Karnik Road, Durgadi Kila, Chikanghar, Baug Lane, etc., which are simultaneously developing alongside Kalyan. With skyrocketing prices and property being a difficult find in proper Mumbai, suburban towns have gained prominence over the years and places like Kalyan have become popular, with their affordable and well-designed homes. Various residential projects have been undertaken by builders in Kalyan. Reputed builder names include Shree Ramakrishna Developers, Swastik Infrastructure, Kohinoor and Monarch Universal Group, to name a few.
Connectivity with nearby Kalyan localities
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Kalyan is strategically located and is easily accessible via road and railways.
- Kalyan west is located 7.9 kilometres away from Nasik Road via the Kalyan-Ahmednagar Highway.
- Major highways close to Kalyan include NH-3, NH-4 and the Eastern Highway.
- The Kalyan Railway Station is 1.1 kilometres away with a foot over-bridge.
- The Chhatrapati Shivaji International Airport is located approximately8 kilometres away from Kalyan.
A robust bus service operated by Kalyan-Dombivali Municipal Transport (KDMT) is available to the residents and commuters of Kalyan. Buses ply between neighbouring places like Dombivali, Titwala, Navi Mumbai, Ambivali, CBD and Bhiwandi. Additionally, railway services offer non-stop connectivity to daily commuters, with trains running from Mumbai-Karjat and Mumbai-Kasara that stop at Kalyan. The newly proposed Central-Harbour and Central-Western railway line work is expected to be completed soon. They will offer smooth connectivity between Kalyan and major parts of Mumbai in the future.
[ecis2016.org] Property rates & trends in Kalyan, Mumbai
Popular and well-known schools in Kalyan include Arya Gurukul School, St Judes High School and St Mary’s High School. Some of the hospitals that assure quality healthcare in the area include Kalyan Multi-Specialty Hospital and Dr Arbat Gurudeo Maternity Hospital. Residents living in and around Kalyan can find recreational opportunities in nearby places like the Junction Mall, Rani Laxmibai Garden, Kala Talao, Nana-Nani Park and Lord Shiva Paradise. The Sarvoday Mall and Eternity Mall are located in the western part. Further, members of the Springtime Club can have access to health recreation facilities like Yoga, Aerobics, Jacuzzi, etc.
Price trends in Kalyan
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Average prices of apartments in Kalyan have been estimated to be around Rs 4,921 per sq ft with Rs 2,500 per sq ft as the minimum price and Rs 8,000 per sq ft as the maximum price. Unit sizes on offer range between 320 sq ft to 2,350 sq ft. Residential property price trends in Kalyan have witnessed a 13.2% rise in the past 2 to 3 years.
Reasons to invest in Kalyan
Many upcoming residential projects are offering well-planned apartments and flats in Kalyan promising good returns on investments. There also seems to be an increasing demand for property in these areas. Recent price escalations reveal a positive trend and thus, investments here can prove to be fruitful and reap better returns in the long run.
Check properties in Kalyan
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Category: Lifestyle
