Mumbai’s entry gateway from North and South India, Kalyan, has been amongst the most sought after real estate markets in Mumbai’s Easter suburbs. The stretch of Kalyan and Dombivali comes under the compass of Kalyan-Dombivali Municipal Corporation [KDMC], thus forming a part of Mumbai Metropolitan Region [MMR]. Being one of the most densely populated regions of India, finding a home in MMR remains one of the biggest challenges for Mumbaikars. Kalyan as a destination therefore, comes as a relief to those looking for affordable and mid segment budget category homes and investment options in a fast developing metropolis.
1. Location and Connectivity
Kalyan city is located in the Thane district of Maharashtra. It is traditionally divided into Kalyan East and West with the railway network separating the two. Like most areas in Mumbai, west developed earlier than east. The well connected network of roads and railways offers smooth connectivity between this suburb and several parts of Mumbai and adjoining areas.
Rail– Kalyan station is an important junction on the Central Railway Zone of the Indian Railways. Also it holds a great significance as a Mumbai suburban local station. The trains running from CST to Karjat and CST to Kasara halt at this station, before the routes diverge. Work on the proposed Central-Harbour and Central-Western railway line is expected to be completed soon, which will certainly make travel more convenient for daily commuters. This would make Kalyan an even more important railway station. [Read more here].
Road– The prominent roads which run through Kalyan are the Kalyan-Murbad Road, Agra Road and Kalyan-Badlapur Road. Bus services operated by the Kalyan-Dombivali Municipal Transport (KDMT) are accessible to the residents and commuters from this suburb. The buses ply between places such as Dombivali, Navi Mumbai, Bhiwandi, Titwala, Ambivali and CBD. Thereby roads too are a good surface transport option in and around this city.
Air– The domestic and international airport is about an hour and a half away from Kalyan. The new proposed international airport at Navi Mumbai, near Panvel will approximately be 1 hour away from here.
2. Social Infrastructure
An area cannot be called an ideal location to stay if the social infrastructure is not well developed. Kalyan has good medical and educational facilities which are the primary requirements for all residents. Hospitals such as Fortis Hospital, Kalyan Multi-Specialty Hospital and Dr Arbat Gurudeo Maternity Hospital; Schools such as Arya Gurukul School, St. Jude’s High School and St. Mary’s High School, Holy Cross Convent School, St. Thomas High School and Lourdes High School make up Kalyan’s social infrastructure. Places for recreation such as Junction Mall, Rani Laxmibai Garden, Kala Talao, Sarvoday Mall and Eternity Mall are also available for people residing here. Such vast social infrastructure ensures one doesn’t have to travel too far out to access the basic requirements.
3. Growth of employment opportunities nearby
A huge industrial belt to the south-east, which stretches from Kalyan to Badlapur and presence of several small scale and large scale industries create a demand for affordable and mid segment housing in this suburb. The new economic growth drivers- the Central Business Districts (CBDs) in Mumbai’s suburbs will also generate a huge demand for housing- both affordable and middle income groups in locations such as Kalyan, Dombivali, Shilphata, and Titwala. There has also been a shift of economic activities from old CBDs to Thane, Navi Mumbai and its periphery; which has led to significant growth of neighboring locations such as Kalyan and Dombivali. The SEZs and MIDC estates have also led to higher business activity in Kalyan.
4. Kalyan’s real estate market
Kalyan caters to the demands of people from all segments. There are apartments ranging from budget range to luxury. Since the prime areas of Mumbai have now become very expensive for majority of Mumbaikars to afford, Kalyan takes a lions share of purchase of residences in the eastern suburbs. It is also because several organized players are operating in this market in comparison areas beyond Kalyan. Consistent return on investment in apartments has also attracted investors to own a share in Kalyan’s property offerings.
Various builders have undertaken projects at Kalyan, including the Raunak Group, which is a prominent name in the Mumbai real estate market. They have been very active in the budget and mid-income housing segment. What sets them apart from others is the impeccable delivery record and customer satisfaction. At Kalyan West, Raunak Group has already created residences across budget range on their huge 35 acre parcel of land, Raunak City.
5. Proposed future development
Construction on two monorail lines at Kalyan has been undertaken by the MMRDA. One of them is the 26 km long line linking Kalyan-Ulhasnagar-Dombivli and the other is Kalyan to Mahape, which is 30 km long. A four-lane expressway is also under construction that will connect Kalyan to Virar-Vasai-Diva-Bhiwandi-Panvel and Alibag. The place, which has a history of over 700 years, will walk into the future along with Dombivali, as a part of the government’s Smart City Project. All the above reasons make this the perfect time to invest in Kalyan’s real estate market.