Kalamboli is one of the posh regions of Navi Mumbai that is also a part of the Mumbai Metropolitan Region. Real estate developments are at a good pace around the region because of the specific factors that make this place a good investment opportunity for people.
If you plan on investing in real estate for the long term to earn a sizeable ROI for your property in the long run, then Kalamboli is one of the perfect regions for you in Navi Mumbai.
This blog will elaborate on why Kalamboli is a great investment option
1. Easily Accessible Location
The location of Kalamboli, Navi Mumbai, is very strategic. This place is surrounded by three major realty hotspots, New Panvel, Kamothe and Kharghar. New Panvel is the location of the highly anticipated International Airport is under construction. Following that, Kharghar and Kamothe have optimal real estate activities around their region.
The new airport is quite close to Kalamboli, so it shares the real estate demands alongside Kharghar, Kamothe and New Panvel.
The connectivity of Kalamboli is good, as it connects to very important parts of both Mumbai and Navi Mumbai. Kalamboli is situated close to the Sion-Panvel Expressway, between NH-17 and NH-4. Hence, the easy by-road connectivity makes this location more accessible to various parts of the city. Thus, this is another possible reason for the increased demand for low-budget flats in Kalamboli.
2. Good Infrastructure and Amenities
Whether you plan on investing in real estate as a part of your financial goals, or retirement plan, you need to consider the amenities and infrastructure. It is one of the many reasons Kalamboli thrives as a budding region for real-estate investments. There are top-notch schools, hospitals and malls around the locality, which adds more real-estate significance to the location.
Here are some of the top infrastructure and amenities you get around Kalamboli, Navi Mumbai:
Schools and Colleges:
- Dots ‘N’ Tots
- Kids Land School
- Mind Planet International
- M.E.S Dynamandir School
- Tatkare College
- MGM Dental College
Hospitals:
- Galaxy Hospital
- City Care Medical
- Noble Medical
- Amar Hospital
- Aermid Hospital
- Healing Touch Eye Hospital
With big 5-Star hotels, malls and other infrastructural amenities available around Kamothe and New Panvel, its positive effect is also being imposed on the real estate market of Kalamboli as well. The distance from the MMR locality to most of Navi Mumbai’s outstanding infrastructure amenities is not that far. Hence, this is a contributing factor that makes Kalamboli an excellent investment destination.
3. Uprising Real Estate Trends
Kalamboli is a very happy locality with good people in the neighbourhood. Additionally, connectivity to schools, colleges, transportation hubs and other parts of the city is very feasible. Thus, it helps set the real estate trends at a peak.
Many property developers are actively promoting their projects around various parts of Kalamboli. It is easy to find low-budget flats in Kalamboli compared to the current market scenario. Studies suggest a 2 BHK flat in Kalamboli will be cheaper than in Airoli or Kharghar.
People who are tight on budget and want to invest in real estate projects in Navi Mumbai are eyeing the properties in Kalamboli. The current average price per sq. ft. in Kalamboli ranges between Rs. 7,500 and Rs. 8,000. It is considerably less than the average pricing of properties in Kharghar and Panvel.
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4. Upcoming Developments in Kalamboli
The government has proposed several developments around the region of Kalamboli, which will also contribute towards making it a prime investment hub. Some of the proposed developments are:
- Navi Mumbai SEZ (Special Economic Zone) is proposed to be built in Kalamboli
- Kalamboli will be hosting the first-ever animal hospital in Navi Mumbai
- Plans to install air pollution monitoring devices across Kalamboli
- Affordable homes are to be built around the locality, as per rising demands
- A railway coaching complex is proposed to be built around the locality
Conclusion
So, these are the four reasons why Kalamboli could emerge as an investment hotspot. The real-estate trends are rising on a wider scale, and Navi Mumbai is soon planning to bring in more developments in the forthcoming times. Considering all that and more, the existing real-estate properties are in high demand, and the developers are working towards introducing new ones to meet the specific needs of home buyers.
