Everything You Need to Know About Buying a House in Kalyan

Kalyan covers an area of 137.2 sq km with an estimated population of over 17 lakhs. Located on the banks of the Ulhas River, this subdivision of the Thane district has shown much promise over the years, with real estate being one of the game-changers. Smooth connectivity and social infrastructure like schools, colleges, hospitals, and other medical facilities have led to a large influx of people in the MMR city.

The real estate market continues to reap the benefits of Kalyan’s growing popularity as an investment destination as top developers such as Godrej, Suviam Pearl, and Mahindra Lifespaces queue up with multiple exciting projects. Despite a 26% increase in prices between 2015 and 2022, there is no slowing down the demand for housing in this developing city of Maharashtra, as an estimated 46 lakh people plan to migrate to Kalyan by 2031. Hence, let’s find out in detail the reasons behind such hysteria.

Here’s why buying a house in Kalyan could prove to be a wise decision.

1. Affordable housing 

Away from the congested city of Mumbai, Kalyan has a lot of pocket-friendly options for buyers looking to invest in real estate, especially families. For example, a 2 BHK home from a reputed developer like Godrej could cost you around ₹61.5 lakhs. The current average price per sq ft is ₹6600+ in the western and ₹5700+ in the eastern regions, respectively, of Kalyan. 

2. Ease in commuting 

Kalyan offers an efficient network of roads and railways, even serving as a crucial railway station for trains bound for Mumbai. Upcoming projects such as Metro Line 5 and the Ring Road will improve things.

3. Social infrastructure 

Known as the 7th biggest city in Maharashtra, Kalyan offers top-class facilities in schools, colleges, hospitals, and recreation centres. Some examples of this are the Birla College of Arts, Commerce, and Science, Don Bosco High School, and Fortis Hospital.

4. Employment opportunities 

Kalyan and Bhiwandi offer a wide range of logistics and warehousing services, courtesy of the availability of open spaces. Hence, generating large-scale employment as big corporations and MNCs have begun setting up operations in and around the MMR region due to lower rates and availability of land.

Kalyan offers everything, from natural beauty to historical sites and modern infrastructure, such as malls and shopping centres. Let’s look at some of the landmarks in this Smart City.

• Kala Talao Lake: Located in the heart of Kalyan, the natural water body is a tourist attraction for many, given its scenery and calmness, serving as a great spot to relax and unwind. Come sunset, dazzling LED lights and fountain shows only add to the magnificence. 
• Durgadi Fort: Captured by Shri Chhatrapati Shivaji Maharaj after defeating the Mughal emperor, the fort holds paramount significance, consisting of a temple that attracts a lot of crowds, especially during Navaratri.
• Mallanggad: Built by King Naladev during the Maurya dynasty, the hill fort is 3200 ft above ground level, a great place to camp. Some other places to visit on the hill include Panch pir, water Oasis, and Bala ansaar.
• Metro Junction Mall: The biggest mall in Kalyan, with an area of 750,000 sq feet, the recreation area offers facilities like shopping, dining, and entertainment. Former finalist of the Most Admired Shopping Centre of the Year award, here are some of the big brands it has to offer: Shoppers Stop, Lifestyle, Pantaloons, Big Bazaar, McDonald’s, KFC, and Reliance Digital. The shopping centre also hosts a 5-screen Inox multiplex.

Some other attractions for kids and young adults include Zingeria and Sahyadri Rock Adventures.  Hence, there are enough reasons to buy a house in Kalyan, especially for the middle-class segment looking to live spaciously and comfortably.