Falling under the MMR, Ulhasnagar has been gaining a lot of popularity off-late, courtesy of its developing infrastructure and affordable real estate options. The city houses a population of close to 7 lakh residents, covering an area of 28 sq. km. The mid-segment locality offers a range of ready-to-move 1BHK flats and proximity to employment hubs like MIDC Dombivali, with top developers Birla Estates, Vardhaman developers, and JP Group developing exciting projects in the pipeline for areas such as Ulhasnagar 4.
Managed by the MMRDA, the city offers excellent connectivity via road and railway and a proposed extension of Metro Line 5. Regarding commercial viability, Ulhasnagar serves as a production centre for rayon, silk, electronic appliances, and dyes while also known for its cloth, furniture, and electronics market. Two other sectors contributing to the economy of Thane’s metropolitan region include travel and tourism. A relatively unknown fact, Ulhasnagar is one of the largest jeans-producing centres in the world. The top-class infrastructure, coupled with ease of commuting, helps aid the growth of small industries and businesses. These factors have played a key role in making the MMR city popular among home buyers.
Situated 58km from the financial capital Mumbai, Ulhasnagar has shown an appreciation rate of 9.3% in the last year, with the current price per sq. foot being an estimated ₹4,700.
Managed by the MMRDA, Ulhasnagar continues to witness rapid growth in its infrastructure, with the city offering all of the basic amenities that include the necessary social infrastructure and efficient modes of transportation. Thus making the city a top prospect for real estate infrastructure, with space availability a bonus.
Having been designated with the tag of an industrial city, Ulhasnagar has experienced increased demand for factories, leading to massive employment generation. Therefore, the MMR city offers a dual benefit for developers, be it residential or commercial properties. Proximity to the Ordinance Factory and other government institutions of Ambernath East is another real estate industry accelerator.
Offering an average price per sq. foot of an estimated ₹4,700, Ulhasnagar has an array of options available for the mid-range income groups and working class. The average price range for those looking to live on rent is ₹7,600-12,200. An area gaining a lot of traction in terms of demand for flats off-late is Ulhasnagar 4.
As Ulhasnagar continues to attract home buyers, the concerned authorities have been upgrading the city’s infrastructure in terms of schools, colleges, and medical centres, improving the quality standards of its residents.
Ulhasnagar offers a great network of roads and railways, helping it connect to its counterparts in MMR. For those wanting to use the rail system, both Ambernath and Kalyan railway stations on the central line are viable options, along with the Kalyan Badlapur Road, Badlapur-Katai Road, and NH-61 ensuring seamless connectivity when it comes to road travel. The upcoming Line 5 extension of the Mumbai Metro on the Thane-Kalyan route will further help increase accessibility.
As the demand for residential spaces grows, the state government and municipal authorities have been formulating plans to make life easier for its residents.
Given the affordable real estate options and growing industries, Ulhasnagar promises a bright future for its investors, evident from the points listed above. Hopefully, the above blog has served its purpose of the factors to look at before buying a flat in MMR city. To gain further insight, you could check out some properties on our website Blox, India's first consumer-centric real estate buying platform which helps you buy your home in 7 clicks and offers services like access to exclusive properties, unlimited site visits, 0% brokerage, constant updates, and much more.
So, you’ve found your dream home, arranged for the finances to purchase it, and are now ready to live your desired life carefree. But amidst all that, as a new or prospective home buyer, you must not let one critical part of the property purchase process go unnoticed: the sales agreement!
Picture yourself in the vibrant heart of Navi Mumbrai, where luxury meets opportunity and a sense of community thrives. Welcome to Sanpada, a locality that has swiftly risen to prominence in the world of real estate. With a coveted pin code of 400705, Sanpada offers a dynamic landscape of living options. Boasting over 350 properties for purchase and more than 100 for rent, it's no wonder residents rate this neighbourhood an impressive 4.5/5 for connectivity and a solid 4.3/5 for safety.
In today's rapidly changing world of commerce, where the ability to adjust and be versatile is pivotal for prosperity, the selection of suitable office premises can wield considerable influence. Amongst the numerous alternatives at hand, two particular terms frequently gain prominence: secured office areas and virtual office settings. Although each possesses its own strengths, they are distinctly purposed. To effectively comprehend the distinctions and arrive at a well-informed choice, it becomes imperative to delve into the dissimilarities between these two alternatives.