How Has Kalyan Transformed the Real Estate Market of Navi Mumbai
Apr 23, 2023
Over the past few years, Kalyan has witnessed significant infrastructural development, offering a plethora of social amenities, resulting in a much better lifestyle for its residents. With time, Kalyan has now become one of the fastest-evolving areas of Navi Mumbai. A city known for its rich cultural history, Kalyan is beside the beautiful river, Ulhas. Ranked the 9th biggest city in Maharashtra, the MMR region offers urban living standards.
Let us have a look at the massive developments and advancements that the city has witnessed in recent times:
1. Smooth Connectivity to Major Sites
Since Bhiwandi is one of the largest logistics hubs here, its proximity to Kalyan makes it a promising industrial hub. This has led to massive developments in the area to ensure the uninterrupted freight movement. Kalyan now offers smooth connectivity to major commercial sites like Bhiwandi, Thane, Ulhasnagar, Dombivli, Ambernath, and Badlapur. The travel time to all these locations has been reduced considerably, which is expected to make things easier for more than 60 lakh people.
Kalyan is also included in the waterway transportation project by the government of Maharashtra. The project aims to develop Vasai-Kalyan’s water transport service, which will reduce traffic congestion and improve the passengers' overall transit experience. This is also bound to help people commuting from South Mumbai to Kalyan.
There are also a bunch of proposed projects that aim to further improve the connectivity here. For instance, the Alibaug-Virar multimodal corridor comprising of 16 lanes covering a distance of 126km will be a boon for the residents. There are also plans for a monorail link between Thane, Bhiwandi, and Kalyan. This development will also make the commute much more accessible, especially for travellers passing by Kalyan.
2. Upcoming Social Amenities
As part of the Smart City plan, Kalyan is expected to see many more development prospects in the next decade. These developments will surpass the advancements seen by any other area in the Mumbai Metropolitan Region. While there are actually 20 projects in the plan, four have already been executed. These include automated solid waste management, segregated trash bins for houses, and a bio-methanation plant comprising 10 metric ton in Umbarde. Moreover, the next project, which consists of installing LED street lights across the city, was completed recently.
The other projects that are next in line consist of a control command room, CCTV, and traffic signals that will be in the KDMC offices in Kalyan.
Other than facilities that aim to offer a better lifestyle, Kalyan also offers some recreational spots as well. The locality is in proximity to some prominent shopping malls like Metro Junction Mall, Sarvoday Mall, My Mall, and Lodha Xperia Mall.
3. Evolving Educational Hub
Besides this, the locality is also expected to welcome many more students thanks to the upcoming inauguration of the Birla Institute of Technology and Science (BITS), one of the most renowned education institutions in Kalyan.
Besides this, Mumbai University has also launched a new sub-centre in Kalyan. This is where students can apply for admission to the school of engineering. They can enrol themselves and choose from 100 courses offered by the Institute of Distance and Open Learning.
Currently, they are offering four new courses to its sub-centre, Kalyan, and are planning to expand educational opportunities for students.
4. Emerging Commercial Hub
With the massive developments seen by the locality and some amazing ones being in the pipeline, various MNCs are also shifting their bases to Kalyan-Bhiwandi and Navi Mumbai. This is bound to increase the number of employment opportunities in the area, which makes it a future commercial and corporate hub.
Courtesy of the smooth development pace, employment opportunities have increased, with various MNCs shifting their bases to Kalyan-Bhiwandi and Navi Mumbai, making it a future corporate hub.
5. Upcoming Residential Projects
The region has also witnessed the construction of a number of real-estate projects that have helped the residents find their dream homes under a budget. So, if you are someone looking for a 2 BHK flat in Kalyan East, you do not have to worry. This is a residential and industrial suburb in Thane districts that also has some commercial developments.
The real-estate projects in the area have made a mark and have made Kalyan the final vertex of the golden triangle – Navi Mumbai, Thane, and Kalyan. This also makes Kalyan a highly coveted destination to invest and reside in.
Kalyan has no dearth of possibilities. With better connectivity, evolving commercial and corporate hubs, upcoming real estate projects, and new educational institutions, the residents can lead a comfortable lifestyle. No wonder Kalyan is now a much-preferred option for investors and homebuyers. Moreover, a real estate investment in this area will prove to be a highly lucrative deal in the long run. We hope that this information will help you get an idea of the mammoth development the area has witnessed within a short span of time.