3 reasons to invest in newly launched properties in Kalyan

Berry Mathew

3 reasons to invest in newly launched properties in Kalyan

Finding an affordable and spacious home in Mumbai can be challenging for most homebuyers. However, the suburbs and neighbouring cities offer good prospects in terms of living standards and job opportunities. Recent years have witnessed Kalyan emerging as a real estate hotspot. The expanding infrastructure, availability of high-quality social amenities, and proximity to Mumbai and Thane have encouraged developers to construct state-of-the-art residential projects in the city. These newly launched properties are creatively designed and have unique features found in some of the top properties in Mumbai and other leading metropolitan cities. Here are a few reasons you should invest in newly launched properties in Kalyan.

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A great transport system

Kalyan’s well-developed transport network and superior infrastructure have helped it become a real estate hotspot. Most homebuyers rely on the city’s bus service for daily travel. The buses are operated by the Kalyan-Dombivali Municipal Transport and are comfortable and ply regularly. The bus service connects Kalyan with neighbouring areas, including Dombivali, Bhiwandi, Navi Mumbai, etc. Chhatrapati Shivaji Maharaj International Airport in Mumbai is the closest airport to Kalyan. The airport is around 45 kilometres from Kalyan and connects Mumbai to all the major destinations in India and abroad. The Kalyan junction provides good rail connectivity. The Metro line 5 will link Thane-Bhiwandi-Kalyan, and reduce travel time. In addition, completing the Kalyan Ring Road will boost connectivity and the real estate sector.

Social amenities 

The best properties in Kalyan are strategically located and have excellent social amenities. Numerous schools and colleges make Kalyan a perfect place for homebuyers with children. Podar International School, Don Bosco, Sacred Heart School, and St Xavier’s International School are a few institutions that impart the best education to students and contribute to their overall development. Some of the top hospitals in the city, like Fortis Hospital and others, specialise in various diseases and ensure that patients get quality treatment. The presence of reputed shopping malls, restaurants, and numerous sightseeing options, make a living in Kalyan enjoyable.

Affordable housing

Kalyan offers homebuyers numerous options when it comes to buying a home. Here you will find premium properties comprising first-class amenities that are comparable to premium apartments found in Mumbai, Delhi, Bangalore, and other cities. The spacious apartments and abundance of greenery make Kalyan a destination worth living in. In addition, properties in Kalyan are much cheaper than in Mumbai. Due to the availability of low-cost housing, Kalyan has emerged as a favourable real estate destination for most homebuyers, especially first-timers. Property prices in Kalyan are around Rs. 6,000 per square foot. This is very favourable compared to premium localities in Mumbai like Andheri and Chembur, where the average price is around Rs. 20,000 per square foot.

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Considering all the factors, Kalyan is a great place to live or to buy property as a source of investment. Lodha Group, Saket Group, and Kohinoor Group are a few well-known developers offering residential projects in the city. The properties are well-located and provide amenities like parking spaces, sports and leisure facilities. The apartments are affordable, and the price range for some projects starts as low as Rs 40 lakh, making it a great choice for those looking for affordable housing. You can check out the features, prices and amenities of newly launched or under-construction properties on Blox, a leading real estate buying platform.