Real Estate News
August 12, 2016
With plans afoot towards boosting seamless connectivity, besides the development of a business hub and more, the overall equation in the realty sector of this part of the Mumbai Metropolitan Region (MMR) is poised for change, thus dramatically transforming Kalyan into a new real estate destination.
With major infrastructural projects underway in and around Kalyan, the region is likely to witness a complete change in demographics, thus making it the most promising real estate destination in the Mumbai Metropolitan Region (MMR). For instance, the planning body City and Industrial Development Corporation (CIDCO) plans to extend the Belapur-Taloja metro rail service upto Kalyan, which is bound to boost the real estate scenario. Similarly, the Mumbai Metropolitan Region Development Authority (MMRDA) has planned an extensive road network, including a proposed 29 km Kalyan Ring Road. The highway connecting Thane to Kalyan will witness better connectivity due to ongoing projects on key flyovers as well as the additional bridge on Durgadi Chowk reducing the travel time to just 30 minutes.
On the other hand, the increase in commercial activity in and around Kalyan especially Thane, Navi Mumbai and its periphery has started attracting investors from Mumbai who are looking for a better lifestyle, affordable prices and good connectivity.
Interestingly, Kalyan is already shortlisted among the 98 smart cities to be developed across the country. In fact, Chief Minister of Maharashtra Devendra Fadnavis has shown special interest in the overall development of Kalyan. With the intention of boosting employment opportunities around Mumbai, the state government has planned several growth centres around MMR. A plan is now ready to start the first such growth centre in Kalyan.
The growth centre, which will be developed as a business hub, will have a well-developed transport system, smart city facilities and necessary infrastructure for housing, to attract investors.The MMRDA has accepted the plan for the growth centre which will come up on 5,500 hectares of land between Nilje and Kalyan City.
Over the years, several prominent developers have recognised the huge opportunity that the robust market in the region extends to contemporary home-buyers. With a clear vision of providing premium lifestyle solutions to aspiring buyers.
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