Why It Is Good To Invest In Property In Bhiwandi
Located in the Thane quarter, Bhiwandi is a popular Mecca for the logistics and cloth diligence. This artificial growth coupled with optimal connectivity to Thane and Mumbai and excellent communal structure has led to a large-scale domestic real estate expansion in Bhiwandi.
Bhiwandi is positioned in the Thane District of Maharashtra’s Konkan Division. The megacity is roughly 15 km down from Thane (Majiwada) and 20 km from Mumbai (Mulund East), which lies towards its western side. Kalyan, Dombivli and Ulhasnagar, the other notorious metropolises in the Thane quarter, are located towards its south.
A well- developed marketable position, Bhiwandi is known for its cloth and logistics diligence. Over the times, Bhiwandi has witnessed robust casing demand due to its expansive in- megacity artificial exertion, connectivity with Thane and Mumbai, relative affordability against Thane, and well- developed communal structure. The megacity enjoys excellent connectivity with Maharashtra’s developed areas via strong road and rail nexus. The forthcoming Line 5 of the Mumbai Metro between Thane, Bhiwandi and Kalyan would further boost the connectivity quotient of the region and impact its domestic real estate demand.
The casing force available for trade in Bhiwandi substantially comprises domestic apartments, and nearly half of them are 1 BHK configuration, followed by 2 BHK.
Roughly 60 percent of the casing systems in Bhiwandi are ready to move, with the remaining being under construction, indicating the trust and auspicious beliefs of real estate inventors in Bhiwandi’s real estate eventuality.
Bhiwandi’s metamorphosis into a marketable Mecca
Several factors, similar as connectivity to Thane and Mumbai, vacuity of large land parcels and government enterprise, have contributed to the rise of Bhiwandi as a warehousing and logistics Mecca.
For generations, residers of the region possessed large land parcels, with tilling being the primary occupation. Still, with rapid-fire urbanization and adding land costs, utmost co proprietors gave up tilling conditioning and leased their land for storehouse construction to earn a better Return on Investment (ROI). The artificial status accorded to the logistics and warehousing sector also played a critical part. It made it simpler to for investors gain long- term loans for erecting logistics centers and storages. The manufacturing units formerly placed in Bhiwandi also started exercising the recently set up storages, further propelling their growth.
The area benefits from an excellent road network that connects it with Thane and Mumbai, easing the fast and smooth delivery of goods to an expansive consumer base. As the consumer base in Mumbai Metropolitan Region (MMR) grows, Bhiwandi is anticipated to see large-scale growth.
Proposed structure systems
The planned 25 km-long handling through Thane-Bhiwandi-Kalyan metro corridor (Line 5) of Mumbai Metro will drastically develop Bhiwandi’s connectivity chance. The corridor is anticipated to get functional by 2024- end.
The Bhiwandi-Kalyan-Shilphata road is also witnessing widening and strengthening workshop, which, once completed, will ease commute towards the metropolises of Kalyan, Dombivli and Ulhasnagar.
Social structure
Bhiwandi has excellent social structure, which provides a great living experience for its residers. There are plenitude of prominent seminaries, hospitals, premises, and shopping complexes in the megacity.
Bhiwandi’s artificial growth has led to robust domestic real estate exertion, as indicated by a large number of under- construction systems and a steady price rise. The vacuity of affordable casing units has also attracted first- time home buyers. From an investment perspective, the perfecting transport structure and growing industrialization are anticipated to further spark the real estate growth and property prices in the region.
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