Why Kalyan is a Great Place to Invest in Commercial Property?
As the real estate market in Mumbai and its suburbs
continues to soar, investors are looking for alternative options that offer a
better return on investment. Kalyan, a city in the Thane district of
Maharashtra, is emerging as a popular destination for commercial property
investment. In this blog, we will explore why Kalyan is a great place to invest
in commercial property.
Firstly, Kalyan’s strategic location is one of its biggest
advantages. Situated on the outskirts of Mumbai, Kalyan is well-connected to
other major cities and towns by road, rail, and air. The upcoming Navi Mumbai
International Airport, which is expected to be operational by 2024, will
further boost the region’s connectivity and trade. Kalyan is also home to
various industries such as textiles, engineering, chemicals, and
pharmaceuticals, making it a hub for commercial activity.
Secondly, the affordability Shops For Sale in Kalyan
is a major draw for investors. According to NOBROKER, a real estate portal, the
average price per square foot for a shop in Kalyan is Rs. 19,048, while the
average price per square foot for an office space is Rs. 6,000. These prices
are significantly lower than the average prices in Mumbai, which are Rs. 37,500
and Rs. 15,000, respectively. This makes Kalyan an attractive option for
investors who are looking for a high return on investment.
Thirdly, the high demand for commercial property in Kalyan
is a testament to its potential for growth. With a population of around 1.5
million, Kalyan has a large and growing market for commercial activities. The
city also attracts a lot of migrants, tourists, and pilgrims, who come to visit
the various religious and historical sites. This high demand for commercial
property is expected to increase further as the city undergoes rapid
urbanization and development.
Lastly, the future prospects of Kalyan are promising. The
Kalyan-Dombivli Smart City Project aims to transform the city into a smart,
sustainable, and livable urban center. The Kalyan Growth Centre, a part of the
Delhi-Mumbai Industrial Corridor, will create a world-class industrial and
commercial hub. The Kalyan Ring Road and the Kalyan-Shilphata Elevated Road
will improve connectivity and reduce traffic congestion. These initiatives will
enhance the value and attractiveness of commercial property in Kalyan, making
it an even more lucrative investment option.
Kalyan is a great place to invest in commercial property due to its strategic location, affordability, high demand, and future prospects. As the city continues to grow and develop, the value of commercial property in Kalyan is expected to increase, offering investors a high return on investment. If you are looking for a lucrative opportunity to invest in commercial property, Kalyan might be the perfect choice for you.
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