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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