Prices in the real market sector fluctuate from time to time. It is a common phenomenon that is visible in the real estate market sector of major cities as well as suburban areas in India. However, the rise in the demand for residential property in Kalyan, Dombivli, despite the rising inflation, has become a topic for discussion. Since 2009, the demand for homes in Dombivli has risen by a huge margin of 310%. Read on to learn about the possible reasons behind this astonishing trend.
Investing in a home is a good investment decision
Investment ideas vary from one investor to the other. As far as buying a home is concerned, there are two ways of looking at it. You can consider it to be either a lifestyle or an investment decision. If you perceive it as a lifestyle decision, you’d feel that buying a home is similar to buying a luxurious good. But if you consider it as an investment decision, you are more likely to look for ways to get profitable returns on your investment.
Homebuyers are showing interest in the residential property in Kalyan due to its location advantage
The value of a residential property located in a favorable location increases with time. Thus, to a large extent, the future investment value of a home depends on its location. Location advantage is the primary reason for the emergence of several new projects in Kalyan, such as Runwal Gardens.
Dombivli is located amid a trinity of neighborhoods like Mumbai, Navi Mumbai, and Kalyan. This feature makes Dombivli the epicenter of real estate in a strategic location nearby Mumbai.
Alongside elaborate railway connectivity, Dombivli also has excellent road connectivity. Both these modes of connectivity make traveling simple and easy for the residents of the new projects in Kalyan. The connectivity options make it easy for residents to travel to south Mumbai through either the rail or road route according to their convenience.
Kalyan Shilphata Road, on which Runwal Gardens is located, is an arterial road that connects Kalyan with Panvel and Thane. It also provides easy access to other commercial hubs nearby Kalyan.
Dombivli is the home to futuristic infrastructure projects
Most homebuyers at present are more informed than their counterparts in the past. They do thorough research before putting their hard-earned money into a home. Those who perceive buying a home as a future investment review its future value with a critical eye. Aside from location advantage, the other factor they consider is the futuristic projects.
The suburbs of Mumbai, like Kalyan and Dombivli, have the edge over other suburbs in this regard. For this reason, homebuyers view them favorably as the best destinations for buying homes.
The Kalyan Taloja Metro Line constitutes one of the primary examples of a futuristic infrastructure project. Airoli-Katai Tunnel will connect many suburbs to Kalyan and Dombivli.
Albaugh-Virar Multimodal corridor is a 126-meter-long corridor that further exemplifies what the future residential projects in Kalyan and Dombivli would look like in the future.
In addition, several other infrastructure projects are also in the pipeline. They will be complete in the next few months down the line. Following the completion, these projects will further enhance the connectivity of Dombivli with other neighborhoods.
New projects in Kalyan and Dombivli are equipped with better amenities
Amenities play an important role in boosting the desirability of homes in most projects these days. The new projects in Kalyan and Dombivli have amenities of both basic and advanced levels. From ample spaces outdoors to greenery and a clubhouse loaded with amenities, the upcoming residential projects meet the majority of the expectations of the seekers of luxury homes.
Final thoughts
No doubt, inflation has gone up over the last few years. But it has not negatively impacted the sale of homes in the suburban areas of Mumbai like Dombivli. Instead, it has gone a notch above in the last few months following the outbreak of the Covid-19 pandemic. For the above reasons, the new projects in Kalyan constitute an excellent futuristic investment option. Consequently, a further rise in the sale of homes in Dombivli can be expected in the future.