The Mumbai Metropolitan Region has always been a hub for real estate investment, with new localities emerging as hotspots for homebuyers every year. One such location that has been gaining a lot of attention lately is Shilphata road, known for its modern infrastructure and promising development prospects. However, what does this mean for the neighbouraing city of Kalyan and its real estate progress?
In this article, we will take a closer look at how the rise of Shilphata road has affected Kalyan’s real estate progress. If you are interested in buying a house for sale in Kalyan, you won’t want to miss out on this analysis. We will explore the advantages and disadvantages of both areas, as well as examine the impact of the increasing demand for property in Shilphata on Kalyan’s real estate market. So, keep reading to find out whether Kalyan is still a viable option for homebuyers in the face of this competition.
To understand the impact of Shilphata road on Kalyan’s real estate progress, it is important to examine the advantages and disadvantages of both areas. Kalyan has always been a popular choice for homebuyers due to its convenient location, excellent connectivity, and comparatively affordable prices. On the other hand, Shilphata road offers a more modern and upscale lifestyle, with newer developments and better amenities.
One advantage that Kalyan has over Shilphata road is its established infrastructure. The city has been around for much longer than Shilphata road, and as such, has a more well-developed infrastructure in terms of transport, healthcare, education, and other essential services. Moreover, Kalyan is connected to major highways, including the Mumbai-Pune Expressway, and has a railway station that connects it to other parts of the Mumbai Metropolitan Region.
Another advantage of Kalyan is its comparatively lower property prices. While Shilphata road is undoubtedly an attractive location for real estate investment, it is also more expensive than Kalyan. This means that homebuyers on a budget might find it more feasible to invest in Kalyan rather than Shilphata road.
However, the rise of Shilphata road has also had a significant impact on Kalyan’s real estate progress. As more people flock to Shilphata road, the demand for property in Kalyan has decreased, which has led to a stagnation in its real estate market. Moreover, the increasing popularity of Shilphata road has led to more developers and builders focusing on this locality, resulting in a lack of new projects in Kalyan.
Despite this, Kalyan still holds promise for homebuyers who are looking for affordable options in the Mumbai Metropolitan Region. The city has many attractive residential projects, such as the Mahindra Happinest Kalyan, Godrej Riverside, and Runwal Gardens, among others. These projects offer a wide range of amenities and conveniences, including swimming pools, gyms, gardens, children’s play areas, and more.
Moreover, the ongoing development of Kalyan as a smart city is likely to boost its real estate progress in the coming years. The city has been earmarked for several infrastructure projects, including the Kalyan Metro, which will connect it to other parts of the Mumbai Metropolitan Region, and the Kalyan-Dombivli Ring Road, which will reduce travel time between the two cities. Additionally, Kalyan is set to get a new airport in the near future, which is likely to increase its demand for real estate.
The rise of Shilphata road has undoubtedly had an impact on Navi Mumbai’s real estate progress, but the latter still holds promise for homebuyers who are looking for affordable options in the Mumbai Metropolitan Region. Just ensure that you do through research before buying any property and you can expect to earn great returns on your investment.