An Overview of the Booming Real Estate Market in Kalyan

Explore Kalyan’s residential and commercial property trends, upcoming developments, and investment opportunities. Get ready to experience this iconic town’s vibrant culture and modern living.

Nestled in the Thane district of Maharashtra, Kalyan is the seventh-largest city in Maharashtra and 28th in India. It forms a vital part of the Mumbai Metropolitan Region and enjoys excellent connectivity to Mumbai and other neighbouring cities.

The town is divided into eastern and western regions by a railway line and is surrounded by the picturesque Ulhas River. The eastern region of Kalyan is growing faster, with many new developments underway. Meanwhile, the western half is already well-developed and urbanized.

The property market in Kalyan is flourishing, with a range of residential and commercial properties available to suit every need and budget. The town is experiencing rapid infrastructural development, with many builders launching new residential projects presently under construction. Kalyan is indeed a town to watch out for regarding real estate development.

Types of Properties Available in Kalyan

Kalyan, a city in the Thane district of Maharashtra, is quickly emerging as a popular destination for real estate investments. Whether you’re looking to buy a home or invest in a commercial property, Kalyan offers a wide range of options to choose from. Here are some of the most popular types of properties available in Kalyan:

1: Apartments

Kalyan offers a plethora of options when it comes to apartments. From budget-friendly options to high-end luxury apartments, there is something for everyone. Areas like Ambivli, Kalyan West, and Titwala offer a variety of apartments ranging from 1BHK to 3BHK.

2: Independent Houses/Villas

Independent houses or villas may be the way to go if you’re looking for a spacious property with ample outdoor space. Areas like Kalyan West, Dombivli East, and Titwala offer a range of independent houses and villas.

3: Commercial Properties

Kalyan is a growing city with a booming commercial real estate market. Whether you’re looking to invest in a retail space, office space, or warehouse, Kalyan offers a range of commercial properties. Areas like Kalyan East and Ulhasnagar are popular destinations for commercial properties.

4: Plots of Land

Buying a plot of land may be a good option for those looking to build their own custom homes or commercial properties. Areas like Kalyan West, Dombivli East, and Ambernath offer a range of plots of land for sale.

5:Affordable Housing

Kalyan is also home to several affordable housing projects to provide quality housing to the economically weaker sections of society. Areas like Kalyan West and Ambivli offer a range of affordable housing options.

Residential Property Trends in Kalyan

Residential property trends in Kalyan, especially in the city’s western region, have been impressive in recent years. With over 999 properties in the area, the locality mostly has apartments in various sizes and configurations. The average property rates for flats/apartments in Kalyan West, Mumbai, are around Rs 7500.0 per sq ft, with prices ranging between Rs 6600.0-8550.0 per sq ft.

Regarding price appreciation, flat/apartment prices in Kalyan West have shown significant growth, with a 3.4% increase in the last year, 11.9% in the previous three years, 15.3% in the last five years, and a whopping 57.3% in the previous ten years. It indicates a steady and stable market with great potential for returns on investment.

The builder floor segment in Kalyan West is also gaining traction, with prices ranging from Rs 5750.0-7950.0 per sq ft and an average rate of Rs 7250.0 per sq ft. Regarding price appreciation, builder floor prices in Kalyan West have grown 11.5% in the last year and 22.9% in the previous 3 years.

Kalyan West offers a mix of premium and mid-segment projects, with the most expensive residential property listed at a whopping Rs 80,000,000. It is a villa that stands as a testament to the growing demand for high-end properties in the area. With 965 residential apartments, 12 builder floors, and five plots for sale, Kalyan West has something to offer everyone looking to invest in residential properties.

Commercial Property Trends in Kalyan

Kalyan, one of the fastest-growing cities in Maharashtra, has witnessed tremendous growth in the commercial real estate sector in recent years. With a robust infrastructure and strategic location, Kalyan has become a preferred destination for businesses looking to shop in the Mumbai Metropolitan Region.

The commercial property market in Kalyan is diverse and caters to the needs of businesses of all sizes. The average price for commercial properties in Kalyan is around Rs 10,000 per sq ft, with prices ranging from Rs 8000 to Rs 15,000 per sq ft.

The demand for commercial properties in Kalyan is primarily driven by its connectivity and location. The city is well-connected to other parts of Maharashtra and India through a network of highways and railways.

Some popular commercial properties in Kalyan include office spaces, retail spaces, and industrial sheds. The rental yields for commercial properties in Kalyan are quite attractive, with an average rental yield of around 8-10%.

6 Key Considerations for Buying Commercial Property in Kalyan

Investing in commercial property can be a smart and lucrative financial decision, especially in a growing city like Kalyan. However, there are several factors that one should consider before making a purchase. Here are some important things to keep in mind when buying commercial property in Kalyan:

1: RERA Registration

The first and foremost consideration is ensuring that the property is registered under Maharashtra’s Real Estate Regulatory Authority (RERA). RERA registration is mandatory and ensures the transaction is transparent and legally sound.

2: Location and Connectivity

The commercial property’s location is critical in determining its potential for growth and appreciation. Kalyan is a growing city with good connectivity to other major cities, and it’s essential to choose a property that is easily accessible and located in an area with good infrastructure.

3: Stamp Duty

Stamp duty is a mandatory fee the government pays to register the property in your name. In Kalyan, the stamp duty varies based on the gender of the buyer and other factors. It’s important to factor in the stamp duty while calculating the total cost of the property.

4:Registration Charges

Registration charges are another fee paid to the government for registering the property in your name. The registration charges in Kalyan are based on the location and the ready reckoner rates. It’s important to factor in the registration charges while budgeting for the property purchase.

5: Legal Compliance

Commercial properties are subject to several legal and regulatory requirements. Ensuring that the property complies with all the applicable laws, regulations, and bylaws is essential. It includes zoning regulations, building codes, environmental laws, and other legal requirements.

6: Future Development Plans

It’s important to consider the future development plans in the area where the property is located. It includes the proposed infrastructure projects, new commercial developments, and other factors that can impact the property’s value over time.

Upcoming Developments in Kalyan’s Real Estate Market

Kalyan’s real estate market is rising, with several upcoming developments set to transform the area into a hub of growth and investment. Here are the key points about the forthcoming developments in Kalyan’s real estate market:

1. Thane-Bhiwandi-Kalyan Metro Route 5 and the planned ring road will improve connectivity, attracting residents and businesses.
2. Sub-campus of the University of Mumbai and the proposed BITS Pilani campus will attract students and young professionals, leading to increased demand for rental properties and apartments.
3. The Smart City plan for Kalyan will integrate modern systems and services in various sectors, attracting more investors and developing new commercial and residential projects.
4. Experts predict 10-15% annual growth in real estate prices in Kalyan.
5. Average property rates in Kalyan for apartments and builder floors are Rs 7500 per sq ft and Rs 7250 per sq. ft, respectively.
6. Kalyan is set to become a major player in the real estate market of the Mumbai Metropolitan Region (MMR), offering lucrative investment opportunities to investors and homebuyers alike.

Investment Opportunities in Kalyan’s Property Market

Kalyan, Mumbai, has emerged as a promising location for property investment in recent years, and for a good reason. With a range of residential properties available, there is something for everyone looking to invest in the city’s real estate market.

• For budget-friendly options, properties like Runwal Mycity and Rutu Riverview Classic offer 1 and 2 BHK apartments at affordable prices, with possession ready to move in. These properties have a carpet area of 350 to 675 sq. ft. and offer great value for money, with prices ranging from ₹33.69 lakhs to ₹55.84 lakhs.
• For those looking for something more luxurious, there are properties like Mohan Altezza and Arihant Aarohi Phase 2. These properties offer 2, 3, and 4 BHK apartments with spacious living areas and modern amenities.
• The Mohan Altezza project has 1330 sq. ft. apartments with prices ranging from ₹96.48 lakhs to ₹2.31 crore, while Arihant Aarohi Phase 2 has apartments with carpet areas of 702 sq. ft. and prices ranging from ₹42.82 lakhs to ₹1.90 crores.
• There are also exciting new launches in the Kalyan property market, such as Provident Palm Vista, which offers 1 and 2.5 BHK apartments with a carpet area of 380 sq. ft. The project is expected to be completed by December 2027, making it a great long-term investment opportunity.

Kalyan’s property market offers a variety of investment opportunities for both budget-conscious and luxury-seeking investors. With prices ranging from ₹33.69 lakhs to ₹2.31 crore, there is something for every budget. So, if you’re looking to invest in Mumbai’s real estate market, Kalyan is a location to consider.

Conclusion

In conclusion, Kalyan is one of the fastest-growing cities in Maharashtra, with the real estate market flourishing. With a range of residential and commercial properties at competitive prices, the town offers something for everyone looking to invest in the property market.

With upcoming developments such as the Thane-Bhiwandi-Kalyan Metro Route 5 and the proposed ring road, Kalyan is set to become even more attractive to investors. With attractive rental yields and expected growth of 10-15% annually, Kalyan is an excellent location for property investment.