Realty hot spot series: Affordable residential destination in the outskirts of Mumbai

In this week's realty hot spot series, we look at Kalyan situated in the outskirts of Mumbai. This is an affordable residential area boasting of a good mix of developed and developing sub-localities along with good retail and social infrastructure.

The property price range per sq. ft. in this locality is Rs 2,600-6,200. A 1-BHK, which is the property type that enjoys the maximum supply here, and it costs about Rs 34 lakh on average and comprises 630 sq. ft area.

Here are other key features of Kalyan that make it a real estate hot spot.

Locality Snapshot

• Emerging affordable residential destination for property seekers
• Presence of employment hubs of Dombivli, Bhiwandi, Ulhasnagar, Ghansoli and Mahape nearby
• Metro Junction Mall and Xperia Mall among major shopping destinations
• Decent social infrastructure in proximity, including schools, hospitals, banks, cinema halls, etc.
• Local trains, Kalyan-Shilphata Road and NH-160 provide extensive connectivity with other MMR areas

Supply by BHK

Consumer preference by budget segment (Rs)

Consumer preference by covered area (sq ft)

Schools 10+
Hospitals 10+
Restaurants 20+
Banks 20+
Grocery Stores 20+
Petrol Pumps 10+

Source: Magicbricks