How is Kalyan’s connectivity redefining its real estate prospects?

Kalyan’s enhanced connectivity, driving real estate growth and investment opportunities.

Kalyan, nestled in the heart of the Mumbai Metropolitan Region (MMR), is in a transformative phase, driven by its burgeoning connectivity. The imminent enhancements in transportation infrastructure highlight a significant shift that will impact the lives of residents and reshape the real estate dynamics of the region.

According to the recently released Anarock Report, Kalyan’s connectivity surge serves as the cornerstone of regional development, injecting vitality and fostering a promising future for future generations. The report underscores a substantial improvement in liveability indices alongside a notable uptick in real estate value, solidifying Kalyan as an investment haven.

 

Elevating Lives: Connectivity as the Bedrock

Beyond mere transportation upgrades, enhanced connectivity is the bedrock of an improved quality of life in Kalyan. Reduced commute times alleviate the burden of travel. As per the Anarock report, the Samruddhi Mahamarg and the Mumbai-Delhi Industrial Corridor are poised to deliver seamless, plug-and-play multimodal connectivity. This integration will yield a substantial surge in the region’s overall connectedness, marking a pivotal leap forward. The envisioned line along the Panvel-Virar corridor establishes a direct link to the proposed Navi Mumbai International Airport, amplifying accessibility.

Further boosting this connectivity, the ambitious 100-km long, 8-lane Virar-Alibaug Multimodal Corridor (VAMMC) promises a significant enhancement in transportation networks. The VAMMC is set to traverse key locations, including Vasai, Bhiwandi, Kalyan, Ambernath, Panvel, Uran and Pen. Primarily designed as a pivotal link, it will seamlessly connect with ongoing developments, such as the Navi Mumbai International Airport, the JNPT Port, the Mumbai Trans Harbour Link (MTHL) and a dedicated freight corridor. Anticipated to slash travel time by 50%, this corridor will play a crucial role in enhancing connectivity across the MMR and Goa, utilizing the Mumbai-Satara Highway as a strategic shortcut.

The Mothagaon-Mankoli bridge will alleviate traffic congestion on two existing routes – Dombivli to Shilphata, Mumbra, Thane and Mulund, and Dombivli to Kalyan, Bhiwandi Bypass, National Highway 3 and Mumbai. Specifically designed to minimise travel distance, the bridge will cut approximately 27 km off the current routes.

Kalyan’s 26-km Ring Road, seamlessly linking Titwala (Kalyan) to Dombivli (W), underscores the strategic enhancement of connectivity in this region. The stretch from Hedutane (Dombivali) to Titwala (Kalyan) will bring substantial benefits to those commuting within Kalyan-Dombivli. Currently, the heavily congested Kalyan-Shilphata Road serves as the primary link between Kalyan-Dombivli and Titwala. The Durgadi Bridge enhances connectivity between Kalyan, Bhiwandi, Thane and Mumbai.

The upcoming Navi Mumbai International Airport, slated for operational status by 2024, is anticipated to be approximately 37 km away from Kalyan. The upcoming Mumbai Metro Orange Line 12 (Extension) or the Kalyan-Dombivli-Taloja Line will have 18 stations connecting Navi Mumbai with Kalyan-Dombivali. The upcoming Metro Line 5 from Thane to Bhiwandi to Kalyan will provide interconnectivity with Metro Line 4 (Wadala to Kasarvadavli), the proposed Metro Line 12 (Kalyan to Taloja) and the existing Central Railway. It is expected to reduce the current travel time by 50-75%.

Other infrastructural developments currently proposed or under discussion include Metro Line 14, Waterways, the Station Area Traffic Improvement Scheme (SATIS) and the Bhiwandi-Kalyan-Shilphata elevated road.

 

Catalysing Investments and Growth

This increased accessibility is attracting businesses seeking to establish themselves in strategically located areas with improved transportation links. As businesses gravitate toward well-connected regions, job opportunities are burgeoning, bolstering the local economy and instigating a surge in demand for both residential and commercial spaces. This convergence of developments is enticing developers to invest in transformative projects that harmonise with Kalyan’s evolving connectivity.

The collective impact of these infrastructure initiatives is catalysing economic stimulus. Investors and developers are eyeing Kalyan as a promising hub for innovative and sustainable projects. This convergence of developments augments the region’s appeal to potential investors and amplifies opportunities for holistic urban development.

Kalyan’s connectivity surge heralds an era of transformation, transcending physical linkages, to impact the lives of its residents and the real estate dynamics of the region. As the region gears up to embrace these developments, it stands poised to attract commuters, investors and homebuyers looking for promising prospects and an improved standard of living.

The integration of these infrastructure developments into the fabric of Kalyan’s growth story paints a compelling picture of a region primed for progress, where convenience, investment potential and lifestyle enhancements merge seamlessly.

(The author is Chairman & Managing Director, Sunteck Realty)

 

Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com

 

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