KDMC Real Estate Market: A Hub of Opportunities and Growth
©Google • Location Advantage:- KDMC's proximity to Mumbai, the financial capital of India, makes it an attractive option for those seeking affordable housing options with easy access to the city. The region is well-connected by road and rail, with the Kalyan and Dombivli railway stations serving as major transportation hubs.
• Infrastructure Development:- The KDMC region has seen significant infrastructure development in recent years, with the construction of new roads, flyovers, and public transportation systems. The proposed Kalyan-Dombivli Metro line will further enhance connectivity and boost the real estate market.
• Affordable Housing:- KDMC offers a range of affordable housing options, from budget-friendly apartments to luxury residences. The region has seen a surge in demand for housing, driven by its affordability and proximity to Mumbai.
• Market Trends:- The KDMC real estate market has witnessed steady growth in recent years, with property prices appreciating by 10-15% annually. The demand for housing is driven by end-users and investors, with a growing interest in luxury and affordable housing segments.
Some popular localities in KDMC include:
- Kalyan West
- Dombivli East
- Kalyan East
- Dombivli West
- Ulhasnagar
Conclusion:- The KDMC real estate market offers a unique blend of affordability, connectivity, and infrastructure development, making it an attractive option for homebuyers and investors. With its growing demand and appreciating property prices, KDMC is poised to become a hub of opportunities and growth in the real estate sector.
Here Are Some Reasons Why Purchasing Property In KDMC Is A Good Idea
- The KDMC commissioner has approved a budget of Rs 3,182 crore to reduce the taxpayer's burden.
- The allocated budget will focus on women, seniors, students, and specially-abled individuals.
- Diverse welfare programs, pension plans and educational initiatives are under the Divyang Kalyan Yojana, for which funds worth Rs 12 crore have been dedicated.
- Separate funds have also been allocated to set up women’s scholarships and hostels.
- The Abhay Yojana, implemented from March 3rd to March 31st, 2024, will include a rebate on the total amount of property and water bill taxes. Additionally, a 25 percent penalty reduction is also suggested for the current year.
- Taxpayers can also benefit from a 75 percent rebate scheme if the pending dues are cleared in a lump sum.
According to experts,
• Kalyan-Dombivli’s real estate market has driven recently, mainly due to the increasing demand for affordable housing in Mumbai and sky-rocketing prices in Mumbai’s suburbs.
• The region has an industrial belt up to Badlapur, which provides better employment opportunities for people residing nearby and accessibility to affordable rental properties.
• The infrastructural and commercial development is at a fast pace. There is easy accessibility to all major hubs, schools, colleges, hospitals, business hubs and market.
• A proposed project of Navi Mumbai metro rail expansion up to Kalyan also has fueled the demand for real estate in the Kalyan-Dombivli region, as well as expecting to give a big boost to the economy.
• Both Dombivli and Kalyan have good connectivity to Mumbai and other cities due to frequency in the availability of local trains and buses. The road connectivity is through Kalyan-Shilphata Road, Agra Road and National Highway 4.
• The developing growth all around realty sector has led the area to witness a high demand for affordable housing. You will now notice positive trends in the realty market here. With various infrastructure projects in the pipeline, one can expect a price appreciation of nearly 20-25% over the next few quarters.
So, if you are planning to invest in affordable properties, Kalyan- Dombivli region can be a good option.
