Overview of Dombivali MIDC, Thane

Location and Amenities

Dombivali MIDC rests in Thane and mixes commercial and residential areas. It has good access to essential services like schools, hospitals, and shopping. Public transport is easy, with Nilje railway station nearby and upcoming metro lines improving connectivity.

Property Rates

Average and Starting Prices

In the MIDC area, properties start around Rs. 3,880 per sqft on average Rs. 6,834 per sqft. In the MIDC Residential Area, we can expect starting prices around Rs. 2,711 per sqft, and averages at Rs. 6,133 per sqft.

Price Range

Properties in MIDC fluctuate between Rs. 3,880 to Rs. 11,620 per sqft. Meanwhile, the MIDC Residential Area price spans from Rs. 2,711 to Rs. 11,599 per sqft.

Price Trends

Year-over-Year Growth

MIDC has seen its property values fall by 0.83% in the past year. In contrast, the MIDC Residential Area has boomed with a 5.23% surge in property rates over the same period.

Long-Term Trends

For the wider Dombivali area, flat rates dropped by 1.1% over the last year and declined by 3.1% over the last decade.

Types of Properties

Residential Options

Residential choices in the area include apartments, standalone homes, and luxury villas. Apartments vary from 1 BHK to larger units.

Rental Options

Renters can pick from 1 BHK to 4 BHK houses and apartments, complete with modern amenities like modular kitchens, air conditioners, and security.

• Rental prices:
  • 1 BHK: Rs. 5,500 - ₹13,000
  • 2 BHK: ₹11,000 - ₹22,000
  • 4 BHK: ₹50,000

Rental Prices

• Here is a quick rental snapshot:
  • 1 BHK: Rs. 5,500 - ₹13,000
  • 2 BHK: ₹11,000 - ₹22,000
  • 4 BHK: ₹50,000

Investment Potential

This area offers solid investment appeal due to its mixed-use setup and rising residential demand. The steady growth in MIDC's residential part hints at its bright future for property investors.

PropertyWala's Conclusion

In conclusion, Dombivali MIDC, Thane, offers both industrial and residential zones, making it a top pick for buyers and renters alike. With wide-ranging prices and property types, it meets many budgets and needs. Though some areas saw a price dip, the residential segment in MIDC is booming, suggesting significant long-term investment potential. It’s important for prospective buyers and renters to weigh current trends and future growth when making decisions.