Overview of Kalyan Bhiwandi Road Area, Thane

The Kalyan Bhiwandi Road area in Thane is transforming rapidly and becoming a favorite for buyers and renters in the real estate market.

Strategic Importance

• Situated in the northeast part of the Mumbai Metropolitan Region (MMR), this spot is perfectly located close to Thane, offering easy access to major cities like Mumbai.

Upgraded Infrastructure

• We see numerous major infrastructure projects. These upgrades improve connectivity and develop a reliable network of roads and highways, with close access to airports and ports.

Real Estate Boom

• The area is seeing a surge in residential real estate growth due to increasing job opportunities and infrastructure upgrades. It's now the fastest-growing residential market in the MMR.

Residential Properties

• The area offers diverse housing — from 1 BHK, 2 BHK, to luxury apartments. Leading developers are unveiling projects with sky villas, stylish lobbies, and landscaped parks.
• Most available options currently are budget-friendly 1 & 2-bed apartments, but there's a rising need for upscale apartments due to growing job opportunities and spending.

Price Changes

• Homes along the Kalyan Bhiwandi Road cost less compared to other Thane areas. For instance, a 2 BHK apartment priced above Rs 95 Lakhs along Ghodbunder Road is found here for Rs 60-70 Lakhs.
• You can find the average price per square foot in Bhiwandi from Rs 1,800 to Rs 93,043, averaging to Rs 7,669 per sqft with a year-on-year increase of 36.34%.

Social Amenities

• We have a strong network of social amenities, including top schools like Birla School, Holy Cross Convent, and Podar International School. Hospitals like Fortis Hospital, Jann Kalyan, and Vedant are accessible, along with departmental stores and entertainment hubs.

Business and Industry

• Bhiwandi is a renowned industrial and warehousing center, while Kalyan blends low-income housing with new residential areas. The area is becoming a major commercial hub with increasing demand for both residential spaces and commercial properties including warehouses and logistic centers.

Rental Market

• Renters have affordable and premium 2 BHK apartments in the price range of Rs 8,500 to ₹55,000 each month. Such properties exist in communities like Ashar Axis, Lodha Crown Quality Homes, and Rustomjee Urbania Azziano, close to schools, healthcare, and recreational spots.

PropertyWala's Verdict

The Kalyan Bhiwandi Road area in Thane is an appealing prospect for buyers and renters. Its strategic spot, development in infrastructure, and varied mix of residential and commercial properties indicate significant growth. The price benefits and top-rank social amenities make it perfect for both investments and living. With its ongoing development, it will become one of the leading residential zones in urban Mumbai, promising good returns and a great quality of life.