The fast-developing Thane Bhiwandi Belt is not only nestled amidst acres of untamed natural beauty, but is also the destination of everyday conveniences, unparalleled comfort and undiscovered opportunities. Government’s allocation to developing the area has led to rapid urbanisation leading to a surge in residential enclaves. Also, being the epicentre of commerce and industry, Bhiwandi is today also logistic hub for Fortune 500 Companies like Flipkart, Amazon, DHL, among others. The following factors will also assure an upscale trend in real estate prices -
Now since the real estate market around Ghodbunder Road and around Nashik highway is matured, new avenues are being explored. Ambika City at Thane Wada Road tops the list as New Growth destination.
The Bhiwandi-Kalyan corridor is expected to be the next big business hub by 2028. With the scope of being self-sufficient in terms of liveability according to a proposal to the city developers by South Korean Government’s ministry of land, infrastructure and transport. The proposal suggested the creation of five growth centres in the outer Mumbai region, in which Kalyan was the first priority region on the basis of its accessibility and growth potential. A concept plan for Kalyan growth centre, which could be completed by 2028 with an investment of Rs 56,676.2 crore was proposed.
Thane was featured among the world’s top 20 investment destinations by leading property consultants alongside the Bhiwandi-Kalyan corridor. The Govt-approved 24 kilometre long Metro-5 project at the cost of Rs 8,416-crore will connect Thane-Bhiwandi-Kalyan in the next few years.
A Rs. 2600-crore project, which links NH4, NH 3, and NH8 through the Thane-Ghodbunder road will provide continuity to the Mumbai-Ahmedabad Highway. The second phase of this project would entail a Kalyan bypass with a bridge on Ulhas river and rail over bridge on Central Railway line alongside the approach roads and flyover bridge of Bhiwandi bypass junction. The second phase of this project will oversee a Kalyan bypass with a bridge on Ulhas river and rail over bridge on Central Railway line alongside the approach roads and flyover bridge of Bhiwandi bypass junction
Ambika City is nestled just 2 km away for the metro phase 5 station. Right from Kapurbawdi to Kalyan APMC, the metro line is expected to make connectivity seamless across fast growing suburbs usually reliant on railways and roadways. Considering the liveability quotient in Kalyan and Bhiwandi has seen a growth manifold, a surge in residential population has been observed.
According to a report by magicbricks, areas such as Bhiwandi Kapurbawadi and Patlipada have witnessed an upscale market potential of 5-6%, the highest in areas next to Thane. And Ambika City is the only largest integrated development in the vicinity.
This 79-km long corridor will connect Virar (Navghar) to Chirner (JNPT), playing a significant role in reducing travel congestion, by carrying all the traffic from Virar towards Navi Mumbai. This corridor will also be a catalyst in creating job opportunities at growth centers such as Virar, Bhiwandi, Kalyan, Dombivali, Panvel, Taloja and Uran.
This upcoming Navi Mumbai International Airport is just 35 km or an hour’s drive away from Ambika City.
The travel time between Borivali and Thane will reduce from the present 2 hours to just 10 minutes through the Western Express Highway.