The regions of Navi Mumbai and Kalyan have their own importance within the Mumbai Metropolitan Region. While Navi Mumbai was developed to decongest the suburban areas of Mumbai, the Kalyan-Dombivli region is being peddled as the next real estate investment destination in MMR due to its affordability. Here is the comparison between the two regions based on different parameters.
The development of Navi Mumbai started back in 1972 with the idea to decongest Mumbai. The town enjoys good infrastructure, business, commercial and industrial zones along with residential nodes. Many people have invested in their homes here but stay on rent in the main city. On the other hand, Kalyan is well developed in terms of residential areas and has a good social infrastructure. The region is close to the industrial belt of Badlapur. It offers several employment opportunities and affordable homes in the vicinity to many.
Some of the important roads include the Sion-Panvel Expressway, Kalyan-Shilphata Road, Uran Road, Palm Beach Road and Thane-Belapur Road. Navi Mumbai is connected to suburban Mumbai via two bridges: Vashi and Airoli Bridge; while Kalyan connects to parts of MMR such as NH-4, Kalyan-Shilphata Road, and Agra Road. The arrival of app-based cab services has made the commuting easier for inter-region traveling.
Several planned infrastructure projects are coming up in Navi Mumbai which includes the Mumbai Trans-Harbour Link (MTHL), an elevated corridor between the Eastern Express Highway (EEH) at Ghatkopar and Navi Mumbai, various flyovers and arterial roads being constructed within the region. The Navi Mumbai International Airport is in the pipeline as well.
Kalyan, on the other hand, has numerous infrastructural projects underway in and around the region, thus making it the most promising real estate destination in MMR. The upcoming Metro rail to Kalyan has increased the demand for housing in Kalyan and Dombivali. The MMRDA intends to lay down road networks which will include a 29 km Kalyan ring road in the region. Better connectivity will emerge between Thane and Kalyan due to ongoing projects on key flyovers as well as the additional bridge on Durgadi Chowk, thereby reducing the travel time to just 30 minutes.
The property prices in Navi Mumbai have gone beyond affordable. Thus, it is putting the buyers and investors on the back foot. Even looking at the long-term picture, the investments in real estate seems less lucrative. Kalyan is thriving with new residential projects and have affordable property rates. This attracts many buyers and investors. What’s more, with so much planned infrastructure taking place in Kalyan, the rate of investment is bound to be beneficial.