Is it a good time to invest in a property in Dombivli?

Dec 13, 2022 - by Ghar Junction

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Is it a good time to invest in a property in Dombivli?

There are numerous reasons involved when it comes to purchasing a property. Reasons such as investment, essential for a bigger space, close to the office, future projections, etc. There are many facets related when it comes to purchasing a property in a particular place. Sometimes it is easy to make decisions on purchasing property when you are familiar with that locality. When we talk about Dombivli, most of you don’t know that Kalyan-Dombivli has been selected as a smart city. The Smart Cities Mission is a bold new initiative of the Government of India to push economic growth and improve the quality of life of people by allowing for local growth and using technology as a way to produce intelligent results for the public.

As per the mission guidelines, each shortlisted city is obligated to undertake a smart area-based development project and a smart pan-city project with the funding received from the Government. It is just 5 mins from Kalyan – Shil Road. Dombivli Station is just 15 mins away. The upcoming Airport is 30 mins away. Upcoming metro stations are just within walking distance.

This makes it quite evident that this city's future is promising. This also responds to most of the questions. Having a property in a smart city is a matter of pride because the city will turn out to be an all-around developed city in terms of roads, gardens, streets, hospitals, educational institutes, etc. Dombivli is a residential neighbourhood in Thane that is mainly convenient for the middle class.

Dombivli residential property in Thane that is renowned for giving homes that are in high demand by first-time homebuyers. The majority of the buildings are multi-story homes, with a few commercial and industrial ones thrown in for good measure. The closeness of industrial sectors and the area's excellent link to Mumbai, Navi Mumbai, and Thane help to support the region's residential demand. Famous locations like Kalyan, Ulhasnagar, and Ambernath are located close by.

Dombivli is connected to the rest of the city by the central line's Dombivli Railway Station. About 40 kilometres separate the hotel from the Mumbai International Airport. The Kalyan-Dombivli location provides buyers with all of the necessities of a well-developed social infrastructure, including prestigious educational establishments, hospitals, banks, healthcare centres, restaurants, and retail malls.

In recent years, the region’s population has risen, reflecting increased demand in recent year. The area is also well known for being a popular industrial centre, with a mix of small and large businesses. Dombivli has a large number of job openings. In the last two to three decades, this well-connected neighbourhood has seen important industrial and infrastructural expansion, concluding in the rise of the walk-to-work concept and increased asset demand. Because of the region’s future growth potential, many trustworthy developers have already recognized their presence.

Dombivli East is a well-known location for its fast industrial expansion, including important businesses such as dyes, paints, chemicals, and heavy metal companies. Excellent location with all facilities within the Dombivli. Dombivli East is rapidly evolving in the Mumbai Metropolitan Region (MMR).

Conclusion:

The real estate market in this area is now showing auspicious developments. Infrastructure, affordability, employability, and connectivity are all factors that have subsidized to the city's overall renovation. With numerous infrastructure projects in the works, one should do in advance a price increase of roughly 15–20% over the upcoming quarters. The tremendous economic expansion in the region will certify a good future for the city, so if you are planning to invest in affordable properties, the Dombivli region is your best investment.

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