Bharat Ecovistas Shil Phata Thane

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Shilphata to Drive Mumbai Real Estate Market

Maintained by the positive emotions by the new government, the real estate market in India is about to recover. As per the reports, Kalyan Dombivili is going to be biggest beneficiary on the Mumbai outskirts. Thane is another suburb where Shilphata is about to develop because of Kalyan Dombivili stretch under Mumbai Metropolitan Region and Kalyan Dombivili Municipal Corporation. This location is now seeing the new residential development at rapid pace. Developers operating in this place are Nirmal Lifestyle, Lodha Group, Raunak Group, Laxmi Versatile Housing, Bharat Ecovistas and Mehta Group. The real estate boom is recently seen in this stretch, particularly because of rising prices in suburbs of Mumbai.

For extending the metro rail in Navi Mumbai, a proposal has been given and the growth has been fueled in housing market from Kalyan to Dombivili. The grand industrial belt has been developed at the south-east of this twin city from Kalyan to Badlapur. Different large-scale and small industries have been developed in this location.  More local trains shall be planned from Thane to Dombivili and it will become more prominent MMR suburb. The population is being rising in this region and the demand for properties is being increasing over the past couple of years.

The MIDC (Maharashtra Industrial Development Corporation) has introduced a large industrial complex in Dombivili. Currently, Kalyan junction is among the large railway stations on central Mumbai Suburban railway network. It is the third busiest train station on suburban rail network, second being Andheri and first is Thane. The important factors responsible for the growth of real estate in these places are sky-scraping prices of properties and demand for affordable living. Mumbai keeps on attracting different outsiders who arrive here for growth and employment opportunities.

Because of this reason, affordable housing is more on demand. The capital values have made a big gap on supply and demand. In these places, projects are offered in affordable range. Industrial belts are another important factor increasing demand for real estate and enhanced infrastructure in this area. People can enjoy great job opportunities in these industrial belts.

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