Gurgaon Realty: Luxury Redefined Dombivli East is a fast growing area in the Mumbai Metropolitan Region (MMR) and is currently considered one of the best investment options in the entire region. This is due to its fast growing infrastructure and good amenities coupled with affordability and good growth potential. As such, the area offers good investment options both in terms of rentals as well as purchases.
Dombivli East features Dombivli East lies just beyond Thane and before Kalyan. The area borders the Ulhas River and is close to the industrial belt of Kalyan-Ambernath-Badlapur. There are both small and big companies. The Kalyan-Shilphata Road, also known as SH-76, passes through the area and connects it to CBD Belapur in Navi Mumbai. The commercial centre of Bhiwandi is about 20 km away from the area. Dombivli railway station is on the central line of Mumbai’s suburban railway and is at a distance of about 2 km from the area. There are regular buses and trains in the area connecting it to different areas in MMR. CIDCO is currently planning to extend the Belapur-Taloja metro line up to Kalyan, which is expected to pass through Dombivli. There are several other road projects planned by local authorities in Dombivli. Dobivli East has good civic and social amenities which continue to grow in the area. Though there is not a good drinking water supply at the moment, the area may expect a good supply as it grows, due to its proximity to Ulhas River. There are several educational institutions and several wi-fi enabled areas in the area. There are restaurants, a KDMC sports complex, a gymkhana and several shopping centres in the area. Real estate Dombivli East has a growing infrastructure. It is also close to Lodha Group’s 4,000 acre Palawa City project in Dombivli West. It also has several active developers including big names such as Lodha Group and Marathon Realty Pvt Ltd. As such, the area offers good investment options for people who plan to invest here from a long term perspective. It also offers a decent rental yield for people looking to invest in rental accommodation. The most commonly available property types include 1, 2 and 3BHK apartments as well as 1 and 2BHK builder floor apartments. There are a few independent houses too available in the area.
The approximate cost of a 1BHK unit is about Rs 25-45 lakh and a 2BHK unit may cost about Rs 40-80 lakh. A 3BHK unit may cost about Rs 70 lakh-1.2 crore. The most number of units available in the area are 1BHK apartments followed by 2BHK apartments. For people who plan to invest in rental properties, the best investment option is a 1BHK independent house, as it gives an average rental yield of 3.86 per cent, followed by a 2BHK apartment which offers an average yield of 3.23 per cent. Property prices have been continuously on the rise in the area slowly but steadily. The average property price was about Rs 5,800 per sq. ft. during the third quarter of 2013, which is about Rs 6,050 per sq. ft. during the same period during 2014. This marks an appreciation of 4.3 per cent. Though the price appreciation and rental yields seem to be very small, the area has huge growth potential due to the overall infrastructure projects planned in Navi Mumbai and within the proximity of the area. Also with growth in industrialisation in its nearby areas such as Badlapur and Ambernath, one may expect a more vibrant real estate activity in the area within the next 3-5 years. Hence, the area proves a good investment option for long-term investors. Source: CommonFloor.com For Latest Updates on Real Estate Updates, Property News and Cities Infrastructure Developments Visit: http://www.commonfloor.com/guide
Copyright Š 2007-14 CommonFloor.com. All rights reserved.