Projects In Bhiwandi Thane : Bhiwandi is an affluent urban residential area in the MMR (Mumbai Metropolitan Region) of Thane Maharashtra. The city of Bhiwandi ranks high in Maharashtra’s urban development program due to its excellent connectivity and urban lifestyle options. It has excellent access to both intercity and national highways.

Bhiwandi, Thane, is an ideal choice for modern urban living projects due to its strategic location and easy access to modern infrastructure. This blog discusses the real estate market in Bhiwandi, price trends and why real estate investment in Bhiwandi is profitable.

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About Bhiwandi Thane

Bhiwandi is a city in Maharashtra, India, located in the Thane district of the Konkan division. It is 15 kilometres northeast of Thane and 20 kilometres northeast of Mumbai. Bhiwandi is located in the Mumbai Metropolitan Region.

Bhiwandi, a commercial city, is a major trade centre because it connects Mumbai to the rest of India via the Mumbai-Agra highway. The city is well-known for its textile industry, with the largest power looms and handlooms in India. Bhiwandi is known for its hills and streams because it is located on the Konkan coast. The population of Bhiwandi-Nizampur Municipal Corporation was 874,032 according to the 2021 census. Apart from textiles, the city is home to a number of large industries and logistic sectors, as it is a major player in Mumbai’s logistic landscape due to its proximity to the Nhava Seva port.

Koli and Konkani people were the first to settle in Bhiwandi. During the Moghul era, Bhiwandi was known as “Islamabad,” and in the 16th century, the city had a port on the Kamwadi river where spices and wood were traded.

Bhiwandi has become a secular town in recent years as a result of infrastructure and real estate development.

Why should you invest in residential projects in Bhiwandi Thane?

Here are some of the reasons why Bhiwandi is an excellent place to invest in residential property:

Projects In Bhiwandi Thane: Price Increases

Bhiwandi’s rapid infrastructure development has enticed several property developers and buyers to invest in the city. This boost to development has contributed to the rise in property prices. This price advantage can be used to purchase a residential project in Bhiwandi at a reasonable price and witness price appreciation and a good return on investment in no time.

Projects In Bhiwandi Thane: Established Developers

The reputation of real estate developers is critical to the appreciation of property prices. It is always wise to work with a reputable and well-known developer to ensure construction quality and policy clarity. Many prominent and well-known builders have completed or are currently working on residential projects in the Bhiwandi area. Buying a real estate property from a reputable developer can net you a good price and a good rental income.

Kalpataru, TATA Realty, Arihant, and other real estate firms have entered the Bhiwandi real estate market. Shree Siddhivinayak, The Woodlands, and Silver Park Residency are some of the city’s well-known residential developments.

Modern Way of Life

Bhiwandi has recently become a popular urban city with a variety of modern lifestyle options. Most residential projects in Bhiwandi include modern amenities such as a sports facility, play area, gymnasium, swimming pool, smart security systems, and so on. Bhiwandi is the place to be if you want to live in a modern and affordable environment.

Connectivity

Bhiwandi is well-served by road, rail, and air. The Bhiwandi Wada road’s central location allows for easy access to any part of the city via any mode of transportation. MSRTC buses serve Bhiwandi, and the Thane rail station is only 2 kilometres away. Such excellent connectivity can undoubtedly increase the value of a property.

Projects In Bhiwandi Thane : The Best Investment

Real estate investment in Bhiwandi can be profitable for the investor because it offers a diverse range of residential projects and investment opportunities. Bhiwandi real estate investment can provide you with a guaranteed high rate of return in the future. Real estate investment in Bhiwandi city is a high appreciation and secure investment choice, with property rates in the area increasing at a rate of 10-12% per year.

Projects In Bhiwandi Thane: The Best Amenities

In Bhiwandi, there are many good schools, including NES English School, Balaji High School, and Saraswati High School. Lifeline Hospital, Leela Hospital, and Kashinath Hospital are all prominent hospitals in the city’s prime locations. Bhiwandi residents can enjoy a satisfying shopping experience at malls such as Korum and Magnet.

Possibilities for Employment

Bhiwandi has attracted prominent companies such as Amazon, Myntra, Flipkart, Pepperfry, and builders such as ESR, Indospace, Embassy, Ascendas, and others to set up offices, warehouses, and other spaces due to its convenient and accessible location. Bhiwandi’s thriving textile and related industries provide residents and visitors with a variety of job opportunities. Bhiwandi’s proximity to Mumbai and Thane, as well as its membership in the MMRDA zone, have contributed to its status as a hub for top career opportunities.

Bhiwandi Real Estate Price Trend

Bhiwandi’s landscape has changed dramatically in recent years, with the western suburbs becoming overcrowded and the central suburbs offering high-quality housing at reasonable prices. As a result, Bhiwandi has become the obvious choice for both developers and buyers.

The average property price in Bhiwandi is INR 42.43 lakhs, with prices starting at INR 3 lakh. Bhiwandi properties are generally priced between INR 3.0 lakhs and INR 5.0 crore. In the last six months, property prices in both Mumbai and Bhiwandi have risen. The following are the top real estate price trends in Bhiwandi:

• There are 1200 Bhiwandi properties listed.
• Bhiwandi property prices start around INR 3 lakhs.
• In Bhiwandi, the average price of a residential property is INR 42.43 lakhs, while in Mumbai, the average price is INR 1.75 crore.
• Bhiwandi’s most expensive property is priced at INR 5.01 crore.

Property prices in Bhiwandi are trending as follows:

• Apartments cost an average of INR 5111 per square foot.
• The price per square foot ranges between INR 3730 and INR 6491.

Price comparison from April to June 2022

Projects In Bhiwandi Thane: Bhiwandi Thane’s conclusion

The MMR region, including Bhiwandi, is a real estate gold mine, according to top trade analysts. Bhiwandi will remain one of the top residential real estate choices in the Mumbai-Thane region, with location, lifestyle, convenience, and luxury being the main draw cards.

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