A decade ago, the outskirts of Mumbai were known for the rapid presence of small and medium industries, then a residential location.
Over the years, Karjat has emerged as a hub for affordable housing and has become one of the fastest-growing areas in the outskirts of the city. At the point when real estate in Karjat has become restrictive for both, end-users and financial experts, areas in the suburbs are pulling in buyers and offering better returns on investment (ROI).
With regard to connectivity and infrastructure which has seen unprecedented growth over the years, Karjat offers buyers a fair price compared to other places in Mumbai and Navi Mumbai. Located within 1 hour from many commercial centers like Thane, Panvel, Rasayani, Ambarnath, Dombivali, Kalyan, and others, the location has many properties with accommodation options for buyers belonging to middle and low-income groups.
The cosmopolitan component, and robust connectivity with urban areas like Panvel draws purchasers on account of low prices. These factors are increasingly making Karjat a fascinating hotspot for buyers. Properties in this region are expected to witness a fair appreciation rate, and demand for real estate in Karjat will continue to be high, due to the advantages they offer within a pocket-friendly budget.
Some of them are as follows:
Connectivity and Affordability:
Connectivity and affordability have always formed a huge part of the major decision-making factors for those looking to buy a home. Due to these factors, stellar growth has developed in the Karjat region. Soon, projects such as the Trans-Harbour Link Road and the Panvel-Karjat railway line will help reduce travel time from Mumbai. Developers are building a wide range of residential and commercial projects, and incorporating quality facilities and infrastructure. These properties are available at extremely attractive and affordable prices, making the region a preferred destination among homebuyers.
With significantly increased connectivity, builders and developers are now investing more in Karjat’s residential locations, with several grade townships already in the development phase. This has added to the growing demand for housing in the locality. The penetration of land packages has further empowered developers for the construction of townships in the area, which is estimated to increase the population by almost four times over the next 10 years.
Quality of education:
Education is one of the most important aspects weighed ahead of buying or renting a property. Over the years, Karjat have grown at an unparalleled rate, with an availability of multiple schools and colleges that offer educational courses related to Engineering, MBA, Medicine and others, with expert faculties. Such significant growth related to the education industry piques the interest of first-time homebuyers.
Clean water supply:
Clean water is an essential and fundamental requirement of human beings. Even though Karjat is on the outskirts of Mumbai, its clean water supply proves to be an important reason for the decision to buy a house in these areas.
Karjat is surrounded by lush greenery with sound civic amenities provided by local bodies. The greenery, particularly around Karjat, makes it a place where people can relax, with an environmentally friendly environment that enables them to lead a healthy lifestyle. Apart from this, Matheran, a famous and tourist-friendly hill station is just a few kilometres away.
As a whole, fast-growing infrastructure development and emerging real estate projects make Karjat a preferred destination for first-time homebuyers.