Ambernath-Ulhasnagar property market: An overview
With the growing importance of Navi Mumbai and Thane, an investment in Ambernath -Ulhasnagar property market is becoming more and more popular.
The locality has recently become a preferred real estate market for
Mumbai property buyers due to the availability of large-scale
affordable homes that easily fit within a budget. Since the last few years, the suburb has improved at an impressive rate, spurred by new construction in every corner of the area. Several large housing projects are available for sale or rent, including residential and commercial properties. There are various developed areas and several hotels, schools, banks, and hospitals that are connected through a good network of roads and railways.
On the Mumbai Suburban Railway network, Ambernath-Ulhasnagar
lies on the Central Line. The station is a significant hub for daily
commuters. In terms of airports, the closest one is Chatrapati Shivaji
Maharaj International Airport. Likewise, it has good connectivity to
other parts of Mumbai via a good roadway network. Because of its
proximity to several employment hubs, the investment in the
Ambernath-Ulhasnagar property market has increased dramatically
in recent years. Therefore many businesses are also located in the
area, bridging the gap between suburban areas and urban hubs. So if
you work in Thane or Navi Mumbai, then it is an excellent place to
invest.
With the infrastructure developments in Ambernath and Ulhasnagar,
several major real estate developers have emerged. These include
GBK Group, Ahuja Group, Mohan Group, and Lok Nagari developers. Moreover, the area is undergoing a boom in the
development of social infrastructure, including educational
institutions, retail outlets, malls, religious centres, and swimming
pools.
The average cost of a 1 BHK flat in Ambernath and Ulhasnagar is
between Rs 15-40 lakh. For 3 BHK apartments, the price range lies
between Rs 56 – 90 lakhs. For 4 BHK residences, it starts at between
Rs 80 – 1.5 crores. This area is much more affordable than other parts of the Mumbai Metropolitan Region, so people are investing here.
Ambernath and Ulhasnagar have seen property prices rise at a much
faster rate in the last two years. Based on recent price trends, it’s clear that residential units are in high demand, which will indeed prove to
be a good sound investment as well.
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.
