Why you should invest in the real estate property market-Bhiwandi?
Bhiwandi is a city in Maharashtra, India, located in the Thane district of the Konkan division. It lies 20 kilometers (12 miles) northeast of Mumbai and 15 kilometers (9.3 miles) northeast of Thane.
The Mumbai Metropolitan Region encompasses the city. Bhiwandi is a well-known logistics and textiles hub. It is a well-connected Maharashtra region with easy access to Mumbai Central, Thane, Kalyan, Vasai, Wada, Borivali, Nasik, Aurangabad, and Pune. The area is mostly populated by minorities, yet it has evolved into a secular metropolis as a result of infrastructural and industrial growth. Many well-known real estate developers, such as TATA Realty, Kalpatru, Arihant, and some smaller local developers, are joining the market. The Woods, Shree Siddhivinayak, and Silver Park Residency are some of Bhiwandi’s most notable residential developments.
The Koli and Konkani peoples, who resided along the Konkan Seashore, were the first to settle in Bhiwandi. Bhiwandi had a spice port on the Kamwadi River in the early 16th century, which is today Bunder Mohalla. The city of Bhiwandi was known as Islamabad during the rule of the Moghul Empire. Islamabad Masjid and Eidgah are two mosques in the area.
Price Trends
The latest price movement in Bhiwandi is a useful sign for investors or end-users of how the property market in Beyond Thane is progressing. It’s critical to comprehend such patterns in Bhiwandi property prices so that buyers and investors may choose the best moment to purchase or sell. The average price of a property in Bhiwandi is Rs. 6,001 per sqft, with the starting price being Rs. 266 per sqft. The current price trend suggests that both purchasing and selling houses in Bhiwandi, Beyond Thane, is beneficial at the time.
Connectivity
Bhiwandi is well linked to a variety of cities, hotels, schools, banks, and hospitals, as well as an excellent rail and road infrastructure network. In the region, MSRTC bus services are quite busy and enable a comfortable transition to other parts of Mumbai. The nearest train station, Thane railway station, is 2 kilometers away. The distance between the hotel and the Chhatrapati Shivaji International Airport is 32 kilometers. The Mumbai-Agra expressway, which runs through Bhiwandi, connects Mumbai, Thane, and Nashik. Thane Metro Station is also proposed for the Line 5 metro link, which would give smooth connectivity in the future.
Social Amenities
Balaji High School, NES English School, Saraswati High School, and Peli School are all within walking distance, as are prominent hospitals such as Leela Hospital, Lifeline Hospital, Kashinath Patil Hospital, and Government Hospital. Apart from that, there are retail malls such as Magnet Mall and Korum Mall near the dwellings.
Employment
Bhiwandi has lately emerged as a storage center for Amazon, Flipkart, Myntra, and Pepperfry, drawing a slew of Global Logistics Parks developers and investors, including ESR, Embassy, Indospace, Ascendas, and others. The area is also noted for its textile sector, which includes the country’s largest power looms. Because of its proximity to Mumbai and Thane, as well as the fact that it is part of the MMRDA zone, it offers a diverse range of job prospects.
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.
