Kalamboli in Navi Mumbai is yet another popular destination for real estate investments. The social infrastructure, with ample schools, shopping malls, hospitals, malls, and parks, adds an exceptional living experience for the residents.
People are demandingly searching for 1/2 BHK flats in Kalamboli for sale over Blox, and that is because of the strategic placement of this locality.
If you have plans to buy a property in this locality, let’s learn a bit more about Kalamboli and its consistent development pace.
Accessible to Major Physical and Social Infrastructure
Kalamboli is quite popular among both tenants as well as home buyers. It is an autonomous commercial and residential community of Navi Mumbai, attracting people from all parts of the state and country to buy affordable living space. Kalambli is home to the headquarters of Navi Mumbai Police and one of the largest marble markets in Navi Mumbai.
The best thing about Kalamboli, which helps it gain a reputation, is its steel market, one of the largest in the nation. There is not much problem associated with drinking water around the locality, as CIDCO has its water treatment plant. Beyond these, some of the other lifestyle amenities and infrastructure developments around the locality are:
- Noble Care Hospitals
- Suyash Surgical & Maternity Home
- Satya Siddhi Market
- MES Dnyanmandir School
- Carmel Convent School
- Sudhagad School
- KLE Education Society
- Little World Mall
- Orion Mall
- Mahalaxmi Mall
- CIDCO Garden
- Kalamboli Garden
- Smruti Van Park
Affordability of Properties is Creating the Magnet-Effect
The affordability of properties in Kalamboli is the magnet attracting potential home buyers and investors to invest in this locality. The average pricing per sq. ft. of properties in the locality is around Rs. 7,300. The maximum price range per sq. ft. is recorded to be around Rs. 10,500.
Considering the developments in this locality, the price trends have increased by around 15% in the past five years. And with the upcoming developments in the area, this appreciation will continue to grow in the forthcoming years.
Astounding Connectivity of the Locality
Kalamboli in Navi Mumbai is a planned locality close to New Panvel, Kamothe, and Kharghar. The locality lies in the central junction of Panvel By-Pass, NH-17, NH-4, and Sion-Panvel Expressway. It is also close to the Mumbai-Pune Expressway. All these roads allow seamless connectivity of Kalamboli to other parts of the city.
You are only 5 km from Taloja MIDC and 10 km from the Belapur CBD. The NH 48 highway is responsible for dividing the commercial and residential areas of this locality. The Kalamboli railway station is located on the Vasai Road and Roha Line. Public buses and auto rickshaws are frequent around the locality for internal commutes.
Put Your House on Rent to Earn Big on Your Investment
Considering the pricing trends, you will get a high ROI in the long run. But, even before that, you can start earning through rental yields. As per the records, you can get 3% rental yields upon buying a property in Kalamboli. It means you can earn an average monthly rent of around Rs. 18,000.
As Kalamboli is close to major employment hubs, more and more people would like to live in an area with affordable rent. So, you might just get a good passive income source upon your investment in real estate in Kalamboli. There’s a year-on-year appreciation in the rental yields, which will ensure you keep earning more over rent over time.
So, these are a few evident considerations that make Kalamboli a worthy place to make a real estate investment. The top property developers are already working on various affordable apartment projects to cater to the rising investment demands. If you are new to this real estate investment world, looking for 1 or 2 BHK properties for sale in Kalamboli, but are confused about where to start your search, turn up Blox.
Blox offers you the flexibility of buying affordable homes in Kalamboli within just a few clicks. You just need to set your location, budget, preferred property type and hit the ‘Search’ button. You get all the relevant properties from top developers on your screen. Take your time, and find the one that suits your requirements.