With a view to develop an alternative to Bandra Kurla complex in the eastern part of Mumbai Metropolitan region, the Mumbai Metropolitan Regional Development Authority (MMRDA) had planned another ‘Bandra-Kurla Complex-like Business Growth Centre (BGC)’ for Dombivli.

The proposal is lying with the state government. Once the proposal is accepted, the project will take off. The idea is to bring a ‘Business Growth Centre’ as named by MMRDA to Dombivli to invite industries here and provide opportunities to professionals so they don’t have to travel to Mumbai for work.

Rapid industrial growth in Thane district has necessitated such a move from the MMRDA. “The proposed business growth centre will bring industry to Dombivli. “Ultimately, the aim is to reduce travelling time of the working professionals within the Mumbai metropolitan region and help individuals to increase their productivity. Long ago, the MMRDA had identified a patch of land measuring 4.24 lakh sq mts for development of the business centre. The agency has sent its proposal for approval to the state government,” said an MMRDA official.

The business growth centre will be modelled on the Bandra-Kurla Complex (BKC) which was developed by the MMRDA on a 180 hectare plot. BKC houses the Bharat Diamond Bourse, financial institutions like Infrastructure Leasing and Financial Services (IL&FS), Mumbai Cricket Association headquarters, banks and other commercial offices of leading corporate houses. “BKC has all the amenities for business development. It was essentially developed to ease the pressure off south Mumbai and shift businesses close to places like Mahim and Andheri’s MIDC industrial complex. Employers benefited because productivity improved,” said another senior MMRDA official.

The BGC will aid and support the industries at Thane-Belapur belt, Information Technology (IT) parks near Navi Mumbai, special economic zone near Navi Mumbai and industrial complexes set up by the Maharashtra Industrial Development Corporation (MIDC) in the district. “During times of recession the region will benefit from the proposed business centre. MIDC has its industrial complex near Kalyan. It remains to be seen as to what facilities are offered at these centres. It will definitely reduce the travelling time for the employees, also save time and costs in transportation. It will provide stimulus to industrialisation in the region. As for housing requirements for the working professionals, Dombivli has numerous ready-to-move-in and under-construction units, in the budget range of Rs 1-1.5 crore. Most of the township projects are in the initial launch phase and offer 2 and 3BHK flats in a price range of Rs 45-80 lakh. Several small scale projects will be offering possession later this year, hence, impacting the total supply available in the area and giving investment options to investors.

The Kalyan-Dombivli belt in Maharashtra is new addition to the investment opportunities in real estate with fast development of new residential projects. Both Kalyan and Dombivli fall under Kalyan-Dombivli Municipal Corporation (KDMC). The latest developments provide affordable housing, large homes for the middle-class and also, premium and luxury segment homes. All of them range between the budgets of approximately 23-82 lakhs rupees.

You must be wondering that what is leading to this growth drive! Actually, there are various reasons behind it.

1. Civic Infrastructure – Sufficient water and electricity supply, well-maintained parks, garbage disposal system, playgrounds and other facilities.

2. Well-defined Public Transport Network – Popular transportation modes are auto-rickshaws, buses and trains. The roads are in a good condition, allowing pedestrians to move around easily.

3. Growing Employment Opportunities- Close proximity with Pune gives added advantage for the people living in Kalyan-Dombivli stretch to find employment in Pune without cutting off ties with Mumbai or Pune.

4. Affordability- Especially for budget housing with variations of lifestyle-plus premium homes Kalyan-Dombivli region has a lot of potential.

5. Accessibility- One more reason for Kalyan-Dombivli being a favored region for investment is good schools and educational institute, shopping malls and complexes, medical facilities.

Projects in Kalyan-Dombivli Region

India’s leading builders and real estate companies are investing in Kalyan-Dombivli region. To name few:

• • Ajmera Group (does not need an introduction) now has a strong presence in and around Mumbai with their quality, comfort, innovative construction technology, aesthetic appeal and value for money attributes. Yogi Dham apartments in Kalyan Murbad Road are their construction.
  • Tycoons Group has multiple projects in Kalyan- Tycoons Daffodil (Premium residential complex) near commissioner, Tycoons Luxuria besides Springtime Club and Tycoon Landmark besides Birla College.

  • Neel Sidhi Developers have Balaji Garden on Ayre road, Ayre village in Dombivli.
  • Falco World presents Falco World on Shahad Titwala Road in Kalyan.

  • Sawant Builders provide Mayeshwar Park in Dombivli.

  • Global Constructions has Kaveri apartments in Achwal Wada, Agla Kalyan.
  • Shree Tisai Developers presents Shree Tisai Dham in Khadegolavali, Kalyan.