A Rising Residential Hotspot - Ambernath

The constant quest of mid-income homebuyers for areas that are quite low-cost and replete with adequate infrastructure amenities has made Ambernath a famous housing destination in Mumbai Metropolitan Region (MMR). GharJunction.com unfurls the key elements responsible for the boom of the region.

Located in Thane district, Ambernath is a necessary realty destination that has witnessed an outstanding real estate boom over the years. The place is divided into two zones–Ambernath West and Ambernath East.

Ambernath West is a noted business hub, encompassing quite a few country wide and multinational groups and manufacturing set ups. On the contrary, Ambernath East is a desirable residential centre among investors and end-users equally. The area is also forayed by way of many reputed builders who have helped in remodelling the area's skyline.

Below are the key elements that have worked in favour of Ambernath's growth:

Picturesque view

If you dream of proudly owning a home with a scenic view, then Ambernath is the right region for you. Offering various houses amidst a maze of mountains and hills, Ambernath affords paramount comfort from the frenetic pace of the city and is mainly preferred by buyers and end-users for its serene and calm settings.

Affordable realty projects

Properties in 1 BHK and two BHK configurations are the most desired in Ambernath, observed by means of a smaller share of three BHK units. A common built-up vicinity of 1 BHK unit ranges between 630 sq. ft. and 750 sq. ft. On the different hand, a two BHK flat varies from 850 sq. ft. to 1,100 sq. ft. The built-up location of a three BHK unit is 1,050-1,300 sq. ft. approximately. Several reputed developers, such as GBK Group, Amber Builders, Patel Group, Everest Group and Ahuja Group have established their tasks here.

According to our Insite Report for Oct-Dec 2020, common property costs at Ambernath hover around Rs 4,300 per sq. ft. The locality has witnessed recorded a two percent perception in the capital ‘asks', YoY, in the studied quarter.

Overall, the area has a lot to provide with a various range of properties. Apart from a broad spectrum of preferences in the capital market, Ambernath additionally has plenty to provide to the tenant community. From residences to impartial floors, an array of options are available. Rental rates for 1 BHK unit is Rs 4,600-5,700 per month and Rs 6,000-7,600 for a two BHK unit.

Emerging commercial hubs

New industrial initiatives are also performing as an increase catalyst for the area's development. A necessary project on the cards is GNP Galaxy. It is an industrial and manufacturing hub with two sister projects, GNP Galleria and GNP Arcadia, concurrently being developed in Dombivli, a neighbouring area. All three parks are estimated to witness completion with the aid of 2021. New commercial initiatives will generate new employment opportunities across all hierarchical levels, thereby propelling the demand Flats For Sale in this area.

Currently, Ambernath west is known as an industrial belt housing a range of chemical factories. Manufacturing facility of WIMCO, which is India's greatest manufacturer of protection matchsticks is also housed here.

Infrastructure growth

The place presents undemanding connectivity with the residential hub of Badlapur, which is a vital rail junction in MMR. Other necessary areas such as Dombivli, Bhiwandi, Ulhasnagar and Kalyan are additionally without problems reachable.

Road junctions that bypass via Ambernath encompass SH-76, NH-222, Pipeline Road, and Kalyan-Badlapur Road.

The place additionally brims with a plethora of academic institutions. A few of them encompass Sister Nivedita English School, Adarsha Navbharat Primary School and Institute of Training in Mobile Technology and many others.

Ambernath is also domestic to numerous healthcare centres such as Bhise Hospital, Aditya Nursing Home, Ambika Medical Center and Shree Dattatraya Hospital.

Many centuries-old Ambreshwar Shiva Temple, St. Gregorios Orthodox Church, Methodist Church, Raza Jama Masjid and Madina Masjid are also existing here.

Future prospects

Rohit Poddar, Managing Director, Poddar Housing and Development Ltd, shares, "Buying properties somewhere in Ambernath is a fool-proof investment. As property costs in Mumbai are escalating year on year, Ambernath provides hordes of selections in the low-priced range and also ensures proximity to Mumbai. From investor's factor of view, Ambernath has witnessed exquisite growth in the capital ‘asks' costs in the final 5 years, owing to infrastructure improvement and different benefits. The hike in the weighted capital prices in the ultimate few years is the testimony to the popularity of the area."

On the whole, Ambernath is one-stop answer for investors scouting for realty destinations to park their moolahs and earn higher returns in future. The region also doles out a host of potentialities for homebuyers and is an area well worth thinking about near Mumbai.

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