Mumbai: Ambivali is a small locality located beyond the suburbs like Kalyan along the Central railway line approximately 60 km northeast of Mumbai. The locality is gradually evolving as a low budget housing destination with residential projects offering 1 and 2BHK units in a budget range of Rs 3500-5500 per sq ft. As the prices in Mumbai are skyrocketing, the middle class section of the society is moving towards suburbs such as Ambivali, Titwala, and Badlapur.
Several developers have started construction in the locality. K Raheja and HDIL have taken up 300-350 acres of land for residential construction, whereas Salco Developers are planning to launch 8-9 towers of 18 storeys each on their already possessed 35 acre land. The project is priced at Rs 3400 per sq ft and will be ready for possession by 2015.
Nirmal Life Style is also developing a township project on a 300 acre stretch which would involve both residential as well as commercial structures. The first phase of the project will be ready for possession within 4-5 months and is priced between Rs 4500-5500 per sq ft.
“The maximum demand exists for 1 and 2BHK units and most of the developers are also constructing smaller houses keeping pace with the huge demand for the same,” says Kapil Talwar, Prudent Properties, a city based realty firm.
Ambivali is well connected to Kalyan and Eastern Expressway but social and physical infrastructure in the locality still needs to be elevated. However, for the home buyers in Mumbai with a limited budget, Ambivali is a new and plausible catch.