Ambernath- A popular and well-developed locality of Thane is famous for its age-old ambreshwar mandir (Shiva Mandir). The city is also famous for its ordnance factory which was set up during British rule and produces ammunition for the Indian army along with shielded vehicles on a large scale.
The locality has emerged as one of the popular real estate markets among property buyers of Mumbai, in recent times, due to the availability of large-scale affordable homes which easily fits into home buyer’s pocket.
So, let’s understand the Property market of Ambernath:
Connectivity
The locality enjoys good connectivity with all other major areas of the Mumbai like Kalyan West, Kalyan East, Ambivali, Badlapur East, Badlapur West, Navgaon, and Ulhasnagar.
Ambernath falls on the Central Line of the Mumbai Suburban Railway network. It is an important terminus for daily commuters. The nearest airport is Chhatrapati Shivaji Maharaj International Airport.
Ambernath is also well connected via road network.
Infrastructure
Just like other suburbs of Mumbai, Ambernath is also divided into Ambarnath East and Ambernath West by the railway. While Ambernath west is an industrial zone and is home to hundreds of small and large factories, Ambernath east has also emerged as an affordable residential neighbourhood.
The city is well known for its industrial zones especially the Anand Nagar MIDC which hosts more than 150 large scale industries including everything from textile, chemicals, aerospace and electrical hardware.
Ambernath has close proximity to various employment hubs of Mumbai. Due to which many professionals in recent times have shifted their base to this area. Apart from this, the place is also home to many hotels, schools, banks, and hospitals. Many good recreation centers, as well as shopping centers, are also located here.
Real estate market
Because of various infrastructural developments, many renowned real estate developers like GBK Group, Ahuja Group, Mohan Group, Lok Nagari Developers, Aashray Group, Jupiter Commanders, Everest Group, Patel Group and Tharwani, while builders like Mohan Group, Patel RPL Group, Tharwani, Rohan Construction, Amber Builders, Karrm Infrastructure, Raj Group, Srishti Group and Square Feet Group have been investing in both Ambernath east and west.
Proximity to commercial business centers of Thane has also led many prospective home buyers to invest in affordable properties here. Current property rates in the locality fall between 3198- 4860 sq. ft. So, home buyers can easily buy a one BHK or 2 BHK apartments in this area at a price range which varies from 22 lakh to 33 lakh.
However, in the last 2 years, both Ambernath east and west have shown a rise in the property rates at a fast pace. Seeing the surge in price trends it’s obvious that the demand for residential units is quite high which in future will surely provide a handsome return on investments too.