A popular and a well-developed locality of Thane-Ambernath is known for its age-old ambreshwar mandir from where the city got its name too. The city is also famous for its ordnance factory which was set up during British rule. This factory produces ammunition for the Indian army along with shielded vehicles on a large scale.
In recent times, the locality has emerged as one of the popular real estate markets among property buyers of Mumbai due to the availability of large-scale affordable homes which easily fits into everyone’s pocket. It is a good location to invest in for those who are employed in the business districts of Thane or Navi Mumbai.
So, let’s understand the real estate market of Ambernath:
The locality enjoys close proximity to other developed and thriving areas such as 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 to other parts of the Mumbai via a good road network.
As all 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 chemical factories, Ambernath east has also emerged as a beneficial 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, edible goods, 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 which include Adarsha Navbharat Primary School, Sister Nivedita English School, Municipality School, Gokhale Rahalkar Shala, Bhise Hospital, Akshaya Hospital, Aditya Nursing Home, and Leela Zhohara Hospital.
Many good recreation centres, as well as shopping centers like Sawant Arcade and D-Mart, are also located here.
Real estate market
Because of 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 it can be said that one 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 prices at a much faster rate. Seeing the surge in price trends it’s obvious that the demand for residential units is quite high which in future will surely prove to be a good investment too.