2014

TECHNICAL FEASIBILITY
REPORT: TITWALA

Indiabulls Housing Finance Limited

Karan Avad
Management Trainee
28/04/2014

TECHNICAL FEASIBILITY REPORT:

TITWALA
Hospitals Shree Mahaganpati Hospital,
Dhawan Hospital.

Introduction to Titwala
Ongoing Projects
Titwala is town situated in the district of Thane
along the river Kalu within the limits of
Kalyan-Dombivli Municipal Corporation.
One of the celebrated destinations as a religious
place for the temple of Mahaganpati Temple,
Titwala has experienced is emerging as a new
destination for residential developers as the
market in other suburban areas grows.
It is located at a distance of approx. 75 kms
from Chhatrapati Shivaji Terminus, Mumbai
and has a local railway terminus within the
town. The nearest City link is Kalyan at a
distance of 18 kms and is connected by buses
(26 buses between Kalyan and Titwala over 2
routes) as well as local railways (with 51 local
rails reaching towards Titwala from CST
everyday).

Demography
The Kalyan-Dombivli Municipal Corporation is
home to a population in excess of 15,00,000
people as of 2011 census. KDMC has a
projected population of over 20 Lakhs by the
end of year 2020. The Titwala-Manda zone plan
of KDMC development plan has been prepared
for accommodating the residential development
for the city, whereas the adjoining areas of
Ambivli-Atali for industrial-cum-residential.

Local Infrastructure
Water Supply:
The Titwala WTP plant is located on Kalu
river dam with a capacity of 7.5 MLD. Per
Capita water at consumer end of 140-150
LPCD as per the KDMC.[1]
However, there is no continuous water supply
with only 3-4 hours of supply everyday.[2]
Facilities:
Banks SBI, IDBI, Bank of Maharashtra,
Bank of Baroda
Schools King George High School, Vidya
Mandir, KNT Public School etc.

With scope for expansion limited in the city

centres of Kalyan and Dombivli, developers
have shifted attention towards the others towns
and villages within the KDMC. Titwala is one
of the hotspot for development on the KalyanKasara rail line. At present, many renowned
builders are developing properties in different
areas of Titwala. Two major township projects
by Regency group and Therwani Infrastructures
are currently in progress in Titwala. A list of
the major ongoing projects and their details is
presented in the table below.

Name of Developer
Charms Builders
Mayfair Housing
Neelsidhi Group
Om sai Constructions
Regency Group
Sadguru Group B&D
Saket Group
Siddheshwar Group
Soman And Associates
Tetris Realty Group
Therwani
Infrastructures

Name of Project
Charms City
Mayfair Vishwaraja
Neelsidhi Morya
Om Sai Sankul
Regency Sarvam
Sadgurus Landmark
Saket Utpal
Siddheshwar
Complex
Soman Prathamesh
Tetris Home Town
Vedant Millenia

Charms CityProject can be is right

adjacent to the railway station in the
west of Titwala.
Regency Sarvam project is located at a
walking distance on the east side of
Titwala on a 75+ acre land with all
major amenities included in the project.
Consists of 34 towers with more than
2500 flats currently priced at 3600 psf.
Another large project is that of
Therwani Groups Vedant Millenia
located near the mandir, this project is

INDIABULLS HOUSING FINANCE TECHNICAL FEASIBILITY REPORT

planned to be built in 3 phases over a

plot of 25 acres. Consists of more than
2000 flats currently priced at 2900 psf.

INDIABULLS HOUSING FINANCE TECHNICAL FEASIBILITY REPORT

Titwala Price Trend (in comparison to other nearby localities):

Source: makaan.com; weighted average rates of different localities

Titwala has recently emerged as a preferable destination for builders as well as dwellers compared to
other locations due to less population density and higher space availability as compared to other
nearby town locations. It can be seen from the graph below that Titwala has a scope of appreciation
by about 30% within next four years according to local builders and developers.

Source: Local Real Estate Builders and Developers

Conclusion:
As we came out of the station of Titwala, a hoard of Rickshaws were available to take us till the
extreme end i.e. the Mandir thus ensuring complete reach within the town limits on the east side. A
number of ongoing and upcoming projects could be seen enroute to the mandir from station. There are
many small to medium projects in between priced fairly as per the amenities and market trend.
The overall conclusion of the report is that Titwala is definitely a good prospect for buyers to
invest over the coming few years.

INDIABULLS HOUSING FINANCE TECHNICAL FEASIBILITY REPORT