Aug 08, 2023Mumbai Real Estate

Real estate market trends in Kandivali

by Godrej Properties Limited

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The Mumbai neighbourhood of Andheri-Dahisar contains Kandivali, which has been categorised into the east and west zones. Thanks to the plethora of housing stock offered by respected developers, infrastructure upgrades, and superior connectivity, Kandivali has transformed into a hotspot for real estate.

In terms of development, Kandivali has recently become one of the best-performing neighbourhoods in Mumbai's western suburbs. The area is divided into two zones: Kandivali East and West. Homes in Kandivali East are valued at around Rs 20,000 per square foot, whereas those in Kandivali West are priced at about Rs 18,200. Micro Markets like Samata Nagar, Lokhandwala Complex, Thakur Complex, Thakur Village, Hanuman Nagar, and Asha Nagar are close to the cosmopolitan area.

Kandivali East

Kandivali East is a mid-segment neighbourhood with a respectable mix of industrial and commercial uses. Other significant neighbourhoods, including Thakur Village, Satya Nagar, Sai Nagar, and Ekta Nagar, are close by.

Kandivali Railway Station on the Western Line provides easy links to the rest of Mumbai.

It is roughly 14 km to the Mumbai International Airport. Further development improving connectivity is the planned Charkop Station on the Line 2 metro, which is located about two kilometres from the neighbourhood.

Property Trends and Rates in Kandivali East

Kandivali East properties start at ₹ 6,968 per square foot.

Real estate in Kandivali East costs an average of ₹ 17,272 per sq.ft.

Kandivali East's most expensive listing costs ₹ 38,125 per sq.ft.

In the eastern part of Kandivali, there are numerous mid-segment housing societies, with 2 BHK flats being the most common. The housing options in Kandivali East that are smaller such as 1 BHK apartments make up about 30% of the total housing stock.

The latest price shift in Kandivali East is an accurate gauge of the direction of Mumbai's real estate market for end users or investors. Understanding these patterns in the price of residences in Kandivali East is essential for prospective homeowners and investors in determining when the best time for purchasing or selling is.

Price trends indicate that it is currently advantageous to buy and sell property in Kandivali East.

Kandivali West

If you're thinking about investing in Mumbai, Kandivali West is a good place to start. Kandivali West has recently emerged to become a top micro-market for residential real estate investment. Kandivali West property is highly desirable and keeps increasing in value because it provides good connectivity, a wide range of civic facilities, and career opportunities.

The planned coastal road will make it easier for residents to commute and reach commercial areas such as Nariman Point and Lower Parel in South Mumbai.

Its importance has grown over the years, in large part due to its proximity to premier residential and business areas. It is located amidst upscale areas such as Malad and Borivali. Kandivali West is conveniently located near both domestic and international airports, and is connected to SV Road, Link Road, the Western Express Highway, and other areas in Mumbai.

Property Trends and Rates in Kandivali West

The real estate in Kandivali West starts at ₹ 2,165 per square foot.

Kandivali west property costs an average of ₹ 17,734 per sqft.

Kandivali West's most expensive property costs ₹ 40,000 per square foot.

In Kandivali West, one-bedroom residences make up about 40% of all housing options, while two-bedroom homes make up about 45% of all housing options.

Considering these factors, it is easy to see that the prices of real estate in Kandivali will only appreciate in the near future. It is necessary to invest in a reputed builder or developer with years of experience. (insert information about Godrej project here).

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