Aug 08, 2023Mumbai Real Estate

Why investing in Kandivali is a wise choice

by Godrej Properties Limited

650

2

A mid-segment housing real estate market, Kandivali is ideally situated along Mumbai Suburban Railways' Western Line. This neighbourhood, which has a lot of greenery and open space, has excellent access to other areas of Mumbai by good road and rail infrastructure. Due to its convenience and closeness to industrial and commercial hubs, it has gained popularity as a rental location. Investors who are interested in Kandivali could benefit from higher returns.

The factors supporting Kandivali’s real estate market:

Appreciation in the property rates

Recent years have seen an increase in property values in Kandivali's eastern area. The average cost of a housing unit in Kandivali East increased by nearly 15% over the previous three years, and by more than 6% over the previous year. On the other hand, over the past five years, real estate prices in Kandivali West are up by more than 15%.

Rental prices in the region vary depending on where the property is and how close it is to local amenities. While monthly rates for a 2 BHK or 3 BHK are typically above Rs 25,000, those for a studio apartment start at around Rs 10,000. The neighbourhood's industrial estates produce nearly all of the demand for homes. They are Akurli Industrial Estate, Balaji Industrial Estate, Charkop Industrial Estate, Jai Bonanza Industrial Estate, and Gundecha Industrial Estate.

Social infrastructure

There has been interest in purchasing real estate in Kandivali. The Western Express Highway connectivity along with excellent infrastructure facilities, including shopping centres, educational institutions, and retail options relative to other localities in Mumbai, are among the reasons. This area has a number of malls with multiplexes and kid-friendly hangouts. As a result, locals wouldn't have to travel far for their entertainment and shopping needs.

FacilitiesNames
SchoolsCambridge School
Ryan International School
Kapol Vidyanidhi International School
HospitalsLotus Multi Specialty Hospital
Aditi Hospital
Saraswati Hospital
ConnectivityKandivali Railway Station
Malad - Andheri Link Road
Western Express Highway
Tourist attractionsGandhi Tekdi
NNP Waterfall
Chhota Kashmir Park

Nearby employment hubs

One of the most important factors to consider before looking for a locality to buy a home is whether the commute to your office would be convenient. Kandivali, due to its proximity to a number of technological and employment hubs, such as Andheri’s established and growing commercial hub, the modernity and state-of-the-art-facilities of Bandra Kurla Complex (BKC) and NESCO in Goregaon East makes it extremely easy for residents of Kandivali to avail these exciting career opportunities. As a result, a lot of young professionals are looking at Kandivali as the location for their residences and also as a place to invest their hard earned savings.

Credible builders and developers

Investors and homebuyers may want to put their money with reputed names such as Godrej Properties and other credible developers because Kandivali neighbourhoods are undergoing substantial improvements and are becoming more accessible from other areas of Mumbai. But before making the final call, extensive research is essential.

Previous Post
Next Post