Located along the western suburban railway line of Mumbai, Kandivali has emerged as one among the best micro-markets for residential real estate investment. Offering excellent connectivity, civic amenities, and employment opportunities in the vicinity; the real estate market in Kandivali has witnessed steady appreciation. Besides, its proximity to other developed localities such as Malad, Goregaon, Andheri, and Borivali has also helped spur realty demand in the region.
“The area has witnessed rapid development over the last two decades both in terms of residential growth and population. This is evident both on the Eastern and the Western side of this suburb, with several large residential pockets coming up in recent years. The Kandivali suburb has drastically evolved with the help of infrastructure reforms and demand driven by the homebuyers. The upcoming Metro lines and the easy access to the Western Express Highway are likely to be a game-changer for this location,” explains Bhasker Jain, Head Sales, Marketing & CRM, The Wadhwa Group.
Kandivali is well-connected to the rest of the city via the Western Express Highway, S V Road and the Link Road. The Metro lines on both east and west will further enhance the connectivity of the area. The airport is a 30-minute drive, while the Borivali railway station is in the vicinity. The location also offers excellent bus services to all parts of the city.
Besides robust physical infrastructure, Kandivali also offers an array of social amenities to its residents. The locality is replete with several schools such as Ryan International School, Gundecha Education Academy, and Bal Bharti High School. Kokilaben Dhirubhai Ambani Hospital and Apex Hospital are two popular hospitals in the area. Raghuleela Mall, Inorbit Mall, Hypercity, Infiniti Mall and Oberoi Mall are some of the popular destinations that cater to the shopping and recreational needs of Kandivali residents.
Commenting on the demand, Jayesh Rathod, Director, The Guardians Real Estate Advisory says, “Kandivali offers the best of social infrastructure, good connectivity, and the finest of infrastructure. While several parts of the city are seeing stagnating prices, Kandivali has seen a 6.45% price increment from 2018 to 2019. The price range for apartments across Kandivali is in the range of Rs 18,500 – 25,500 per sq. ft. It is witnessing a good response to the developments launched over the past few years, which is why Kandivali East is amongst the top 15 micro-markets in the city that have sold the highest of all the newly launched apartments.”
Compared with the other areas in suburban Mumbai, homes in Kandivali is consistently in demand and offer good returns.
It’s good the only problem is the traffic in the area and the slums nearby.