Top Kandivali Property Investment Catalysts
Thewesternrailwayline'sKandivalistationisasuburbofMumbai.Investors interestedinKandivaliandwantingtolearnmoreaboutitsrealestatepossibilities shouldreadthis.AresidentialneighbourhoodinMumbai'smiddleclasscalled KandivaliisideallysituatedalongtheWesternLineofthecity'ssuburbantrain system.Thisneighbourhood,whichhasalotofgreeneryandopenspace,iswell connectedtootherareasofMumbaibygoodroadandtraininfrastructure.The townshipwassemi-ruralwithagriculturalland&villagesintheearly1980s,butas aresultoftheregion'sexpandingpopulationandemploymentprospects,ithas evolvedthroughtheyearsintoacosmopolitancentre.Let'sexaminethearea's growthovertimetoseewhethermakinganinvestmentinKandivaliiswise.
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Geography and history of the area
KandivalihasrecentlyemergedasoneofMumbai'sWesternSuburbs'top developingneighbourhoods.KandivaliEast&KandivaliWestarethetwozonesinto whichtheareaisdivided.HomepricesinKandivaliEastareapproximatelyRs 19,300persquarefoot,whereasthoseinthelatterareapproximatelyRs18,000per squarefoot.MicromarketsincludingThakurComplex,SamataNagar,Asha Nagar,ThakurVillage,HanumanNagar,andLokhandwalaComplexareneartothe cosmopolitanneighbourhood.
TheCarsandTractorsDivisionofMahindra&MahindraLtdusedtobetheonly landmarkinKandivali.However,therearenownumerousindustrialfacilitiesand upscaleapartmentbuildingsthankstoconsiderabledevelopmentsovertheyears. Belowareafewwell-knowndeveloperswithhousingsocieties,includingRaheja Developers,HouseofHiranandani,andRuparelRealty.
Propertypriceswillincreaseoncetheseinitiativesareoperating.MumbaiMetro Line2A,whichrunsbetweenDahisarandDNNagar,&MetroLine7,whichruns betweenDahisarEastandAndheriEast,aretwometrolinesthatnowpassthrough Kandivali.
ResidentsofKandivalinowenjoyeasyaccesstothesuburbannorthofthecityand SouthMumbaithankstotheWesternHighway,SVRoad,LinkRoad,andWestern TrainLine.TheGoregaon-MulundLinkRoad,theCoastalRoad,andmetrolinesarea fewsignificantongoingandprospectiveinfrastructureprojectsthatwill significantlyenhanceeast-westandnorth-southconnectivity.
Trend in residential prices
RecentyearshaveseenanincreaseinlandvaluesinKandivali'seasternarea.The averagepriceofahomeintheneighbourhoodhasincreasedbyover10%overthe pastfiveyearsandby6%overthepastyear.Therearemanymid-segmenthousing societiesinthisarea,with2BHKflatsbeingthemostcommon.Therearealso smallerpossibilitiesfor1BHKs;nonetheless,thewesternregionhasalarger inventory,accountingforabout40%oftheoverallsupply.
Rentalpricesintheneighbourhoodvarydependingonwherethepropertyisand howcloseitistolocalamenities.ThecostofrentingasingleroomisbetweenRs 18,000andRs20,000permonth,whilethecostofrentinga2or3BHKisbetween Rs30,000&Rs40,000.Theneighborhood'sindustrialestatesproducethemajority ofthedemandforhomes.
Mumbai's Kandivali Social conveniences
ManypeoplehaveexpressedinterestinpurchasingrealestateinKandivali.The WesternExpressHighwayconnectivity&goodinfrastructurefacilities,including shoppingcentres,schools,colleges,andretailoptionsrelativetoothersuburbsin Mumbai,arethereasons.
Educational institutions Hospitals
SardarVallabhbhaiPatel School SanchaitiHospital
ShriRaghuveerEnglish HighSchool
OscarMultiSpecialty Hospital
OurLadyofRemedyHigh School NamahaHospital
Connectivity links
KandivaliRailwayStation
Malad-AndheriLink Road
Kandivali(West)Metro Station
St.LawrenceHighSchool WesternHospital WesternHighway
Arenownedgowshalawith200cowsonfiveacresmaybefoundinKandivali. However,subsequentdevelopmentshaveforcedtheauthoritiestoclearthetrees, leavingjusttheGowshalaasasourceofgreenery.Thisareaalsohasalotofmalls withmultiplexesandkid-friendlyhangouts.Youwon'thavetotravelfartofulfil yourdemandsforentertainmentandshopping.AllofitislocatedinKandivali.
Kandivali's potential as an investment
Theregionalsogeneratesanannualrentalreturnofabout5-7percentinadditionto YoYpropertypriceriseof6-7percent.Inaddition,purchaserstakeadvantageofthe location'saccessibilityandplentyofamenitiesasadditionalaspect.Localsgavethe areaaratingof4.4outof5.Whiletheownersandtenantsintheareaboastof "excellentpublictransit,""well-maintainedroads,""marketsatawalkabledistance," and"fewpowercuts,"connectivityandlifestylefactorscontinuetobetheregion's keybeneficiaries.Waterloggingduringthemonsoonandparkingissuesmustbe addressedhere.However,giventhatnumerousroadimprovementprojectsarein progress,theanticipatedinfrastructureimprovementsarelikelytoaddressthe problemsinthiswell-likedneighbourhood.
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