Why Invest In Kandivali, Mumbai?

By Investoxpert | 23 Nov 2023 | Real Estate

Kandivali For Investment is a mid-segment dwelling real estate sector that is conveniently located along the Western Line of Mumbai Suburban Railways. This lush, open-space neighborhood is well connected to other parts of Mumbai via the city's well-developed road and rail systems.

It has become more and more well-liked as a rental property because of its accessibility to business and industrial centers. Those who are interested in Kandivali may get increased returns.

Why Invest In Kandivali?

Kandivali is a part of the Mumbai Andheri-Dahisar region, and it is divided into east and west zones. Kandivali is a residential sanctuary because of the many homes built by renowned developers, the improvements to the infrastructure, and the excellent connection. However, what drives Kandivali's investment potential? How has the local price growth been?

Kandivali is a well-planned residential neighborhood situated in the middle of the Mumbai Suburban Rail Network's Western Line. This neighbourhood, which boasts lots of greenery and open spaces, is well connected to other areas of Mumbai by a first-rate road and train network.

It has grown to be a popular rental location because of its ease of living and closeness to major business and industrial areas. Investors that are willing to put money into Kandivali may be able to leverage larger profits, but before you invest, make sure you have all the information you need.

The Following Factors Help The Kandivali Real Estate Market:

Appreciation In The Property Rates

The eastern part of property in Kandivali has seen a rise in values in recent years. In Kandivali East, the average cost of a housing unit went up by more than 6% in the previous year and by almost 15% during the preceding three years. Conversely, Kandivali West real estate prices have increased by almost 15% in the last five years.

The location of the property and how close it is to nearby amenities affect rental costs in the area. Monthly rental rates for a studio apartment begin at approximately Rs 10,000, while those for a 2 BHK or 3 BHK usually exceed Rs 25,000.

The majority of the demand for housing in the neighborhood is met by the industrial estates. These are the following: Gundecha Industrial Estate, Jai Bonanza Industrial Estate, Charkop Industrial Estate, Balaji Industrial Estate, and Akurli Industrial Estate.

Social infrastructure

Buying property in Kandivali, Mumbai has generated interest. Among the factors are the Western Express Highway's accessibility as well as superior infrastructure features, such as malls, schools, and retail establishments in comparison to other Mumbai neighborhoods.

There are several malls in this neighborhood with multiplexes and kid-friendly areas. Locals wouldn't have to go far for their entertainment and shopping needs as a result.

Nearby employment hubs

Whether it would be convenient for you to travel to work is one of the most crucial things to think about before looking for a neighborhood in which to purchase a property.

Kandivali residents find it very easy to take advantage of these exciting career opportunities because of the area's close proximity to several technological and employment hubs, including Andheri's well-established and expanding commercial hub, as well as the modernity and state-of-the-art facilities of Bandra Kurla Complex (BKC) and NESCO in Goregaon East. Consequently, a large number of young professionals are considering Kandivali as a place to live and invest their hard-earned money.

Credible Builders And Developers

Due to significant changes and increased accessibility from other parts of Mumbai, investors and homebuyers might wish to place their money with reputable developers like Godrej Properties and other respectable companies. Kandivali neighbourhoods are also becoming more accessible. But thorough investigation is necessary before reaching the ultimate decision.

Residential Market

Over the last few years, Property in Mumbai, Kandivali has emerged as one of the western suburbs of Mumbai's most rapidly expanding areas. The region is split into the Kandivali East and Kandivali West zones. Although the prices of homes in Kandivali East are approximately Rs 20,000 per square foot, those in the latter area are approximately Rs 18,200 per square foot. Micromarkets such as Samata Nagar, Thakur Village, Asha Nagar, Hanuman Nagar, Lokhandwala Complex, and Thakur Complex are near the cosmopolitan neighborhood.

The Auto and Tractors Division of Mahindra & Mahindra Limited used to be the only notable landmark in Kandivali. But because to notable advancements, Kandivali is now a developer hotspot for well-known names. The introduction of residential projects such as Godrej Nest in Kandivali East by top-tier developers like Godrej Properties is evidence of the region's importance and strong demand for homes.

Current Property Prices In Kandivali

Recent times have seen an increase in land values in Kandivali's eastern zone. In the past three years, Kandivali East's average home prices have increased by almost 15 percent, and in the past year, they have increased by more than 6 percent. Conversely, over the last five years, Kandivali West's property values have increased by more than 15 percent.

The location and closeness of the property to nearby amenities determine the rental prices in the area. A single room can be rented for about Rs 10,000 a month, while a 2 BHK or 3 BHK will often cost more than Rs 25,000. The neighborhood's industrial estates provide the majority of the demand for Flats in Kandivali.

Comforts And Conveniences

There has been demand in purchasing real estate in Kandivali. The reason is that, in comparison to other Mumbai localities, it has better infrastructure, including shopping centers, educational institutions, and retail alternatives, as well as connectivity to the Western Express Highway. This area is home to several malls with multiplexes and kid-friendly hangouts. Thus, inhabitants' desires for entertainment and shopping wouldn't require traveling far.

Growing Investment potential

It is anticipated that a few significant ongoing and future infrastructure projects, such as the Coastal Roads linking Marine Lines, Nariman Point and Kandivali, and the Malad West and Valnai metro stations, would enhance east-west and north-south connectivity. Mumbai Metro Line 2A, which connects Dahisar to DN Nagar, and Metro Line 7, which connects Dahisar East to Andheri East, are the two metro lines that presently run through Kandivali. Once these under-construction infrastructure developments get operational, home values are likely to rise further in Kandivali.

Planned Infrastructure

Here, issues like "waterlogging during monsoon" and "parking issues" require addressed. However, as numerous road renovation projects are already in progress, the anticipated infrastructure improvements should help this well-liked neighborhood's problems.

Given that both of Kandivali's zones are undergoing extensive renovations and are becoming more easily accessible from other areas of Mumbai, prospective homeowners and investors might wish to put their money into projects by renowned developers like Godrej Properties. However, before making the ultimate decision, careful consideration is essential.

Conclusion

Because Kandivali is a well-connected location surrounded by a wealth of attractions, purchasers heavily consider convenience while making their decision. The key drivers of the area's prosperity and high rise in interest of buyers to Invest In Kandivali are still its lifestyle and connectedness, as the area's owners and tenants brag of "minimum power outages," "well-maintained roads," "good public transportation," and "markets within walking distance."

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Why Invest In Kandivali, Mumbai?

Why Invest In Kandivali?

The Following Factors Help The Kandivali Real Estate Market:

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