With Mumbai’s ever-evolving real estate, the western suburbs are emerging as a prime hub for homebuyers. Suburbs combine modern amenities with lifestyle opportunities, transforming into attractive residential hubs. Nestled within this burgeoning landscape, Kandivali has kept pace with the transformation and often led the way. In March 2023, the Western suburbs dominated sales registrations, capturing an astounding 62% of the market share. This surge reflects the increasing demand for residential properties and highlights Kandivali as one of the preferred destinations in the Mumbai Metropolitan Region.
According to a recent survey carried out by CII Real Estate Confluence 2023, 42% of the respondents preferred 3BHK apartments, while 40% favoured 2BHK options, reflecting the evolving needs and lifestyle aspirations of modern homebuyers. Kandivali’s status as an end-user market has made it popular among homebuyers. Kandivali offers a lifestyle that appeals to those seeking spacious long-term residences.
Its real estate market offers well-designed, spacious properties.
Let’s look at a few notable factors that make Kandivali a preferred residential destination:
Strategic location
Nestled between the bustling business hubs in the southern and northern parts of Mumbai, Kandivali is strategically located with the Sanjay Gandhi National Park to the north and offers accessibility and tranquillity. Its
proximity to the Western Express Highway, Link Road, SV Road, GMLR, JVLR, International airport, Domestic airport, Metro and the Western Railway Line ensures efficient connectivity. A proposed ropeway project will connect Mahavir Nagar in Kandivali West to Essel World, Gorai, and several other places.
The under-construction coastal road will ensure seamless connectivity between Kandivali and Marine Lines, reducing travel time to half.
Infrastructure growth
The growth of infrastructure in Kandivali has transformed this once-sleepy suburban enclave into a thriving urban centre. Leading schools, colleges, healthcare and shopping facilities have enhanced daily life and attracted businesses, investors and Grade A developers. Kandivali Railway Station is a transportation hub of commercial significance in the western suburbs.
High-rise buildings and opulent amenities
Over the recent years, Kandivali has undergone a vertical transformation, with towering skyscrapers dominating its skyline. This shift is propelled by escalating population density as high-rise constructions efficiently utilise limited urban spaces, making Kandivali a popular choice for both developers and homebuyers.
The soaring towers offer upscale amenities, including infinity pools, landscaped gardens and state-of-the-art fitness centres, redefining luxury living. Amenities, such as spa facilities, amphitheatres and exclusive lounges, befit the discerning tastes of the UHNIs and HNIs alike.
Potential for appreciation
For those looking to invest in Mumbai, Kandivali is one of the most appealing micro-markets for residential real estate investments. There has been a noticeable surge in land values within Kandivali’s eastern district. Over the past three years, the typical cost of a residence in Kandivali East has risen by approximately 15%, with the last year alone witnessing an increase of over 6%. Additionally, over the preceding five years, property prices in Kandivali West surged by more than 15% and rental demands shot up.
Kandivali’s strategic location, evolving infrastructure and growth potential have contributed to its continual ascent as one of Mumbai’s most sought-after residential areas.
(The writer is CSMO, Ashwin Sheth Group)
| Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at [email protected] |
Bhavik Bhandari is the Chief Sales and Marketing Officer at Ashwin Sheth Group, where he heads sales, marketing, strategy, corporate communications, and CRM functions. He is an IIM – Ahmedabad alumni with a Master’s in Marketing and Commerce with a specialised advance in Sales and Marketing programme from NMIMS, Mumbai.
Bhavik has over two decades of experience in Sales, Marketing, CRM, Operations, Business Development and Strategy. He was previously associated with leading real estate companies such as Puravankara, Kanakia Spaces, Radius Developers, Kalpataru Limited and Raheja Universal.
He is an avid reader, traveller and loves music & movies!
Related Posts
What boosts real estate demand in Kandivali?.
Housing launches in Bengaluru, Mumbai and Delhi NCR see significant jump in 2018: Report.
Mumbai Coastal Road: All you need to know.
Godrej Properties acquire 18-acre land in Kandivali, Mumbai.
Four-factor criteria to buy an Uber-luxury home in Mumbai.
Andheri East: Mumbai’s new preferred property hotspot.
