What boosts real estate demand in Kandivali?

Kandivali has witnessed tremendous growth over the past few decades, owing to multi-modal connectivity, social infrastructure, and the availability of affordable and quality residential units. These have contributed to making it a niche micro-market for the real estate sector in Mumbai.

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Today, Kandivali ranks among the top suburban locations in Mumbai. Evolving remarkably over the decades, the area has witnessed significant development across real estate, educational and financial institutions, recreation, entertainment, and marketplaces, thereby improving the standard of living.

Potential homebuyers have an affinity for this area because of its easy access to prominent commercial establishments like the Bandra Kurla Complex (BKC), NESCO in Goregaon East, and Andheri’s ever-expanding commercial hub. This, coupled with a plethora of upcoming real estate projects in the area, catering to the discerning modern lifestyle with state-of-the-art finishes and amenities, has made people choose properties in Kandivali and surrounding areas.

Also, the real estate industry has witnessed many changes over the past few years because of demonetisation, enforcement of RERA, implementation of the Goods and Services Tax (GST), and COVID-19 pandemic. Despite these significant changes, we found that sales of real estate projects in Kandivali never slowed down or witnessed major price decline.

Connectivity

The opening of Kora Kendra flyover earlier this year is a significant infrastructure development for people in Kandivali. The flyover is built over RM Bhattad Road in Borivali West and has eased the connectivity between eastern and western areas. The starting of the Metro Line 2A’s (Mumbai Metro Yellow Line) services earlier this year, has reduced the commuting time for passengers between the eastern and western areas.

Kandivali is also easily accessible through the Western Express Highway (WEH) in east, where the Metro 2A line runs parallelly. The Link Road (LR) in west has a Metro line that runs up to Dahanukar Wadi. Swami Vivekanand Road (SV Road) runs parallelly in west along the railway station, easing the travel, connecting Borivali and Malad.

Kandivali is about half-an-hour drive from the international and domestic airports. Kandivali also has an approachable railway station, which is just one-stop away from the Borivali railway station, a major halt for passengers boarding long-distance trains.

Another significant development is the rapid construction of the Mumbai coastal road. The project starts in South Mumbai and terminates at Kandivali. Once completed, it will have direct access to South Mumbai. The project will reduce the load on the Western Express Highway, which gets congested during peak hours, slowing down the traffic and massively increasing commuting time.

Reasons to invest in Kandivali

Kandivali’s transformation and growth will continue in the coming years, making it an excellent investment choice and a convenient place to live. Many reputable builders have taken a keen interest and developed premium residential and commercial units in and around the suburb. As there is a plan to construct a coastal road from South Mumbai to Kandivali in the coming years, both buyers as well as developers can witness major changes in the area as far as real estate development is concerned. 

(The writer is Founder and Managing Partner, Viceroy Properties Limited)