East or West, Kandivali is the Best
Kandolee, the yesteryear name of Kandivali is located in Mumbai’s suburban area. Situated close to popular localities like Malad, Andheri, Borivali – Kandivali is one of the most popular locality among Mumbaikars. Divided into East and West, it’s railway station falls on the western line. The look and feel of this posh area were never the same a few years ago. Kandivali was semi-rural with agricultural land but ever since the population of the location increased rapidly it has transformed to become more cosmopolitan. Today, it is one of the most coveted localities in the northern suburbs of Mumbai.
Landmarks that make Kandivali popular among homebuyers
In the past few years, Kandivali has turned on to become one of the costliest areas in the Mumbai suburban. This locality has become quite popular among home buyers because of it’s connectivity to business hubs in Goregaon and Malad. The Infinity Tower, Maharaja Retreat Tower, and Spectrum Tower are located at an approximate distance of 5-6 kilometers from the area. The Magnus Tower and Santacruz Electronic Export Processing Zone are approximately 6-7 kilometers away from the area.
East Kandivali has popular residential areas like Thakur Village, Thakur Nagar, Hanuman Nagar, and Lokhandwala Complex. Likewise, Kandivali is also famous for schools like Cambridge school and Ryan International School. It has Growells 101 and V mall as the center of attraction.
Kandivali was earlier known only for Mahindra & Mahindra limited but now with the recent towers, skyscrapers built, locality is highly in demand.
Kandivali’s excellent connectivity
Kandivali has come in demand in the recent past because of the upcoming coastal road that connects Kandivali to Colaba which is just 35kms, this will reduce nearly 45 minutes of travel time, it will save nearly up to 35% of fuel consumption. Six-lane road with a tunnel in Malabar Hill is expected to be operational by 2022.
Likewise, Kandivali West offers excellent connectivity to the rest of Mumbai. The Mulund to Goregaon and Malad to Andheri Link Roads, along with the Western Highway connect the extensive road network, while three flyovers connect it to Kandivali East, Borivali and Poisar. Not only is the rail network in Kandivali excellent and easy to navigate, but this diverse suburb is also just a 30-minute drive away from Chhatrapati Shivaji International Airport and 32 minutes from the Santacruz Airport.
Where to invest in Kandivali?
There has been a significant increase in property prices in the last 10 years, homebuyers who invested at the rate of 7500 per sq.ft in 2009 are selling today at the rate of 15,000 per sq.ft. Just doubled what they invested a decade ago. The reasons are very clear, the massive development in terms of connectivity, business hubs, Infrastructure, and lifestyle. Premium developers like Godrej properties and Mahindra lifespaces have renowned ongoing projects here which are sure to give you good returns in coming future.
Not only selling property reaped benefits for the homebuyers, but appreciation in rental value year on year also made this locality on popular demand for investors too. Today, a 2BHK rent is from INR 30,000 to 50,000 per month and 3 BHK rent goes up to INR 80,000 per month.
Mumbai Real Estate has always seen an upward graph movement, Kandivali is one of the localities which never seen a downfall in property price. If you are looking for a sure shot investment, Kandivali is the Best.
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. Propertypistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.
