Bhavik Bhandari, CSMO, Ashwin Sheth Group
Kandivali, situated along Mumbai’s western suburban railway line, has quickly become one of the city’s top spots for real estate investment. It offers easy access to amenities, great connectivity, strong infrastructure development, rising property values, and an outstanding quality of life. These features make Kandivali a dream destination for both homebuyers and investors. The area has witnessed significant infrastructure development in recent years, further enhancing its appeal to homebuyers and investors alike. This development includes improved roads, better public transportation options, and the establishment of modern residential and commercial complexes. As a result, property values in Kandivali have been steadily appreciating, offering profitable investment opportunities for those looking to capitalize on the area’s growth potential.
Let us take a closer look at what lies behind Kandivali’s real estate renaissance.
Property Value Appreciation
Kandivali has become a highly looked-for real estate area, seeing consistent growth in property values in recent times. Over the past few years, housing prices in Kandivali East have gone up 15%, with a similar 15% rise in Kandivali West real estate over the past five years. Coupled with healthy rental prices, this value appreciation has shaped Kandivali into a lucrative investment opportunity.
Social Infrastructure
The widespread availability of social infrastructure further enhances the appeal of Kandivali for homebuyers. The presence of a range of amenities and essential services, including educational institutes, hospitals, restaurants and shopping centres, makes the suburb an ideal locality for young professionals and families with children. Further, these factors have fuelled Kandivali’s rise as a hub for luxury real estate investments.
Proximity to Business Districts
Kandivali is located close to several employment and technology hubs, including Andheri East, Goregaon East, and Bandra Kurla Complex. This makes it an attractive option for young professionals and seasoned business executives alike, as they seek to avail of vibrant career opportunities and minimize their commute time to work.
Connectivity
The suburbs’ strategic location near the Western Express Highway, as well as other major routes such as the Malad-Andheri Link Road and Mulund-Goregaon Link Road, ensures excellent connectivity to various parts of Mumbai. Several upcoming infrastructure projects, including a new metro line between Kandivali, Dahisar, and Andheri, and a coastal road linking Kandivali to South Mumbai, will further bolster the suburbs’ connectivity, and thus its attractiveness from a real estate investment perspective.
Reputed Builders and Premium Developments
The presence of reputed real estate players is a key factor in driving the appeal of a locality for home buyers and investors, making it a more prudent investment opportunity. Kandivali has attracted numerous leading builders and developers, which has fuelled the construction of high-quality residential and commercial units in the suburb – providing a wide range of options for prospective homeowners and businesses. Moreover, Kandivali’s burgeoning real estate development perfectly complements the growing demand for luxury homes across Mumbai, which further attracts high-net-worth individuals and investors to the locality.
Green Spaces
Kandivali’s serene environment, and the abundance of green spaces, significantly enhance the well-being and quality of life for residents increasing its attractiveness as a destination for real estate investment. Lush green parks, and proximity to natural environments such as Sanjay Gandhi National Park and Aksa Beach, offer residents much-needed respite from the urban sprawl.
Keeping in mind the aforementioned factors, it is no surprise that Kandivali has emerged as a significant real estate micro-market for the discerning homebuyer and investor. Amidst rapid residential and commercial real estate development, the suburbs’ status as a dream destination will only come into greater prominence in the years ahead.
