By Mr. Amit Ruparel, Managing Director, Ruparel realty.
New Delhi, March 21, 2018: Lately, Mumbai’s real estate sector has been witnessing a massive rise in the popularity of its northern zones. Homeowners have been favouring locations in the western suburbs, especially Kandivali, in particular, owing to its excellent connectivity and infrastructure. The tremendous response to the launch of our projects in Kandivali further reaffirmed the fact that we made the right decision, and evidenced the growing interest of homeowners in the area.
An extremely multicultural locality, Kandivali West is primarily home to salaried professionals and businessmen belonging to the Gujarati and Jain communities, but is also populated by many Maharashtrians, DawoodiBohra Muslims, and East Indian Catholics. The mark of a good locality is the availability of all the facilities that a homeowner would want, in close proximity, like schools, colleges, hospitals, entertainment areas, sports grounds, and restaurants, to name a few. In light of this, Mahavir Nagar is an excellent residential hub, which, besides being stylish, also boasts of clubs, a gymkhana, malls, fine-dining restaurants, and even places of worship. As such, many people from Walkeshwar, Nepean Sea Road, and even Marine Drive of South Mumbai, have shifted there, owing to the space constraint and high prices of properties elsewhere.Kandivali also has a number of malls, like the Infiniti Mall and theInorbitMall, the Sachin Tendulkar Gymkhana,the Poisar Gymkhana,and many other recreation centres,located close by.
Housing some of the tallest towers in Kandivali, besides several cinemas, restaurants, and parks, the locality has seen rapid development lately, and has made Kandivali an affordable location, especially for the middle class. Earlier, regular 1BHK and 2BHK apartments in the suburbs were too expensive for homeowners, but government initiatives like the PradhanMantriAwasYojna (PMAY) helped lower the interest rates, allowing more and more people to purchase properties. Despite being highly disruptive, even GST and RERA were unable to hinder sales, and Kandivali continues to be a prime location for homeowners looking to invest.
In addition to that, the connectivity with major travel and commercial landmarks like the ChhatrapatiShivaji International Airport, MIDC, and Mindspace, has proven to be a boon as well, making commute easier for residents. The demand for real estate is expected to rise further, as a result of the infrastructural development set to happen in the area, such as the Andheri-Dhaisar metro line, the Dahisar-Bandra-Mankhurd metro line, and the 29.2 km coastal road starting from South Mumbai’s Princess Street flyover in Marine Lines, andending atKandivli. Besides the Western Express Highway on the east, and S.V. Road and Link Road on the west, the Kandivalirailway station, on the Western Line also facilitates easy transport and commute. Owing to these factors, and the infrastructural plans underway, Kandivali has become an excellent market for home owners looking to buy properties.
Corporate Comm India(CCI Newswire)
