Chandivali Is A New Residential Area Near Powai In Mumbai

Chandivali, a sleepy suburb near Powai in Mumbai, has catapulted into an appealing real estate market. With excellent road connectivity and industrial avenues nearby, Chandivali is one of Mumbai’s fastest-growing real estate investment destinations.

Chandivali is a North Central Mumbai residential suburb located between Powai Lake and Saki Naka. Because of its proximity to Powai, Mumbai’s developing business and leisure hub, this unassuming suburb saw rapid growth in residential real estate a few years ago. Furthermore, Chandivali’s proximity to the Eastern Express Highway, the Western Express Highway, and the Mumbai International Airport has played an important role in the real estate and housing development.

The abundance of under-construction projects indicates that homebuyers are optimistic about Chandivali’s prospects as a residential hub. Furthermore, the emergence of the Ghatkopar-Chandivali stretch as a mini-business hub will fuel residential demand in the coming years.

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Chandivali real estate development

As a result of the active development of the real estate market, more than 20% of the residential stock in the area is still under construction. The majority of the upcoming projects are in the premium category and provide excellent amenities. Godrej, Mahindra, Shapoorji Pallonji, and Kalpataru Group are among the prominent builders with projects in the area. In line with the rest of the city, more than half of the properties in Chandivali are two-bedroom apartments.

Furthermore, the presence of mid-sized manufacturing and small-scale industries encourages working-class rental housing demand.

Describes Chandivali’s overall real estate potential as follows: “Chandivali began attracting attention when two-three large residential projects were completed in the mid-2010s.” The neighbourhood is close to Powai and, in particular, the Hiranandani Gardens. There is a good amount of green space, healthcare facilities, and low-density commercial spaces. It is also a safe and quiet residential area with fewer office buildings. These features are very appealing to investors.

Commuting time is extremely important in Mumbai. The Jogeshwari Vikhroli Link Road (JVLR) and the Andheri-Kurla Road are both only 3-4 minutes away, making this area unique. There are also metro stations nearby.

The under-construction metro line from Powai will undoubtedly be a selling point for this area. Residents of Chandivali can already travel by metro on the Versova-Andheri-Ghatkopar Corridor MRTS. Aside from that, the nearby Andheri-Kurla Road and Hiranandani Gardens already have a good supply of commercial spaces.”



Chandivali Powai: Capital and rental trends in Chandivali

Average property prices in Chandivali, Mumbai
Configuration Average Property Prices Carpet Area
1 BHK Rs 50 lakh-2.70 crore 220-500 sq ft
2 BHK Rs 2-6 crore 500-800 sq ft
3 BHK Rs 4.5-20 crore 1200-2000 sq ft



The average property price in Chandivali is around Rs 16,400 per sq ft, according to Navimumbaihouses price trends for Jan-Mar 2021. When the last two quarters, Oct-Dec 2020 and Jan-Mar 2021, are compared, the locality has experienced a one percent QoQ decline in Q1 2021, owing primarily to reduced home buyer queries during the ongoing COVID crisis. However, average property prices in Chandivali rose steadily between 2017 and 2019, only to fall after COVID arrived in the country in March 2020. One of the primary reasons for a drop in average prices, particularly in the resale market, could be an oversupply of housing units.

Chandivali Is A New Residential Area

Concerning the uncertainties exacerbated by the resurgent COVID-19 pandemic, Vaid adds, “There is a possibility of a further downturn if people’s ability to pay their home loan EMIs is affected.” People may wish to cancel their reservations. Because of the current uncertainties, real estate developers have shown a lack of commitment, not only in Chandivali but throughout the region. Given the current circumstances, predicting how the real estate market will move is difficult. Only premium buyers with ready funds will splurge on Chandivali’s premium projects, in particular. People are not yet ready to commit to large mortgages.”

“Commercial establishments in Powai and an industrial environment, exacerbated by the presence of Maharashtra Industrial Development Corporation (MIDC),” This fact is supported by the abundance of under-construction real estate projects in the region. In terms of affordability, Chandivali can be classified as a mid-income neighbourhood with a good supply of affordable housing projects. Furthermore, the region’s proximity to the Indian Institute of Technology (IIT) Mumbai has aided its overall standing. While the last two years have been difficult in terms of price appreciation, the previous five years have seen a robust 10-15% increase.”



Leading residential projects in Chandivali

Project Builder Unit Type Price Status
Shapoorji Pallonji Vicinia Shapoorji Pallonji Real Estate 2,3 BHK Rs 2-5 crore Under-construction
Godrej Urban Park Godrej Properties Limited 1,2,3 BHK Rs 1.25-5 crore New launch (Possession Mar 2026 )
Mahindra Alcove Mahindra Lifespaces Developers Ltd 1,2 BHK Rs 1.40-2 crore Under-construction
Kalpataru Woodsville Kalpataru Ltd 2,3 BHK Rs 2.40-4 crore Under Construction
Nahars Amrit Shakti Nahar Group 2,3 BHK Rs 1.7-2.7 Crore Ready to move


Chandivali Powai: Social infrastructure and connectivity

Chandivali is a well-connected area, located almost equidistant from the Eastern Express Highway and the Western Express Highway (6 km). The Saki Naka Metro station (4 km) on the Versova-Andheri-Ghatkopar elevated metro corridor serves this area (Blue Line 1). Two metro corridors, the Colaba-Bandra-SEEPZ Line (Aqua Line 3) and the Lokhandwala-Jogeshwari-Vikhroli-Kanjurmarg Line (Pink Line 6), are currently under construction and will connect the locality at MIDC and Powai Lake stations, respectively. The proximity of the Mumbai International Airport (6 km) is extremely beneficial to the region’s real estate growth. Furthermore, the Ghatkopar Railway station on the Central Line of the Mumbai Suburban Railway network connects the area to Mumbai’s local train network.


Social amenities in Chandivali

Educational institutions Healthcare facilities Retail Hubs
Hiranandani Foundation International School Dhanwantari Hospital Phoenix Marketcity
Bombay Scottish School Disha Hospital R City Mall
Nahar International School Sarvodaya Hospital R Odeon Mall

Finally, with an abundance of real estate projects and proximity to Powai, Chandivali is quickly becoming a sought-after real estate investment destination in Mumbai. While COVID has caused some short-term difficulties and a temporary price drop, experts believe it may be an opportunity rather than a setback for homebuyers.







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Disclaimer: The views of this expressed above are for informational purposes only based on the industry reports & related news stories. does not guarantee the accuracy of this article, completeness, or reliability of the information & shall not be held responsible for any action taken based on the published information.
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