Why is there so high demand for 3-4 BHK flats in Kandivali, Mumbai?
Flats in Kandivali, Mumbai- Growing demands for larger homes in Kandivali are being driven by changing lifestyle preferences. Kandivali is being known as a thriving neighbourhood in Mumbai’s real estate market, attracting the interest of both investors and prospective homeowners. The demand for homes in this booming area has recently increased at an unprecedented rate, especially for 3BHK & 4BHK units. The data analysis indicates that in March 2023, the Mumbai western suburbs accounted for an astounding 62% of sales registrations. This unexpected increase in demand shows a fundamental shift in homebuyers’ tastes rather than just a passing trend. Investigating the reasons behind this boom reveals that Kandivali is positioned to rise to prominence as a residential hotspot in Mumbai’s rapidly developing real estate market.
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Changing tastes in lifestyle
The primary factor contributing to the rising demand for 3BHK & 4BHK flats in Kandivali is the changing tastes of people for their lifestyles. According to a recent CII Real Estate Confluence 2023 study, 42% of participants strongly preferred 3BHK apartments. With 40% choosing 2BHK apartments as their second choice. The way that landscapes are being chosen highlights how urban residents’ desires and aspirations for their lives are evolving.
In response to this paradigm shift, real estate developers have built more and more spacious apartments to meet the changing needs of their clientele. Research data shows that in seven major cities, the average size of residential units introduced in the first quarter of this year has increased by 5% year over year. Growing demand in large apartments has been spurrey by the need for greater space, privacy, and the ability to create various functional sections inside a residence.
Premium amenities
3BHK and 4BHK flats frequently promise elegance and comfort together with a plethora of first-rate features. Redefining luxury with cutting-edge features like rooftop pools, state-of-the-art fitness centres, beautifully landscaped gardens, and specialised concierge services, prestigious Grade-A developers in Kandivali have redefined grandeur. These apartments’ spacious layout and attractive qualities have made them quite popular options for those looking to upgrade their lifestyle.
Opportunities for investments
Apart from offering generous living quarters, Kandivali showcases itself as a favourable investment prospect. Property values might rise in the upcoming years due to planned infrastructural developments and a healthy economic outlook. The data is striking: the average house price in Kandivali East has increased by more than 6% in the last year and a remarkable 15% over the three years prior. In the meantime, over the previous five years, Kandivali West home values have experienced a noteworthy rise of over 15%. This contributes to Kandivali’s status as a safe and perhaps profitable investment. Which in turn increases the demand for these large flats from both investors and end users.
Space for extended families
A growing trend in contemporary society is multigenerational living. In which families opt to live under one roof together over several generations. This decision is especially common in Indian culture and is motivate by a variety of considerations. Including economic benefits and the preservation of cultural traditions. In this case, 3BHK and 4BHK flats are the ideal choice for housing large families.
With three or four bedrooms & a large living area, these apartments provide a great blank canvas on which to design living spaces for grandparents, parents, and kids. These homes’ layout and adaptability to the needs of multiple generations make them a desirable option for people. Who value having their own space but yet receiving care from their extended family.
The increasing demand for 3BHK & 4BHK apartments in Kandivali is not only a result of changing market trends; rather, it is evidence of Mumbai homeowners’ changing preferences and goals. This neighbourhood is position to stay a desirable option for anyone looking for roomy and luxurious living quarters as it develops and grows. Kandivali is more than simply a suburb; it’s the realization of the Mumbai dream, where a cosy, opulent, and welcoming way of life awaits. Kandivali is a major real estate centre in the Mumbai Metropolitan Area; it is a canvas where contemporary meets tradition and the spirit of Navratri, which celebrates the divine feminine, echoes year-round.
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