Kandivali Property Investment- The western railway line’s Kandivali station is a suburb of Mumbai. Investors interested in Kandivali and wanting to learn more about its real estate possibilities should read this. A residential neighbourhood in Mumbai’s middle class called Kandivali is ideally situated along the Western Line of the city’s suburban train system. This neighbourhood, which has a lot of greenery and open space, is well connected to other areas of Mumbai by good road and train infrastructure. The township was semi-rural with agricultural land & villages in the early 1980s, but as a result of the region’s expanding population and employment prospects, it has evolved through the years into a cosmopolitan centre. Let’s examine the area’s growth over time to see whether making an investment in Kandivali is wise.

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Geography and history of the area

Kandivali has recently emerged as one of Mumbai’s Western Suburbs’ top developing neighbourhoods. Kandivali East & Kandivali West are the two zones into which the area is divided. Home prices in Kandivali East are approximately Rs 19,300 per square foot, whereas those in the latter are approximately Rs 18,000 per square foot. Micromarkets including Thakur Complex, Samata Nagar, Asha Nagar, Thakur Village, Hanuman Nagar, and Lokhandwala Complex are near to the cosmopolitan neighbourhood.

The Cars and Tractors Division of Mahindra & Mahindra Ltd used to be the only landmark in Kandivali. However, there are now numerous industrial facilities and upscale apartment buildings thanks to considerable developments over the years. Below are a few well-known developers with housing societies, including Raheja Developers, House of Hiranandani, and Ruparel Realty.

Property prices will increase once these initiatives are operating. Mumbai Metro Line 2A, which runs between Dahisar and DN Nagar, & Metro Line 7, which runs between Dahisar East and Andheri East, are two metro lines that now pass through Kandivali.

Residents of Kandivali now enjoy easy access to the suburban north of the city and South Mumbai thanks to the Western Highway, SV Road, Link Road, and Western Train Line. The Goregaon-Mulund Link Road, the Coastal Road, and metro lines are a few significant ongoing and prospective infrastructure projects that will significantly enhance east-west and north-south connectivity.

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Trend in residential prices

Recent years have seen an increase in land values in Kandivali’s eastern area. The average price of a home in the neighbourhood has increased by over 10% over the past five years and by 6% over the past year. There are many mid-segment housing societies in this area, with 2 BHK flats being the most common. There are also smaller possibilities for 1 BHKs; nonetheless, the western region has a larger inventory, accounting for about 40% of the overall supply.

Kandivali Property Investment, Rental prices in the neighbourhood vary depending on where the property is and how close it is to local amenities. The cost of renting a single room is between Rs 18,000 and Rs 20,000 per month, while the cost of renting a 2 or 3 BHK is between Rs 30,000 & Rs 40,000. The neighborhood’s industrial estates produce the majority of the demand for homes.

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Mumbai’s Kandivali Social conveniences

Many people have expressed interest in purchasing real estate in Kandivali. The Western Express Highway connectivity & good infrastructure facilities, including shopping centres, schools, colleges, and retail options relative to other suburbs in Mumbai, are the reasons.

A renowned gowshala with 200 cows on five acres may be found in Kandivali. However, subsequent developments have forced the authorities to clear the trees, leaving just the Gowshala as a source of greenery. This area also has a lot of malls with multiplexes and kid-friendly hangouts. You won’t have to travel far to fulfil your demands for entertainment and shopping. All of it is located in Kandivali.

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Kandivali’s potential as an investment

Kandivali Property Investment, The region also generates an annual rental return of about 5-7 percent in addition to YoY property price rise of 6-7 percent. In addition, purchasers take advantage of the location’s accessibility and plenty of amenities as additional aspect. Locals gave the area a rating of 4.4 out of 5. While the owners and tenants in the area boast of “excellent public transit,” “well-maintained roads,” “markets at a walkable distance,” and “few power cuts,” connectivity and lifestyle factors continue to be the region’s key beneficiaries.

Waterlogging during the monsoon and parking issues must be addressed here. However, given that numerous road improvement projects are in progress, the anticipated infrastructure improvements are likely to address the problems in this well-liked neighbourhood.

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