What Factors Influence Kandivali Real Estate Demand?
Kandivali Real Estate Demand : Kandivali has quickly become a sought-after suburban residential neighbourhood over the years and continues to expand.
Kandivali has grown dramatically over the last few decades as a result of multi-modal connectivity, social infrastructure, and the availability of affordable and high-quality residential units. These factors have contributed to it becoming a niche micro-market for Mumbai’s real estate sector.
Kandivali is now one of Mumbai’s most desirable suburbs. The area has seen significant development across real estate, educational and financial institutions, recreation, entertainment, and marketplaces, thus improving the standard of living.
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Because of its proximity to prominent commercial establishments such as the Bandra Kurla Complex (BKC), NESCO in Goregaon East, and Andheri’s ever-expanding commercial hub, potential homebuyers are drawn to this area. This, combined with a plethora of upcoming real estate projects in the area catering to the discerning modern lifestyle with state-of-the-art finishes and amenities, has prompted people to choose Kandivali and surrounding areas as their preferred location.
Furthermore, the real estate industry has undergone numerous changes in recent years as a result of demonetisation, RERA enforcement, the implementation of the Goods and Services Tax (GST), and the COVID-19 pandemic. Despite these significant changes, we discovered that sales of Kandivali real estate projects never slowed or experienced significant price declines.
Kandivali Real Estate Demand : Connectivity
The Kora Kendra flyover, which opened earlier this year, is a significant infrastructure development for Kandivali residents. The RM Bhattad Road flyover in Borivali West has improved connectivity between the eastern and western areas. The introduction of Metro Line 2A (Mumbai Metro Yellow Line) services earlier this year has reduced travel time for passengers between the eastern and western areas of the city.
Kandivali is also easily accessible via the Western Express Highway (WEH), which runs parallel to the Metro 2A line. The western Link Road (LR) has a Metro line that runs up to Dahanukar Wadi. Swami Vivekanand Road (SV Road) runs parallel to the railway station in the west. Making travel easier and connecting Borivali and Malad.
Kandivali is approximately a half-hour drive from both the international and domestic airports. Kandivali also has an accessible railway station, which is only one stop away from the Borivali railway station, which serves as a major stop for passengers boarding long-distance trains.
Another significant development is the speed with which the Mumbai coastal road is being built. The project begins in South Mumbai and ends in Kandivali. It will have direct access to South Mumbai once completed. The project will relieve congestion on the Western Express Highway, which becomes congested during peak hours. Slowing traffic and significantly increasing commuting time.
Kandivali Investment Benefits
Kandivali’s transformation and growth will continue in the coming years, making it an excellent investment and living option. Many reputable builders have taken an interest in the suburb and developed premium residential and commercial units. Because there is a plan to build a coastal road from South Mumbai to Kandivali in the coming years. Both buyers and developers can expect significant changes in the area in terms of real estate development.
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