Why invest in Kandivali, Mumbai?
Kandivali, located in the Mumbai Andheri-Dahisar region, is divided into two parts: East and west zones. It has become a sought-after residential area due to the availability of numerous housing options from reputable developers, improved infrastructure, and convenient connectivity. But what makes Kandivali an attractive investment opportunity? How have property prices in the area beengrowing? To help you make a well-informed decision, adforproperty.com provides important information on these aspects.
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Kandivali is a residential area in Mumbai that offers a good balance between affordability and quality of life. It is situated along the Western Line of the Mumbai Suburban Rail Network, making it convenient for commuters. The neighborhood is known for its open spaces and greenery, providing a pleasant living environment. With excellent road and trains connections, residents can easily travel to different parts of Mumbai.
Kandivali’s location near commercial and industrial hubs makes it an attractive choice for renters. Many people prefer to live here due to the convenience it offers in terms of proximity to workplaces. If you are considering investing in property in Kandivali, there is potential for higher returns on your investment.
However, before making any investment decisions, it’s important to gather all the necessary information about the area. Understanding the market trends, property prices, rental demand, and other relevant factors will help you make a well-informed choice.
Kandivali, Mumbai: Housing Market
In recent years, Kandivali has emerged as one of the fastest-growing neighborhoods in the western suburbs of Mumbai. It is divided into two zones: Kandivali East and Kandivali West. The property prices in Kandivali East are approximately Rs 20,000 per square foot, while in Kandivali West, they are around Rs 18,200 per square foot Kandivali is a cosmopolitan area and is surrounded by popular micro-markets such as Thakur Complex, Samata Nagar, Thakur Village, Asha Nagar, Hanuman Nagar, and Lokhandwala Complex.
Previously, Kandivali was primarily known for Mahindra & Mahindra Limited’s Auto and Tractors Division. However, due to significant developments in the area, it has now become a hub for renowned developers. The presence of housing projects like Godrej Nest in Kandivali East, developed by reputable companies like Godrej Properties, indicates the growing prominence and demand for residential properties in the region.
Kandivali, Mumbai: Residential trend
In the eastern area of Kandivali, you will find many housing societies that offer affordable options for residents. The most common type of housing in this part is 2 BHK (bedroom, hall, kitchen) units, which are spacious and suitable for families. Additionally, there are also smaller 1 BHK apartments available, making up about 30 percent of the housing options in Kandivali East.
On the other hand, in Kandivali West, around 45 percent of the available properties are 2 BHK units. These units provide a comfortable living space for residents. About 40 percent of the housing inventory in Kandivali West consists of 1 BHK flats, which are a more compact and affordable option.
Both Kandivali East and Kandivali West offer a range of choices when it comes to housing, ensuring that individuals and families can find a suitable home according to their needs and budget.
Kandivali, Mumbai: Property prices
The eastern area of Kandivali has experienced an increase in property values in recent years. The average prices of properties in Kandivali East have gone up by around 15 percent in the last three years and over 6 percent in the past year. Similarly, in Kandivali West, property values have risen by more than 15 percent over the past five years.
This means that the real estate market in both Kandivali East and Kandivali West has been growing steadily, with properties becoming more valuable over time. It indicates a positive trend for homeowners and investors, as their properties have appreciated in value, potentially leading to better returns on their investments.
Price and locality as per study of some persons, posted their property sell offers on differet websites.
|Kandivali East .
|Rs 70 lakh-Rs 1.3 crore
|Rs 1.2-2.1 crore
|Rs 2 crore and above
|Kandivali West .
|Rs 80 lakh-Rs 1.5 crore
|Rs 1.25-1.8 crore
|Rs 1.9 crore and above
*Disclaimer: The property prices mentioned above are as per sell offers, listings in 2023 on facebook and other property portals , you should also study like this.
The rental prices in the area of Kandivali vary depending on the location and proximity to amenities. For a single room, the monthly rental starts at around Rs 10,000. On the other hand, for a 2 BHK or 3 BHK apartment, the rates are generally above Rs 25,000 per month.
The demand for residential rentals in Kandivali is primarily driven by the presence of industrial estates in the vicinity. These industrial estates, such as Charkop Industrial Estate, Akurli Industrial Estate, Gundecha Industrial Estate, Jai Bonanza Industrial Estate, and Balaji Industrial Estate, attract a significant number of people who seek accommodation nearby for convenience in commuting.
So, if you are looking to rent a place in Kandivali, it’s important to consider the location and proximity to industrial areas as they can influence the rental prices and availability of housing options.
Kandivali, Mumbai: Social conveniences
Kandivali has become a popular choice among buyers due to several factors. One of the main reasons is its excellent connectivity to the Western Express Highway, which makes commuting to different parts of Mumbai convenient and hassle-free. Additionally, Kandivali boasts good infrastructure facilities, including shopping complexes, educational institutes, and a variety of retail options. This makes it a desirable location for families and individuals looking for convenience and accessibility.
The presence of numerous malls in Kandivali, along with multiplexes and hang-out points, adds to the appeal of the area, especially for young people. Residents don’t have to travel far for their shopping and entertainment needs, as everything is easily accessible within the locality.
Overall, Kandivali offers a well-rounded living experience with its connectivity, infrastructure, and availability of amenities, making it an attractive destination for property buyers.
|Ryan International School
|Chhota Kashmir Park
|Lotus Multi Specialty Hospital
|Malad – Andheri Link Road
|Gundecha Education Academy
|Dahanukarwadi Metro Station
|Kapol Vidyanidhi International School
|Kandivali Railway Station
Kandivali, Mumbai: Residents’ feedback
Buyers in Kandivali highly value the convenience that the locality offers, thanks to its excellent connectivity and proximity to a wide range of amenities. According to ratings and reviews on the property poltals platform, residents have given Kandivali a high score of 4.3 out of 5. They appreciate the locality for its connectivity and lifestyle benefits.
Connectivity and accessibility are major advantages of Kandivali, with residents mentioning “good public transport” and “well-maintained roads” as key positives. The presence of markets within walking distance is another convenience that residents enjoy, as it saves them time and effort. Additionally, Kandivali experiences minimal power cuts, adding to the overall satisfaction of the residents.
These positive factors contribute to the desirability of Kandivali as a residential destination, as buyers and tenants appreciate the convenience and quality of life that the locality offers.
Kandivali, Mumbai: Investment potential
Kandivali is set to benefit from several ongoing and upcoming infrastructure projects that will enhance its connectivity and accessibility. One of the major projects is the Coastal Roads development, which will improve the north-south and east-west connectivity between Marine Lines, Nariman Point, and Kandivali. Additionally, the construction of metro stations like Malad West and Valnai, as well as the Mumbai Metro Line 2A and Metro Line 7 passing through Kandivali, will further enhance the transportation network in the area. These infrastructure developments are expected to boost property prices in Kandivali in the future.
However, there are some concerns that need attention, such as waterlogging during monsoons and parking issues. Fortunately, ongoing road revamping projects aim to address these concerns and improve the overall infrastructure of the locality.
Considering the significant development and increased accessibility of both zones in Kandivali, it may be a good opportunity for investors and homebuyers to consider investing in properties developedby reputable names like Godrej Properties and other well-known developers. Nonetheless, itis important to conduct thorough research and due diligence before making any final decisions.
Why Investing in Kandivali, Mumbai Might Not Be the Right Choice?
Kandivali, a suburb located in the bustling city of Mumbai, has witnessed significant growth and development in recent years. With its proximity to essential amenities, transportation networks, and the allure of Mumbai’s real estate market, many individuals are tempted to invest in properties in Kandivali. However, it is crucial to consider various factors before diving into any investment decision. In this article, we will explore why investing in Kandivali, Mumbai, might not be the right choice for everyone.
- Affordability Challenges:
One of the primary concerns when considering an investment is affordability. Kandivali, like many other areas in Mumbai, has experienced soaring property prices. The cost of owning property in Kandivali is considerably higher compared to other emerging areas in the city. This makes it challenging for middle-income individuals or first-time investors to enter the market, limiting the potential for substantial returns on investment.
- Oversupply and Competition:
The real estate market in Kandivali has seen rapid development, resulting in an oversupply of properties. With numerous residential and commercial projects underway, the market is becoming increasingly competitive. The high level of competition poses a risk for investors, as it can lead to longer periods of property vacancy and lower rental yields. Moreover, the saturation of options could also make it difficult to find buyers or tenants, thus affecting potential capital appreciation.
- Infrastructure Challenges:
While Kandivali offers some infrastructure advantages, such as well-connected transportation networks and proximity to schools, hospitals, and shopping centers, it still faces certain infrastructure challenges. Traffic congestion and inadequate public transportation options can make commuting a hassle, impacting the overall quality of life. Additionally, the lack of significant infrastructure development initiatives in recent years might hamper future growth potential, making it less attractive for long-term investments.
- Limited Scope for Future Development:
Unlike some other suburbs in Mumbai, Kandivali has limited scope for further expansion and development. As land availability diminishes, the potential for new construction projects becomes restricted. This limitation in future development could adversely impact property prices and overall investment prospects in the long run.
- Risk of Natural Disasters:
Kandivali, like many coastal areas, faces the inherent risk of natural disasters, particularly during the monsoon season. Flooding and waterlogging have been persistent issues in several parts of Mumbai, including Kandivali. Such risks pose a threat to property investments as they can result in damage, lower property values, and increased maintenance costs.
While Kandivali, Mumbai, has its share of advantages, it is crucial to consider the potential drawbacks before making any investment decisions. Affordability challenges, oversupply in the real estate market, infrastructure limitations, limited scope for future development, and the risk of natural disasters are all factors that can impact the returns on investment in Kandivali. Investors should carefully evaluate their financial capabilities, risk appetite, and long-term investment goals before venturing into this particular market. Exploring alternative investment opportunities in emerging areas or considering differentcities within India might offer a more promising investment landscape. Ultimately, thorough research, due diligence, and a realistic assessment of the market conditions are imperative for making informed investment choices.
Investing in Kandivali, Mumbai offers several benefits that make it an attractive choice for investors. Here are the top three benefits:
- Appreciation Potential and Demand: Kandivali has witnessed steady appreciation in property values over the years. The area’s strategic location, coupled with its proximity to commercial hubs like Andheri and Malad, has led to a consistent demand for residential and commercial properties. As a result, investors have the potential to enjoy capital appreciation on their investments in the long run. The high demand for properties in Kandivali ensures arelatively stable market, making it an appealing choice for those seeking potential returns on their investment.
- Infrastructure and Amenities: Kandivali boasts a well-developed infrastructure, with a range of amenities that cater to the needs of residents and businesses. The area is home to reputed schools, colleges, hospitals, shopping malls, and entertainment centers. With a plethora of options available, residents enjoy a comfortable and convenient lifestyle. The presence of reliable healthcare facilities and educational institutions makes Kandivali an attractive choice for families and individuals seeking a well-rounded living experience. The availability of these amenities also adds to the rental and resale value of properties, benefiting investors.
- Lifestyle and Connectivity: Kandivali offers a desirable lifestyle with a blend of urban conveniences and a serene environment. The area is known for its green spaces, parks, and recreational facilities, providing residents with opportunities for relaxation and leisure activities. Additionally, Kandivali’s connectivity to various parts of Mumbai, including the suburbs and the city center, ensures easy accessibility and seamless commute options for residents. The presence ofwell-connected railway and road networks, along with proposed metro line extensions, enhances the connectivity quotient and further improves the lifestyle benefits for residents and investors alike.
These three benefits, including the potential for appreciation, availability of infrastructure and amenities, and a desirable lifestyle with excellent connectivity, make investing in Kandivali, Mumbai an attractive proposition for individuals looking for long-term returns and a high quality of living. As always, it is crucial to conduct thorough research, consider market trends, and consult with experts before making any investment decisions.
More 3 benefits of investing in Kandivali, Mumbai:
- Thriving Commercial and Business Environment: Kandivali is not only a residential hub but also home to a growing commercial and business environment. The presence of various business parks, office spaces, and industrial areas in and around Kandivali offers ample opportunities for businesses to thrive. This creates a favorable environment for commercial property investment and rental income potential. With an increasing number of companies settingup offices and expanding their operations in Kandivali, investors can benefit from the demand for commercial spaces and capitalize onthe area’s economic growth.
- Diverse Range of Property Options: Kandivali offers a diverse range of property options to suit different investment preferences. Whether you are looking for luxury apartments, gated communities, budget-friendly housing, or commercial spaces, Kandivali has a wide array of choices. This variety provides investors with the flexibility to align their investment strategies with their financial goals, risk appetite, and target market segments. The availability of different property types caters to a broader range of investors, increasing the chances of finding an investment opportunity that aligns with specific investment criteria.
- Development Potential and Future Growth: Despite being a well-established suburb, Kandivali still holds potential for further development and growth. With ongoing infrastructure projects and proposed initiatives, the area is expected to witness continuous progress and improvement. This development potential enhances the long-term investment prospects and the overall desirability of the location. As Kandivali continues to evolve, investors can benefit from the appreciation of property values and the growth of the local economy.
Investing in Kandivali, Mumbai, offers a range of benefits, including potential appreciation, well-developed infrastructure, desirable lifestyle, thriving commercial environment, diverse property options, and future growth prospects. These advantages make Kandivali an appealing investment destination for individuals seeking a balanced blend of residential and commercial opportunities. However, it is crucial to conduct thorough market research, assess personal investment goals, and seek professional advice to make well-informed investment decisions. As with any investment, it is important to evaluate the potential risks and rewards before committing your resources.
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