Kandivali is a residential locality in the northern part of Mumbai. Over the years, it has emerged as a real estate hotspot due to its excellent connectivity, robust social infrastructure, and affordable property prices compared to some other suburban localities in the city.
Kandivali was once considered a semi-rural area. However, over the years, the location has transformed into a residential hotspot, offering a wide range of housing options, employment opportunities, and civic facilities. Kandivali's eastern and western sides both have witnessed the growth of this magnitude. The locality is also one of the top micro-markets for real estate investment in Mumbai.
The following are the primary reasons behind real estate growth in Kandivali:
Kandivali is well-connected via arterial roads, such as the Western Express Highway (WEH), Link Road and the Swami Vivekanand (SV) Road. The Chhatrapati Shivaji Maharaj International Airport (CSIA) is only 13 km away.
The location is also well-linked via Brihanmumbai Electric Supply and Transport (BEST) buses and the Kandivali Railway Station on the Western Line of the Mumbai Suburban Railway. The upcoming Line 2A of the Mumbai Metro will be a game-changer for the locality, especially Kandivali (West), as it will have two stations, one in Ekta Nagar and the other in Dahanukar Wadi.
Coastal Road project
The Mumbai Coastal Road project is an under-construction eight-lane, 22 km-long freeway that would run from Kandivali in the North to Marine Lines in the South. The road is expected to reduce the travel time between the western suburbs and South Mumbai from two hours to 40 minutes. The project's estimated cost is Rs 12,000 crore.
Robust social infrastructure
In addition to its excellent connectivity, Kandivali has a well-developed social infrastructure, essential for a well-rounded life. Reputed schools, malls, restaurants, local markets, and state-of-the-art health care facilities are readily available in the area.
Kandivali has many various well-established commercial centres that provide employment opportunities and the chance to experience the concept of walk-to-work. The locality is also near other commercial hubs, such as Andheri (West), Malad, and Andheri (East), making it ideal for residential investment.
Availability of budget-friendly properties
Property prices in Kandivali are relatively lower as compared to the other well-established prime suburban locations in Mumbai. Additionally, the locality offers a wide range of housing options to suit one's requirements. Property investments in Kandivali also come with low risk due to the prediction of price increase in the area.
To conclude, Kandivali is currently one of the best places to reside within Mumbai. It is poised to be the next thriving residential real estate destination due to its excellent connectivity, availability of comparatively affordable properties, and rising home demand. The various high-end infrastructural, commercial, and residential projects planned in the area will significantly enhance the liveability quotient of the micro-market and also the real estate prices.