Kandivali Realty Opens Up With Redevelopment Projects

Looking for options in the Kandivali real estate market? Here is a quick take about the locality. Sanjay Jain, group managing director, Siddha Group, charts the locality for us.

Area profile

Kandivali has been among the top suburban location in Mumbai that has evolved significantly over the years. It has witnessed a rapid development in the past 20 years, in terms of both residential as well as population growth. This is fairly evident both on the eastern and the western side of this suburb, with large pockets like Charkop, Mahavir Nagar, Lokhandwala Complex, Thakur Village, Ashok Nagar, Anand Nagar, Iraniwadi, Shankar Lane and Dahanukarwadi coming up in recent years. The suburb has evolved with the help of infrastructure reforms and demand driven by the homebuyers. Its proximity to commercial centres and projects coming up with modern lifestyles and amenities continues to generate interest among the prospective buyers.

Prices trend

The residential real estate prices in the area have increased approximately from Rs 500-600 per sqft during 1990s to more than Rs 16,000 per sqft now. This establishes the fact that Kandivali is one of the fastest growing suburbs of the Mumbai city.

Let us look at the price chart, based on the data available with PropTiger.com:

Social infrastructure

The social infrastructure of Kandivali is well developed as the area has some prominent schools, colleges, gardens, restaurants, malls, etc. Educational institutions such as Ryan International School, Oxford Public School, Thakur International School, Thakur College, etc., and hospitals such as Aastha and Unnati Hospital are some of the basic infrastructure available at Kandivali. For entertainment, the locality boasts multiple theaters and shopping malls such as Raghuleela, Thakur Mall and Growel's 101.

Explore projects for sale in Kandivali West.

Connectivity

Kandivali is well connected with the Link Road, the S V Road and the Western Express Highway. These roads connect the locality with other parts of suburban Mumbai, including the city airport. Kandivali is also connected to Thane via the Ghodbunder Road and Gujarat via the Mumbai-Ahmedabad Highway through Dahisar Check Naka. It is also close to major employment hubs in Goregaon, Malad, and Andheri. Other commercial destinations such as Nariman Point and Lower Parel are easily accessible via the proposed coastal road that would cut down the time by half and make it easier for residents to commute. The upcoming Metro lines will further help the residents to travel to other parts of the city. The Kandivali Railway Station is one of the oldest stations in Mumbai that connect the locality with Churchgate and Virar.

Future prospects

One can see a considerable growth in affordable luxury projects in this locality. The next phase of development of the area is likely to be in terms of redevelopment of older societies and slums which will take place gradually over the coming years. Further, considering the price trends in Kandivali and the increase in demand, this suburb will prove to be a good investment.

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Published in December 2016

Kandivali is a popular suburb in north Mumbai. Though Kandivali East is more in demand as compared to Kandivali West, when it comes to residential options, the latter has managed to garner homebuyers' interest in recent years. Nestled on the junction of Mahatma Gandhi Road and Link Road, Kandivali West has only miniscule contribution to the overall Mumbai real estate. However, it comprises of a good number of residential as well as commercial properties launched by some reputed developers in the market. PropGuide tells you what makes Kandivali West a hot property destination.

Sound connectivity

Mulund - Goregaon Link Road, Malad - Andheri Link Road and Western Highway are the important land routes which provide ease of commuting to its residents. The Chhatrapati Shivaji International Airport and Santacruz Airport is nearly half an hour's drive from the locality.  

Well connected to commercial hubs

Kandivali West is easily accessible from thriving commercial complexes in the region namely Bandra Kurla Complex (BKC) , Goregaon and Andheri.

Robust social infrastructure

In addition to a robust transportation network, Kandivali West possesses excellent social infrastructural facilities encompassing:

Educational Institutions: Cambridge School, St. Lawrence High School, Foundation School, Esplanade High School, Bal Bharti High school, Anudutta Vidyalaya and St. Joseph High School; Swami Vivekananda International School and Junior College, Shree Jamnadas Adukia Balika Vidyalaya and Junior College

Healthcare Centres: ESIS Hospital, Gokul Hospital

Shopping Malls: D Indian Sizzlers, The Village and Martins Chinese Nook

Current real estate market in Kandivali West

Rustomjee Meridian is one of landmark apartments in Kandivali. It is a project spread over 1.25 acres and comprising of 160 units of 1 and 2 BHK homes. The sizes vary between 666 sq ft to 1,056 sq ft. Amenities such as a gymnasium, a children's play area, a multipurpose room as well as a sports facility are available for the residents.

Besides, Rustomjee, Ruparel Group is another prominent developer in the market with nearly two decades of industry experience.

With inputs from Harini Balasubramanian.