Want Spacious 2BHK Units in Mumbai? Check Out Wadala East
With increasing property prices in Mumbai, it has become increasingly difficult to find spacious apartments in the city. However, if you are looking for spacious 2BHK units in the city, Wadala East may be a good bet. According to a recent news bulletin by CommonFloor, Wadala East is offering a good number of 2BHK units with a built area of 1,250-1,500 sq. ft.
Wadala East features
Wadala is a central area in Mumbai. It is also one of the fastest growing commercial areas in the mainland of Mumbai, after Bandra Kurla Complex (BKC). It has Sewri to its south, Dadar to the west and Matunga to the northwest. Connectivity to other areas has played an important role for considering the area as the next business district. The locality is divided into Wadala East and West. Wadala East lies on the Eastern Freeway, which in turn connects the area to the Eastern Express Highway (EEH). The locality is also close to the ambitious MTHL project that connects Sewri in Mumbai to Nhava Sheva in Navi Mumbai.
The Mumbai monorail too has significantly boosted its accessibility from the eastern suburbs. The International Airport is about 15 km from the area. The Wadala railway station lies on the harbour line of Mumbai suburban railway. There are regular BEST buses plying Wadala East.
Wadala East has good social and civic amenities. Apart from the basic amenities such as educational institutions, hospitals and office spaces, it has malls and other entertainment facilities. It has an IMAX, Coffee Day and other popular recreational facilities and restaurants. The Sewri’s Flamingo Bay is just about 2 km away from the area, where thousands of lesser flamingos migrate during winter.
Real estate trends
After the saturation of Colaba and Nariman Point, MMRDA has decided to acquire about 1.84 crore sq. mt of land and convert them into major business centres along with rental housing projects and other facilities. A second reason for looking at a new CBD is the dwindling land resources at the BKC. Wadala has been considered as a suitable substitute for BKC by MMRDA.
As such, there is a good residential real estate activity going on in the area. Some of the major builders here include Lodha Group, Dosti Realty and Ajmera Realty & Infra (I) Ltd. The area offers a good number of spacious 2BHK apartments with built up area in the range of 1,200-1,500 sq. ft. The approximate property value of these units are in the range of Rs 2-2.5 crore. The usual amenities include gym, club house, swimming pool, electricity backup, children’s play area and Wifi. Additional amenities may include facilities such as cafeteria, health facilities and library.
According to a news bulletin released by CommonFloor in July 2014, Lodha Group launched about 520 2BHK units with built area of 1,480-1,500 sq. ft with a price tag of average Rs 2.5 crore.
Hence, if you are looking for a spacious 2BHK apartment with great amenities and from a good builder, do check out Wadala East.
