Information about Kandivali

Q: I am planning to buy a property in Kandivali. How is the locality for investment purpose?

Rakshit, Mumbai

16th October 2013

Investment Advice in Mumbai

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real estate in mumbai

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Kandivali has become a residential hotspot owing to reasons such as space crunch and high real estate capital values in South Mumbai. Kandivali also has a lower capital value compared to its western counterparts. There are projects by builders such as Parinee Builders, Ashray Group, Ajmera Cityscapes and Acme Developers.

Covered area of a 1-BHK flat is between 550-650 sq.ft. The covered area of a 2-BHK apartment is between 800-1050 sq.ft and the covered area of a 3-BHK property ranges between 1,250-1,650 sq.f

Praveen Modi, Mumbai

16th October 2013

Comment

What is the price trends going on in this area?

Rakshit, Mumbai

16th October 2013

Comment

A 1-BHK apartment is available for a rent of Rs. 16,000-20,000 while a 2-BHK apartment is available for a rent of Rs. 25,000-35,000. A 3-BHK apartment is available for a rent of Rs. 35,000-40,000. If one wants to buy a property in kandivali, a 1-BHK apartment would cost in the range of Rs. 30-85 lakhs, while a 2-BHK apartment would cost between Rs. 80 lakhs-1.5 crore. A 3/4-BHK apartment would cost between Rs. 1.5-2.75 crore.

Sankalp, Mumbai

16th October 2013

The property prices in Kandivali are in the mid-segment. The average price per sq.ft in Kandivali East in the last quarter has seen a small dip from Rs. 14,550-13,600 while it went down from Rs. 13,300-13,000 in Kandivali West.

Sankalp, Mumbai

16th October 2013

Kandivali is making a rapid transformation from an industrial hub to a residential hotspot due to its facilities and proximity to important commercial centres. From bad roads and water logging, the suburb has seen a massive transformation in terms of its social amenities. The suburb is also a hotspot due to its comparatively lesser capital value than other western suburbs such as Bandra, Malad and Andheri.

Sankalp, Mumbai

16th October 2013

Comment

Kandivali has excellent connectivity via road and rail. It has the Mulund-Goregaon Link Road, the western express highway, S. V. Road and Malad-Andheri Link Road that connect Kandivali to the entire city of Mumbai. Kandivali also lies on the western line of the Mumbai suburban railway. There is also a metro station proposed at the Charkop Industrial Estate in Kandivali West. There is a BEST bus depot in Kandivali East.

 Kandivali is at a close proximity to commercial centres such as Bandra Kurla Complex (BKC) and Andheri SEEPZ. BKC can be reached in less than 45 minutes and SEEPZ can be reached in less than 40 minutes from Kandivali. So investing in this area will fetch u a good return in future :)

 

Praveen Modi, Mumbai

16th October 2013