A suburb situated at the junction of Mahatma Gandhi Road and Link Road, Kandivali West

Mumbai

A suburb situated at the junction of Mahatma Gandhi Road and Link Road, Kandivali West, is displaying a healthy real estate development due to myriad factors. However, connectivity and a wide variety of options top the ladder.

Due to the fast paced development, Kandivali West has grabbed the eyeballs of many well-known developers. This has led to a surge in the launch of many projects to suit various segments of the population. Developers present on this stretch are Ashray Group, Acme Developers, GA Builders Pvt Ltd, Mayfair Housing Pvt Ltd, to name a few. Out of the total new projects listed on the Magicbricks.com, many will be ready for possession by 2015.

All these projects are launched with the avenues of entertainment along with security features. Club House, gymnasium, lift, power back up and swimming pool are all complimentary. Also, stress free living is assured as most of the projects are vastu compliant.

Though there are several new developments happening in Kandivali West, it still majorly offers resale properties. As per data with Magicbricks.com, more than 70 per cent of the properties here are available in resale. While almost 50 per cent of these properties are about 5-10 years old, there are several other properties which are even older than a decade.

“The property values in Kandivali West range between Rs 11,000-13,000 per sq ft. Accordingly, a buyer can get a 1BHK apartment starting at Rs 40 lakh to a 2BHK apartment priced at Rs 1 crore and above. On an average, the capital values of newly launched apartments vary from Rs 40 lakh- 1 crore, depending upon the BHK configuration and the amenities offered,” Sandeep Sharma, Sharma Estates. While, the developers are offering all kinds of configurations, buyers’ preference is mostly inclined towards 2BHK units, closely followed by 1BHK units. The average sizes of these apartments range from 500-1000 sq ft.

So, what has helped Kandivali West score positive on the real estate graph?

Connectivity definitely augers well. Roopesh Gupta of Vaibhav Realtors, “Kandivali West enjoys bus connectivity through Jai Ganga Bus Stop and railway connectivity through the Kandivali railway station, which is at a distance of 4 km.” The area has all the amenities required by an end-user. For kids, there are schools such as Gandhi Vidhya Mandir High School, Cambridge School and St Lawrence High School. Apart from this, there are shopping centres, hospitals and banks located here.

Nikunj Joshi, Magicbricks.com Bureau

Nikunj Joshi, an alumna of Asian College of Journalism, is a passionate Real Estate Journalist with a fetish for music, cinema, traveling and books