Real Estate in Kandivali, Mumbai

Kandivali has been among the top most suburban location in Mumbai which over the years has evolved significantly. The development has been across segments namely infrastructure, schools, colleges, gardens/parks, restaurants & theatres, banks, markets and most importantly the standard of living of people within the area.

Kandivali – Past/Present/Future – Development

Last updated on December 4, 2016 by Hetal

Kandivali has been among the top most suburban location in Mumbai which over the years has evolved significantly. The development has been across segments namely infrastructure, schools, colleges, gardens/parks, restaurants & theatres, banks, markets and most importantly the standard of living of people within the area. The locality unlike other places in Mumbai has changed significantly over the past two decades that even a resident would have ever imagined. Two decades ago, the Kandivali area was largely recognized upto 2 kms within the station. However, over the last two decades the amazing development of the Charkop, Mahavir Nagar and Thakur Village has changed one’s perception drastically. The residential real estate prices of the area, has increased approximately from Rs 500-600/sq ft carpet in the year 1990’s to more than 18,000/ sq ft carpet thus resulting into compounded annual growth of (CAGR) of around 15%. The rate is however different for …

Kandivali – Past/Present/Future – Development

Kandivali has been among the top most suburban location in Mumbai which over the years has evolved significantly. The development has been across segments namely infrastructure, schools, colleges, gardens/parks, restaurants & theatres, banks, markets and most importantly the standard of living of people within the area. The locality unlike other places in Mumbai has changed significantly over the past two decades that even a resident would have ever imagined. Two decades ago, the Kandivali area was largely recognized upto 2 kms within the station. However, over the last two decades the amazing development of the Charkop, Mahavir Nagar and Thakur Village has changed one’s perception drastically. The residential real estate prices of the area, has increased approximately from Rs 500-600/sq ft carpet in the year 1990’s to more than 18,000/ sq ft carpet thus resulting into compounded annual growth of (CAGR) of around 15%. The rate is however different for different localities within Kandivali & is also different for construction hence one needs to check before buying the same.

About Kandivali

Resembling to most part of Mumbai – Kandivali area is also broadly divided into East & West zone by the local railway station. The East has upcoming/developed localities like Thakur Village, Thakur Complex, Lokhandwala and Ashok Nagar while West includes prominent localities like Mahavir Nagar, Charkop, Irani wadi, Shankar Lane and others. The crowd is a mix of all the religions though with a higher population of Gujarati’s. One of the historic developments for the Kandivali area was the development of the East-West flyover (for vehicles) and closure the old Railway Phatak. The area has some of the prominent names of School /Colleges /Gardens / restaurants / malls which are shown below:

Category Name Area
School Thakur Public School Thakur Village
School Ryan International Thakur Complex
School Children’s Academy Ashok Nagar
School Swami Vivekanand Parekh Nagar
School Oxford Public School Charkop
College Thakur College Thakur Village
Garden/Park/Recreation Evershine Dream Park Thakur Village
Garden/Park/Recreation Poinsur Gymkhana Mahavir Nagar
Garden/Park/Recreation MCA Ground Mahavir Nagar
Garden/Park/Recreation Sports Authority of India Akurli Road
Restaurants Zaffron Growels 101
Restaurants UFO Revolving Thakur Complex
Restaurants Bhagwati Irani Wadi
Restaurants Red Indian Sizzlers S.V. Road
Malls Growels 101 Akurli Road
Malls Thakur Mall Thakur Villgae
Malls Raghuleela Mall Poisur


Re-development & Up-coming projects might change the locality’s landscape

The next phase of development of the Kandivali area is likely to be in terms of redevelopment of older societies which will take place gradually over the coming years and also due to new upcoming projects. A big relief recently came for a part/piece of Kandivali locality, post defense ministry relaxed its construction ban around defense land (Central ordinance depots) thereby helping the old dilapidated buildings to turn into newer and better ones going forward. Apart from the re-development activity, there are number of upcoming projects which are coming up in the Kandivali area some of which are discussed below:

Project Name Developer Flat type Possession Area – Kandivali
White City Rajesh Lifespace 1 / 2 / 3 BHK 2017 East
The Windsor Tiruphati Enterprise 1 / 2 BHK 2017 East
Epsilon Shapoorji Pallonji 2 BHK 2020 East
Acme Oasis Acme Group 2 / 3 BHK 2017 East
Sumukh Hills Shree Riddhi Siddhi Group 1  / 2 BHK 2017 East
Acme Avenue Acme Group 1 / 2 / 3 BHK 2018 West
K Hemani Login The K Hemani Group 2 / 3 BHK 2018 West
Gauri Excellency Gauri Group 1  / 2 BHK 2019 West
Oyster Club Life Oyster Living 1  / 2 BHK 2020 West
Ruparel Sky Greens Ruparel Realty 1  / 2 BHK 2019 West
Kalpavruksh Height Raj Arcades Homes & Sethia Infrastructure 1  / 2 BHK 2018 West

Kandivali – An ease to access

The Kandivali area is easily connected to the Western Express Highway (WEH) on the Eastern side and is connected to the Link Road (LR) and Swami Vivekanand Road (SV Road) on the West side thus making travelling a convenient option. The biggest development is the proposed two Metro lines which would be passing through Kandivali and would be connected to the central Mumbai. Of the proposed two lines, one would be passing parallel to the WEH on the East and other parallel to the LR on the West. The railway station is almost at the centre of the locality giving an easy access, if one wishes to travel by train. The Kandivali locality is easily accessible to major employment hubs in Mumbai like AndheriGoregaon and Malad and is becoming a preferred choice for some of the resident. Thus traveling and connectivity was neither a trouble nor would be going forward for the Kandivali residents.

 




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