Lifestyle

Kandivali property market: An overview

[ecis2016.org] Kandivali is a northern suburb of Mumbai that has developed rapidly in the past few decades, attracting many investors and property buyers

Kandivali is a suburban locality of Northern Mumbai. The history of this town is believed to be as old as the Stone Age, as artefacts have been found near this region belonging to that period. The Kandivali railway station was built in 1907 and the place is said to have derived its name from Condolim, an east Indian village. The place was once mined for its famous Malad stone during which time, a workshop and some dwelling houses had been erected and constructed for officers. Notable buildings in Mumbai had been constructed using the Malad stone between the period of 1860 and 1930. Some of these notable buildings include the Bombay House, Western Railway building and David Sasson library. The area now lies in close proximity to the Western Express Highway.

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Many migrants settled in Kandivali during the plagues of the 1900s. Some of the East Indian families still reside in Kandivali. After the First World War, many Gujaratis settled down in the Western end of the railway station. The Government launched a Town Planning Scheme in the 1930s with a semi-rural set-up, comprising of agricultural land. Kandivali witnessed a real estate boom in the 1980s and 1990s and many builders started launching projects in Kandivali, moving northward from central Mumbai.

Our Lady of Remedy Church along with its school is one of the oldest establishments in Kandivali and also a significant landmark. The Church of Our Lady of Assumption located off MG Road is also one of the oldest churches in Mumbai. Other religious landmarks include the Kala Hanuman temple, visited by many devotees every day; a pond near Shankar Mandir used for immersions during Ganesh Chaturthi; and a 56-year-old Shreeji Temple.

Connectivity with nearby Kandivali localities

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Kandivali is well-connected to most parts of the city via major roads like the Western Highway, Malad-Andheri Link Road and Mulund-Goregaon Link Road.

  • Borivali is 7.1 km away
  • It’s a 30 minute drive to the Chhatrapati Shivaji International Airport and 32 minutes to Santa Cruz Airport.

Employment hubs near Kandivali

Kandivali offers good connectivity to major commercial hubs of Mumbai like Bandra Kurla Complex, Goregaon and Andheri East.

  • Goregaon East is at a distance of 9.2 km via the Western Express highway.
  • Bandra-Kurla Complex is located 21.5 km away.
  • Andheri east is at a distance of 14.7 km from Kandivali.

Schools in Kandivali and other social amenities

There are numerous reputed and well-known schools in Kandivali like:

  • Cambridge School
  • St. Lawrence High School
  • St. Joseph High School

Reputed and reliable hospitals in Kandivali include:

  • ESIS Hospital
  • Gokul Hospital

Read also : Adambakkam property market: An overview

Kandivali has numerous malls, the major one being Growel and V Mall which are popular recreation hubs for residents in and around Kandivali.

Like most residential neighbourhoods of Mumbai, Kandivali too has two parts, the east and the west. The western part has seen more development in terms of residential projects and civic and lifestyle amenities. Prices are consequently higher with 1 and 2 BHK configuration apartments in Kandivali being most opted for. Average unit sizes of apartments range from 640 sq ft to 5,000 sq ft, with the average price ranging around Rs 13,064 per sq ft. Kandivali east is an equally sought after residential destination with increasing demand for property in Kandivali. Average apartment prices for the east are comparatively lower estimated at Rs 12,719 per sq ft.

Reasons to invest in Kandivali

Kandivali has undergone massive transformation and development in the last two decades and thus holds great potential for investors. Being well-connected to Mumbai and with several reputed builders in Kandivali having launched their residential and commercial projects, an investment in a flat in Kandivali can assure you of good returns in the long term.

Check properties in Kandivali

Source: https://ecis2016.org/.
Copyright belongs to: ecis2016.org

Source: https://ecis2016.org
Category: Lifestyle

Debora Berti

Università degli Studi di Firenze, IT

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