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Kanjurmarg: A prosperous realty destination in Mumbai

Real Estate

By clinging on with the three aces of convenience, affordability and appreciation potential together with quality infrastructure and commercial integration, Kanjurmarg is prospering as one of the most desirable realty destinations in Mumbai. Presently, Kanjurmarg is a dynamic, fast beating suburb that brags of well developed infrastructure, remarkable connectivity and a host of residential projects. The additional benefits on the already wonderful land are the peaceful surroundings, lush green ambience and serene locales that pulls the homebuyers here.

A large area of land in the Central suburbs was earlier converted from industrial to residential purpose which led to the arising of locations such as Ghatkopar, Mulund and Powai as major housing hubs.  But the overload of these regions has resulted in a spill-over demand in the newer pockets of Bhandup and Kanjurmarg. These locations are now changing from pure industrial areas to mixed-land use destinations featuring commercial and multifarious residential developments. The housing areas fall in multiple budget brackets ranging from mid-income to luxury segment and come equipped with state of the art amenities and facilities.

Connectivity

Jogeshwari-Vikroli Link Road (JVLR) and the Eastern Freeway, and the Eastern Express Highway, has hugely amplified Kanjurmarg’s connectivity to other parts of the city and played a major role in its rapid evolution. Presently, Kanjurmarg has established a competitive edge over other locations due to its smooth and hassle-free connectivity. Many famous real estate developers have established their impression in Kanjurmarg owing to its future growth potential.

Commercial centres

Kanjurmarg is near to major business districts of Powai, Thane, and BKC. South Mumbai, too, is easily reachable via JVLR, LBS road, Eastern Express highway, SCLR and the Eastern freeway. Its strategic positioning on the central railway line provides easy access to both the Harbour and Western lines of the city’s local rail network. Business campuses such as Eastern Business District, Akruti Corporate Park, L&T, Accenture, Godrej, Supreme Business Park and Lodha iThink Techno are some of the most notable business complexes providing impetus to this growing business district.

Subodh Runwal, Director , Runwal Group says that with excellent connectivity, access to upmarket lifestyle spots, quality housing and extremely attractive real estate prices, Kanjurmarg is poised for an exponential realty growth, similar to Powai. It is an extremely alluring real estate investment hub for property buyers.

Infrastructure

The adequate social infrastructure is another important factor that has helped Kanjurmarg’s evolution as a residential hotspot in the city. Neighborhood to Huma Mall, D-Mart, R-City Mall and the high streets of Powai provide multiple shopping and entertainment options for residents. Simultaneously, several famous institutions such as Poddar International School, IIT Bombay, Hiranandani Foundation School, Bombay Scottish, St.Xavier’s and Kendriya Vidyalaya address the local education needs. Also, the presence of Hiranandani Hospital in vicinity assures quality healthcare for residents.

Property prices

In a cost-intensive real estate market like Mumbai, questions of affordability without compromised social comforts and travelling convenience inevitably prevails in every homebuyer’s mind. But in Kanjurmarg, the average property prices are lower when compared to the nearby established locations of Powai, Mulund and Ghatkopar, and this has been a critical determinant for its success and popularity among homebuyers. The appealing property rates in Kanjurmarg not only make purchasing a property a real possibility for a more important number of buyers but also indicate considerable scope for appreciation.

Investment potential

The All round real estate trends in Mumbai and factoring in affordability, infrastructure and connectivity, Kanjurmarg offers good returns on investment. Large residential towers, office complexes, shopping destinations and hotels now form Kanjurmarg’s skyline. With its already excellent connectivity along with the completion of the metro rail lines, connecting it to Thane and Andheri, Kanjurmarg will put many other contending real estate locations in the shade. A desirable location, exquisite connectivity, developing infrastructure, well- planned projects at competitive values and green environs – it’s really wonderful that Kanjurmarg is becoming a preferred residential destination for individuals and families.

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