Chandivali’s Thriving Real Estate Prospect

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Mumbai, the bustling financial capital of India, is a city that never sleeps. Amidst its towering skyscrapers and frenetic pace, Chandivali stands as a serene yet dynamic residential neighbourhood in the eastern suburbs. This hidden gem has been witnessing significant growth and development, making it an enticing prospect for real estate investors. In this article, we delve into the reasons why investing in Chandivali is a wise choice.

  1. Advantageous Location:

Chandivali's prime location is one of its most compelling features. Nestled between Sakinaka in Andheri and Powai, it offers unparalleled connectivity to various parts of Mumbai. The well-developed transport network ensures easy access to commercial hubs, IT parks, leisure destinations, educational institutions, and healthcare facilities. Chandivali's proximity to the Eastern and Western Express Highways, LBS Road, and Jogeshwari-Vikhroli link road further enhances its accessibility. Moreover, the international airport is a mere 6 kilometres away, ensuring swift travel for both business and leisure.

The Sakinaka Metro Station, located just 3.4 kilometres away, provides seamless metro connectivity, with additional under-construction metro lines promising further convenience in the future.

  1. Emerging Residential Region:

Chandivali boasts a skyline punctuated by high-rise apartment complexes offering a luxurious living experience. These apartments are replete with modern amenities such as swimming pools, gymnasiums, and recreational areas, catering to the needs of families and young professionals. The neighbourhood’s picturesque setting on the banks of Powai Lake provides a tranquil escape from the city's hustle and bustle. Its lush greenery also appeals to nature enthusiasts.

Chandivali is home to several prominent IT and financial companies, creating a wealth of employment opportunities and attracting a diverse population. This blend of residents from different walks of life imparts vibrancy to the neighbourhood.

  1. Rapidly Developing Real Estate Market:

The Chandivali real estate market has been on a remarkable upward trajectory. According to data from 99acres.com, property prices in Chandivali are as follows:

The neighbourhood’s proximity to SEEPZ, Sakinaka's manufacturing companies, and various business establishments has fuelled a surge in demand for residential spaces. This surge has attracted renowned players in the real estate sector, who have initiated large-scale residential projects in Chandivali.

  1. Infrastructure Rejuvenation:

Chandivali boasts an array of commercial establishments, cafes, restaurants, shopping centres, and retail outlets that provide a premium experience. Prominent shopping destinations like R City Mall and Phoenix Market city are within easy reach. The presence of esteemed educational institutions like Nahar International School, Bombay Scottish School, and the Hiranandani Foundation School, coupled with healthcare facilities such as Hiranandani Hospital, Seven Hills Hospital, Fortis Hospital, and Holy Spirit Hospital, ensures that residents have access to top-quality services.

Chandivali's strategic location near Mumbai's IT hub further solidifies its appeal.

Conclusion:

In conclusion, Chandivali combines strategic location, robust infrastructure, and luxurious amenities, making it an enticing investment option in Mumbai's dynamic real estate market. With property values steadily rising and the potential for rental income, investing in Chandivali is a prudent decision for those seeking a foothold in a flourishing neighbourhood. The government's commitment to further developing Chandivali only enhances its potential as a valuable investment opportunity. As Mumbai continues to evolve, Chandivali stands as a testament to the city's growth, offering investors a piece of its promising future.

 

Article authored by: Team Propfynd

Date: 4th September, 2023

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