By Runwal Group Posted Feb 25, 2019 In Residential properties
If you have been looking to invest in a home in Mumbai, Kanjurmarg is a locality worth checking out. Offering a unique combination of accessibility, affordability and steady appreciation, Kanjurmarg makes for an excellent residential and investment destination. The recent years have witnessed a significant transformation in the landscape of Kanjurmarg, attracting the attention of investors from India and abroad.
Here’s everything you need to know about Kanjurmarg’s fast-growing market.
Kanjurmarg is a prime locality in suburban Mumbai and is well connected via the Western & Eastern Express Highways, LBS Marg and Jogeshwari- Vikroli Link Road. The International Airport, major bus stands (Mulund and Ghatkopar) and the suburban railway stations (Kanjurmarg, Bhandup, Vikroli and Ghatkopar) are also close by. Prominent institutions such as IIT Bombay, NITIE and KV Powai are well-connected to Kanjurmarg. The locality offers excellent connectivity to Bandra-Kurla Complex, South Mumbai and SEEPZ, via road and Mumbai Metro Phase 3. Chembur is also easily accessible via the monorail service.
2. Metro connectivity:
Mumbai’s Metro connectivity is all set to expand further. Two new lines on the Metro have been proposed, among which one will connect Kanjurmarg and Vikhroli. This will significantly enhance Kanjurmarg’s property rental market.
3. Proximity to employment hubs:
Kanjurmarg is one of the Mumbai’s prime business districts, and it offers easy access to several employment hubs and tech parks. Bandra-Kurla Complex, Godrej IT Park, Supreme Business Park and Raheja Plaza are only 5-6 km away, while Samruddhi Venture Park and Nilkanth Tech Park Pvt. Ltd are approximately 9 km from here.
4. Social infrastructure:
Kanjurmarg is dotted with many reputed schools, including Dr Datta Samant Madhyamik Vidyalaya, Kanjur English Medium School and St. Xavier’s High School and College. Hiranandani Hospital, Navnirman Maternity and Surgical Hospital and Ghatkopar Hindu Sabha Hospital are among the leading hospitals here. Neptune Magnet Mall, R-City and Nirmal Lifestyle Mulund are among the popular shopping and entertainment destinations.
5. Serene surroundings:
Kanjurmarg offers its residents something that no other part of Mumbai does—the unique blend of clean, green and serene surroundings in the heart of the urban landscape.
6. Rental market & ROI:
Investing in property in Kanjurmarg is becoming the preferred choice for homebuyers in Mumbai. While the property prices in Kanjurmarg are comparatively lower, the residential projects in the area are of excellent standards.
7. Comparative price advantage:
Another factor that has contributed to Kanjurmarg’s popularity is the lower property prices compared with Powai, Vikhroli and Thane. Kanjurmarg offers its residents an excellent quality of life at much better prices, while also being close to employment hubs (that enhance its rental market).
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