By Admin Posted Nov 22, 2018 In Real estate
Kanjurmarg is one of the most sought-after residential destinations in suburban Mumbai. As one of the oldest residential localities in the metropolis, Kanjurmarg is also among one of the best-planned and most cosmopolitan parts of the city. As a residential and investment destination, Kanjurmarg is identified by its three aces—accessibility, affordability and appreciation.
Here are some of the highlights of living in Kanjurmarg.
1. Accessibility: As one of the prime localities in suburban Mumbai, Kanjurmarg is well connected to all parts of Mumbai. The Western Express Highway, Eastern Express Highway, LBS Marg and Jogeshwari- Vikroli Link Road are the major roads running through the area. The locality is also well connected to the International Airport, major bus stands (Mulund and Ghatkopar) and the suburban railway stations (Kanjurmarg, Bhandup, Vikroli and Ghatkopar). Additionally, Kanjurmarg is situated closed to several prominent institutions in the city, such as IIT Bombay, Hiranandani Gardens, NITIE and KV Powai. Localities such as Bhandup, Powai, Gandhi Nagar and Chandan Nagar also lie in close proximity to the area. 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. The locality is also dotted with a number of reputed schools, world-class hospitals, employment hubs & business districts, shopping malls, multiplexes, parks, clubs, restaurants and cafés.
2. Affordability: Kanjurmarg offers an impressive array of affordable homes in Mumbai, without any compromises on quality. This is a very attractive prospect for a cost-intensive real estate market like Mumbai. When localities like Powai, Vikhroli and Thane became saturated, their affordability quotient was affected significantly. That’s when Kanjurmarg emerged as an excellent alternative that is well-connected, self-sufficient and equipped with sound social infrastructure. While the property prices in Kanjurmarg are still relatively low, one cannot ignore the rising demand and appreciation of property prices in the locality. Moreover, Kanjurmarg offers an excellent portfolio of projects by reputed realty developers.
3. Appreciation: Because of Kanjurmarg’s excellent connectivity across the city and to IT hubs and business districts, the property prices have witnessed exceptional appreciation in the recent years. In the last year, the property prices have appreciated by about 16%. Moreover, homes in Kanjurmarg are available at a fraction of the cost of Powai (which is next door and highly sought-after), while the quality of the developments in both the localities is on a par.
Invest in 3 BHK flats in Kanjurmarg East at Runwal Bliss, a premium residential project by the Runwal Group.