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Why Is It Wise To Invest In Kanjurmarg - Mumbai's New Hotspot, Now?

By Admin Posted Sep 20, 2018 In Property investment

If you have been looking to invest in a home in Mumbai, Kanjurmarg is a locality worth exploring. A home in Mumbai should ideally be well connected and should offer access to a wide range of social and civic amenities. In that regard, Kanjurmarg has become one of the most coveted residential localities in Mumbai and it is hailed as a modern, cosmopolitan and well-planned locality.

Thinking about investing in a home in Kanjurmarg? Now is the best time to do so. Here’s why:

1.     Attractive price trends:

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 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. 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 is on a par.

2.     Excellent connectivity:

 A very big advantage of investing in Kanjurmarg is the connectivity that it offers. Kanjurmarg is well connected to all parts of the city via The Western Express Highway, Eastern Express Highway, LBS Marg and Jogeshwari- Vikroli Link Road. Some of the location highlights:

 

  •      Easy connectivity to the airport, Bandra-Kurla Complex, South Mumbai and SEEPZ.
  •      Proximity to International Airport and railway stations of Kanjurmarg and Bhandup.
  •      Proximity to important institutions-- IIT Bombay, Hiranandani Gardens, NITIE and KV Powai.
  •      Proximity to Powai, Bhandup, Gandhi Nagar and Chandan Nagar.
  •      Mumbai Metro Phase 3 offers easy access to BKC and SEEPZ.
  •      Chembur is easily accessible via the monorail service.
As an important business district in Mumbai, Kanjurmarg is well-connected to several employment hubs and tech parks. Godrej IT Park, Supreme Business Park and Raheja Plaza are only a few kilometers away, while Samruddhi Venture Park and Nilkanth Tech Park Pvt. Ltd. are also close by. Many MNCs, such as L&T, TCS, Godrej, etc., have established their presence in Kanjurmarg. This has contributed significantly to the area’s appreciation.
Mumbai’s Metro service is set to expand further. One of the new lines that have been proposed will connect Swami Samarth Nagar to Jogeshwari, Kanjurmarg and Vikhroli. Because of this, the rentals in Kanjurmarg are expected to jump by 10-12 per cent, making it a lucrative investment option.
Kanjurmarg holds big promises for Mumbai’s real estate sector, and the best time to invest here is now. One of the finest projects in Kanjurmarg is Runwal Bliss. With exquisite homes and world-class amenities, Runwal Bliss is a premium property in Kanjurmarg East.

 

Disclaimer

The plans, specifications, images and other details herein are only indicative and subject to approval of the concerned authorities. The Group / Owner reserves the right to change any or all of these in the interest of the development, without prior notice or obligation. Artist’s impressions are used to illustrate amenities, specifications, images and other details and these may be applicable to select apartments only. Tolerance of +/- 3% is possible in the unit areas on account of design and construction variances. All brands stated are subject to final decision of the project architect. This printed material does not constitute an offer and/or contract of any type between the Group / Owner and the recipient. No booking or allotment shall be deemed to have been made on the basis of this printed material. Any Purchaser / Lessee of this development shall be governed by the terms and conditions of the agreement for sale / lease entered into between the parties, and no details mentioned in this printed material shall in any way govern such transactions unless as may be otherwise expressly provided in the agreement for sale/lease by the Group / Owner. The Group / Owner does not warrant or assume any liability or responsibility for the accuracy or completeness of any information contained herein.