By Runwal Group Posted Jul 05, 2018 In Residential properties
Powai is one such locality in Mumbai that has been recognized as a bustling employment hub and lifestyle destination, with reputed educational institutions, civic amenities and excellent residential projects in the vicinity. However, as the real estate market in Powai becomes saturated, Kanjurmarg has emerged to take its place. Located close to Powai, Kanjurmarg serves as an excellent investment destination equipped with outstanding infrastructure, wide-ranging amenities and employment hubs. In fact, the area is known to be one of the most well-planned and cosmopolitan areas in the city.
Here are some reasons why Kanjurmarg is all set to be the next Powai:
1. Strategic location and excellent connectivity: Kanjurmarg shares excellent connectivity to all the major parts of town, such as Bhandup, Powai, Gandhi Nagar and Chandan Nagar. Additionally, Western Express Highway, Eastern Express Highway, LBS Marg and Jogeshwari- Vikroli Link Road are the major roads that are connected to this area. Kanjurmarg is also well connected to the international airport, major bus stands and the suburban railway stations. The area is situated closed to several important institutions in the city, such as IIT Bombay, Hiranandani Gardens, NITIE and KV Powai.
2. Wide range of civic amenities: The social infrastructure and civic amenities of Kanjurmarg are commendable. There are many reputed schools in the vicinity, including Dr Datta Samant Madhyamik Vidyalaya, Kanjur English Medium School and St Xavier’s High School and College. The area is also known for its excellent healthcare facilities, super-speciality hospitals, and also its shopping malls, multiplexes and restaurants.
3. Proximity to several employment hubs: Kanjurmarg is one of the most important business districts of Mumbai. Employment centres, such as Godrej IT Park, Supreme Business Park and Raheja Plaza are only a few kilometers away. Samruddhi Venture Park and Nilkanth Tech Park Pvt. Ltd are also well connected to Kanjurmarg.
4. Excellent ROI: Investing in property in Kanjurmarg is seen as a risk-free and lucrative option. While the property prices in Kanjurmarg are still relatively low, one cannot ignore the rising demand and the appreciation of property prices in the locality. In the last year, the property prices in the area have appreciated by about 16%.
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