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

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.