For the past few years Kandivali East has been among the top developing localities of the Western suburbs of Mumbai. The reason behind the increasing interest of buyers is this areas connectivity to the Western Express Highway; good infrastructure facilities such as shopping complexes, schools, colleges and affordability in comparison to the fully developed localities of Mumbai. The affordable projects in Kandivali East vary between Rs 8000 to 10000 per sq ft and the price range for premium projects is Rs 10000 to 15000 per sq ft. Developers that have a presence in this locality are Ekta Meadows, Kanakia, Oberoi, Gundecha, Evershine, Raheja, Dheeraj Group, Bhoomi Arkade, and RNA Corp. There is more demand for purchase than for rent. Luxury and affordable projects are equally in demand in the region. The target group for Kandivali East is buyers who can afford to shed about Rs 90 lakh to Rs 1 crore. Although, the type of construction in Kandivali East and Borivali East, Goregaon or Maalad is similar, yet demand for apartments in Kandivali East comes from the upper middle class segment. The connectivity to the Express Highway is better from Kandivali East as compared to Mira Road where affordable apartments are more in demand. The prime reason for the increase in demand in Kandivali East is that the other fully developed areas in Mumbai like Bandra are too expensive and saturated for new buyers. People are shifting from the main town to less populated areas due to traffic snarls and space issues. Kandivali East has ready-to-move-in properties available with good infrastructure and space. These factors are driving people to shift to this region and also encouraging new buyers. Road connectivity is provided by means of Western Express Highway on the East, SV Road and Link Road on the west.
Posted on: Sun, 16 Nov 2014 05:52:03 +0000
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