Kanjur Marg: Upcoming suburb in Mumbai offering Budget Housing
Mumbai: Kanjur Marg is an upcoming destination for the affordable housing seekers in Mumbai. This suburb lies in between Vikhroli and Bhandup. It is generating good employment opportunities and has commercial spaces like Damji Shamji Business Galleria in Kanjurmarg West. Damji Shamji Business Galleria is fully air-conditioned, has retail as well as commercial spaces making it an attraction among the local residents and surrounding suburbs.
Infrastructure and connectivity
It is located on the central line and is divided into East and West. LBS (Lal Bahadur Shastri) Marg is connecting Kanjur Marg to suburbs like Ghatkorar, Vikroli and Powai on one side and Bhandup, Mulund and Thane on the other side. Its connectivity with the commercial belt of Bandra – Kurla Comlex, Vikhroli and Powai are playing a major role in the development of this area.
The upcoming metro rail at Ghatkopar will also benefit the Real Estate development at Kanjur Marg and it is connected to the Navi Mumbai via Bhandup and Airoli-Mulund Link Road. Kanjur Marg already has a good network of trains and buses, the Kanjurmarg railway station is only 1.4 KM away from the Eastern Express Highway.
New projects
Since the property prices in Kanjur Marg are quite affordable, it has the maximum demand for two and three Bhk. RNA Builders have finished a project, NG Royal Park in Kanjurmarg East. A two Bhk residential unit is available for Rs. 40 lakh.
Lodha Builders have also launched a project, Aurum Grande and is due to be completed in another 2 years. It is in proximity with the Kanjur Marg’s railway station. It provides two and three bhk apartments in the budget ranging from Rs 1.3-1.6 crore.
Price trends
Kanjur Marg West has seen an appreciation of 12% in the last financial year, if you are looking to buy a property here, you will be charged Rs 13,000-14,000 per sq ft . Whereas, Kanjur Marg East has seen an appreciation of 30% in last financial year. The property prices ranges from Rs. 12200 – 14,600 in the Kanjur Marg West.
Advice for buyers
Property experts say that proximity to work spaces and great connectivity to the developed business centers makes this area suitable for long – term investment destination.
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