Malad East- Kandivali East corridor, driven by end- users
The Malad East- Kandivali East corridor has always been in demand as it is connected to commercial destinations like Borivali, Goregaon and Andheri, through Western Highway. Kandivali is luring buyers due to its excellent connectivity, good social and civic infrastructure, proximity to commercial areas, schools and still affordable in comparison to other fully developed areas. Whereas Malad is already developed and has reached to the level of saturation with very less development happening. Both the areas have the maximum demand for 1Bhk apartment.
Infrastructural Development and connectivity: Kandivali East is situated along the western line of Mumbai’s suburban railway network and has two proposed infrastructure projects, Metro line terminating at Charkop and SV Road, which will improves its connectivity with Western Express Highway. Malad is also benefited by the improved connectivity with the Western Highway and has a range of social and indrastructural developments proposed for the future.
New projects: Green Acres by Nirman Realtors And Developers Ltd is a new project in Malad East. It comprises of 1 & 2bhk apartments where a 1 bhk will cost around Rs. 57 lakh. Sea Princes by Gundecha and Rivali Park by G Corp are the two new projects in Kandivali east. Both projeIn the last financial year Kandivali East has got an appreciation of 17% and the property prices ranges from Rs. 13200 – 13400 per sq. ft. Malad East being a well-developed area has less upcoming projects and majorly redevelopment is happening in this area. The property prices ranges from Rs. 12,500 – 13,000 per sq. ft. and has seen an appreciation of 12% in last financial year.
Advice for buyers: End- users majorly drive this corridor and it has more demand than supply so, you can invest in Malad –East and Kandivali East corridor if you are a short-term investor. According to real estate experts, this area will see appreciation of 20 – 30 % in the financial year 2013- 2014.
