Kanjurmarg葉he hot spot destination for real estate in Mumbai
  •  Dec 16, 2019
  •  Shweta Yadav

In the last few years, Kanjurmarg has seen a potential increase in its real estate developments owing to the rapid business growth. It is now one of the prime destinations for homebuyers who demand to purchase residential properties in Kanjurmarg as it enjoys proximity to Vikhroli and Powai. Located in the coveted destination of central suburbs the region has easy access to Harbour and Western lines of the Mumbai's Railway network.

 

Kanjurmarg is a witness to the prosperities which various industries have enjoyed after shifting their base to here due to larger floor-plates and low cost. Various business organizations and notable IT industries like Akruti Corporate Park, OneWorld, and Lodha iThink have provided impetus to the growing business district of Kanjurmarg.

 

With the growth of commercial space, the region is also witnessing a demand for residential abodes especially from the mid-management cadre, who are looking for decent homes within affordable prices. One such offering is done by Arkade Group who is providing 1BHK flat in Arkade Earth. However, with the higher demands, there is also 2 BHK flat in Arkade Earth and various other prominent locations in and around the prime and secondary business hubs in the city.

 

Another imperative aspect to buying a 3 BHK flat in Kanjurmarg East is its connectivity where the Eastern and Western Highways are connected to the eastern part of Kanjurmarg via Jogeshwari-Vikhroli Link Road (JVLR). Besides, there is LBS Marg which offers easy access to various commercial, industrial, and social infrastructures in Mumbai. Other than connectivity Kanjurmarg has reputed schools, colleges, hospitals, restaurants, amusement parks, etc. in its vicinity. Entertainment hubs like Neptune Mall, Magnet Mall, and Huma Mall are escalating the rapid growth of this area. The plethora of social and civic amenities makes it one of the most coveted destinations in Mumbai for families and home owners.

 

Furthermore, as per the upward shift of property values in Thane, Vikhroli, and Powai, Kanjurmarg has reported a 10-20 percent lesser property price which makes it affordable for all sections of home buyers. The property price in Kanjurmarg ranges from Rs.14000 - 15000 per sq. ft and the well-developed locality makes it a premium choice for residing. In the near future, this area is likely to witness massive real estate development, thereby offering a substantial return on investment.