Why invest in property in kanjurmarg ?
  •  Dec 05, 2019
  •  Shweta Yadav

Kanjurmarg is a suburb of Mumbai which has seen immense growth over the last few years. If you are looking to buy a flat in Mumbai, then Kanjurmarg is a locality worth exploring. The area has a number of advantages including excellent infrastructure, connectivity, a wide range of social and civic amenities, as well as reputed residential projects. Over the past few years, the area has seen excellent development which has made it one of the most coveted residential localities in Mumbai. The well planned and cosmopolitan area has become known as the next hottest investment destination. It is being recognized as a highly modern, cosmopolitan and well-planned area in the city.

Some of the reasons why kanjurmarg has emerged as a real estate hotspot are-

Excellent connectivity

The area enjoys excellent connectivity to key areas of Mumbai, via the Western Express Highway, LBS Marg, Eastern Express Highway, and Jogeshwari- Vikroli Link Road. The locality is near the international airport, as well as major bus stands and the suburban railway stations. A number of renowned educational institutions as well as tourist spots are near the area including IIT Bombay, Hiranandani Gardens, NITIE and Kendriya Vidyalaya, and IIT Powai. Leading localities of Mumbai, including Powai, Gandhi Nagar, Bhandup, and Ghatkopar are also in close proximity to Kanjurmarg.

Employment Opportunity

Mumbai is known as the financial capital of India, and a number of MNC's and IT companies have set up their headquarters in the city. Kanjurmarg is one of the prime business centers of Mumbai and offers easy access to several employment hubs and technology parks. This has led to an increase in job opportunities for people in the area. Some of the leading companies located in Kanjurmarg are Colgate Palmolive India Ltd., Kellogg India Pvt. Ltd., Cipla Ltd., and Cognizant Technology Solutions. This has led to an increase in demand for property in kanjurmarg.

Excellent Social and Civic infrastructure

The area enjoys an excellent social infrastructure and is the home to a number of leading schools, colleges, educational institutions, world-class hospitals, high-end shopping malls, 5-star hotels, multiplexes, and entertainment hubs. The area has a highly developed social and civic infrastructure. Some of the leading institutes located in the area are IIT Bombay, St. Xavier's High School and College, Poddar International School, Fortis Hospital, R-City Mall and D-Mart.

Demand for Property in Kanjurmarg

There has been an increase in demand for property and the area has emerged as the most desirable for homebuyers in Mumbai. If you're looking to buy a 3 BHK flat in Mumbai, then Kanjurmarg has a lot of options. A number of leading real estate developers have launched projects in the area. The price of property in Kanjurmarg is comparatively lower than the rest of the city, while the projects are world class. Over the last couple of years, the property prices in the area are witnessing a rise, and it a golden opportunity for home buyers to invest in property and gain excellent ROI.