An upcoming bustling neighbourhood located in central Mumbai, Wadala road lies on the harbour line of the financial capital’s railway network. The locality consists of a population above 1.4 lakh residents, with an area of 6.52 sq. km. Over the years, there has been a sudden boom in the infrastructure of the suburban area, especially Wadala East, with residential real estate being the game changer. There has been a sizeable increase in the demand for flats, with 2 BHKs being one of the most popular choices.
Nonetheless, this blog will walk you through Wadala East, explicitly understanding the factors driving the real estate market: strategic location, connectivity, affordable pricing range, and social infrastructure.
1. Strategically located and smooth connectivityr
Wadala East’s proximity to commercial centres like Bandra Kurla Complex (BKC), India Bulls Finance Sector, and Mumbai Port Trust make it an attractive investment destination. Neighbouring localities like Dadar, Matunga, and Sewri surround the central suburb. Regarding commuting, the eastern section of Wadala has an efficient network of roads, railways, and the Monorail 1.
2. Robust social infrastructure
With Wadala East becoming a hotspot for real estate, the neighbourhood has been luring buyers, offering them top social amenities in schools, colleges, medical centres, and recreational spots. Nevertheless, let's look at some of the landmarks of the locality.
Schools and Colleges
Recreational Centres (Restaurants and shopping centres)
3. Effective pricing
The current average price per sq foot in Wadala stands at an estimated ₹22,861, showing an appreciation rate of 6.41%, courtesy of the rise in housing demand. However, the upcoming locality offers an array of choices for its audience, with some upcoming exciting projects in the pipeline.
Ajmera Treon: Next to Bhakti Park in Wadala, the upcoming premium residential project offers flats ranging in 2, 3, and 4 BHKs, with a starting price of ₹2.15 crores and carpet area between 919-2172 sq. ft. Some of its eye-catchy amenities include a luxurious clubhouse, tennis court, 24x7 CCTV surveillance, yoga area, and kids playing area. The development should be ready to launch by December 2024.
Johaan Signature Isle: Situated in Wadla village, the luxury housing project has 1,2 and 3 BHK flats as its offering, having a starting price of ₹1.99 crores and a RERA registered carpet area that ranges between 490-872 sq. ft. Here is a list of some its recreational offerings such as a jogging/cycle track, green spaces, indoor games, and reflexology.
Tattva Mittal Codename Five Gardens: Located in the Dadar-Parsi colony, the luxury project offers 2 BHK flats at a starting price of ₹2.26 crores, with a RERA registered carpet area of 741 sq. ft. Buyers will be entitled to some of the world-class amenities such as a gymnasium, swimming pool, kids playing area, and a designated spot for senior citizens.
4. Upcoming developments
As the locality looks to upgrade its infrastructure, the real estate sector will boom with some of the following projects.
The real estate market in Wadala East is expected to witness an upward curve in its graph for the coming years. The harbour line suburb is an attractive destination for investors, with the above blog discussing the factors behind it in detail.
So, you’ve found your dream home, arranged for the finances to purchase it, and are now ready to live your desired life carefree. But amidst all that, as a new or prospective home buyer, you must not let one critical part of the property purchase process go unnoticed: the sales agreement!
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