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Exploring the Booming Real Estate in Chakala

Author
Blox Social
Posted on
Jun 12, 2023
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Mumbai is one of the biggest metro cities in India, and in addition to being the financial capital of the country, it also houses India’s entertainment industry. Hence it is not surprising that countless people arrive here every day to make it big in the city of dreams. Fulfilling the accommodation needs of these people has naturally resulted in a never-ending boom in the property market in the city. Consequently, there are hundreds of projects in various phases of development in both new localities and older suburbs of Mumbai. 

Chakala, also known as JB Nagar, is a sub-locality in the Andheri East suburb of Western Mumbai that has been attracting investors in large numbers. With several new projects coming up in this already well-established locality, investing in property here is surely a great option. The locality of suitable for working professionals, newlywed couples, and small families and also offers residential options for larger families. 

Given below are some reasons that make investing in real estate in Chakala a wise decision.  

  • Decent Neighbourhood

Chakala is a residential and commercial real estate hub in Andehri East and primarily features multistory residential apartments. In addition to the high-rise apartment complexes, people can also find independent houses, villas, and plots for sale in this area. Some of the most prestigious real estate projects being developed in Chakala include Dipti Spaces Aryavarta, The Baya Goldspot, VKG Krishna Residences, Unique Shanti Sparsh, and MD Globus Express Enclave.  

  • Cost-Effective Pricing

The price of a property in Chakala is neither too high nor too low compared to other major suburbs of Mumbai. Around 18% of the properties available for sale in the area are priced between ₹2.4Cr and ₹2.6 Cr, while another 9% of properties available for sale are priced between ₹1.8Cr - ₹2.0Cr. More than 51% of all the properties available for sale in the area are 2 BHK apartments; hence these form a majority of the property for sale in the area. However, only 58% of the property available for sale comprises multistory apartments. 

  • Good Infrastructure

Chakala is situated in the heart of Andheri East and offers excellent connectivity to almost every part of Mumbai. The Mumbai International Airport is situated at a distance of only 2 Km from Chakala and can be easily accessed by road and metro. The locality offers good connectivity to different parts of Mumbai through Andheri-Kurla Road and Saki Vihar Road. Additionally, people can use the Mumbai Metro to travel to Andheri (western and harbour lines) and Ghatkopar (central line) railway stations. From there, they can easily commute to the Western suburbs and Navi Mumbai, as well as the Eastern suburbs and Thane, respectively. 

  • Easy Access To Various Amenities

People investing in property in Chakala can rest assured about the education of their children. Renowned institutions like Holy Family High School, Divine Child High School, Bombay Cambridge International School, ICE College of Hotel Management, and Tolani College of Commerce are located in and around Chakala. The place also has several malls within a short distance where people can enjoy shopping or spend time with family and friends. These include Fun Republic, Citi Mall, Infiniti Mall, Phoenix Marketcity, and DB Mall. The healthcare facilities in and around the locality are also quite good, with Kokilaben Dhirubhai Ambani Hospital, Holy Spirit Hospital, BSES MG Hospital, and Seven Hills Hospital located within a 5-7 km range. 

  • Proximity To Commercial Centers

Chakala is a major residential and commercial neighbourhood in Andheri and hence is a great place to invest in property for working professionals as well as entrepreneurs. A portion of MDIC Andehri is in Chakala, and the locality is within a short distance of SEEPZ SEZ and NESCO IT Park. In addition, commercial centres like Godrej and Boyce Industry Estate, Bandra Kurla Complex (BKC), Godrej One, Kensington SEZ, Lotus Corporate Park, Veera Desai Industrial Estate, Oshiwara District Centre, and Nirlon Knowledge Park are all within 5-10 km radius of the locality. Other employment hubs within a 17 km radius of Chakala include Infinity IT Park, Mindspace Malad, Peninsula Corporate Park, and Indiabulls Finance Centre. 

Conclusion 

Being situated in the well-developed suburb of Andheri East, people investing in property in Chakala can be assured of good returns along with the easy availability of various facilities and amenities essential for living a comfortable life.  

 

Real Estate