Wadala West is a fast-developing suburb situated in the central part of Mumbai. With its excellent connectivity and proximity to commercial hubs such as Lower Parel, BKC, and Andheri, the harbour line locality is fast becoming one of Mumbai's most sought-after locations for real estate investment.
Wadala West is a highly sought-after neighbourhood in Mumbai, with excellent connectivity and a range of properties available for buying and renting. There are numerous 3 BHK, 2 BHK and 1 BHK flats in Wadala West for sale. Situated near Kidwai Nagar and Parsi Colony, this locality has received a 5/5 rating from its residents for connectivity and safety.
Let’s explore the real estate potential of Wadala West and the factors that make it a lucrative investment option.
1. Excellent Connectivity
One of the main advantages of investing in property in Wadala West is its excellent connectivity to various parts of Mumbai. Located between the Eastern Expressway and Highway, the locality provides easy access to South Mumbai and the suburbs of Mumbai. This strategic location benefits Wadala from robust connectivity to Thane and Navi Mumbai. It is served by Wadala Road Railway Station on the Harbour Line and Wadala Bridge Station on the Mumbai Monorail Line 1, connecting Chembur to Sant Gadge Maharaj Chowk.
Wadala offers multiple transport options if you need to commute to other parts of the city. They have the Dharavi Bus Depot, Wadala bridge railway station, Wadala Depot, and Wadala road railway station, all of which all easily accessible from the locality. This multi-mode commuting setup makes life easy for residents.
The monorail and the Eastern railway line also run through Wadala, providing easy connectivity to other parts of the city. The upcoming Metro Line 4 (Wadala-Thane-Kasarvadavli) and the Mumbai Trans Harbour Link (MTHL) will further enhance the area's connectivity.
Lastly, Wadala West is located approximately 16 km from Chhatrapati Shivaji Maharaj International Airport via Western Express Highway, making it convenient for those who frequently travel by air.
2. Infrastructure Development
Wadala West has seen significant infrastructure development in recent years. The suburb will directly benefit from some of the biggest infrastructure projects in the city, such as the upcoming Mumbai Trans Harbour Link (MTHL), which will connect Sewri in South Mumbai to Nhava Sheva in Navi Mumbai. The Wadala Truck Terminal, being developed as a logistics hub, is also located in Wadala West. The Chembur-Wadala-Jacob Circle monorail, inaugurated in 2014, has also improved the area's connectivity.
3. Proximity to Commercial Hubs
Within 5 km of the locality are the Lalwani, Balgopal and Hiren industrial estates, while major commercial hubs like Peninsula Corporate Park, Business Arcade Towers and Valencia Tower are in a radius of 6 km, respectively, making it a popular location for professionals.
Most of the major commercial hubs of Mumbai, such as Lower Parel, Bandra-Kurla Complex (BKC), and Andheri, are easily accessible from Wadala West. This makes it an ideal location for professionals working in these areas. The suburb is also home to the Wadala Truck Terminal, which is being developed as a logistics hub, and the Bombay Port Trust, which provides employment opportunities to thousands of people.
4. Social Infrastructure
Wadala West has a well-developed social infrastructure, with several renowned schools, colleges, hospitals, and shopping malls nearby. In terms of healthcare, the locality is home to Pai, Sangol and Thakur hospitals within a 3 km radius. Several schools are in the area, including Auxilium Convent English Primary, BMC and Tree House High School.
There is no dearth of shopping or entertainment avenues for residents. Some of the nearby options within a 3 km radius include the Dadar Athawadi Bazar, Star City Mall and Ram Gopal Shopping Centre.
5. Affordable Real Estate Prices
Wadala West offers relatively affordable real estate prices compared to some of Mumbai's other up-and-coming prime locations. This makes it an ideal location for investors looking for a return on investment. The area offers a range of residential options, including apartments, villas, and independent houses.
6. Upcoming Infrastructure Projects
Wadala West is home to several upcoming infrastructure projects, which will further enhance the connectivity and infrastructure of the area. The upcoming Metro Line 4 (Wadala-Thane-Kasarvadavli) and the Mumbai Trans Harbour Link (MTHL) are expected to significantly improve the area's connectivity. The development of the Wadala Truck Terminal as a logistics hub is also expected to generate employment opportunities in the area.
7. Future Growth Potential
Wadala West offers good growth potential for those looking to invest in property. Over the last year, the average price for buying an apartment in this locality has seen a price movement of 4.3%, with the average price per square foot at ₹27,700.
Wadala West has significant future growth potential, owing to the area's ongoing and upcoming infrastructure projects. The suburb is expected to witness a significant increase in residential and commercial property demand in the coming years. This makes it an ideal location for long-term real estate investment.
8. Rental Insights
Those interested in renting out their properties in Wadala West, have a range of options to choose from to generate a generous rental income monthly. Affordable properties within the area generate an average rental value of around ₹50,000/month; some mid-segment properties can even fetch rent ranging from ₹50,000-65,000/month, and if you own a flat in one of the premium properties at Wadala, expect an inflow of ₹65,000/month or more. The average monthly rental asks in Wadala West stand at ₹51,100-58,600, with popular societies in the area including Ajmera Cosmic Heights, Dignity Divine, and Dosti Blossom.
Conclusion
Wadala West is a locality that offers the best luxury and convenience, making it an attractive investment destination for homebuyers and investors. This locality is poised for growth with robust connectivity, proximity to employment hubs, and a mix of healthcare facilities, schools, and entertainment centres. Additionally, the rental trends in the area offer lucrative returns, making it a wise investment option. Overall, Wadala West is a locality with a bright future, and investors would do well to consider it as a potential investment destination.
