Why a Property in Khar West Is Worth Your Investment

A luxury neighbourhood of Mumbai, Khar West serves as a prime residential zone of Mumbai, with a population of over 93,000, spread over an area of 1.87 sq. km, the affluent suburb has witnessed exponential growth, causing a spike in demand for real estate, with premium developers playing to the gallery. Properties in Khar West benefit from its proximity to commercial epicentres like Andheri and Worli. 

 

The Pincode for Khar West is 400052, close to areas such as Linking Road, Willingdon, and Santacruz West. Regarding its realty infrastructure, the western suburb offers an ample range of ready-to-move 3 and 4 BHK flats. Nonetheless, the 2 BHK configurations continue to be the most in demand. Despite the price increase, properties in Khar West remain on many's wishlists. For those wondering about people's longing desire to live in the upmarket neighbourhood, this blog will explain why a property in Khar West is worth your investment. 

 

1. Smooth connectivity

Khar West provides its residents with an efficient network of roads and railways with some of the following key features.

• SV Road, Western Express Highway, and the Bandra Worli Sea-Link help connect to some of the commercial hubs in the city, like Worli, Bandra, Santacruz, and the Andheri suburbs. 
• The Khar Road railway station on the Mumbai Suburban Railway Network provides to other city suburbs.
• The Chhatrapati Shivaji Maharaj International Airport is within a 5km radius.

 

2. Robust Social infrastructure

Another selling point for home buyers is the locality's offering of social amenities, the best educational and medical centres, and recreational spaces. 

Schools/Colleges

• Podar International School
• Rizvi Springfield High School
• Smt. Lilavatibai Podar High School
• SNDT Women's College
• National College
• MMK College
• Rizvi College

 

Healthcare centres

• Smruti Nursing Home
• Hinduja Healthcare
• Beams Multispeciality Hospital
• Khar Clinico-Pathology Laboratory
• Saifee Polyclinic and Diagnostic Centre
• Ramakrishna Mission Hospital Mumbai

 

Office hubs

• Neelkanth Corporate IT Park     
• Mirchandani Business Park         
• Powai Supreme Business Park  
• Hiranandani Business Park          
• Pinnacle Business Park 
• Leela Business Park        
• Neelkanth Business Park             
• Raiaskaran Tech Park     

 

Religious Sites

• Shri Dandeshwar Shankar Mandir
• Mahalaxmi Mandir
• Shiv Mandir       
• Parle Jin Mandir               
• Navpada Jama Masjid

 

Recreational Spaces

• Gold Cinemas
• G7 Multiplex
• Crystal Plaza
• City Centre Mall
• Palladium

 

3. Healthy ROI

Buying a property in Khar West is undoubtedly expensive, with the current price per sq. ft being an estimated ₹45,050. Over the past five years, the posh locality has experienced an appreciation rate of 2.6%. For those considering leasing out their properties, the average rent is an exorbitant 1 lakh rupees, assuring healthy returns on investment. 

 

4. Proximity to commercial hubs

Benefitting from its strategic location, residents of Khar can save up on travel time.

• At a close distance from Mundra Port and Special Economic Zone.
• Within 7km from the Bandra Kurla Complex.
• Proximity to retail markets such as Prabhat Chamber, Veena Beena Shopping Centre, and Gazebo.
• Film production houses and their offices are present. 

 

5. Upcoming developments

One of the affluent suburbs of Mumbai, Khar West has a lot to offer in the future, too, from metro access to better quality roads. 

• The upcoming Bandra station for Metro Line 2 (Dahisar-Mankhurd).
• A planned revamp drive of old and dilapidated buildings. 
• Arranging a system for sustainable solid waste management. 
• The upcoming construction of new link roads for improved East-West connectivity.

 

For those searching for properties in Khar West, We at Blox have you covered, completing your home buying in mere 7 clicks, offering the following USPs.

• Exclusive Properties
• Site visit
• 0% brokerage
• Constant connect
• Online booking

 

Nevertheless, let's look at some of the upcoming premium projects in the neighbourhood.

• Rustomjee Paramount: Located on 18th road, the luxury property has 2 and 3 BHK flats in its offering, with a RERA registered carpet area between 860-1096 sq. ft, starting at ₹12.83 crores. The premium residence offers the following amenities: a luxurious clubhouse, gymnasium, swimming pool, tennis court, and laundry service. 
• S Raheja New Light: An upcoming residential project in South Avenue, with 3 BHK as its offering and a RERA registered carpet area of 1250 sq. ft. At a starting price of ₹10.92 crores, the Raheja project offers the following amenities: a gymnasium, swimming pool, and large green spaces.
• 52 Park Avenue: Located on 12th road, the upcoming luxury project offers 3 BHK flats with a RERA registered carpet area of 846 sq. ft at a starting price of ₹5.75 crores and has the following amenities: indoor games, gymnasium, swimming pool, yoga area, party lawn, jogging/cycle track.

 

Final Thoughts

Owning a property in Khar West doesn't make everyone's budget. However, the locality boasts top-class amenities, providing its residents with a lavish lifestyle, making it worth all their investment, with the growing appreciation rates being prime evidence. Hopefully, the above blog has helped provide you with an insight into the real estate market of Khar West.