Looking for an investment opportunity in 2023? set your eyes on apartments in Kandivali West. You probably have the question in mind, Why?
It is because Kandivali West is now one of the top micro-market destinations for real estate investment. The price of properties in this locality appreciates at a very constant pace.
It is also because of the rapid-scale developments that Kandivali West has witnessed over time. There is great connectivity and robust civic infrastructure, and it is also loaded with facilities & amenities.
Over the years, home buyers have consistently shown faith in Kandivali West’s real estate offerings, with this financial year holding more promise than ever.
Let’s find out why 2023 is the perfect time to buy apartments in Kandivali West.
Earning additional income via rent
If you are about to buy property in Mumbai, with a scope of earning passive income to secure your retirement, then you have chosen the right year. In 2023, apartments in Kandivali West will be rented out at an average monthly price of Rs. 32,000 or more.
Among all of the factors, seamless connectivity to nearby employment hubs is one of the primary reasons why working professionals are keen on renting houses in this locality. The Western Express Highway, Link Road and S V Road offer seamless connectivity to the locale and other city parts. Thus, you will earn great rental yields upon buying a property in Kandivali West.
To help you with better insights, the sub-locality of Jethava Nagar, Kandivali West, has an average recorded rent of around Rs. 71,000. The rental incomes will differ depending on the sub-locality, apartment building, or developer you choose. This is the perfect time to invest and secure your increased rental yields.
The Average Price Per Sq. Ft. for Investment
The average price per sq. ft. for the flats in Kandivali West is around Rs. 18,000, which is 14% higher than five years ago, with the residential segment leading the market.
Kandivali West is located between the two posh localities, Borivali and Malad. In comparison, the average pricing of Kandivali West to these surrounding localities is nominal and best in times when Mumbai is growing rapidly. The average price per sq. ft. of properties in Borivali West is around Rs. 21,000, whereas for Malad East, it is Rs. 19,000.
Hence, with a high appreciation rate and an affordable investment range, 2023 welcomes home buyers to put their money into apartments in Kandivali West.
Upcoming Developments in Kandivali West
Various upcoming developments have been proposed and have already commenced. Over time, these infrastructure developments will help act as a catalyst for appreciating the residential and commercial real estate of Kandivali West.
Some of those proposed and initiated developments are as follows:
- A proposed ropeway project in the area will connect Mahavir Nagar in the Kandivali West locality to Essel World, Gorai and many other such places.
- There’s an ongoing construction of the Coastal Road in the locality, which will ensure seamless connectivity between Kandivali and the Marine Lines.
- A plan is to renovate the Kandivali Railway Station by introducing more skywalks, overbridges, escalators and other amenities. This will help the daily commuters to easily access various parts of this railway station.
- The Valnai Metro Station, which will be housing the metro line of Dahisar East to D.N. Nagar, is currently under construction in Kandivali West. Upon completion, the connectivity of residents in Kandivali West will eventually be enhanced.
Such developments and more in the pipeline will immensely appreciate the property prices in the locality. As a result, you will have a better ROI in the long run. Investing in 2023, while the developments are still in progress, will lead you to spend less and earn more in the long run.
Investing or Buying Apartments in Kandivali West Hasn’t Been More Convenient!
If you have decided to invest in Kandivali West, then Blox can help you with the needful. Blox is a popular property search engine with top property developers listing their projects.
The online real estate buying platform acts as the bridge between buyers and developers. And to help home buyers or property investors complete their quest, Blox allows them to filter out their search results with specific parameters. You get to choose your budget, choose a location, pick the developer and select property type.
You will then see a long list of available properties that matches your requirements. Check out the properties closely through dynamic images, or book a site visit for a better view.
Conclusion
Hopefully, the blog has served its purpose of conveying why 2023 is the right time for you to put your money in Kandivali West’s real estate. Ample 1 BHK and 2 BHK apartments are available in the locality, within a mid-budget range. With brilliant connectivity and civic infrastructure, this place will continue thriving in the coming times.
