What Attracts Real Estate Investors and End-Users to Kanjurmarg?
Mumbai: Located in Mumbai’s eastern suburbs, Kanjurmarg is quickly becoming a popular place to call home. Industry data shows that house prices in the area have risen by an impressive 8.57...
Mumbai: Located in Mumbai’s eastern suburbs, Kanjurmarg is quickly becoming a popular place to call home. Industry data shows that house prices in the area have risen by an impressive 8.57 percent year over year, making it a desirable location for purchasers.
Kanjurmarg is a more affordable alternative to its upscale neighbour Powai, both in terms of location and facilities. Because of this, more and more people are looking towards Kanjurmarg as a potential area to purchase a house. The area has seen a boom in demand for homes as a result of its attractive price, high-quality housing developments, and convenient location. Kanjurmarg had an annual increase in property values of 8.78% whereas its more expensive neighbour, Powai, saw a gain of just 5.5% during the same time period. Kanjurmarg, which is close to Powai, has a considerably better ROI for investors.
Why property values in Kanjurmarg have risen:
Kanjurmarg’s strategic position is a major factor in its rising property values. Metro train lines, roads, and rail connections are all in the works to improve the suburb’s accessibility to the rest of Mumbai. Housing has become more appealing to both investors and end-users as a result of increased connection.
Thane, Lokhandwala, South Mumbai, Kalyan-Dombivli, Airport, BKC, and even the Navi Mumbai airport will all be easily accessible thanks to the forthcoming metro lines 4 and 6. Kanjurmarg’s closeness to the JVLR and the Eastern Express Highway, which greatly enhances east-west and north-south connectivity, is another factor in its favour.
Kanjurmarg is also a beautiful suburb that offers residents a well-balanced work-life culture. The area is blessed with excellent educational institutes, healthcare facilities, shopping destinations, commercial districts and most importantly, natural serene surroundings. This has created a cosmopolitan and vibrant community that attracts individuals from all walks of life.
Kanjurmarg is home to an iconic and landmark project Runwal Forest, one of the most thoughtfully planned residential developments in the area. The project’s close proximity to Powai coupled with excellent connectivity and upcoming metro routes, assures residents of good price appreciation. Runwal Forest provides residents with exceptional amenities for their indulgence and makes for a great urban living experience. Exercise in an open air gymnasium, take a dip in the swimming pool, join your kids on the skating rink, or enjoy a friendly match with neighbours on the cricket pitch. Runwal Forest takes care of all your recreation and wellness needs.
Runwal Forest has set the benchmark for premium living in Kanjurmarg. In keeping up to its name, Runwal Forest has not shied away from providing its residents with absolute greenery and large open spaces that compliments the area of Kanjurmarg.
This project has seen a marked 25% appreciation value of its property since the launch, two years ago. This has been due to the significant developments in the area as well as the property itself, emerging as one of the finest gated communities in the region.
According to a Knight Frank India report, Mumbai ranked 6th and recorded 5.5% appreciation on annual price growth of premium residential properties among 46 cities globally. This only reflects how quality housing developments can improve price appreciation for a good property.
Given its growing popularity, affordability, and potential for price appreciation, Kanjurmarg is indeed a destination which will see increased traction from those looking to invest or reside in Mumbai.
Runwal Group – The largest developer in Kanjurmarg
The Runwal Group is a prime example of a developer with a strong presence in Kanjurmarg, with approx.50 acres of land being developed into quality real estate assets. Apart from Runwal Forests – a 15 acre township in Kanjurmarg West, with over 1300 families already residing there, Runwal City Centre is a township project in Kanjurmarg East, designed on the Live, Learn, Work, Play theme. It offers a holistic living experience with beautifully landscaped residences, a proposed school, high-street retail, world-class office spaces, and a central park. These projects promote the ‘Walk to Work’ concept and cater to all the needs of residents.
Kanjurmarg is an ideal destination for those seeking a quality lifestyle while being in the heart of the city. With the upcoming infrastructure projects in the pipeline, we can expect to see further growth in the real estate market in Kanjurmarg.
