Chandivali is a neighbourhood located in the eastern suburbs of Mumbai, India. It is around areas such as Powai, Andheri, and Vikhroli. The Chandivali region is primarily residential and has several high-rise apartment complexes, making it a popular location for families and young professionals.
Chandivali has witnessed significant development in recent years, with several commercial and retail establishments coming up in the area. Chandivali is well-connected to other parts of Mumbai through various modes of transportation, such as buses, trains, metro, and taxis.
In this article, we will look at reasons why you should consider investing in Chandivali.
Reasons to invest in Chandivali:
- Advantageous Location
Chandivali is a well-developed residential neighbourhood with green spaces, luxury amenities, and a supremely well-developed transport network. The location of Chandivali is favourable as it is well-connected to many regions in Mumbai, thus offering ease of access to different commercial, IT, leisure, entertainment, education, and healthcare facilities in Mumbai. Chandivali is between Sakinaka in Andheri and Powai. It has easy access to the Eastern and Western Express Highways through the LBS and Jogeshwari-Vikhroli link road. The international airport is less than 6 km away. The residents of Chandivali also enjoy easy metro line access through the Sakinaka Metro Station, which is 3.4 km away. Two under-construction metro lines will make travelling easier in the coming years.
- Emerging Residential Region
Chandivali has several high-rise apartment complexes that offer a comfortable living experience. These apartments feature modern amenities such as swimming pools, gymnasiums, and recreational areas, making them ideal places for families and young professionals. Chandivali is situated on the banks of Powai Lake and offers a tranquil environment away from the hustle and bustle of the city. The region is also decked with greenery, which makes it the perfect location for nature lovers. Chandivali is home to several large IT and financial companies, which has generated a lot of employment opportunities in the area. This has attracted more people to Chandivali, making it a vibrant and dynamic residence.
- Rapidly Developing Real Estate Market
The Chandivali area has been experiencing drastic developments over the past few years, and the real estate market in the area is no exception. According to 99acres.com, the average property prices in Chandivali are as follows:
| Configuration | Average Property Prices |
| 1 BHK | Rs.50 lakh – Rs.2.70 crore |
| 2 BHK | Rs.2 crore – Rs.6 crore |
| 3 BHK | Rs.4.5 crore – Rs.20 crore |
Furthermore, due to its closeness to business establishments, the SEEPZ area, and the manufacturing companies at Sakinaka, it is developing high demand for residential spaces. As a result, many big names in the real estate sector have also launched large-scale residential projects in Chandivali.
- Infrastructure Rejuvenation
The region of Chandivali has several commercial houses, cafes, restaurants, shopping centres, retail outlets, and leisure spaces. All of these facilities are well-developed and provide ultimate luxury experiences. The R City Mall and the Phoenix Marketcity, two of Mumbai’s most famous shopping venues, are a stone’s throw from Chandivali. The presence of top-quality educational institutes like Nahar International School, Bombay Scottish School, and the Hiranandani Foundation School, and healthcare institutions like Hiranandani Hospital, Seven Hills Hospital, Fortis Hospital, and Holy Spirit Hospital provide many options for the residents of Chandivali. The closeness to Mumbai’s IT hub also makes Chandivali a strategically placed location.
In conclusion, Chandivali offers a unique combination of location, infrastructure development, and amenities, making it an attractive investment option in Mumbai’s real estate market. With a steady increase in property values and the potential for rental income, investing in Chandivali is a good decision for anyone looking to invest in a vibrant and growing neighbourhood. The Government’s commitment to developing Chandivali further only adds to its potential as a valuable investment opportunity.
Shapoorji Pallonji’s Vicinia is one of the best residential projects to discover as you look to invest in the Chandivali region. To know more about the Vicinia project, visit – https://shapoorjirealestate.com/residential/vicinia/.
Originally published at http://realestateandepc.wordpress.com on April 19, 2023.
