Reasons to Invest in Chandivali near Powai

 

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.

Phases of Hinjewadi and real estate investment opportunities

 

About Hinjawadi

Hinjawadi, also known as Hinjewadi, is a neighbourhood on the outskirts of Pune. Hinjawadi was a forested and agricultural area, a village tucked away from the sight of urban dwellers. However, due to large-scale developments in the past two decades, Hinjawadi is one of the prime locations in the country’s IT and residential sector today.

This article traces the transformation of the Hinjawadi area while exploring reasons to take note of this area and the gamut of investment opportunities it houses.

Important landmarks in the transformation of Hinjawadi

Development of the IT sector in Hinjawadi

The entire country has taken note of the rapid growth and development of Hinjawadi as an IT hub in recent times. The Rajiv Gandhi Infotech and Biotechnology Park, which spans 2800 acres, houses Indian and global companies like Infosys, Wipro, and Cognizant. The Hinjawadi region is also home to top IT and other companies.

The Hinjawadi MIDC, where most IT companies have offices, is divided into three phases. We will look at them in brief:

Apart from this, the plan to develop more phases is underway.

Development of the real estate sector in Hinjawadi

With the rise of the IT empire, there was a massive requirement for jobs which saw the flourishing of the real estate industry in Phase I and II. Some of the biggest names in the Indian real estate sector realised the development of Hinjawadi and constructed premium residential spaces in the region. Some include Shapoorji Pallonji, Pegasus Properties, and Kohinoor Group.

Today, Hinjawadi is called Pune’s Silicon Valley and has considerable demand and supply of residential spaces. Over 1.5 lakh people work in this area, and the job requirements keep increasing. According to 99acres.com, the real estate rates in Hinjawadi have risen by 20%. The development of the Hinjawadi-Shivaji Nagar Metro and the Pune Ring Road will further provide travelling ease for the residents in Hinjawadi.

Immense investment opportunities in Hinjawadi

Due to all these reasons, Hinjawadi has attracted investors due to its significant real estate price appreciation, increased offering, and rapid development in recent years. Apart from the IT Sector, the Hinjawadi area also boasts of housing some of the top educational institutions in the country, like the Symbiosis International University, Mercedes Benz International School, and Blue Ridge Public School. A range of entertainment spaces, including restaurants, bars, pubs, malls, retail outlets, and parks increases the desirability of living in Hinjawadi.

Shapoorji Pallonji, the curators of iconic projects globally over the past 150 years, have developed two stunning properties in Phase I — Joyville Hinjawadi and Joyville Sensorium Hinjewadi. These two properties are among the finest residential spaces in the area. To know more about these properties, visit — https://www.joyvillehomes.com

Originally published at http://realestateandepc.wordpress.com on April 17, 2023.

Why you should invest in Virar?

 

Virar is a suburban town in the northern part of the Mumbai Metropolitan Region in Maharashtra, India. It is approximately 60 km from Mumbai and is known for its beautiful beaches, historical sites, and religious places.

The town is also known for its unique blend of traditional and modern culture, making it a popular tourist destination for local and international visitors. Whether you are interested in exploring its history, enjoying its natural beauty, or simply relaxing on its beaches, Virar has something for everyone.

Over the years, Virar has also become one of the prospective destinations for affordable and good-quality homes in the Mumbai Metropolitan Region. It has witnessed a steady growth in property rates in the past few years.

Let us look at reasons why you should consider investing in Virar in 2023.

• Affordable prices: The property prices in Virar are comparatively lower than in many other cities in the Mumbai Metropolitan Region (MMR), making it an attractive destination for those looking to invest in real estate. According to Magicbricks, the cost per square foot ranges from Rs.3,700 to Rs.5,800.
• Good connectivity: Virar is well-connected to Mumbai via the Western Express Highway. The Virar railway station is a major junction on the Western Line of the Mumbai Suburban Railway. The upcoming Virar-Alibaug corridor will further improve connectivity. Metro Line 13, which connects to Virar, is expected to start in 2026.
• Developing infrastructure: The government and many private sector companies are investing in Virar’s infrastructure today, including roads, railways, and civic amenities like hospitals, schools, and parks. Many shopping centres, recreational spaces, and entertainment zones have come up in the area.
• Growing employment opportunities: The Virar-Vasai industrial belt is home to several large industries, including manufacturing, pharmaceuticals, and textiles, providing employment opportunities to locals and migrants alike. It is also close to top commercial and industrial in Mumbai, with seamless road and railway connections.
• Peaceful environment: One of the top features of living in Virar is the peaceful atmosphere of the region, as it is located on the outskirts of Mumbai and away from the hustle and bustle of city life. Virar also has many scenic and green areas that provide soothing relief from the stressful daily routine.
• Proximity to beaches and other destinations: As Virar is close to the coastline, there are many beaches near the region. Stunning beaches like the Rajodi, Navapur, Arnala, and Kalamb Beaches are all nearby. Furthermore, Virar is also close to historic destinations like the Vasai Fort and the Arnala Fort. There are also many resorts, hotels, adventure camps, and religious places of worship in and around the Virar region.

Overall, Virar offers a good combination of affordability, connectivity, infrastructure, employment opportunities, and natural beauty, making it a great place to invest in real estate. Shapoorji Pallonji’s Joyville Virar is one real estate development to consider in Virar.

To know more about Joyville Virar, its prices, and offers, visit https://www.joyvillehomes.com/joyville-virar/ today.

Originally published at http://realestateandepc.wordpress.com on April 12, 2023.

10 Tallest Residential Buildings in Mumbai

 

Mumbai, the commercial and financial capital of the country, is known for its iconic skyline that showcases some of the most stunning pieces of architecture in the country. Mumbai also has the highest number of skyscrapers and high-rise buildings in India. Some of these buildings are the tallest projects in the city and country.

Let us look at the ten tallest buildings and towers in Mumbai.

• Palais Royale

Image Source – https://en.wikipedia.org/wiki/Palais_Royale,_Mumbai

The Palais Royale is the tallest building in the country at 320 metres, located in Worli. It is still under construction. The construction began in 2008 on the land previously owned by Shree Ram Mills Pvt. Ltd. Talati Panthaky Associates are the architects of this structure. 

• Lokhandwala Minerva

Image Source – https://en.wikipedia.org/wiki/Lokhandwala_Minerva

The Lokhandwala Minerva is an under-construction skyscraper located in Mahalaxmi. The construction of this 300-metre tower began in 2011 and is due for completion this year. The project is designed by Lokhandwala Infrastructure. It has 79 floors consisting of 3 and 4 BHK luxury residences. 

• World One

Image Source – https://en.wikipedia.org/wiki/World_One

World One is a luxury residential project constructed by the Lodha Group. This project is 282 metres tall (originally planned to be 442 metres tall) and has 76 floors. It is currently the tallest completed residential building in Mumbai and India. 

• World View

The World View is the second tallest completed residential building in Mumbai and India, designed by the Lodha Group. The construction was completed in 2020. It stands tall at 277.6 metres and has 73 floors. It is located next to World One in Lower Parel. The building offers luxury 4 and 5-BHK residences. 

• The Park

Image Source – https://housing.com/in/buy/projects/page/38579-lodha-park-by-lodha-group-in-lower-parel

The Park is a 14-tower residential project designed and constructed by the Lodha group. Each tower stands at 268 metres and has 78 floors. The Park is located in Worli with 2, 3, and 4 BHK luxury residences.

• Nathani Heights

Image Source – https://en.wikipedia.org/wiki/Nathani_Heights

Nathani Heights is a 262-metre residential skyscraper at Lamington Road, Mumbai Central. The construction began in 2012 and was completed in 2020. It has 72 storeys and offers 3 and 4 BHK apartments. The apartments are certified ‘Green Homes’ under the Indian Green Building Council.

• Imperial Towers

Image Source – https://www.shapoorjipallonji.com/project/The-Imperial

These iconic towers were constructed by the Shapoorji Pallonji Group in 2010. These towers have won the Asia Pacific Property Awards for property design. The towers stand at 254 metres and have 60 storeys each. The Imperial Towers are located in Tardeo and were the tallest residential buildings in Mumbai from 2010-2019. 

• Ahuja Tower

Image Source – https://www.squareyards.com/mumbai-residential-property/ahuja-tower/5842/project

The Ahuja Tower is in Prabhadevi. This tower is 249 metres tall and has 54 storeys. It offers 4 and 5-BHK apartments along with luxury penthouses. The Ahuja Tower is known for its stunning design, glazed facade and crowned top. It was designed and constructed by the Ahuja Group in 2015.

• One Avighna Park

Image Credit – https://en.wikipedia.org/wiki/One_Avighna_Park

The One Avighna Park is a twin-tower residential project 247 metres tall. The project offers 3, 4, and 5 BHK flats and is located in Lower Parel. These towers have been awarded over 40 national and international awards and are recognised as platinum-rated green buildings. 

• Crescent Bay Tower

Image Credit – https://www.99acres.com/l-and-t-crescent-bay-parel-south-mumbai-npxid-r11366

The Crescent Bay Tower is constructed jointly by L&T Realty and Omkar Group. The project consists of six buildings and is 239 metres tall. Each building has 63 floors with 2, 3, and 4 BHK luxury apartments. 

A standout among these buildings has to be the Imperial Towers by Shapoorji Pallonji, a project that has been an iconic part of the city since its completion. The developers of this project, Shapoorji Pallonji, are known for their 150+ year legacy of creating monumental landmarks in the country and beyond.

To learn more about Shapoorji Pallonji, visit – https://www.shapoorjipallonji.com

Originally published at http://realestateandepc.wordpress.com on March 30, 2023.