Chandivali: A location fast turning into an attractive proposition for the city’s elite

Chandivali: A location fast turning into an attractive proposition for the city’s elite
20/12/2019 , by , in News/Views

One of Mumbai’s best kept secrets when it comes to connectivity, cost and quality of life, Chandivali ticks all the boxes in favour of a balanced lifestyle and is the preferred choice amongst buyers looking for a leafy, peaceful suburb well connected to the rest of the City.

Nestled between the IT zone of Andheri East and the commercial zone of Powai, and surrounded by nature and mountains, Chandivali is also an IT hub with multinational companies, banks and educational institutions and is a hub for many prominent commercial complexes and business premises like Kanakia Boomerang, Oberoi Garden Estate, LodhaSupremus and film studios like Chandivali Studio.

Over the years, Chandivali has evolved its offering of connectivity, community development, Infrastructure, environment-friendly and civic facilities and is home to one of India’s first premium and luxury residential townships like Nahar Group’s Amrit Shakti.

Homebuyers today are looking at suburbs as a strategic investment spot because of its better social spaces, commercials and residential development opportunities, enhanced by high infrastructure up-gradation and well-executed connectivity lines, all of it at an affordable pricing-wherein one can opt for either a quality affordable living or upgrade to a luxury lifestyle experience very much within the same area. The biggest developer in the Chandivali is the Nahar Group – a real estate group which has practically developed Chandivali into the upmarket modern-day neighbourhood with tree-lined avenues, retail and a leisure club. Over 4500 families hailing from all walks of life call it a home today.

Here are a few factors which make Chandivali a choice of investment destination:

Locational advantage

Chandivali enjoys a tremendous strategic advantage of proximity to vital social and civic infrastructure, with restaurants, malls, cafes and social hangouts within a radius of 1-2.5 km. It’s located 1.8 km from Jogeshwari-Vikhroli Link Road (JVLR)/Powai Lake promenade, 2.7 km from Saki Naka metro rail station, 4.7 km from the international airport, 5.8 km from Eastern Express Highway and 7.4 km from Western Express Highway.

Infrastructure growth & connectivity

The area has seen vast growth in terms of connectivity and infrastructure for the past couple of years. The upcoming Metro Line 6 or the Lokhandwala-Jogeshwari-Vikhroli-Kanjurmarg line, is going to boost public transport and add advantage for people residing in Chandivali.The area is surrounded by commercial hubs such as Andheri and Powai and is well connected to the eastern as well as western suburbs through Jogeshwari-Vikhroli Link Road. The inauguration of the BKC-Chunnabhatti flyover has further enhanced the connectivity of Chandivali to the rest of Mumbai, making the tedious traveling issues seem quite archaic now.

Market performance

Due to the connectivity made easier and so much better, reputed real estate players are looking at Chandivalito offer both affordable housing and luxurious apartments, for patrons seeking an exclusive lifestyle within the city. The locality offers excellent connectivity, lifestyle amenities and going by the market reports, the area has shown nearly a 22% rise (new projects and rental prices) in rates over the last few years.

Work-life balance

With the railway lines well in place alongside the upcoming metro line, Chandivali is coming to become one of the most well-connected areas in Mumbai. Add to this, the other social and infrastructural developments in and around the area, and one has a perfect ambiance ensuring a quality work-life balance. With a corporate corridor being developed along with the locality, living in Chandivali will make the priced dream of working closer to homea reality. In addition, recreational avenues, a slew of restaurants, social and nightlife alongside entertainment too will accentuate the idea of work-life balance.

“The upcoming Mumbai Metro Line 6 is going to boost public transport and improve connectivity. We can expect Chandivali to continue its growth trajectory with a rapid upgradationof infrastructure and amenities in the area. Chandivali promises profitable returns on investment, owing to its infrastructure growth, evolved residential projects coupled with its alluring lifestyle offering, all of which will fast-track the valuation of the location,” said Ms Manju Yagnik, Vice Chairperson Nahar Group and Vice President NAREDCO (Maharashtra).

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