Summary For Kandivali East
Location Summary: Kandivali East
Kandivali East is a popular residential area in the western suburbs of Mumbai. It is a well-connected location with easy access to the Western Express Highway and Western Railway Line. The area is known for its good infrastructure, schools, hospitals, and shopping centers, making it a popular choice for families and professionals.
Rental Rate: The average rental rate in Kandivali East is ₹47 per square foot. This is relatively affordable compared to other popular residential areas in Mumbai.
Sales Transactions: There were 2,878 sales transactions in Kandivali East in the last year. This indicates a healthy demand for properties in the area.
Gross Sales Value: The total gross sales value of properties in Kandivali East was ₹2,789 crore. This indicates a strong real estate market in the area.
Current Rate/Sq.ft: The current rate per square foot in Kandivali East is ₹20,313. This indicates that property prices in the area are relatively high.
Overall, Kandivali East is a popular residential area with good infrastructure and affordable rental rates. The strong real estate market in the area indicates that it is a good location for property investment.
Top Selling Projects for Kandivali East
If you're looking for the top-selling projects in Mumbai's Kandivali East, look no further than this list of the best properties available. These projects offer a variety of options for buyers looking for a new home or investment opportunity.
At the top of the list is SD Shapoorji Pallonji Sarova, which boasts a sale or rent value of ₹270 Cr. This project has seen a recent increase in value, with a current rate of ₹25,345 and a change value of +₹167.
Lodha Woods is another great option, with a sale or rent value of ₹200 Cr. Its current rate is ₹23,075, with a change value of +₹269.
Rajesh White City is a popular project with a current rate of ₹23,852 and a sale or rent value of ₹149 Cr. Although it has not seen a recent change in value, it remains a highly sought-after property.
Other top projects on the list include UK Iridium with a sale or rent value of ₹119 Cr, and Sethia Pride with a value of ₹108 Cr. Both of these projects have seen recent changes in value, with UK Iridium boasting a change value of +₹613 and Sethia Pride remaining steady.
Kalpataru Vienta, Viceroy Savana, A And O F Residences, Godrej Nest, and Gundecha Greens round out the top ten projects on the list. Although some of these projects have seen a decrease in value, they still offer excellent opportunities for buyers looking for a new home or investment.
Overall, these top-selling projects by value offer a range of options for buyers in Kandivali East in Mumbai. Whether you're looking for a luxurious high-end property or a more affordable option, there's something for everyone on this list.
Price Trend For Kandivali East
Location Sales Trend - Kandivali East
Kandivali East is a popular suburb in Mumbai, known for its excellent connectivity to major areas of the city and a range of residential properties. The location has seen a steady rise in property prices and transactions, making it a lucrative investment option for homebuyers and investors.
As per the latest data, the average rate per square foot in Kandivali East for Q1'22 was Rs. 21,948, which slightly decreased to Rs. 21,801 in Q2'22. However, the third quarter saw a positive trend with the average rate per square foot rising to Rs. 21,985. The fourth quarter and Q1'23 saw a marginal dip in prices, with the average rate per square foot being Rs. 21,927 and Rs. 21,829, respectively.
In terms of transactions, Q1'22 saw 611 property transactions in Kandivali East, which reduced to 379 in Q2'22. The third quarter again saw a positive trend with 297 transactions, followed by a slight increase in Q4'22 with 378 transactions. Q1'23 saw a similar trend with 374 transactions in the location.
Overall, Kandivali East has seen a steady rise in property prices, making it a promising location for investment. The location's excellent connectivity, availability of social infrastructure, and a range of residential properties make it a preferred destination for homebuyers. The trend in transactions indicates a stable demand for properties in Kandivali East, making it a reliable investment option.
