Kanjurmarg transforms into coveted realty hotspot in Mumbai

Kanjurmarg has steadily transformed into one of Mumbai’s most coveted residential real estate neighbourhoods with premium projects like Runwal Bliss, Runwal Forests and Kanakia Spaces Zen World coming up here. The growth of the area has majorly been attributed to its comparatively affordable average property rates in comparison to nearby areas such as Mulund, Powai and Ghatkopar. There are several mid-range and luxury real estate projects that are being developed in Kanjurmarg. Prices have also appreciated in the locality by roughly 4% on a quarterly basis for Kanjurmarg East while this stands at approximately 2.7% for Kanjurmarg West. Kanjurmarg is also reaping the benefits of well-developed social infrastructure. There is easy access to the Huma Mall, D-Mart and R-City Mall along with shopping and entertainment areas in Powai. Kanjurmarg is well connected, accessible, affordable and well-developed. Kanjurmarg and Bhandup are now becoming mixed-use hotspots with both premium residential units and commercial properties alike. They are now giving competition to other well developed areas in the central suburbs such as Powai, Ghatkopar and Mulund. The Eastern Express Highway has boosted connectivity for residents along with the Eastern Freeway and Jogeshwari-Vikhroli Link Road (JVLR). This is why well-known real estate players are coming up with projects in Kanjurmarg. The area is well connected to business districts at Powai, Thane and the Bandra-Kurla Complex (BKC) along with South Mumbai through the LBS Road, Eastern Freeway, Eastern Express Highway, JVLR and SCLR. There is also good connectivity through the Western and Harbour railway lines. The area is also home to several business zones like the Akruti Corporate Park, Eastern Business District, Supreme Business Park, Lodha iThink Techno and many others. Leading corporates like Godrej, Accenture and L&T have established their campuses nearby as well. Industrial land conversion has helped real estate developers unlock huge residential value in Kanjurmarg. There are several gated communities here which are preferred by businessmen and young corporates alike for the good location, strategic connectivity to business districts in Mumbai and developing infrastructure across the Eastern Freeway and Eastern Express Highway.