Demand for property in Wadala has gone up hugely over the last few years since the transformation of this area into a coveted residential destination. Wadala offers several premium and luxury housing options to buyers and developers like the Dosti Group, Lodha, Kamla and Ajmera are highly active here. Several well occupied and near possession projects are located in the area while 2 and 3 BHK housing units are predominantly available here.Wadala is a major residential locality and has its own railway station (Wadala Road) on the Harbour Line of the suburban railway network in Mumbai. Wadala lies within city limits and is well linked to areas like Sewri, Dadar and Matunga. The MMRDA is also planning to construct a truck terminus on the eastern border of the area for making centralized transport of goods more convenient. The Chembur-Wadala monorail project is a major connectivity booster in the area and links the area to Lower Parel which is a prominent office zone in Mumbai. With metro railway also being diverted to Wadala and connected to the monorail, real estate activity has taken off hugely in the area over the last few years. The Eastern Freeway is another major connectivity driver for Wadala. Wadala is strategically connected to several business hubs across the entire MMR.Wadala is also well connected to Mahalaxmi and Lower Parel along with other business destinations. Wadala is home to several reputed educational institutions like the University Institute of Chemical Technology, Vidyalankar Institute of Technology (VIT), Veermata Jijabai Technological Institute, SNDT Women’s University, Auxilium Convent High School and Khalsa College and the Dr Ambedkar Commerce & Law College. The SIWS College is also located near the Wadala railway station while the area is also home to one of the largest bus depots in Mumbai. The Aditya Jyot Eye Hospital and Ackworth Leprosy Hospital are also present in the area. Property prices have gone up by approximately 0.75% in the area as per Q3 2015 and average prices stand at around INR 20, 057 per sq. ft. here for the same period. Popular projects include Dosti Group Ambrosia, Lodha New Cuffe Parade, Dosti Group Florentine, Lodha Evoq, Neumec Overture and Sanghvi Heights to name a few.
