Ask these 5 questions before buying a property in Kandivali ?
If you are planning to buy a property in Kandivali, whether it’s a 1 BHK flat in Kandivali east or 2 BHK flats in Kandivali West, there are some important things to keep in mind before making the decision. Make sure you ask these 5 questions before buying
a property in Kandivali:-
1. Is Kandivali the best location to buy a property? Specially among the Mumbai-suburb region?
2. Are the properties in Kandivali surrounded by all the necessary amenities for you and your family?
3. Is this the right time to make an investment in Kandivali with recent property trends?
4. Is your property RERA compliant?
5. What are the future property trends and profit if you put your Kandivali flats for sale?
Now that you know what questions to ask, let us find out the answers to these questions which may help you make the perfect decision.
Kandivali- A prime property location in Mumbai
Kandivali is located in North Mumbai divided into East and West as most of the other suburbs in Mumbai. It is one of the oldest residential places which have seen so much development and transformation in last decade or so. It is one of the prime locations for buying or selling properties with more than hundred active projects. This high demand and supply of real estate properties in Kandivali are due to several factors like increasing urban population, attractive commercial centers and its connectivity to major cities.
The high population has led to the modernizing of cities like Kandivali. The urban infrastructure, transportation facilities and quality of life has improved remarkably. This has led to increased buyer interest in this area and everyone wants to own a property in Kandivali .
The road connectivity to major places like Bandra Kurla complex, Goregaon and Andheri are available. The metro is supposed to make transportation better in near future. There are many well-known schools like Cambridge school, Gundecha Education Academy, Thakur International school. Several best hospitals like Kokilaben Dhirubhai Ambani Hospital in Andheri is only 15 km from Kandivali along with city hospitals. There are best of shopping complexes and malls to cater your further needs. The Chhatrapati Shivaji Airport terminal is approximately 40 minutes from Kandivali east or west. The city, therefore, contains the necessary amenities to lead very satisfactory life.
Current property trends
Kandivali is one of the fastest growing real estate markets in Mumbai. Current trend suggests that there is high demand in Kandivali West with most buyers interested in 1 BHK and 2 BHK flats in Kandivali West. The implementation of RERA has given more power to the buyers and brought transparency and accountability. This has increased the consumer confidence as well as investment opportunities in Kandivali. The demonetization and the recent GST along with RERA regulations has led to slightly lowered prices and reduced resale value on Kandivali flats for sale. This shows that it is a good time to invest in a property in Kandivali right now. The various ongoing and upcoming residential projects in Kandivali West include Mayfair Greens, Ruparel Palacio, Bhavya Heights, Acme group etc.
RERA compliance a must
RERA which came into effect on May 1, 2017, in Maharashtra has made strict regulations. It has ensured timely delivery of projects, better quality of flats and standards and guidelines for builders to follow. There is a penalty of 10 % as well for non-compliance with the act. Therefore, it is a must to look for properties in Kandivali where the majority of all the properties are RERA registered.
Future trends in Kandivali.
It is difficult to project the future trends in real estate properties with the fluctuating market and economy. But it is expected that the residential demand will increase by the end of the year and the real estate sector will restructure its business model quickly. This may indicate better prospects if you choose to put your Kandivali flats for sale by the next year or so.
If you are satisfied with the answers to the 5 questions and have decided to buy flats in Kandivali, you can take the next step. Find a huge list of RERA compliant properties, upcoming projects, and builders to choose your dream property in Kandivali at Magic Abode. It is a leading real estate platform focused on Maharashtra with 30 years of experience providing smart property solutions. Visit http://magicabode.com/