As urbanization picks up in India, so does the property investment locations across major cities. These days as the established property locations are reaching a saturation point, the ripple effect makes way for the rise of several residential sub-markets in India. One such residential sub-market that is becoming increasingly popular in Mumbai as a result of its competitive pricing and state-of-the-art infrastructure, is Wadala.
The new residential projects in Wadala are facilitated with plush amenities and are compliant with current development laws. Some of the real estate drivers that have resulted in a good sales traction for various residential projects in Wadala are physical infrastructure, employment, access to social infrastructure, connectivity to major locations, etc.
Over the last decade, Wadala has shown significant transformation from merely being an industrial area to an upcoming residential location. Its close proximity to Banda-Kurla complex (BKC), a commercial hub in Mumbai, has spurred large-scale residential development. Perfectly nestled between the suburbs and South Mumbai, Wadala offers strong connectivity to most parts of the city by, both roadways and railways. Infrastructural developments, such as the Chembur-Wadala monorail, Kurla-Santacruz flyover, and the Eastern Freeway, have served as ‘pull factors’ leading to an increase in the residential property in Wadala and spiked up property values. As a result, more and more top builders in Mumbai are keen on constructing luxury apartments in Wadala.
The presences of renowned educational institutions, multi-specialty hospitals, theaters, and malls, in the vicinity, have turned Wadala into a lucrative residential market. Over the last halfdecade, the property prices in Wadala have shown a stupendous increase of 133% with 1,871 residential units launched till date.
Therefore, anyone who is willing to look beyond the traditional market yet seek a fulfilling investment experience, it’s time to book your property at Wadala – the next big posh residential market in Mumbai.