Overview of Chandivali, Mumbai

Location

A residential suburb in the northeastern part of Mumbai, Chandivali lies within Andheri East. Connected via the Jogeshwari-Vikhroli Link Road (JVLR) and the Eastern Express Highway, making it easily accessible to other areas. Close to the Powai area, it houses many corporate offices and educational institutions, making it ideal for working professionals and students.

Residential Real Estate

• Mix of Old and New Developments: Chandivali has both old and new residential developments, featuring high-rise apartment complexes and gated communities.
• Property Prices: Starting at around Rs. 8,400 per sqft, you’ll find properties averaging Rs. 20,675 per sqft, with the most expensive priced at up to Rs. 30,979 per sqft.
• Affordability: More affordable compared to other Mumbai localities, it is a favorite spot for buyers and investors.

Types of Properties

• Apartments: Range from 1 BHK to 6+ BHK.
  • Price range: From 95 Lac to 11.5 Cr.
• Builder Floors: Areas from 900 sqft to 1650 sqft.
  • Price range: From 90 Lac to 2.99 Cr.
• Villas: High-end projects with premium amenities.
  • Average prices vary by project, mostly on the higher end.

Social Infrastructure

• Schools: You will find renowned schools like the Hiranandani Foundation School and the Bombay Scottish School.
• Hospitals: Nearby, you can find well-known hospitals like Hiranandani Hospital and Holy Spirit Hospital.
• Shopping Malls: Close by you will find popular malls such as R City Mall and Powai Plaza in Powai.

Recreational Options

• Parks and Open Spaces: Chandivali Studio Garden and Nahar Amrit Shakti Park are major recreational spots.
• Powai Lake: Offers beautiful boating and picnic spots.
• Sports Clubs and Gyms: Nahar Sports Club and Andheri Sports Complex provide great facilities for residents.

Rental Options

• Flats for Rent: Various 2 BHK and 3 BHK flats, including fully furnished, semi-furnished, and unfurnished options.
  • Rent range: Wide variation, including around ₹80,000 per month for unfurnished 3 BHK apartments.

Property Trends

• Year-over-Year Growth: There is a 4.34% fall in property prices in Chandivali compared to last year, indicating a slightly declining market trend.
• Current Market: Despite the dip, the area still promises good returns if you buy or sell properties because of its growth potential.

PropertyWala's Conclusion

You will find Chandivali an excellent option for property buying or renting in Mumbai. Its strategic location, excellent social facilities, and affordable property prices make it attractive. It caters to many budgets and preferences with its wide range of property types. Though the market shows a small decline in property rates currently, Chandivali remains a promising choice for long-term investment due to its connectivity and growth prospects.