Chandivali, located in Mumbai's western suburbs, has become a popular choice for both homebuyers and businesses due to its rapid development and diverse housing options. With high-rise apartments, gated communities, and independent houses, there's something for everyone's budget and preference. The area's connectivity to major business hubs and amenities like schools, hospitals, and shopping centers make it self-sufficient. In April, Amaryllis Towers and Plaza were the top-selling buildings, showcasing Chandivali's popularity. Apartments ranged from compact 225 square feet to spacious 944 square feet, with prices per square foot varying from INR 8,889 to INR 32,606. Chandivali's appeal lies in its blend of modern living, excellent connectivity, and affordability, making it a thriving real estate hub in Mumbai.
Chandivali is a rapidly developing residential and commercial locality situated in the western suburbs of Mumbai, Maharashtra. This area has witnessed significant growth and transformation in recent years, making it an attractive destination for homebuyers and businesses alike. Chandivali offers a range of housing options, including high-rise apartments, gated communities, and independent houses, catering to diverse budgets and preferences. The locality boasts excellent connectivity to major business hubs and is well-equipped with educational institutions, healthcare facilities, shopping centers, and recreational spaces, contributing to its self-sustaining nature. With its strategic location and improving infrastructure, Chandivali has emerged as a promising real estate hotspot for those seeking a comfortable urban lifestyle within the vicinity of Mumbai city.
In April, Amaryllis Towers and Plaza emerged as the top-selling buildings, closing 14 deals out of the 34 deals registered in Chandivali. This was followed by Godrej Urban Park and Nisarg CHS which closed 4 deals each. Sahayog CHS and Sukhshanti CHS managed to close 2 deals each. Developer sales and Resale contributed equally which showcases the popularity of Chandivali among homebuyers.
On the high end, a luxurious apartment in Godrej Urban Park commanded a price tag of INR 3.05 crores, attracting luxury homebuyers. Conversely, a budget-friendly option in Sadguru CHS was available for just INR 20 Lakhs, providing an excellent opportunity for value-conscious buyers.
The apartment sizes varied greatly, with the largest unit spanning 944 square feet in Godrej Urban Park and the smallest being 225 square feet in Sadguru CHS. This versatility ensures that Chandivali caters to everyone, from families seeking spacious homes to individuals preferring compact living spaces. Prices per square foot in Chandivali ranged from INR 8,889 to INR 32,606, with an average of around INR 22,176.
Most apartments sold were under 500 square feet in size. However, close to 33% were between 501 - 1,000 square feet. Close to 50% of the apartments sold in April fell within the INR 1 crore range, catering to a large segment of homebuyers. However, the area also caters to luxury buyers, with about 38% of apartments priced between INR 1 crore and INR 2 crores. Additionally, about 10% of the flats were sold between INR 2 - INR 3 crore. There was a single deal which even closed above INR 3 crores.
In conclusion, Chandivali stands as a testament to Mumbai's ever-evolving real estate landscape, offering a blend of modern living and urban convenience. With its diverse housing options, excellent connectivity, and booming infrastructure, Chandivali continues to attract both residents and investors seeking a harmonious balance between luxury and affordability. The recent surge in real estate activity, exemplified by the success of developments like Amaryllis Towers and Plaza, underscores Chandivali's position as a thriving residential and commercial hub within Mumbai's bustling metropolis.
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