Overview of Alika Nagar, Mumbai

Location

Alika Nagar rests within Kandivali East, Mumbai, being part of a suburban region boasting better connectivity and amenities than other suburban areas.

Property Prices

• Sale Prices:
  • A majority (60%) of homes for sale in Alika Nagar cost between ₹1.6 Cr to ₹1.8 Cr.
  • Another 20% fetch between ₹80 Lac to ₹1 Cr.
  • Moreover, some ready-to-move flats can be purchased at lower prices such as ₹79 Lac for an unfurnished apartment.
• Rental Prices:
  • Flats for rent in Alika Nagar vary from ₹42,000 to ₹43,350 each month, depending on the apartment configuration (1-5 BHK).

Property Types and Availability

• Apartment Types:
  • For sale, the most common is the 2 BHK apartment.
  • For rent, options range from 1 to 5 BHK.
• Building Characteristics:
  • Often structures are found in multi-storeyed buildings extending up to 7 storeys.

Cost per Square Foot

The price per square foot in Alika Nagar averages around Rs. 19,567.

Additional Costs

One should ponder additional expenses like maintenance charges, typically about Rs 2,500 monthly.

Amenities and Infrastructure

• Connectivity:
  • Benefiting from Kandivali East's location puts Alika Nagar in a prime position with robust public transport links to Mumbai's diverse locales.
• Local Amenities:
  • Local markets, schools, hospitals, and essential services are available although specific details could differ.

PropertyWala's Conclusion

In Kandivali East, Mumbai, Alika Nagar provides a blend of affordable yet high-end residential choices. For buyers, a wide range of price points is on offer catering to various budgets. The average price per square foot remains competitive, ensuring varied apartment types address numerous requirements. Renters can enjoy a stable yet moderately priced rental market. Remember to factor in additional costs such as maintenance fees when deciding. Ultimately, Alika Nagar stands out as a favorable choice for individuals looking to invest or dwell in a suburban Mumbai area that features well-connected and enriched amenities.