Location and Connectivity

Kannamwar Nagar 1, situated in Vikhroli East, Mumbai, stands out for its great connectivity and strategic spot. Here are essential aspects:

• This area is close to key transportation hubs, including Vikhroli and Kanjurmarg railway stations, roughly 3 kilometers away.
• It’s also near the Eastern Express Highway and a future metro station, ensuring high accessibility.

Property Prices and Trends

Average and Range of Prices

• The average cost per square foot in Kannamwar Nagar 1 is ₹18,042, with prices between ₹11,530 and ₹21,621 per square foot.
• Year over year, property rates have seen a significant 12.24% rise, reflecting a solid and growing market.

Types of Properties

• There are various choices for buyers, offering 1 BHK and 2 BHK apartments, both ready and under-construction.
• You can find properties in societies like Shraddha Privilege, Gurukrupa Anantam, and others. Each one provides distinct lifestyles and amenities.

Budget Range

• Properties span various budget ranges:
  • Under ₹20 Lakhs: Fewer choices
  • ₹50 Lakhs to ₹75 Lakhs: Several options
  • ₹75 Lakhs to ₹1 Crore: Multiple options
  • ₹1 Crore to ₹2 Crores: High-end options.

Amenities and Facilities

• These places come with amenities like a power backup, jogging tracks, lifts, rainwater harvesting, and ATMs.
• The region is well-served by nearby schools, hospitals, markets, and other essential facilities, enhancing the quality of life.

Rental Market

• Renting 1 BHK flats here, average rent ranges from ₹26,000, though options might be limited as compared to buying.

Developer and Project Highlights

• Developers like Shraddha Developers dominate this area with their professional approach and quality constructions.
• Projects such as Ashapura The Rising 58, Vaibhavlaxmi Central Park, and GS CASA offer well-designed residential units with good connectivity and amenities.

PropertyWala's Conclusion

Kannamwar Nagar 1, Mumbai, offers a promising investment for buyers and investors due to its increasing property prices, excellent connectivity, and modern amenities. With a variety of budget-friendly properties, it’s suitable for many seekers from those looking for affordability to those seeking luxury residences. Its proximity to key infrastructure and reputable developers makes it a desirable place to live and invest. To sum it up, this locality is a great choice for those looking to invest or reside in this part of Mumbai.