Overview of Kannamwar Nagar 2, Mumbai

Location and Connectivity

Kannamwar Nagar 2 is in Vikhroli East, Mumbai, Maharashtra. It’s along the Eastern Express Highway, giving great links to Thane, Dadar, Chembur, and Vashi. The area is also on Shastri Marg, connecting it with western suburbs like Bandra and Jogeshwari. Vikhroli Railway Station and Bhandup Railway Station are nearby, and Chhatrapati Shivaji Maharaj International Airport is the closest airport.

Property Rates and Trends

• The starting price for properties here is about Rs. 11,641 per square foot, with an average of Rs. 18,031 per square foot. Top-end properties hit up to Rs. 26,744 per square foot.
• For sale, properties go from Rs. 60 lacs to 1 Crore, depending on location, amenities, and condition.

Rental Market

• Monthly rental prices range from Rs. 17,200 to ₹45,000 for different properties. For example, a 2 BHK flat costs around ₹40,000 to ₹50,000.

Amenities and Infrastructure

• Educational Institutions: Major schools are Vidya Vikas High School, ORCHIDS The International School, Don Bosco High School & Junior College, and Udayachal High School. Colleges include Vikas College of Arts Science and Commerce and Asmita College of Arts & Commerce for Women.
• Healthcare: Nearby hospitals include Krantiveer Mahatma Jyotiba Phule Hospital and Godrej Memorial Hospital.
• Retail and Entertainment: Malls like R City Mall and Phoenix Marketcity offer shopping, dining, and entertainment.
• Safety and Security: The area has 24-hour CCTV, advanced firefighting, and guard cabins with intercoms for safety.

Lifestyle and Community

• Kannamwar Nagar 2 is peaceful and community-focused, mixing middle-class families, working pros, healthcare folks, and business owners.
• Residents enjoy diverse cultures, lifestyles, and traditions, engaging in neighborhood activities and festivals.

Development and Appreciation

• Property values here have steadily gone up yearly by around 0.73% over the last five years, with a huge 11.65% boost in the past year alone.

Property Options

• For sale: Apartments from 1 BHK to 5 BHK cost from Rs. 65 lacs to Rs. 1.13 Crores. Options include both ready-to-move and under-construction.
• For rent: 1 BHK and 2 BHK flats available from ₹40,000 to ₹50,000 per month. Often with facilities like AC, gas connection, and parking.

PropertyWala's Conclusion

Kannamwar Nagar 2 in Vikhroli East, Mumbai, mixes affordability, connectivity, and amenities. It’s great for buyers and renters. With steady rental demand, rising property rates, and community lifestyle, this area offers the perfect urban living. Whether you need a ready-to-move-in place or an investment, Kannamwar Nagar 2 has options for all.