Overview of Khar West, Mumbai

Location and Popularity

Khar West in Western Mumbai is a coveted locality, renowned for its elite spot and buzzing vibes. It's one of the top picks in the city, drawing both residents and investors due to its convenience and amenities.

Property Types and Availability

Mostly, you will find apartments of various sizes like 1 BHK, 2 BHK, 3 BHK, and 4 BHK flats here. Besides, you also get other kinds of properties such as builder floors, commercial spaces, shops, and some standalone houses.

Property Rates

Typically, Khar West, Mumbai sees property rates range from:

• ₹27,142 to ₹81,871 per sqft. Averages sit around ₹47,167 to ₹58,150 per sqft. For specific properties:
• 1 BHK flats: ₹88.5 lakhs - ₹2.44 crores
• 2 BHK flats: Higher prices usually than 1 BHK, but varies.

Rental Market

Renters can find furnished and semi-furnished apartments. Example prices include:

• 2 BHK apartments: ₹1.4 Lacs to ₹2 Lacs for 750-1000 sqft per month.
• Larger ones, like 3 BHK and 4 BHK, follow a similar pattern but with higher rates based on size and amenities. Commercial spaces, shops, and rentals vary too.

Price Trends and Appreciation

Recently, Khar West is seeing a positive trend:

• 6.54% rise in property rates in the last year.
• Flats saw a 1.9% increase over the last year, jump of 9.1% over the last 3 years, 3.2% in the last 5 years, and a whopping 13.8% in the last 10 years. Builder floors have also gained: 4.3% last year, 12.6% over the past 3 years, and 3.8% in 5 years.

Amenities and Infrastructure

Khar West is linked well with major transportation hubs. Residents have good access to hospitals, schools, shopping centers, and fun spots. The area boasts a reputation for being safe and secure, making it a hit for families and individuals.

PropertyWala's Conclusion

Khar West, Mumbai, stands out for buyers and renters alike due to its prime spot, diverse property options, and steady appreciation in prices. This area combines comfort, convenience, and luxury for a premium living experience in Mumbai. Nevertheless, future buyers and renters should carefully check market trends and prices to make well-informed decisions.