Overview of Sunder Nagar, Mumbai

Location and Connectivity

Sunder Nagar, a mid-segment area in Mumbai, lies in the Malad West region. The locality offers excellent connectivity:

• Just 2 km from the Western Express Highway.
• Linked to Majas Depot, Marol Depot, Jogeshwari railway station, Andheri railway station.
• Nearby Chakala and Airport road metro stations.
• Access to SV Road, New Link Road, and Goregaon-Mulund Link Road for connections to Malad and Goregaon.

Infrastructure

The locality features a well-developed infrastructure:

• Medical facilities, such as Uma Maternity Nursing Home, BMC Arogya Kendra, Dr Phadkes Maternity and Surgical Hospital.
• Educational institutions like Shri Ghanshamdas Podhar Vidyalay Rajasthani school, Shree Ram Welfare High School, and several other educational hubs within a 3-4 km radius.
• Shopping and recreational centers such as Crystal Plaza, City Centre Mall, Sangam Big Cinema, and PVR Andheri.

Property Prices

Property prices in Sunder Nagar are rising:

• The average weighted price for apartments is ₹28,850 per square foot (15.4% increase over the last year).
• Some sources indicate an average price of ₹22,582 per square foot with a 4.97% year-on-year rise.
• Price range: ₹16,875 to ₹30,400 per square foot.

Rental Market

For renters:

• Average monthly rent range: ₹34,100 to ₹51,300.
• Popular housing societies include Arkade Serene, Ahimsa Marg, and Dheeraj Pooja.
• Affordable and mid-segment properties with rents starting from ₹55,000 to ₹75,000 per month.

Property Types and Trends

• 1 BHK Apartments are the most popular layout in the locality.
• Over 38 transactions in the last year, indicating active market activity.
• A steady increase in property prices over the past 1, 3, and 5 years (15.4%, 16.1%, and 18.7% respectively).

Pros and Cons

Pros:

• Strong connectivity
• Good social infrastructure and retail facilities
• Close to employment hubs and industrial centers
• Steady capital appreciation and reasonable rent yields

Cons:

• Inadequate parking in some areas
• Frequent traffic jams during peak hours

PropertyWala's Conclusion

Sunder Nagar, Mumbai, offers a good choice for both buyers and renters, thanks to its strong infrastructure and excellent connectivity. The steady increase in property values makes it attractive for real estate investment and residence. Despite some parking and traffic challenges, the area's convenience and affordability make it a promising option in Mumbai.