Overview of Wadala East, Mumbai

Location and Popularity

Wadala East, positioned in Mumbai South, is a favored and in-demand neighborhood. Known for its residential and business real estate, it draws in both buyers and renters.

Property Types and Configurations

• Wadala East mainly has apartments in different sizes, including 1, 2, and 3 BHK flats.
• There are high-rise, pet-friendly, and partly or fully furnished apartments in this area.

Property Rates and Price Trends

Average Property Rates

• On average, one can expect property rates around ₹34,200 per sq ft in Wadala East
• Different sources suggest the average price ranges from ₹26,881 to ₹34,200 per sq ft.

Price Range

• Prices for a 2 BHK apartment range approximately from ₹1.8 crore to ₹2.92 crores.
• Starting prices are as low as ₹17,488 per sq ft, escalating to ₹41,379 per sq ft.

Rental Prices

• The rental for 1 BHK apartments varies between ₹34,000 to ₹38,000 per month.
• Rental for a 2 BHK apartment can range from ₹50,000 to ₹75,000 per month.

Price Appreciation and Growth

• Significant appreciation in property rates:
  • 10.7% in the past year.
  • 18.3% over the last three years.
  • 16.7% over the past five years.
  • 20.2% over the last ten years.
  • A year-on-year increase of 17.34%.

Notable Areas Within Wadala East

• Bhakti Park: Known for its residential apartments with varying sale prices ranging from ₹17,488 to ₹47,435 per sq ft.
• Sangam Nagar and Deen Bandhu Nagar: Other sections within Wadala East, each with different property trends.

Real Estate Market Dynamics

• The area is thriving, making it an ideal moment to invest in properties.
• The market's dynamic nature with constant updates on property values adds benefits for both investors and homebuyers.

PropertyWala's Insights

Wadala East, Mumbai, offers a strong option for those wanting to explore buying or renting property. Its active real estate market, notable price escalation, and diverse property options make it desirable for both living and investment. To secure the best investment or lifestyle, keeping up to date on the latest property trends and market advancements is key.