Chandivali, Mumbai

Chandivali sits in Central Mumbai's suburbs, sandwiched between the IT corridor of Powai and the commercial belt of Andheri East. Chandivali, located between Powai and Andheri, has emerged as a highly desirable residential destination in Mumbai. Once a small agrarian village anchored around Tunga, it was formerly a small village mainly rooted in agriculture, and during the British colonial period, the area saw significant development in its urbanization and infrastructure. Today it carries pin code 400072 and has grown into one of Mumbai's established mid-to-premium residential markets.

The locality's appeal rests heavily on its business connectivity. Chandivali is in proximity to several industrial estates, such as SEEPZ, MIDC, Chakala Industrial Area, and has many business parks & establishments, including Tech Mahindra Limited, Kensington SEZ. WIPRO, Infosys, Parle, Hexaware Technologies, LIC, Abbott Healthcare, Glenmark Pharmaceuticals, IBM, and CRISIL have offices set up in and around the vicinity. This dense corporate presence keeps housing demand and rental interest steady across configurations.

On real estate values, Chandivali sits in the premium bracket for Central Mumbai suburbs. Average property rates per square feet in Chandivali, Mumbai for flats stood around Rs 33,200 per sq ft. Over time, flat rates in Chandivali changed by 7.4% in the last 1 year, 17.5% in the last 3 years, 25.3% in the last 5 years and 35.5% in the last 10 years. The locality has both budget and luxury options - Chandivali has Mid-Segment and Premium Projects available.

Established names have already built here, giving the micro-market credibility. Popular societies for buying an apartment in Chandivali include Shapoorji Pallonji Vicinia, Nahars Amrit Shakti and Godrej Urban Park - among the most preferred societies known for their livability, quality and location. SOBHA's entry adds to this growing list of reputed developers active in the neighbourhood.