Wadala East has a Number of Growth Drivers for Residential Realty Market

Posted by Sanjana Murya
5
Jul 15, 2015
127 Views
Wadala in central Mumbai is a clear example that drives real estate demands due to the growth drivers in the area. These growth drivers invite both buyers and developers in the area to invest in the new apartments in the locality. Development to a major commercial district by the MMRDA has made a strong impact on the realty market. The following article talks about Wadala and the new developments taking place in the area.

One of the major reasons that buyers tend to shift their focus to Wadala is its proximity to Bandra Kurla Complex (BKC) that is house to a number of corporates and financial companies. The Mumbai Metropolitan Region Development Authority (MMRDA) has taken a number of initiatives to convert this area into a commercial locality. Other than the efforts of MMRDA, infrastructural developments like the monorail and sea link has huge effects on the real estate market of Wadala.

Other than these, the improved connectivity through the Kurla-Santacruz flyover, Anik Panjarpol Link Road, Masjid Bridge and Byculla Bridge brings add on advantages to the residents based in Wadala. The central suburb of Mumbai also has connectivity to rest of the Mumbai through the life of Mumbai known as the local train system.
Looking at the benefits of the locality, a lot of developers have come up with a number of new projects in the areas. Taking a look at some of these below:

Ajmera Zeon

A residential development by the Ajmera Group, Ajmera Zeon is a super luxury high rise project in Wadala. The high rise project has beautifully designed 2BHK, 3BHK and 4BHK apartments in different size variants. A 2BHK apartment in Ajmera Zeon is of 1395 square feet area and priced at 2.7 crore, 3BHK is of 2340 square feet and priced at 4.53 crore and a 4BHK apartment is of 3285 square feet in size and priced at 6.36 crores. The project is equipped with a number of luxurious amenities that include a club house, swimming pool, and gymnasium, rooms for indoor games, outdoor sports areas, and play area for children, security system and a multipurpose hall.  Also the luxurious apartments have lavish specifications like lavish floors, quality tiles, high ventilation and robust bathrooms.

Dosti Ambrosia

Spread over 25 acres of land, Dosti Ambrosia is a residential development by the Dosti Realty that offers 2BHK and 3BHK apartments. The apartments are priced in between 2.7 crore and 3.07 crore. The apartments have proximity to most of the commercial complexes in Mumbai. The project 30% open space. The location advantage of the project includes proximity to the Wadala or Dadar railway station, CST, BKC, Churchgate, Airport and a number of educational institutions and hospitals. The amenities that the project offers include a club house with gym and swimming pool, meditation centre, a shopping centre, sports facility for indoor and outdoor games, restaurant and play area for children.

Last Words

A locality that is sandwiched in between eastern sea bora and Eastern seaway and infrastructural developments like the monorail and sea link, the demand in the housing sector in Wadala is on the positive curve. The area is not only suitable for the end-users but the coming years are expected to give promising returns.


Akansha Arora
is a professional writer and blogger who loves to pen down her views on a number of topics that interest a reader. She writes keeping in mind the current scenarios and wishes to keep her readers well informed. You can follow her on google.com/+AkanshaArora2112

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