Tuesday, 25 July 2017

Why Wadala Makes For A Good Future Prospect?

Wadala is one of the prime locations in Mumbai which is developing at a tremendous pace which makes sure that Wadala will have a great future prospect, for the investors and the developers of residential property in Mumbai, Wadala has become one of the most lucrative locations. In the past five years the property market of Wadala has been constantly increasing at an increasing rate. Just a decade earlier, the price of properties was as low as on 2800 rupees per square feet and it has risen to about 14000 rupees per square feet a few years earlier. With the announcement of several developmental projects in Wadala, a huge number of people from South Mumbai have started relocation to Wadala thinking it to be the perfect destination.

The Factors of Making a Good Future Prospect

There are numerous factors that plays a significant role in giving Wadala a bright future prospect are as described below.
  • First and foremost, the increase in the number of infrastructure projects have a positive implication in the market of real estate in Mumbai Wadala has gained importance as a residential destination because it lies in the vicinity of the Bandra Kurla Complex which is better known as BKC. Being close to the BKC and the development of Wadala into a commercial hub would make the demand ever – rising.

  • Wadala being strategically located benefits a great deal from its good connectivity from the employment hubs located across the Mumbai Metropolitan Region (MMR). The development authority of this region has the intention of developing Wadala in a similar manner as the Bandra Kurla Complex (BKC) which will definitely increase the appeal of the place to a great extent.

  • The Mumbai Metropolitan Region Development Authority (MMRDA) has already planned to divert the metro rail to Wadala and connecting it to monorail & the Eastern Freeway which is definite to make the Mumbai real estate price high. This mono rail project has played a significant role in the improvement of the accessibility to the Eastern and the south - eastern regions of Mumbai which was extremely necessary.

  • Wadala is very well connected by roads and railways making it extremely convenient to travel to any of the places in Mumbai. Thus, easier and abundant transportation facilities make the future prospect of Wadala a very bright one.

  • Apart from being connected excellently with all the key localities of Mumbai, the presence of high quality educational institutions, renowned hospitals, several retail outlets, shopping malls, good hospitals and supreme entertainment facilities simply changes the appearance of the place. Thus, with all the modern facilities available adds a great deal to the price of Mumbai real estate.

  • One can see the several launches in the premium segment and this indicates that Wadala has gained an important place in the residential markets of Mumbai. The famous Lodha Group of Mumbai has taken up several projects here. The premium buildings with luxurious facilities like parks, swimming pools gymnasiums etc. is more than enough to be a contributing factor for the future prospect of Wadala. 


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