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CRE Matrix Micro-market Tracker- Kandivali East Housing Trends

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Emerging as one of the most preferred localities in Mumbai’s Western Suburbs, Kandivali East has witnessed an average increase of 3.1%, on a CAGR basis since 2014.

The recent price increase is largely optical, as developers are giving discounts and extremely flexible payment schemes. Buyer interest is primarily stemmed from affordability, large Community projects by good developers, major new infrastructure projects expected to get operational over the next 2-3 years.

Housing Price Trends


Avg. House Prices in INR per sqft on carpet (Registration Data)

Source: CRE Matrix Home IQ

As per data from registered transactions in Kandivali East, the average capital values have risen by 3.1 % till 2019, on a CAGR basis since 2014, according to the latest CRE Matrix report, ‘KANDIVALI EAST – MICRO-MARKET TRACKER’. “Western-Line Railway Station, Western Express Highway, large Community projects by good developers, affordability upcoming Infrastructure initiatives such as Metro-2, Mulund-Goregaon Link Road, Andheri-Malad Link road have provided considerable buyer interest to the locality in an otherwise overall dull housing market.” said Abhishek Kiran Gupta, Co-founder, CRE Matrix. The avg. bookings-to-launch ratio in Kandivali East has hovered around 0.8 over the past 7 quarters.

The report also added that 1 & 2 BHK constitute more than 75% of total launches and sales in the locality. Although, 3 BHK has contributed around 12-15% to launches and sales, the configuration has recorded the highest bookings-to-launch ratio at 0.62. The report also mentions that the buyers in the locality aspire for 3-BHK units but can afford 2-BHK only (price band between INR 1.5 – 2 Cr).

Around 53% of the units to be completed in 2024 have been booked as compared to only 45% and 23% for those to be completed in 2022 and 2023, respectively. This highlights the fact that buyers are willing to bet on new launch projects with right price points, configuration and amenities. 

Housing Launches and Sales

Source: CRE Matrix RERA Analytics

About CRE Matrix

CRE MATRIX is India’s largest and most preferred real estate analytics provider for leading developers, mall owners, retailers and funds. The company offer a range of cloud-based products that provide real estate intelligence that is critical in conducting research, designing expansion strategies and negotiating property/entity-level deals across all segments of real estate – office, retail, residential, warehousing etc. CRE Matrix has developed proprietary algorithms that relentlessly provide up-to-date information and enable deep data analytics across sectors and geographies. CRE Matrix aims to be the largest custodian of registered information in the real estate sector. 

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