Infrastructure projects near Wadala in Mumbai are driving the real estate market in the area. Initially, Wadala gained prominence as a residential destination because of proximity to the Bandra-Kurla Complex (BKC). However, with several infrastructure initiatives such as the Chembur-Wadala monorail and the Eastern Freeway, Wadala saw a rapid increase in housing demand, resulting in the doubling of property rates over the past three years.
The Kurla-Santa Cruz flyover, Anik-Panjarpol link road, Byculla bridge and Masjid bridge have improved connectivity to Wadala. The monorail project has improved accessibility to the eastern and south-eastern regions of Mumbai. Until recently, only the western region of Mumbai had attracted significant infrastructure and real estate development. However, this has changed with commencement of the monorail, coupled with the Eastern Freeway. The planned rollout of phase-II of the monorail will help improve connectivity of this area with Lower Parel, the other emerging Convention on Biological Diversity of Mumbai. This phase should become operational by 2016. This will link Wadala with Lower Parel, Jacob Circle and Mahalaxmi.
Besides, the presence of numerous quality educational institutes in Wadala such as Veermata Jijabai Technological Institute, Khalsa College, the University Institute of Chemical Technology, Dr Ambedkar Commerce & Law College and SNDT Women's University drives the demand for residential properties. Wadala also houses some renowned hospitals such as BPT Hospital and Aditya Jyoti Eye Hospital. Besides, there are many retail and entertainment options such as IMAX, Star Mall, Inox and Manish Mall in the proximity.
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MCHI-THANE has always been very clear that fine housing complexes and shopping malls cannot stand in isolation. A great City is the sum total of great buildings, great infrastructure and great people. MCHI has been committed to growth of the real estate sector and is credited with the harmonious growth and rise in quality and standards of construction in Thane City in the past decade.
Its aim as an Association of Developers has been to seek rational rules and regulations which are uniformly applied across the board as this will to a great extent result in speedy construction, cost reduction, fair pricing and a push for better quality standards at par with the developed world, with a high level of transparency.
Contact
501, 5th Floor, Plot No - A-123/4,
Odyssey IT Park, Road No. 9,Wagle Estate
Thane (W) - 400 604, Maharashtra, India
Mobile : (+91) 9833 4583 23 E-mail: mchithane@gmail.com
MCHI-THANE has always been very clear that fine housing complexes and shopping malls cannot stand in isolation. A great City is the sum total of great buildings, great infrastructure and great people. MCHI has been committed to growth of the real estate sector and is credited with the harmonious growth and rise in quality and standards of construction in Thane City in the past decade.
Its aim as an Association of Developers has been to seek rational rules and regulations which are uniformly applied across the board as this will to a great extent result in speedy construction, cost reduction, fair pricing and a push for better quality standards at par with the developed world, with a high level of transparency.
Contact
501, 5th Floor, Plot No - A-123/4,
Odyssey IT Park, Road No. 9,Wagle Estate
Thane (W) - 400 604, Maharashtra, India
Mobile : (+91) 9833 4583 23 E-mail: mchithane@gmail.com
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