Kanakia Rainforest - A Monsoon Bonanza for Property Investors in Mumbai

Kanakia Rainforest - a monsoon bonanza for property investors in Mumbai Western Suburbs, A 4.5 acre sized residential property development in one of the most prime suburbs of Mumbai, Andheri East, Marol is making a lot of news currently. This project by Kanakia Developers is called Kanakia Rainforest and is set to cause a major shakeup in the dull Mumbai real estate industry currently.

There are many reasons that the Rainforest project by Kanakia looks like a winner. 1. The size of the apartments: The Mumbai realty market is flooded with oversized flats that are really high budget by virtue of their sizes. The inventories in the residential sector are piling up by the day with customers turning their faces the other way. By bringing in smaller sized apartments back in the reckoning and that too in a suburb like Andheri east, this project will obviously appeal to a lot of property buyers who need to buy but are discouraged by the prices.

1. The pricing: Rainforest apartments are being introduced in the market with a price tag of Rs. 92 lacs onwards. This is definitely a clincher as far as the current market scenario goes. This particular price tag has a lot of takers as there are people with a budget of around Rs. 1 crore unable to find property options in Mumbai and this will make them use their cash now.
2. The timing: This project is being launched at a time when the overall sentiment in the market including the real estate market is positive with the change in the government at the centre. The good sentiment coupled with the location and ticket size appears like a very fruitful combination for Kanakia as well as the investors and end users too.
3. The location: Andheri East is a very good location both in terms of commercial as well as residential factors. The connectivity is definitely extremely good with the western express highway close by and the airport also at close vicinity. The rain forest project is very close to all facilities and amenities including the Seven Hills Hospital, the amazing greenery of the Aarey colony, etc.With options of 1/2/3 BHK compact apartments this becomes a very attractive purchase for the property buyers scouting for decent options in the Mumbai Western Suburb area.

Ashutosh is a freelancer writer for real estate and finance topics.