Realty queries answered by Ramesh Nair, International Director, JLL India

Synopsis Every week, an expert selected by ET answers queries from our readers on real estate. This week, the queries range from investing in flats in Kanjurmarg area in Mumbai, etc. My family is looking to invest in a couple of flats in Kanjurmarg area in Mumbai. Could you advise about the viability of this location for real estate investment? Y Khandelwal The highest demand for homes in Mumbai continues to be in and around the primary and secondary business districts, with connectivity being the primary mantra for home buyers. In this respect, Kanjurmarg certainly wins out. The Jogeshwari-Vikhroli Link Road (JVLR), which commences from the eastern part of Kanjurmarg, connects the area to the Eastern and Western Express Highways. Also, LBS Marg provides easy accessibility to other parts of Mumbai. Apart from connectivity, Kanjurmarg is more or less self-sufficient in terms of social infrastructure and facilities such as quality schools, colleges and hospitals. Due to the upward shift in property values in Powai, Vikhroli and Thane, Kanjurmarg is seeing spillover demand from these areas as property prices there are between 10 and 15% lower there. It offers a fairly wide spectrum of residential projects catering mainly to the demand… Read full this story

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