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MALAD - DAHISAR Corridor Description and Rating Areas Included

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MALAD - DAHISAR Corridor Description and Rating Areas Included Corridor of growth MALAD - DAHISAR Corridor Description and Rating Areas Included: Malad (E), Malad (W), Kandivali (W), Kandivali (E), Borivali (W), Borivali (E), Dahisar (E) and Dahisar (W) Fig 1: Map of the corridor 02 Corridor of growth (COG) About the Corridor Historic development: The Malad-Dahisar The New Link Road and the Swami Vivekanand also broader here compared to Goregaon and a Corridor is broadly enclosed by the Goregaon- Road, running from north to south, have been number of residential and hotel developments Mulund Link Road in the south and the instrumental in the development of residential can be witnessed in the area. There are a Dahisar Toll Naka in the north. The corridor areas on the west of the Western Line. number of luxury residential projects with has Sanjay Gandhi National Park in the east most having completed more than 50% Unlike the Andheri-Goregaon Corridor, and the Manori and Malad Creeks in the west. construction. Rajesh Lifespaces and Sheth which required east-west connectivity, the This corridor was created due to a variety of Creators, are some of the key developers in Malad-Dahisar Corridor expanded in a narrow factors, including sky high prices of real estate this area. The stretch also has the 7 lakh sq ft north-south stretch and did not face such to the south as well as poor land availability. Infiniti Mall, along with well-developed areas problems. Hence, although the corridor does Proximity to the old city of Mumbai as well across it. not have any metro line running through it like as to the airport led to early development of the Ghatkopar–Versova Line in the Andheri- Malad East is a mass of rural developments areas south of the Malad-Dahisar Corridor, Goregaon Corridor, buyers still prefer this to a at the back and premium developments including the Andheri-Goregaon Corridor. certain extent due to cheaper prices and lesser near the Western Express Highway. The As a result, while those areas have mostly traffic congestions. micro-market currently has a number of big older developments as well as problems residential projects witnessing significant of congestion, the Malad-Dahisar Corridor Upcoming Infrastructure: The connectivity construction activity. As most of the projects remains devoid of these to a major extent. Due in the corridor will be further boosted by the here are close to the Western Express Highway, to the presence of Manori and Malad Creeks construction of multiple metro lines and the connectivity is not as big an issue, in spite of in the west and the Sanjay Gandhi National elevated rail corridor. Currently there are seven Malad East being congested in internal areas. Park in the east, the corridor could not expand other lines planned in Mumbai of which two Kanakia Group, Omkar Realtors and JP Infra in the east-west direction and instead grew are passing through this corridor. These are are key developers here with large upcoming northwards till the Thane boundary. the Dahisar-Charkop-Bandra-Mankhurd Metro developments. Except the Infinity IT Park, Line and the Dahisar (E) - Andheri (E) Metro The development of the corridor has happened there is not much commercial development Line. Work on both these lines is expected in a step by step manner and as one moves in the area, when compared to other Western to start soon and be completed by 2019. In from south to north the quantum of older Suburb areas lying on the Western Express addition, the plan to create an elevated rail developments (over a decade), reduces Highway. The average prices of residential corridor between Bandra and Virar was also significantly. properties in Malad East and West ranges proposed by the Rail Minister in the budget between Rs 14,000-15,000 per sq ft. The Malad-Dahisar Corridor has a number of in February this year, where the work might regions as part of the corridor. These are Malad start as soon as August 2016. All these mass Kandivali West has witnessed a relatively East, Malad West, Kandivali West, Kandivali transportation systems are going to change flat development over the last decade and East, Borivali West, Borivali East, Dahisar the mobility landscape of the corridor, much of the residential supply is in the form East and Dahisar West. Of these, the Malad providing tremendous opportunity to its of Cooperative Group Housing Societies. The and Kandivali regions are more developed residents. construction here is fairly new and mostly not and have many old colonies and cooperative more than a decade old. Rustomjee, Mayfair Current Development: The corridor is a group housing societies. Borivali and Dahisar Housing, Royal Realtors, Acme Group, HDIL, mix of old and new residential constructions regions, on the other hand, are fairly recently Mayfair Housing and Ruparel Estates are key with the old occupying 50% of the available developed, though they lack in holistic developers in this area with projects either residential land in the corridor. The old development witnessed in the south. undergoing development or in the possession residential buildings are mostly Ground + 5 to stage. Prices for properties here are a notch Present Infrastructure: The corridor has 10 floor structures, while the new residential lower than Malad at Rs 11,000-12,000 per sq been considered on the outskirts of Mumbai projects are all in the upper-mid or luxury ft. There is no Grade A mall development or city. It has been in the limelight for the last segments, providing a lot of amenities. In commercial development in the area though decade because of the connectivity it provides general, one witnesses less older constructions it has fairly developed retail high streets. The to the rest of the city. The corridor has strong as one moves from Malad to Dahisar and the area also has a number of schools, hospitals infrastructure with both the Western Express price of properties also comes down. and colleges, earning it a high score on social Highway (NH-8) and the Western Line of Malad West and East, is the southern most infrastructure. the Mumbai Suburban Railway running region of the corridor and has a significant through its full length. These have provided Unlike Kandivali West, Kandivali East has amount of older construction, although much connectivity to both South Mumbai and the witnessed a significant amount of high less than the adjacent Goregaon, and also a northern suburbs and peripheral areas. rise developments. Even areas like Thakur number of new developments. The roads are Complex, which houses a number of 03 Corridor of growth (COG) Cooperative Group Housing Societies, has a projects by Grade A developers like Oberoi Commercial Development: Similar to number of high rises. Lokhandwala Township Realty, Kanakia Group, Sheth Developers and the Andheri-Dahisar Corridor, the region of is another well-developed area with a Rustomjee in this area. Due to unavailability the corridor falling on the west has very few significant residential supply. White City by of space, the locality does not provide much in commercial development as most of these Rajesh LifeSpaces, Epsilon by Shapoorji Pallonji terms of social infrastructure. are on the Western Express Highway. The and Gundecha Greens by Gundecha Group are commercial development on the Western Dahisar West and East, forms the north most some of the under construction developments. Express Highway has been mushrooming portion of the corridor and naturally has A significant portion of the land is used by on the narrow stretch of land on both sides, the cheapest of residential developments Mahindra and Mahindra Manufacturing Plant, benefiting from the connectivity provided (average price of Rs 10,000-12,000 per sq ft) leading to development in areas away from by the expressway and the western railway in the corridor. The area is small compared to the Western Express Highway. Overall, it is a line running parallel to it, along with cheaper other localities in the corridor. Dahisar River premium locality. Prices of projects here are rentals compared to south and central on the west and north of the locality largely more than those in Kahdivali West and almost Mumbai. restricts development. Most of the ongoing equal to those in Malad. developments here are by Grade B and C Outlook : The corridor is a prime destination Development in Borivali West is open as developers. of residential development in the region and compared to Kandivali as the area started is going to benefit greatly from the number of Dahisar East, unlike Dahisar West, has a developing later. Almog by Parinee Developers infrastructure projects active here. Although number of developments even though in size and Wadhwa Aquaria Grande are the key the corridor loses out on commercial retail Dahisar East is similar to Dahisar West. This is under construction projects here, while most and hotel developments, when compared majorly because Dahisar East does not lose other projects are being developed by Grade B to the Andheri-Goregaon corridor, it scores out space to the Dahisar River, like Dahisar developers and are being offered at a discount. much better in terms of land availability West does. The current developments are Except a handful, most development is for fresh construction and is able to provide widely spread across, leading to absence of targeted at mid segment buyers. decent sized apartments at affordable prices. congestion. Sheth Developers, Oyster Living, Hence, the area is not rated very high on social Borivali East suffers from a lack of developable A&O Realty and N Rose Developers are the key infrastructure, it is expected to perform well in area because of the presence of the Sanjay developers. the future. Gandhi National Park. There are a number of Overall Connectivity Social Infrastructure Security/Water Properties available in the corridor he corridor offers a significantly wide Goregaon Corridor.
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