Expected Appreciation for Viceroy SAVANA by 2030

HISTORY

Kandivali East, where Viceroy SAVANA is located, has undergone a significant transformation over the last 15 years (2009-2024), establishing itself as a prime residential hub in Mumbai's Western Suburbs. In the early part of this period (2009-2013), Kandivali East saw steady appreciation driven by its strategic location along the Western Express Highway (WEH) and its relative affordability compared to southern and central Mumbai. Property values appreciated at an average of 8-12% annually as demand from mid-income families and professionals grew. The mid-2010s (2014-2018) marked a crucial phase with the announcement and commencement of work on critical infrastructure projects, most notably the Mumbai Metro Line 7 (Dahisar East Gundavali) which directly traverses Kandivali East. This future connectivity promise, combined with improving social infrastructure (schools, hospitals, retail), sustained property value growth, albeit with some market stabilization due to regulatory changes like RERA and macroeconomic factors like demonetization. Average appreciation during this period was in the range of 5-8% per annum, with ready-to-move-in projects showing better resilience. The most significant appreciation surge has been observed from late 2018 to 2024. The operationalization of Metro Line 7 (partially in 2022, fully in 2023) dramatically enhanced connectivity, reducing travel times to commercial hubs. This, coupled with post-pandemic demand rebound, low-interest rates, and stamp duty reductions, fueled robust property appreciation. For projects in well-connected areas of Kandivali East, including those comparable to Viceroy SAVANA, property values have seen an average annual increase of 10-15% in recent years, with some premium developments exceeding this. Overall, over the 15-year period, properties in Kandivali East have seen an estimated cumulative appreciation ranging from 150% to over 250%, depending on the specific project, quality, and proximity to infrastructure, driven by improved connectivity, social infrastructure development, and a continuous influx of residents seeking a balanced lifestyle.

FUTURE PROSPECTS

The next 5 years (2025-2030) for residential projects like Viceroy SAVANA in Kandivali East are poised for continued, albeit possibly moderated, appreciation. Several growth factors will underpin this positive outlook. Firstly, the full impact of the operational Metro Line 7 will continue to be realized, attracting more residents and businesses, further cementing Kandivali East's position as a desirable residential node. Seamless connectivity to key commercial hubs like SEEPZ, BKC, and other Western Suburbs will remain a strong demand driver. Secondly, upcoming infrastructure projects like the Goregaon-Mulund Link Road (GMLR) are critical. While not directly in Kandivali, GMLR will significantly improve east-west connectivity across Mumbai, benefiting Kandivali residents by providing easier access to Thane and Eastern suburbs, thus broadening the appeal of the locality. The continued development and upgrading of social infrastructure (schools, healthcare, retail, entertainment) within and around Kandivali East will also enhance liveability and property value. Risk factors, however, include potential interest rate hikes, which could temper buyer sentiment, and the ongoing challenge of affordability in Mumbai's increasingly expensive real estate market. New supply entering the market could also lead to short-term price stabilization. However, Kandivali East's mature infrastructure, established community, and ongoing connectivity enhancements position it well for sustained growth. We forecast an average annual appreciation of 6-9% for projects like Viceroy SAVANA in Kandivali East over the next five years (2025-2030), driven by end-user demand, improved quality of life, and the catalytic effect of completed and ongoing infrastructure projects. The 'ready-to-move-in' status and established reputation of projects within well-planned communities will command a premium.