Kanjurmarg gears up to be a commercial hub with two upcoming Metro Lines & arterial roads

Kanjurmarg Rapidly Developing into a Commercial Hub

Mumbai (Maharashtra) [India], June 14: Kanjurmarg is rapidly growing in prominence as a commercial destination, attracting large business houses to set up their corporate offices here. Commercial property rentals in Kanjurmarg are more attractive compared to nearby CBDs like Powai, Vikhroli & BKC. In addition, Kanjurmarg has large land parcels for development coupled with excellent connectivity, good social infrastructure and upcoming infrastructure projects, making it an ideal choice for investment in commercial spaces here. The region is already home to many corporate campuses. Large commercial developments launched by branded names such as Godrej, Runwal, Embassy and Brookfield will further increase the commercial footprint in the region.

Location is the key to Kanjurmarg’s growth trajectory in the commercial space due to direct access to key business districts of Powai, Vikhroli, SEEPZ, Airoli, Thane and BKC.  In addition, it is also accessible to key residential hubs of the city via rail, road and Metro networks, which makes it a great choice from the HR perspective. It has excellent connectivity to South Mumbai through Eastern Express Highway and Eastern Freeway and western suburbs through Jogeshwari – Vikhroli Link Road (JVLR).  The upcoming Metro Lines 4 & 6 will further boost the connectivity of the region. Pink Line 6 will connect Swami Samarth Nagar-Lokhandwala in Andheri in the western suburbs to Vikhroli and Kanjurmarg in the eastern suburbs. Green Line 4 will connect Kasarvadavali in Ghodbunder Road, Thane, to Bhakti Park in Wadala, passing through Kanjurmarg West. Once these metro lines are operational, demand, as well as prices of commercial and residential real estate in the region, will escalate further.

Speaking on the growing opportunities that Kanjurmarg has to offer as a commercial destination Mr Rajat Rastogi, Executive Director, Runwal Group, said, “Kanjurmarg will soon develop into a sought-after address for commercial real estate. With nearby commercial localities like Powai and BKC getting saturated, rentals have shot up, making these locations out of reach for many corporate clients. Kanjurmarg is emerging as the natural successor due to its location advantage, excellent connectivity and proximity to well-established residential hubs. With large Grade A office supply being planned in the region, Kanjurmarg is heading towards being a commercial hub, ably supported by neighbouring localities in providing the talented workforce.”