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Commercial Properties Under 5 Crore for sale in Barkat Ali Naka Wadala, Wadala, Mumbai
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About Properties In Barkat Ali Naka, Wadala, Mumbai for Sale
Overview of Wadala
- Wadala is a part of South Bombay and an upscale residential area.
- It offers high-end living and is experiencing increasing real estate demand.
- Wadala is famous for its notable transformation from industrial prominence to premium residential developments. It is also well-known for improving infrastructure, vibrant cultural scenes, reputed educational institutions, and excellent connectivity.
- Wadala has many high-rise apartments and several other housing options.
- It is known as an educational hub and is home to reputed schools & colleges.
- It is strategically located good and allows easy access to several transportation routes.
- With its excellent surroundings, infrastructure, and modern amenities, Wadala is an ideal real estate investment location.
- Wadala has a wide range of recreational places, enhancing the lifestyle of residents.
- The Pin Code of Wadala is 400031.
Wadala Residential Market Insights
- The price for property in Wadala is approximately ₹ 36,550 per sq. ft.
- The average price of 1 BHK flat in Wadala is around ₹ 1 crore - ₹ 2 crore.
- The average price of 2 BHK in Wadala can range between 1.90 crore - 3.4 crore.
- The average price of 3 BHK in Wadala can range from ₹ 3.15 crore to ₹ 5.5 crore.
- The average price of 4 BHK flat in Wadala can range from ₹ 5.40 crore to ₹ 9 crore.
- However, the final cost for a flat in Wadala will be influenced by factors such as the developer of the property, location, amenities, and type of property (new or resale).
- With commercial hubs and industrial estates in proximity, Wadala is a lucrative rental destination. It is especially in demand by working professionals.
- The average rental value in Wadala is approximately ₹ 53,000 - ₹ 3,05,000.
- Wadala is a good place to live and invest, as it has emerged as a promising residential area with a highly comfortable lifestyle and all essential facilities within proximity.
Connectivity and Transportation In Wadala
- Wadala Road Railway Station is on the Harbour Line and serves as a major connectivity in Wadala.
- Other nearest railway station to Wadala is Dadar Railway Station at 5 km.
- Wadala Bridge Station of Monorail on Line 1 benefits the Wadala locals.
- Key roadways like Eastern Express Highway and Eastern Freeway offer vast road connectivity in Wadala.
- Other key roads like Wadala Bridge, LM Nadkarni Marg, and Reynolds Road boost the road connectivity in Wadala further.
- Excellent connectivity and proximity to work hubs are major reasons that make Wadala a good rental location, especially for working professionals.
- Major locations like Dadar, Sion, Parel, and Chembur are easily reachable from Wadala.
- Several public transportation like autos, taxis, and buses are also easily available here.
- Bus depots in and near Wadala include Wadala Bus Depot and Dharavi Bus Depot.
- Chhatrapati Shivaji Maharaj International Airport is approximately 14 km away from Wadala.
Social Infrastructure In Wadala
- Wadala offers good infrastructure with well-established residences, important facilities, modern amenities, well-maintained roads, etc.
- Reputed hospitals such as Port Trust Hospital, R. S. V. Hospital, KEM Hospital, and Tata Memorial Hospital are located nearby.
- Notable Schools and Colleges in Wadala are St. Joseph's High School Public School, The Andhra Education Society's High School, B.G.P.S. College, Dr.Ambedkar College of Commerce & Economics, etc.
- For easy access to daily necessities, Dadar Athawadi Bazar and Bhoiwada Market are some of the notable marketplaces nearby.
- Good-rated restaurants such as Royal Family Restaurant, Cafe Madras, Hotel Mauli, Relax Fast Food Restaurant, etc., offer a fine dining experience here.
- Several shopping centers like Nakshatra Mall and Star Mall serve the shopping needs of the locals.
- Luxury hotels like Hotel City Point, Hotel Aroma, ITC Grand Central, and Grand Hyatt Hotel & Residences offer highly comfortable accommodations.
Employment Opportunities In Wadala
- Employment Hubs near Wadala like Indiabulls Finance Centre, Kamala Mills Compound, Business Arcade Tower, Peninsula Corporate Park, Century Mills Compound, Lodha Supremus, and Lodha Excelus are within just 5 km.
- Industrial Estates like Lalwani Industrial Estate, Balgopal Industrial Estate, and Hiren Industrial Estate are located in easy proximity.
- The prominent Bandra Kurla Complex is just a 10 km drive from Wadala.
- Major Commercial Centers like Port Trust, Bombay Stock Exchange, World Trade Centre, Maker Chambers, and Kanakia Zillion are within 12 km -13 km.
- Popular commercial locations like Bandra, Dadar, Lower Parel, etc., are reachable within 7 km - 9 km.
- Government offices like Mantralaya and the New Administration Building Nariman Point, are accessible within 12 km from Wadala.
Lifestyle In Wadala
- Wadala is a luxury locality that offers a comfortable lifestyle with a perfect blend of traditional and modern elements.
- Wadala comprises several recreational places, important infrastructure, and modern amenities that provide an exceptional living experience for homebuyers.
- Recreational places in and near Wadala like Hygienic Thai Spa, Spa Shore, Gold Cinema, Nehru Science Centre, Park View Point, Nakshatra Mall, High Street Phoenix Mall, etc., offer residents a quality leisure time.
- Several sports facilities in and near Wadala are the Wadala Sports Club, GSB Sabha Sports Club, Matunga Gymkhana, Worli Sports Club, etc., that offer the locals sports and fitness opportunities.
- A popular tourist spot, Sewri Mangrove Park is just 2 km away from Wadala.
- There are many gardens and parks in Wadala, offering locals green space to unwind or simply enjoy a relaxing walk
Safety and Security In Wadala
- Wadala is a well-established locality with proper civic facilities, creating a safe environment to reside in.
- Majority of complexes and residential areas carry out proper security measures to ensure the safety of the residents.
- There are police stations in the locality within easy reach, assuring security to locals.
- Police Patrolling is conducted frequently and is heavier at night.
Development and Future Prospects In Wadala
- Upcoming Wadala Metro that connects towards Kasarvadali will significantly boost Wadala connectivity to Thane and other areas of .
- The planned Aqua Metro Line will benefit the daily commuters of Wadala via Dadar Station, which is just 3 km away.
- Under construction Green Metro Line will be connecting Wadala Bhakti Park Stop to Gaimukh, further enhancing the connectivity.
- The in-process Sewri-Worli elevated road is expected to boost travelling time for daily commuters from Wadala West.
Cultural and Community In Wadala
- Wadala has a mix of traditional and modern living community that belong to different cultural backgrounds.
- People here celebrate various types of traditions and festivals together, promoting harmony, unity, and diversity.
- Several religious places in Wadala include Ram Mandir, Wadalyacha Maharaja, Gurudwara Sri Dasmesh Darbar, St Joseph Church, etc.
- Widely famous Lal Baugcha Raja Temple is just 12 minutes away from Wadala.
- Cultural hubs such as Dadar Matunga Cultural Centre, Russian Centre for Science & Culture, etc., are within easy reach.
Environmental Factors In Wadala
- Wadala offers a pleasant environment with a family-friendly neighbourhood.
- There is plenty of greenery and nature spots in the locality, giving it a peaceful atmosphere.
- Several gardens and parks in Wadala, including Bhakti Park Udyaan, Five Gardens, Maharshi Karve Udyan, Rustom Tirandaz Park, Margi Baug, etc., add to the green belt of the locality.
- Currently, the air quality in Wadala is fair to moderate. This is considering the ongoing constructions and developments.
Flat Configuration In Wadala
- Wadala offers flat configurations of 1 BHK, 2 BHK, 3 BHK, and 4 BHK.
- 2 BHK is the popularly preferred flat configuration by homebuyers in Wadala.
- Besides apartments, other properties like Villas, Independent Floor, Independent Houses, and Plots are also available in Wadala.
- Some developers also offer bare shell units, allowing better flexibility and customization to the homebuyers.
Property Price Growth In Wadala
- Properties in Wadala have witnessed a price appreciation of overall 16% in the last 3 years.
- The YOY price growth for properties in Wadala was around 5.3%.
- While Wadala East YOY price growth was 7%, Wadala West YOY price growth was 12%.
- With infrastructure improvements and increasing demand for housing, the Wadala Real Estate Market is expected to experience continued price growth.
- Wadala housing market has reported steady price growth in recent years and it is estimated to experience around 10% - 15% value appreciation in the next 3 years.
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