Project In Focus: Kanakia Paris, Mumbai

The Bandra Kurla Complex (BKC) situated in central Mumbai is a sought-after residential market among the ultra-high-net-worth individuals. There are many luxury residential properties in construction stage in this locality, which is also a bustling business hub. Kanakia Paris launched by Kanakia Group is one luxury housing option available for home seekers.

PropGuide shares more details about this premium housing project:

About the property

RERA ID: P51800000122

Kanakia Paris is a modern housing community located amid a bustling business hub of Mumbai. It offers 464 units of 2BHK, 2.5BHK and 3BHK luxury apartments, sized between 578 sqft and 1,421 sqft. Spanning over an area of 1.81 acres, the gated complex has themed features with artistic lamp posts, a water body, landscaped areas and a 40-ft replica of the Eiffel Tower. The apartments are spacious and offer views of the Worli Sea Link. The project was launched in October 2014 and the possession will be likely by September 2019. A host of high-end amenities available for the residents includes:

*A well-equipped gymnasium

*A swimming pool with kids' pool

*576 covered parking spaces

*A yoga or wellness area on the terrace

*A cafeteria

*A library

*An indoor games facility

*Utility shops

*A rainwater harvesting system

The developer

Kanakia Spaces Realty is a premium real estate developer in Mumbai, a flagship company of Kanakia Group, with over three decades of experience. It has successfully delivered 14 million sqft of real estate space in the domain of residential, commercial, entertainment, education and industrial segments.

The neighbourhood

The BKC is an expensive real estate destination and a popular commercial hub. Corporate offices of leading banks and multi-nationals, business centres and hotels are nestled in the vicinity. The Central Business District (CBD) is well-connected to neighbouring areas of Andheri East and Bandra East.

Infrastructure and connectivity

The project is located right next to the Ascend International School. The area has social amenities in abundance encompassing 93 schools and 114 hospitals. Bank branches, ATMs and numerous restaurants are located within 1.5 kilometres from the property.

The locality enjoys smooth connectivity to other parts of the city via road and rail. An upcoming 1.6-km BKC-Chunabhatti Connector, as well as flyovers and elevated roads planned by the Mumbai Metropolitan Region Development Authority (MMRDA), is expected to further ease traffic congestion in the locality. The Chhatrapati Shivaji International Airport is within easy reach.

Average price in the area

The average capital value of residential properties in the BKC is Rs 36,000 per sqft. Apartments in Kanakia Paris are priced between Rs 2.6 crore and Rs 6.5 crore.

PropGuide's verdict

Homebuyers interested in luxury residential properties should invest in the project. Kanakia Paris is also recommended for investors eyeing a well-developed location of the Maximum City.