What’s Behind Wadala Realty Shine?

If we look a decade back, Wadala was just an area that housed commercial establishments, including factories and mills. When one casts a glance now, they would find number of gated communities and luxury apartments that dot across this centrally located area. Consequently, property rates have also undergone significant positive change in the past decade.  Since authorities have plans to boost infra and connectivity further, homebuyers would continue to be drawn towards this suburb in future, too.

How so?

Mapping Wadala’s future prospects

Upcoming CBD: Located between south Mumbai and the suburbs, this micro market will be developed as Mumbai’s third central business district (CBD) after Nariman Point and Bandra-Kurla Complex. When the Mumbai Metropolitan Region Development Authority (MMRDA) is done doing that job, Wadala will boast a mixed-use CBD, with over four million square metre of offices and residential space. Apart from boosting the job market in the area, the CBD will also push retail and hospitality sectors in a big way.

Better connectivity: In location lies the key to Wadala’s connectivity benefit. While the locality already enjoys smooth connectivity with south Mumbai and the suburbs, the MMRDA plans to develop an Inter-State Bus Terminus here to further improve road transport.

Also, the elevated road connector from the BKC to the Eastern Express Highway is aimed to provide an aid to the daily commuters a direct connectivity. This will reduce traveling time between the two major CBDs. The Eastern Freeway has also helped in minimising the travel time between Nariman Point and Wadala.

By 2021, the locality would also be on the Metro route, through Line-4 which will connect Wadala to Kasarvadavali via Ghatkopar and Mulund.

Social climb: This locality also boasts a well-developed social infrastructure, and that makes this place ideal for families.  

Wadala, for example, is home to several well-known education institutions such as the Veermata Jijabai Technological Institute (VJTI), the Vidyalankar Institute of Technology, the Khalsa College, the University Institute of Chemical Technology and South India Welfare Society, etc. Dr. Ambedkar Commerce and Law College, SNDT Women's University, Shri Bansidhar Aggarwal Model School and Junior College are are also situated here.

Also, Wadala has some renowned hospitals such as Indian Cancer Society, Group of Tuberculosis Hospitals, MbPT Hospital, Acworth Municipal Hospital for Leprosy, etc.

The area is also home to many recreational and entertainment spaces like sports clubs, theaters, shopping malls, etc. A number of churches, temples and shrines are also situated nearby. Wadala is also known for flamingo spotting.

Green sheen: The urbanisation of Wadala is well balanced with the ample number of green spaces that bring a sense of serenity in the hectic city life. Gardens like Mancherji Joshi Five Gardens, Karve Garden and Bhakti Park Garden create a sense of community and helps in creating social ties with the Wadala residents.

 The author is director, Siddha Group.