Why Kanjurmarg is Mumbai's Next Big Address
Kanjurmarg sits in Mumbai's central suburbs, sandwiched between Bhandup and Vikhroli along the Central Railway line. An important suburb in east central Mumbai, Kanjur Marg is a rapidly developing business district which serves as an access point to IIT Bombay, Hiranandani Gardens and other commercial hubs of Powai, with industrial establishments like Crompton Greaves and corporate campuses like OneWorld and Lodha iThink driving huge demand for property.
The locality has moved well beyond its industrial roots. On the west, it covers Andheri East & SEEPZ and connects to the Western Express Highway, while on the east it links to the Eastern Express Highway, giving seamless connectivity to social and commercial hubs across the city. This dual highway access, combined with an active railway station, has made Kanjurmarg a preferred base for professionals working in Powai, BKC, and Thane.
Pricing reflects this steady demand. The average flat rate in Kanjurmarg East is around ₹28,000 per sq ft, with a 2 BHK flat available in the price range of ₹1.55 crore to ₹2.2 crore. On the west side, average property rates per square feet in Kanjurmarg West stood around Rs 27,250 per sq ft. Rental demand is equally healthy, with an average rental yield of around 4% in the locality.
Large-format redevelopment is reshaping the skyline here. Mahindra Lifespaces has entered the micro-market with a mixed-use development on LBS Marg, joining other established residential clusters, cementing Kanjurmarg's reputation as one of the fastest-appreciating corridors in the central suburbs.
