Chandan Nagar, Pune

Chandan Nagar is located in the Vikhroli West area of Mumbai, Maharashtra. It is a residential neighbourhood situated in the central part of the city. The Chandan Nagar PIN code is 400083. It is close to popular localities like Vikhroli, Bhandup and Kanjurmarg. Properties available in Chandan Nagar include independent houses, flats and land for sale/rent.

Chandan Nagar, Mumbai, primarily has a middle-income residential population, including young professionals, nuclear families and senior citizens. People here enjoy a peaceful lifestyle away from the hustle-bustle of Mumbai city. Residents prefer weekend outdoor activities like walks along the lake or in nearby parks. The locality has a mixed culture, with people from different parts of India co-existing in harmony. Festivals of all religions are celebrated here bringing people closer and promoting social bonding in the community.

Physical Infrastructure of Chandan Nagar

Chandan Nagar is well-connected via various modes of transportation. The upcoming Metro Line 7 will have a station near Chandan Nagar, providing direct connectivity to major business hubs. The Eastern Express Highway and Sion Panvel Highway are at a driving distance of 10 minutes, ensuring quick access to various parts of the city and state. A pipeline project is underway to strengthen the underground sewage system. There are a few nationalised and cooperative banks located on the main road for daily financial needs. A police booth and a nearby fire brigade station provide safety and security to the locality. Street lights are being installed on all major roads for better illumination.

Social and Retail Infrastructure of Chandan Nagar

Chandan Nagar is well-equipped with social infrastructure and shopping options. Some notable schools in the area include Kendriya Vidyalaya Bhandup, Indian Institute of Technology (IIT) Bombay, Shailesh J Mehta Institute of Management and Maharashtra National Law University, known for their quality education. Residents can access medical facilities at nearby Powai Hospital, Nihal Nursing Home & Ophthalmologist and Sri Sai Eye Care Centre. R Odeon Mall, and Phoenix Marketcity are two popular retail destinations for daily needs and entertainment. The high street offers grocery stores, salons, bakeries and convenience shops. Upcoming projects like Wadhwa Group's Blue Ridge residential towers will add more green spaces and amenities like a sports club. The infrastructure makes Chandan Nagar a suitable residential location.

Real Estate Market Trends and Rental Demand in Chandan Nagar

The property rates in Chandan Nagar have witnessed steady growth over the last few years. The average price for residential units is between Rs.11,000 - 13,888 per sq.ft. due to its well-developed social and connectivity infrastructure. Proximity to Mumbai city and emerging amenity-rich projects continue to attract home buyers. The rental market is also strong owing to demand from IT professionals and nuclear families. Landlords can expect to earn ₹45,000-65,000 per month for 2BHK apartments. Rental yields are higher compared to other Mumbai localities. The upcoming metro corridor is expected to further boost both sale and rental value of properties in Chandan Nagar.

Top Employment Hub Nearby Chandan Nagar

Chandan Nagar is in close proximity to several major commercial and industrial hubs that are top employment destinations for thousands of job seekers. Some of the top employment hubs near Chandan Nagar include:

• Hiranandani Business Park - 2.8km
• Powai Supreme Business Park - 4km
• Mirchandani Business Park - 7.4km
• Neelkanth Corporate IT Park - 6.5km
• Raiaskaran Tech Park - 7.9k

Famous Sub-Localities in Chandan Nagar

Being a well-developed part of Mumbai, Chandan Nagar has several sub-divisions nearby. Some of the most popular landmarks in Chandan Nagar include:

• Vikhroli West
• Kanjurmarg West
• Kanjurmarg East
• Powai
• Ghatkopar West

Top Things to Do in Chandan Nagar

Chandan Nagar residents are spoilt for choice when it comes to entertainment and recreation activities within close proximity. A short drive unlocks several world-class attractions and landmarks. Some of the top things to do in Chandan Nagar include:

Powai Lake

One of the most popular escapes from the hustle bustle of Mumbai city. Go for a peaceful boat ride, a relaxing evening walk or to catch a glimpse of stunning sunset views.

Vihar Lake 

Another important green lung space located right next to Powai Lake. Ideal for morning or evening walks amidst nature. Watch different kinds of birds here.

Powai Garden 

Sprawling garden located opposite Powai Lake. Come here to relax on weekends, play outdoor games, picnic with family or click pictures against a beautiful backdrop.

Thane Creek Flamingo Sanctuary 

Only 60 minutes away, this sanctuary is a heaven for flamingos and migratory birds between November to May. Best time for bird watching and nature photography.

Mahakali Caves 

A complex of interesting caves located in adjacent neighbourhood Andheri. Believed to be man made, explore these historical caves formed inside basalt rocks.

Jogeshwari Caves 

Another cave system just 15 minutes away. Although smaller than Mahakali caves, these natural caves offer peaceful retreat from city life. Ideal for short treks and exploring intriguing rock formations.

Conclusion

Chandan Nagar offers a balanced quality of life within Mumbai limits. It is well-connected, has thriving social infrastructure and access to employment hubs.

• Established locality with developed roads and underground drainage system.
• World-class schools, hospitals and large open spaces nearby.
• Tranquil neighbourhoods away from city noise yet well-linked.
• Rising capital and rental values with positive market sentiment.
• Options for buyers across budget segments.

While traffic and rising pollution is an issue, as with most cities. More parking facilities, rainwater harvesting and tree plantation could make it more sustainable. Power and water supply also need