Overview of Gulmohar Road Area, Mumbai

Location and Connectivity

• Gulmohar Road sits in the Juhu and Vile Parle zones of Western Mumbai.
• It connects easily to major highways and public transport, making living here quite convenient.

Property Prices

• Property prices here start around Rs. 22,727 per square foot and go up to as much as Rs. 71,733 per square foot, on average Rs. 44,863 per square foot.
• Bigger homes, like 4 BHK apartments, might cost anything from Rs. 9.58 Crore to Rs. 13.79 Crore. It varies according to the space and extra features.

Types of Properties

• Apartments: These come in different sizes, usually 3 BHK and 4 BHK, from 1100 sq. ft. up to 3000 sq. ft.
• Villas: Less common, but some options do exist; you won't find detailed pricing for these as much as for apartments.

Rental Options

• Rental Costs:
  • 3 BHK flats can cost between Rs. 1.5 Lac and Rs. 2.5 Lac per month.
  • 4 BHK flats are between Rs. 3.3 Lac to Rs. 5 Lac per month.
• Facilities: Most rental flats offer stuff like gyms, rooftop terraces, gas connections, and parking.

Amenities and Infrastructure

• Modern Features: These properties often have amenities such as gyms, rooftop terraces, yoga or meditation spots, jogging tracks, badminton courts, cricket pitches, kids' play areas, and spaces for senior citizen relaxation.
• Education: Several schools and colleges around here.
• Healthcare: Hospitals and clinics nearby.
• Safety: Some buildings provide 24-hour security.

Market Trends

• Recent observations have shown a 6.97% decrease in property rates for the past year, suggesting a potential good time for buyers.

PropertyWala's Conclusion

Gulmohar Road, Mumbai, offers a great chance for both buyers and renters because of its prime position, excellent connection, diverse amenities. This area has both affordable and luxurious options, ideal for different kinds of investors and users. With its modern features, good connections, and closeness to major spots, the Gulmohar Road is a great place for people wanting to invest or live in a well-serviced and upscale area in Western Mumbai. It's wise to keep an eye on market trends and prices for a good decision.