Overview of Kalbadevi, Mumbai

Location and Accessibility

Kalbadevi, a historic area, lies in Mumbai’s southern part. It’s conveniently central, near key business zones, railway stations, and metro stations. This prime spot makes it likable for both locals and investors.

Property Prices

• Properties here start around Rs. 26,153 per sq. ft. The average price is Rs. 31,365 per sq. ft.
• From another source, the average is Rs. 29,944 per sq. ft, with a yearly rise of 8.57%.

Price Trends

• Property prices have gone up, rising between 7.9% and 8.57% last year. This means now might be a good time to buy or sell this area.

Types of Properties

• Kalbadevi offers a range of properties:
  • 1 BHK apartments: 400-550 sq. ft. priced ₹39,300 - ₹54,100
  • 2 BHK apartments: 600-850 sq. ft. priced ₹59,000 - ₹83,600.

Rental Market

• Rent in Kalbadevi ranges from ₹18,000 to Rs 2.8 Lac per month. Rental demand stays strong because of its central location and near other centers of activity.

Amenities and Infrastructure

• Markets and Shopping: Vibrant markets like Swadeshi Market and countless roadside shops.
• Educational Institutions: Barretto High School, Little Flower Of Jesus High School, and Bai M.N.Gamadia Girls High School are nearby.
• Healthcare: Hospitals like Gokuldas Tejpal Hospital, Suryakant Wagal Maternity Hospital, and Cama And Albless Hospital are nearby.
• Restaurants and Entertainment: Options like Sunlight Restaurant And Bar, Mao Family Restaurant, Edward Cinema, and Metro Inox Cinema are available.
• Transportation: Nearby bus stops, and easy access to railway and metro stations.

Challenges

• Despite all its benefits, heavy traffic, overcrowding, and parking problems exist in Kalbadevi.

PropertyWala's Conclusion

Kalbadevi is a great place for homebuyers and renters. With its central location, rich history, and lively marketplaces, it’s appealing. Prices are steady and investments seem solid. Still, traffic and parking hassles matter. Overall, Kalbadevi's mix of old and new makes it appealing for those looking to invest or live in an important, centrally located area in Mumbai.