Overview of Kumbharwada, Mumbai

Location and Accessibility

• Kumbharwada lies in the heart of South Mumbai, serving as a top spot for both residential and commercial uses.
• To reach the area, Sadar Vallabhbhai Patel Road and Mohammed Ali Road are the main routes. It's close to Mumbai Central, a key railway station in the city.

Property Prices

• The average cost per square foot in Kumbharwada falls between ₹16,666 and ₹18,666 per sqft. The top-end properties can reach up to ₹20,000 per sqft.
• However, you might find some cheaper places for ₹6,458 per sqft as well, though these are uncommon.

Property Types and Projects

• The area boasts many property options, from apartments and flats to standalone houses.
• There's CRD Aura near Dharavi with 2 BHK flats. These flats are priced around ₹23.81 K/sq.ft. They commonly still under construction but offer modern features.

Rental Options

• Rental flat prices in Kumbharwada are budget-friendly. Prices can vary according to builder, area, and flat type.

Amenities and Infrastructure

• This neighborhood is full of necessary amenities like schools (e.g., Bombay Scottish School) and hospitals (e.g., Sai Multispeciality Hospital & Research Centre).

Market Trends

• Looking back, property rates in Kumbharwada have gone down by 8.13% year-over-year. This might be a smart move for investors or buyers wanting to grab a property at a lower cost.

Price Range for Different Configurations

• Here's how price ranges generally break down:
  • 1 RK: ₹3.75 Cr onwards
  • 2, 2.5 BHK: ₹5.07-₹10.57 Cr
  • 3, 3.5 BHK: ₹2.79-₹3.52 Cr
  • 1, 2, 3, 4 BHK: ₹3.83-₹7.93 Cr.

PropertyWala's Conclusion

Kumbharwada, located in Mumbai, shows a strong real estate scene. Its central spot, accessibility, and many facilities make it appealing for buyers and renters. Despite a drop in property prices, its prime place in South Mumbai keeps its value. To find the best choice, it's key to check current market trends and properties available.