Real Estate Overview of LBS Marg, Mumbai

LBS Marg, honoring Lal Bahadur Shastri, stands out as a vital arterial road in Mumbai that links many important suburbs, making it a sought-after area for both buyers and renters.

Connectivity and Accessibility: This major road functions as a critical connection between Mumbai and Thane, running through famous suburbs like Mulund, Andheri, Sion, Ghatkopar, and Bhandup. Because of its connections to various commercial, educational, and recreational spots, the area becomes more appealing.

Property Prices and Trends: Prices for properties along LBS Marg change based on the specific suburb. Here are a few examples:

• Properties in LBS Marg-Bhandup West start around Rs. 20,400 per sqft. Average prices sit at Rs. 21,513 per sqft. This area has seen a 1.3% increase in property values over the past year.
• In LBS Marg-Mulund West, properties begin at about Rs. 14,935 per sqft. Yet, the average rises to Rs. 22,209 per sqft. This section has enjoyed an 8.93% yearly increase in property prices.

Types of Properties: You can find different types of properties here, from apartments and independent houses to exclusive villas. For instance, in LBS Marg-Bhandup West, numerous apartments with different layouts exist. Meanwhile, in LBS Marg-Mulund West, one can find everything from budget-friendly to high-end properties.

Rental Market: For lease options, this area includes fully or semi-furnished apartments. In LBS Marg-Bhandup West, rents for a 2 BHK apartment sit at ₹53,000 a month, with no extra maintenance fees often included. Deposit options range between ₹1.5 lakh to ₹3 lakhs.

Market Dynamics: Both buyers and sellers find this property market to be generally favorable. Trends show a steady or rising market, and this outlook makes it a wise choice for investors as well as those buying to own.

PropertyWala’s Verdict

Buyers and renters in LBS Marg get a combination of good connectivity, a mix of property options, and a market that's stable or growing. The area’s strategic position and the nearby amenities make it a hot spot for both living and investing. Still, picking the right suburb and staying updated on market trends is key to making your move.