Overview of Manori, Mumbai

Location and Accessibility

Manori, located on India's west coast in northwest Mumbai, is famed for its beautiful beaches and offers a calmer vibe compared to Mumbai's bustling cityscape. Access to Manori is easy by using the Manori Jetty, and it’s just a short drive from other hubs like Malad and Gorai.

Property Prices

• Starting prices for Manori properties are as low as Rs. 2,222 per square foot, though this is quite rare.
• Typically, properties here go for around Rs. 15,384 per square foot.
• High-end properties like standalone luxurious villas can go up to INR 95 Lac for a 3 BHK and as high as INR 3.25 Cr for an 8 BHK villa.

Property Types

• Standalone Villas: These come in 3 BHK and 8 BHK versions, usually feature spacious layouts, and range from 2700 sq-ft to bigger areas.
• Residential Plots: You can also find plots starting from around INR 16 Lac.
• Apartments: More limited, a few apartments and flats are listed for sale and rent nearby.

Market Trends

• The Manori property market has expanded a lot with a yearly increase of 71.82% in average prices per square foot.
• Currently, buying and selling properties here looks financially beneficial.
• Luxury property demand remains strong; however, the rapid expansion in the mid and lower ranges has recently slowed.

Amenities and Infrastructure

• Near Landmarks: Manori properties are near key spots like Manori Jetty and Gagangiri Maharaj Ashram.
• Utilities: Many properties offer BMC water and three-phase electricity.
• Recreation: Enjoy the beaches and other local amenities like shops, dining, and recreational spots.

Rental and Vacation Rentals

• Rental choices include vacation rentals from sites like Airbnb, offering assorted apartments, condos, and bungalows.
• These rentals serve as a short-term solution ideal for testing the area.

PropertyWala's Conclusion

In short, Manori, Mumbai, combines a coastal lifestyle with great real estate investment chances. You'll find value with the price rise and variety in property types, making it appealing for buyers and investors. Still, keep in mind the shifting market trends, especially seeing the reduced growth in the middle and lower-end areas. Its convenience to amenities, scenic views, and growth potential make it a top pick for those wanting to invest in Mumbai.