Overview of Marol Military Road Area, Mumbai

Location

The Marol Military Road area is located in Andheri East, Mumbai. This area is part of a well-connected and developed region in the city.

Property Types

The area offers various property types, including:

• Apartments (1, 2, 3, 4, and 5 BHK)
• Bungalows
• Studio flats
• Farmhouses
• Villas

Pricing

• The average price per square foot in the Marol Military Road area is around ₹22,242, with a price range of ₹14,090 to ₹29,100 per square foot.
• For specific apartments, prices can range from ₹1.38 Cr to ₹1.69 Cr for a 1 BHK flat, with sizes varying from 425 to 665 square feet.

Recent Market Trends

• Property rates in the area have seen a significant rise, with a 14.63% year-over-year (YoY) growth. This indicates a favorable market for both buyers and sellers.

Infrastructure and Amenities

• The area is well-equipped with various amenities such as relaxation and entertainment facilities within residential projects.
• Proximity to key infrastructure:
  • Educational institutions like Bombay Scottish School, Powai (4.1 km away).
  • Healthcare facilities such as CuddlesNCare Pediatric Hospital and NICU (0.2 km away).

New and Upcoming Projects

• There are several new and under-construction projects in the area, such as Shree Naman Premier by Shree Naman Group, which is expected to be ready for possession by December 2025.

PropertyWala's Conclusion

The Marol Military Road area in Andheri East, Mumbai, presents a promising real estate market with a variety of property options and strong market trends. The area's connectivity, amenities, and ongoing development projects make it an attractive choice for both buyers and renters. It is crucial to conduct thorough research and consider factors such as specific pricing, project completion timelines, and local amenities to ensure the best fit for your needs.