Review of Chembur, Mumbai

Chembur boasts of easy connectivity to south Mumbai and the western suburbs through the Eastern Freeway, Monorail and the Santa-Cruz Link Road. Though, these physical infrastructures became functional long ago, they are still the major reason behind the consistent demand for properties in the locality. The first phase of the Monorail Line 1 (Jacob Circle-Wadala-Chembur), which became operational in February 2014, connects Chembur to Wadala. The second phase of the Monorail project which will extend the existing line to Jacob Circle via the GTB Nagar, Antop Hill, Dadar east, Lower Parel, etc., is under construction. It is expected to be completed by March 2015.
On the other hand, the Eastern Freeway brought offices at BKC, Lower Parel and Colaba and other localities of south Mumbai closer, reducing the travel time considerably.
“Both, the Freeway and the Monorail, had a major impact on demand and property prices. They eased commuting between Chembur and other areas of Mumbai. This attracted many middle and upper-middle class buyers to the area,“ says Rizwan, MumbaiSkylines, a broker firm active in the area.
“What used to be a nerve-wracking drive of at least an hour to reach these areas, has come down to about 20-25 minutes through the Freeway,“ adds Rizwan. Apart from this, the six km long Santa-Cruz Link Road has eased the travel between Santacruz and Chembur.
“Improved connectivity had a major impact on consumer sentiments. Chembur not only gained end-users but also investors who were attracted by the future prospects of the locality,“ says Tanvir of Mumbaiskylines.
AFFORDABILITY
“Chembur is comparatively affordable when compared to Wadala and Lower Parel, one of the prime reasons why buyers shifted here,“ says Sajid of MumbaiBlocks. The average capital values in Wadala range from Rs 18,000-23,000 per sq ft, while in Lower Parel, they vary from Rs 30,000-41,000 per sq ft.

Pros

• Impact on property demand, owned and rented, is quite visible
• Not only capital appreciation, Chembur promises good rental returns as well.

Cons

• Traffic jam
• Slum Redevlopments

Review of Mahalakshmi, Mumbai

Mahalakshmi is very prime located place at Mumbai. It is easily accessible to railway, bus, taxi, market and malls has good connectivity to all major important places of the City. Situated at the Junction of Bhulabhai Desai Road, Peddar Road and Haji Ali (Off Tardeo). It is a good and peaceful to stay in the proximity of the Mahalakshmi Station & Bombay Central and the Elphinstone Road, Worli, Lower Parel office areas. It is also proximate to Jaslok, Breach Candy, Bhatia and Cumballa Hill Hospital. It is close to Lala Lajpatrai College, New Era School. Mahalakshmi is very prime located place at Mumbai

Pros

• Good living atmosphere
• Transport facility
• Availability of good shopping centers, stores, cinema halls, schools

Cons

• High Rates

Review of Dadar West, Mumbai

Dadar west is situated at the convergence of both the eastern and western corridors the project sits at the axis of the northern and southern halves of the city of Mumbai. Distance from the domestic airport is 10 kms and it takes 18 minutes to reach from Kohinoor Square; while the international airport is 14.9 kms away and it takes 25 minutes to reach there.

Pros

• The international airport is 14.9 km away and it takes 25 minutes to reach there.
• Good Locality
• Developing at very fast pace.

Review of Parel, Mumbai

A center of connectivity to almost all places. Parel is very well located one of the fastest developing neighborhoods at Mumbai. This area was dominated by textile mills near by Ashok Towers one of the tallest buildings in Mumbai.

Pros

• Availability of good shopping centers, stores, cinema halls, schools
• Well Planned Area
• Well Connected with City

Review of Dadar East, Mumbai

Dadar – Mumbai’s oldest and most established locations – stands in a class uniquely its own by virtue of its extremely favourable geographical placement and connectivity. Dadar is the heart of Mumbai. Dadar is also easily accessible by road.

Pros

• Dadar’s real estate profile is about to undergo a well-deserved and long overdue metamorphosis.
• The area enjoys good demand due its proximity to important centers of the city and beyond.
• The price appreciation of this locality in the future might be very good.

Cons

• Distance from the airport.
• Construction work and noise levels in the area.

Review of Wadala, Mumbai

It is the central suburb of Mumbai. It gives a good connectivity to every place. Has many interesting places near by.

Pros

• 20 Minutes to South Mumbai via Eastern Freeway
• Upcoming Monorail connecting Jacob Circle and Chembur
• Short Drive to BKC via Dharavi Bypass

Review of Worli, Mumbai

Worli are centrally located between Bandra and South Mumbai and are approximately 45 minutes away from International schools. Some of the best sports clubs such as the National Sports Complex of India, the Mahalaxmi Race Course and Willingdon Club are located here. Worli also has a wide sea facing promenade with several prestigious properties alongside. Pheonix Mills offers a wide range of shopping and entertainment options and is easily accessed from Worli and Prabhadevi.

Pros

• Mahalakshmi is adjacent to Worli
• The well-developed social infrastructure and the green and less-cluttered environment

Review of Prabhadevi, Mumbai

Even as Worli and Bandra vie with each other for pre-eminence as Mumbai’s commercial real estate hotspots, Prabhadevi – Mumbai’s oldest and most established locations – stands in a class uniquely its own by virtue of its extremely favorable geographical placement and connectivity. For this reason – and for all practical purposes – Prabhadevi is the heart of Mumbai. For this reason, Prabhadevi has historically proved to be so popular that the market itself is near saturation point in terms of its residential property market. With these developments raising the commercial space equation in Mumbai’s most advantageously connected location, it can be anticipated that redevelopment of many of the existing buildings in and around Prabhadevi will follow as a natural consequence.
In any case, Prabhadevi real estate profile is about to undergo a well-deserved and long overdue metamorphosis as it finally makes its debut in the Grade A office segment. The up-tick in commercial real estate activity in Prabhadevi will lead also to increased demand for residential properties there as well as the surrounding areas. In Prabhadevi the current residential rates are between Rs. 40000 - 60000/sq.ft. One can expect these figures to change as Prabhadevi begins to evolve as a Grade A+++ office destination.

Pros

• Very close to religious places
• ITC seven star Hotel & world-class shopping areas in the vicinity.
• 20 minutes from commercial hubs Nariman Point & Bandra-Kurla Complex.

Cons

• Higher Rates