Overview of Nehru Nagar, Mumbai

Location and Accessibility

Found in Kurla East, Mumbai, Nehru Nagar is a lively and well-connected area. Benefiting from its closeness to major transport hubs makes it a compelling choice for both residents and investors.

Property Rates and Trends

• Price Range: You'll find properties in Nehru Nagar starting around Rs. 11,111 per square foot, with the average priced at Rs. 19,097 per square foot. The top listings soar to around Rs. 27,857 per square foot.
• Year-on-Year Growth: Property rates have increased by a noticeable 17.51% in the past year, showing robust growth in this locality.

Types of Properties Available

• Residential Apartments: Choose from a range of apartment types, like 1 BHK, 2 BHK, and 3 BHK units.
• Independent Houses/Villas: Get your pick from stand-alone houses and villas, either ready to move in or under construction.
• Builder Floors: Newer builder floors are also in the pipeline if you’re looking at more modern options.

Rental Market

• Rental Prices: Rent prices here vary, starting from ₹33,000 for a 1 BHK flat up to ₹40,000 for a 2 BHK flat. The built-up areas change accordingly.

Market Dynamics

• Demand and Supply: The majority of properties available for sale here are priced between ₹1.2 Cr to ₹1.4 Cr, with 31% fitting this bracket. An additional 23% float within ₹80 Lac to ₹1 Cr.
• Quarterly and Annual Trends: Despite minor fluctuations quarter-to-quarter, there's been steady growth in the past several years.

Amenities and Infrastructure

• Transportation: Public transport links connect Nehru Nagar easily with major parts of Mumbai.
• Security and Other Amenities: Property here often comes packed with amenities like parking, safety features, and other essential services.

PropertyWala’s Final Thoughts

Nehru Nagar in Kurla East, Mumbai, offers an attractive real estate market with strong upward trends and diverse property options. The marked year-on-year rise in property values marks it as a promising investment spot. For those purchasing or renting, good connectivity, different property types, and varied pricing are available. Based on current market dynamics, now seems a suitable time for property buying and selling here. However, it remains crucial to stay updated with the latest trends and market conditions for informed choices.