Bandra: The New Elite Destination in Mumbai
Traditionally, South Mumbai has been the preferred residential location for the city's upper echelons. However, with limited land availability in the Island City, the elite are progressively migrating to suburban areas, with Bandra emerging as the premier destination.
Celebrity Migration
Bandra is rapidly transforming into a star-studded neighborhood:
- Sachin Tendulkar recently purchased a Parsi Villa on Perry Cross Road for Rs 39 crore
- Shah Rukh Khan's iconic 'Mannat' on Bandstand has become a virtual tourist attraction
- Salman Khan's Galaxy Apartments continues to draw public attention
- Abhishek Bachchan's new home 'Naivedya' is located on Carter Road
- Aamir Khan and Saif Ali Khan have also established residences in the area
Real Estate Dynamics
The suburb is witnessing significant transformation beyond celebrity presence:
- Current property rates hover around Rs 22,000 per square foot
- New residential complexes often get fully booked before construction completion
- Modern buildings offer extensive amenities like swimming pools, gymnasiums, and landscaped gardens
Industry Perspective
Real estate agent Prakash Jain provides insight: "Bandra is a very, very popular destination and the kind of buildings that are coming up, the receptions with swimming pools, gymnasium and gardens etc., you don't find in South Bombay now."
Bandra is not just attracting entertainment personalities but also business offices and consulates, signaling a comprehensive urban transformation.
The suburban landscape is clearly evolving, with Bandra positioning itself as the new epicenter of luxury and prestige in Mumbai's real estate ecosystem.