Overview of Princess Street, Mumbai

Princess Street lies in the heart of the bustling Kalbadevi area in Mumbai, presenting a vibrant mix of residential, commercial, and cultural experiences.

Location and Accessibility

Princess Street is found right in Mumbai's core, ensuring excellent accessibility. It’s near Marine Lines Railway Station, a significant commuter spot, and close to other key places such as Metro INOX Cinema and Pizza by the Bay. Public transport, including buses and local trains, connect the area well.

Property Types

Residential Properties

• Apartments and Flats: Found in sizes like 1 BHK, 2 BHK, and 3 BHK, these often range from 243 Sq.ft to 1016 Sq.ft. Projects like Earth Baug offer straightforward moves with ready-to-live apartments.
• Independent Houses and Villas: Though less common, spacious options are there for more independent living.

Commercial Properties

• Office Spaces: Buildings like Saroj Bhavan feature office spaces with built-up areas between 225 Sq.ft and 1970 Sq.ft. Often they come ready to move into and sit in managed estates.
• Shops and Retail Spaces: Available to rent or buy, these are suited for businesses seeking a city center spot.

Pricing

Residential

• 1 BHK Flats: Start around ₹1.04 Cr with a carpet area of 243 Sq.ft.
• 2 BHK Flats: Approximately ₹2.55 Cr to ₹2.6 Cr for maximum areas up to 1200 Sq.ft.
• 3 BHK Flats: Price ranges from ₹3.45 Cr to ₹8.00 Cr for built areas up to 1780 Sq.ft.

Commercial

• Office Spaces: Smaller spaces start at ₹85.00 Lacs for 225 Sq.ft and larger spaces available at higher rates.
• Shops: Rent can be about ₹45,000 a month with a ₹2 Lacs deposit on the ground floor.

Amenities and Facilities

• Security: Gated societies like those in Earth Baug and Saroj Bhavan ensure good security.
• Amenities: Car parking, power backup, and gardens. Nearby you’ll find schools, hospitals, and entertainment spots.

Developer and Agent Information

• Top Developers: Earth Builders lead, renowned for quality and reliability.
• Agents: Real estate agents such as Lalitbhai Pardivala and Shailesh K provide a range of services to buyers and renters.

Market Trends and Appreciation

The area shows strong real estate activity, pointing to a thriving and appreciating market. Over time, properties maintain or grow in value.

PropertyWala's Conclusion

Princess Street in Kalbadevi, Mumbai, offers a prime spot for buyers and renters. Its top location, array of property types, and a solid market make it an appealing choice. Whether you seek good amenities and connections for a residential property or a commercial place to launch your business, this area has many options. And with a solid real estate market and rising property values, it's a good investment.