Real Estate Overview of Somwari Bazar, Mumbai

Somwari Bazar, situated in Malad West, Mumbai, is a place with many residential choices. It's a good choice for both buyers and renters.

Property Prices: Prices in Somwari Bazar vary a lot. For apartments, you can find them between ₹1.05 Cr to ₹2.25 Cr. The per square foot rates range from ₹16,153 to ₹34,090. For independent houses, the average rate is about ₹12,662 per square foot, with a range from ₹4,000 to ₹20,000 per square foot.

Property Types: This area has many property types, including 1 BHK and 2 BHK flats as well as standalone houses. They span from ready-to-move-in units to new projects still being completed.

Amenities and Infrastructure: Somwari Bazar has several nearby amenities. For example, you’ll find educational institutions like Rejoice International School and healthcare facilities like Khandelwal ENT & Dental Hospital close by.

Renting Options: For renters, there are builder floors and apartments available at affordable rates. For instance, a builder floor in a nearby area such as Goregaon East can be rented for about ₹3,500 per month for a space of 266 sq ft.

New Projects: This locality is also developing new projects. These offer modern and well-planned homes. Often, they provide real photos, aerial views, and 3D floor plans, to give a clear idea of the property before deciding.

PropertyWala's Final Verdict

Somwari Bazar in Malad West, Mumbai, features a varied real estate market suitable for both buyers and renters. Its affordability, coupled with its access to essential amenities and availability of new projects, makes it a desirable area. It's important, however, to do thorough research and compare prices to get the best deal.