Real Estate Perspective on Supari Baug, Mumbai

Supari Baug, found in the Parel area of Mumbai, is a neighborhood that's experiencing a lot of changes, especially in real estate.

Location and Connectivity: Supari Baug is located in South Mumbai, close to the Chhatrapati Shivaji Terminal Railway Station. This gives good connections to different parts of the city. In addition, it's near important business areas such as Nariman Point and the Bandra-Kurla Complex (BKC), making it a good spot for living and working.

Redevelopment Projects: The old Supari Baug colony, which is a railway colony, is set for redevelopment by the Rail Land Development Authority (RLDA). They plan to knock down the old place and let a private company use the land for some business or housing. The company will need to build flats for railway workers as part of the redevelopment. This project is meant to improve living conditions and increase real estate values in the area.

Property Rates and Trends: Property values in Parel, where Supari Baug is located, are really strong. Currently, the average price per square foot is about ₹35,778, with prices going up by 9.02% year over year. This upward trend is good news for both buyers and sellers. Prices vary a lot, from ₹3,988 to ₹61,956 per sqft, which suits many investors and potential buyers.

Infrastructure and Amenities: The area is close to many important facilities like schools and healthcare centers. For example, K.M.S. Dr. Shirodkar High School and Healthspring Parel are only a few kilometers away.

PropertyWala's Insight

With the ongoing redevelopment efforts, strong connections, and positive price trends, Supari Baug in Parel, Mumbai, looks like a great chance to invest in real estate. The area's closeness to major business areas and potential increases in living standards make it an attractive option for both homeowners and businesses. To make a good choice, it's important to keep an eye on the redevelopment projects and changes in property market trends.