Umerkhadi in Mumbai Overview

Umerkhadi, in Mumbai, is a budding residential area that offers a blend of convenience, amenities, and investment prospects.

Property Prices and Trends

• Average Price: Now, property prices in Umerkhadi average around ₹22,785 per sqft.
• Price Range: You can find properties priced between ₹15,000 and ₹40,000 per sqft.
• Market Growth: Over the past year, there has been an 8.22% increase in real estate values, highlighting a thriving market.
• High-End and Budget Options: Residents can choose from both low-cost and luxury residences, with top listings reaching ₹40,000 per sqft.

Property Varieties

• Apartments: The area is full of apartments in different layouts like 1 BHK and 2 BHK flats. For example, a 1 BHK flat can cost from ₹72.5 lakhs to ₹1.33 crore.
• Other Options: Builder floors and standalone houses are also available in various sizes.

Amenities and Infrastructure

• Healthcare: Umerkhadi has healthcare options like M H Saboo Maternity & General Hospital, Children Hospital, and municipal dispensaries.
• Transport: Public buses regularly operate from spots like Khambekar Street and Sandhurst Station Road, making travel around the city convenient.
• Spiritual Spots: Various religious sites are available, including Noor Baug Sunni Masjid, Holy Cross Church, and mosques.
• Recreation: There's the Premiere Gold Theatre for entertainment.
• Banking Services: Residents can use ATMs from banks like Dena Bank and Axis Bank.

Connectivity and Security

• Location: Umerkhadi is conveniently positioned, giving easy access to many Mumbai parts.
• Police Security: Dongri Police Station maintains strong security in the area.

Rental Market

• Rent Prices: Fully furnished apartments can be rented for as little as ₹50,000 per month for a 230 sqft unit, with variable deposits needed.
• Tenants Preference: The area favors family-oriented rental agreements, offering move-in-ready properties.

PropertyWala's Verdict

So, we can wrap it up by saying Umerkhadi in Mumbai makes a strong case for buying or renting. Its strategic location, plethora of amenities, and a growing property market draw many buyers and renters. Whether looking for a budget-friendly or luxury unit, the area's offerings are compelling, combined with strong healthcare, transport, and entertainment facilities. A positive yearly growth in real estate values suggests Umerkhadi has potential for property value appreciation, making it an savvy investment.