Overview of Union Park, Mumbai

Location Union Park lies in two different spots in Mumbai:

• One in the upscale Bandra West
• The other in bustling Chembur famous for its modern amenities.

Property Prices for Buying

Union Park, Bandra West

• The starting price is roughly Rs. 31,666 per sqft, averaging at Rs. 39,833 per sqft.
• The most pricey properties can reach up to ₹48,000 per sqft.

Union Park, Chembur

• The starting prices begin around Rs. 10,909 per sqft.
• Averages sit at Rs. 26,709 per sqft.
• With a range of Rs. 11,272 to Rs. 43,650 per sqft.

Property Options

• Types: Available types include 1 BHK, 2 BHK, 3 BHK, and 4 BHK apartments.
• Built-Up Areas: Sizes vary from 500 sqft to 1,500 sqft.

Rental Prices

Union Park, Chembur

• 2 BHK Flats: Rent ranges are from ₹75,000 to ₹80,000 monthly.
• 3 BHK Flats: Monthly rent spans ₹95,000 to Rs. 1.5 lakhs.
• 4 BHK Flats: Monthly rent from Rs. 1.2 lakhs to Rs. 1.7 lakhs.

Amenities and Connectivity

• Amenities: Modular kitchens, air conditioning, wardrobes, and modern furnishings are common.
• Connectivity: Properties are near shopping centers, hospitals (e.g., Beams Multispeciality Hospital), schools (e.g., Bai Avabai Framji Petit Girls' High School), and upcoming metro stations.

Year-on-Year (YoY) Growth

• Union Park, Bandra West: Property values increased by 23.75% last year.
• Union Park, Chembur: Property rates rose by a minimal 0.36% in the last year.

PropertyWala's Conclusion

Union Park in Mumbai caters to a variety of real estate needs, whether buying or renting. The Bandra West enclave is more expensive but boasts luxurious living and superior amenities. Meanwhile, Union Park in Chembur offers cheaper yet well-connected and modern-amenity options. The substantial YoY increase in property rates in Bandra West signals a strong market, while stable rates in Chembur suggest a steady investment. Buyers and renters should weigh these factors for informed decisions based on budget and preferences.