Overview of Upper Worli, Mumbai

Upper Worli has evolved into a prime residential and commercial hub in Mumbai’s southern part. It offers an attractive mix of luxury living and amenities.

Location and Connectivity

• Upper Worli’s strategic position ensures excellent connectivity to Mumbai’s CBD, Bandra-Kurla Complex (BKC), through the Bandra-Worli Sea Link.
• It’s well-linked to other key micro-markets in Mumbai, nearby to the seashore and upcoming developments such as Metro Line 3 and the Coastal Road.

Property Prices

• The average price for properties in Upper Worli is Rs. 41,296 per square foot.
• Prices range between ₹26,000 to Rs. 63,200 per square foot.

Market Trends

• Over the past year, property rates in Upper Worli fell by 7.17%, presenting a potential buying opportunity.
• Despite this drop, the area remains popular thanks to its luxury appeal and infrastructure benefits.

Types of Properties

• Upper Worli features a range of properties including luxury apartments and independent houses.
• Many are high-rise buildings, often sea-facing, with premium living amenities.

Residential Market

• The area’s residential market is filled with luxury and ultra-luxury high-rises.
• There are around 1,500 new units under construction, serving a broad range of buyers.

Commercial Significance

• It’s also a vibrant commercial hub, housing businesses from TATA, Novartis, and HDFC Bank.

Infrastructure and Amenities

• Upper Worli offers excellent social and physical infrastructure like upscale complexes, office spaces, and lifestyle amenities.
• Dr. Annie Besant Road has become a key location for real estate due to its strategic spot.

Pros and Cons

Pros

• Luxury Living: High-standard luxury properties with premium amenities.
• Strategic Location: Access to BKC and other major areas via excellent connections.
• Sea-Facing: Many homes with beautiful sea views.
• Infrastructure: Metro Line 3 and Coastal Road enhancements boost connectivity and livability.

Cons

• High Price: Compared to other parts of Mumbai, Upper Worli has relatively high property prices.
• Market Ups and Downs: A recent rate drop signals potential market volatility, requiring careful investment assessment.

PropertyWala's Conclusion

Upper Worli in Mumbai is perfect for anyone looking for luxury living and great location benefits. Even with recent rate declines, ongoing infrastructure improvements and continued high-end buyer interest ensure a positive long-term outlook. Always consider market trends and unique benefits or challenges before making a call on this sought-after area.