Overview of Worli, Mumbai

Worli, an esteemed neighborhood in South Mumbai, blends upscale housing, business districts, and fantastic connectivity. Here’s a detailed snapshot from a real estate angle:

Important Considerations About Location

• Strategically positioned near the bustling Mumbai de-facto CBD, the Bandra-Kurla Complex (BKC).
• Located close to the sea and the Bandra-Worli Sea Link, making it very attractive.

Property Prices

• You can find properties starting at Rs. 25,408 per square foot, while the average price hovers around Rs. 53,296 per square foot.
• The peak you can encounter is up to Rs. 100,111 per square foot for top-end properties.

Property Types and Configurations

• You’ll find a mix here, from apartments and flats to luxury skyscrapers in Worli.
• Options include 1 BHK, 2 BHK, 3 BHK, 4 BHK, 5 BHK, and even larger ones like 6 BHK and 6+ BHK units.

Residential Market

• There are around 3,600 property units at various stages, making it full of choice for buyers.
• It's famous for its luxury and ultra-luxury high-rise buildings, drawing buyers from all over India and internationally.

Commercial Landscape

• Woori boasts a busy commercial center with big names like Peninsula Business Park, Indiabulls Finance Center, and Shiv Sagar Estate.
• Major corporations such as GSK Pharma, TATA, Novartis, HDFC Bank, Yes Bank, and Siemens call Worli home.

Infrastructure and Connectivity

• Connections are great thanks to the Bandra-Worli Sea Link and new plans like the Metro Line 3 and the Coastal Road.
• Dr. Annie Besant Road is a key internal road that has seen a lot of real estate activity.

Rental Market

• Renters have many options with prices ranging from ₹22,000 to ₹1 lakh monthly for various configurations:
  • 1 BHK: ₹22,000 - ₹1 lakh
  • 2 BHK: ₹30,000 - ₹4.7 lakh
  • 3 BHK: ₹25,000 - ₹15 lakh
  • 4 BHK: ₹48,000 - ₹32 lakh
  • 5 BHK: ₹3.85 lakh - ₹23 lakh.

Price Trends and Appreciation

• Worli's property values are going up; there was a 15.37% rise last year and a 20.5% surge over the last five years.
• The area’s growth is set to continue due to better infrastructure and ongoing real estate projects.

Popular Projects and Societies

• Some key projects in Worli include:
  • Lodha Trump Tower
  • Lodha The Park
  • Indiabulls Blu
  • Lodha Marquise
  • Lodha Parkside
  • Lodha World View
  • Lodha Allura
  • Lodha The World Towers World One Tier 2
  • Lodha Kiara
  • Chandak Cornerstone.

PropertyWala's Verdict

Worli, Mumbai, stands out as a prime spot for both people looking to buy and potential investors because of its top-tier residential and commercial spots, excellent connectivity, and constant development. With variety in luxury homes and vibrant business activity, property values have been rising, making it a golden opportunity for anyone looking to buy or rent in this high-end neighborhood. Whether it's luxury living or commercial opportunities you seek, Worli delivers a luxurious lifestyle combined with great investment potential.