Bhandup’s real estate upsurge

The residential real estate market in Bhandup, Mumbai has witnessed an escalating path in recent times, despite the skyrocketing prices. Of lately, land starved Mumbai and easy availability of a residential enclave has made Bhandup the ideal choice to live in. Currently, Bhandup (an old suburb in Mumbai) is the flair of the season for most of the real estate developers and entrepreneurs of Mumbai.

Bhandup packs in just the right combination of elements, when it comes to connectivity and public transport. Bhandup West is flanked by LBS Marg (also known as Agra road), while Bhandup east is credited by Easter Express Highway. With the development of the LBS marg, all kinds of realty developments in Bhandup (directly/indirectly) impact certain suburb areas of Mumbai, namely Kanjurmarg, Ghatkopar, Mulund and Vikhroli. One can easily reach Bhandup via:

Bus- The locality is connected by bus route no. 509, 603,453 and 545.

Rail- Being a railway station of the Mumbai Suburb connectivity, adds to the overall popularity of Bhandup. It is located at a distance of 650 W from the locality. Nahur station, closet station to Bhnadup, plays a significant role in the growth and development of the locality and has triggered its prosperity.

Airport- Chhatrapati Shivaji International Airport is the closest airport to Bhandup at a distance of 17.7 km.

Bhandup offers substantial aid to education with major schools in its area such as- Pawar Public School, Bright High School, Ahilya Vidyalaya, Jamil Nagar and Guru Nanak English High School are some of the schools in Bhandup. NES Ratnam College, Ramanand Arya D. A. V. College and V. K. Krishna Menon College of Commerce and Economics & Science add to the overall education facilities offered by Bhandup. Fortis hospital, Wokchardt Fortis Hospitals Limited and Madhu Hospital offer medical aid to all the residents of the locality. Krishna talkies, Saaz Cinema and PVR Cinema generate a lot of buzz among the youth in the vicinity.

Realtors in Bhandup generally offer 1BHK and 2BHK apartments to buyers within a price range of Rs.11500-12500/ sq ft. For 1 BHK, the price ranges from 48 Lakh to 1 Cr, while for 2 BHK it varies from 78 lakhs to 1.5 Cr. There are a number of upcoming projects in Bhandup, such as Kalpataru Crest and Shreenath Darshan that promises to offer apartments for the same size of dwelling units. According to Cushman & Wakefield, residential abode in Bhandup has been much in demand for quite sometime now and has experienced 10-15% appreciation in price in the past 18 months. The rental value in Bhandup ranges from Rs 27 to Rs 32 per sq.ft. per month.

The vicinity gets better with the upcoming developments and adds to the overall anticipation of the buyers. The pricing of the apartments in Bhandup is quite rational, compared to Mulund and Powai. Enhanced lifestyle, upgrading infrastructure and good accessibility make Bhandup the buyer’s market. Much to the delight of the buyers, the newly constructed projects in the locality offer club houses, swimming pools, parking spaces and much more. In the coming years, multistory apartments and buildings will experience relatively high appreciation in Bhandup. The vicinity has a lot of potential and much to offer to the prospective home buyers and real-estate developers in the next years.