Suburbs of Mumbai offer Affordable Luxury Options
Mumbai as a city is changing rapidly. Business Centers have grown across the city and spread across central and western suburbs. The infrastructure projects that have been years in making are in place and the travelling cycles across the city is changing.
Business Hubs like Bandra-Kurla Complex, Lower Parel, Navi Mumbai, Thane, Andheri, Kalina, Borivali, Malad, Goregaon are now areas with high employment attracting people from the city, and the country. Suburbs offer great opportunities for home buyers with improved infra structure, modern building and institutions such as high end schools, colleges, hospitals, etc., the suburbs are developing into affluent neighborhoods. Even from a rental perspective, the suburbs offer greater options. The younger professional and business class look for significant number of amenities as a given. With India’s largest corporate houses, shifting their commercial operations, suburbs offer the possibilities of a better-rounded lifestyle.
Why are suburbs seeing more demand?
Places like Powai, Ghatkopar, Kanjurmarg, Andheri, from being a manufacturing, industrial hub, to centers of the services sector. This has created a demand for luxury and affordable homes in these localities. Quality of life in the suburbs has improved significantly and it is drawing more property buyers than Mumbai city.
Several infrastructure projects such as the Metro, Monorail, Eastern Express highway, Santacruz-Chembur Link Road and Sahar elevated access road, have improved connectivity to several suburban areas of Mumbai.
The central and western suburbs have become the best option for homebuyers as they provide value for money. A cosmopolitan lifestyle, people from across various communities, makes staying in the suburbs for an amazing experience.
The Western and central suburbs offer a mix of boutique stores and street markets, as well as large, modern mall, all of which are reachable by a short rickshaw journey.
As a younger generation, Differences that you see in the real estate sector industry?
The use of technology, professional processes, more transparency with the buyers, and a focus on what the customer needs are some of the areas that as a younger generation we have greater focus. If the industry has to evolve and get the credibility and respectability it deserves, we will have to work in ways that gives that confidence to the buyers.
Further, with real estate becoming an asset in an investment portfolio, as well as for users, the parameters of quality have become more stringent. For us, we have to make our projects viable and successful we have to address the needs of various stakeholders. This can only be possible with greater communications and transparency.
Builders who are building standalone buildings?
There are a large segment of homebuyers for whom location is a very important criterion as is the budget. Our belief is that there are some important amenities that are absolutely a must and provide the homebuyer a luxury lifestyle. At the same time, there is a cost that gets added with facilities which many home buyers, such as busy professionals, upper middle class very often do not use, as they and their families do not have the time – the large complexes thus make the cost unviable for these families.
Our strategy for addressing these upmarket homebuyers is to give them an ideal location, luxurious amenities in their homes at a great affordable price. We have seen very good response to this, as very few developers of repute are offering this package.
New launch
Our latest launch is ‘Elegance’ in Andheri west. Aiming at affordable luxury segment, this project truly presents the exclusivity with one flat per floor at an affordable cost of a 2 BHK with modern amenities. It is located at Andheri – the ‘prince’ of Western Suburbs which combines value, style, space and perfect location to give the home buyer their desired lifestyle.
Designed by a renowned architect, Elegance delivers fourteen floors of Manhattan style living grandeur. Each 2 BHK apartment residence exudes luxury and style, with air conditioned apartments, regal ambience, French style casement windows, imported marble flooring, international fittings & fixtures, fully fitted modular kitchen, Intercom system and camera for screening visitors with premium finishes combining to provide you an unparalleled, world-class living experience.
The privacy and exclusivity is Easy access from the Airport, Railway station, and its closeness to schools, colleges, hospitals, multi cuisine restaurants and shopping centers provides a modern family all the essentials of luxury living. Further the excellent connectivity via the Western Express highway, the Vikhroli – Jogeshwari link road and the Versova – Ghatkopar metro link, makes Jaycee Homes’ Elegance one of the preferred project for home buyers and investors alike.
Diipesh Bhagtani, the Executive Director of Jaycee Homes
A real estate expert, Diipesh is a qualified Civil Engineer with over 13 years of industry experience.
The views expressed in this article are author´s own
