Real estate trends in Mumbai

Q: How is the real estate trends in Worli, Prabhadevi and Dadar West?

Ashish Bhoite, Mumbai

30th July 2013

Real estate News in Mumbai

mumbai realty

real estate market

real estate trends in mumbai

Follow Discussion

Also see discussions for

Mumbai Real estate News Real estate News in Mumbai

Replies (3)

Some other contributors to the rising demand are the proximity of the localities to Chhatrapati Shivaji International Airport and Railway Terminus, which can be reached in less than half an hour. Dadar west has close proximity to the western and central railway lines. The western railway is about 800 mt away and the central railway is just one km away. This makes the locality well-connected to Mumbai, Thane and Navi Mumbai.

Bikram, Mumbai

30th July 2013

Comment

All these factors have made Worli, Prabhadevi and Dadar West emerge as matured realty markets. In the last quarter from April-June 2013, Worli and Prabhadevi have seen the highest growth in demand for 3-BHK apartments followed by demand for 2-BHK apartments. Dadar West has seen the highest growth in demand for 1-BHK apartments. While Worli and Prabhadevi are having a good supply of 3-BHK and 2-BHK apartments, Dadar West has lower supply of 1-BHK apartments.

Ramesk Polekar, Mumbai

30th July 2013

Due to the consistent demand of residential properties in these areas, the prices too are going up. Since all these areas are in the same neighbourhood, they are experiencing similar real estate trends. The residential and commercial values have gone up by 8-14% in the last six to seven to months.

Shantanu Kumar, Mumbai

30th July 2013

Worli acts as a bridge between North and South Mumbai due to the Bandra-Worli Sea Link. The planned monorail is expected to reduce travel time by directly connecting the area to suburban locations. Major companies such as GSK Pharma, Century Textiles, RPG Group, HDFC Bank, Yes Bank and Tata Group are setting up their bases here. Siemens has its Indian Headquarters in Worli. The proposed Peddar Road flyover from Worli will improve its connectivity to the CBD. The proposed Worli-Nariman Point-Cuffe Parade sea link will enhance transportation in Worli.

Ramesk Polekar, Mumbai

30th July 2013

Comment

Prabhadevi is a primary IT/ITeS hub of Mumbai. Prabhadevi and Dadar west are emerging as upscale residential and commercial destinations on the central corridor of Mumbai. These localities are surrounded by the residential area of Shivaji Park on the north, and Worli and Lower Parel in the south. The three areas are home to some rich celebrities, sports persons and industrialists.

Rakshit, Mumbai

30th July 2013

The development of number of high-end and luxury residential projects have increased the scope for the 'walk-to-work' concept. The three localities are also at close proximity to the Central Business District (CBD) Nariman Point on one end and well connected to the Bandra Kurla Complex on the other.

Shantanu Kumar, Mumbai

30th July 2013

Owing to the expansion plans of IT/ITeS-BPO sectors in these areas and the proximity to the commercial zones, the demand for 1, 2 and 3-BHK units in Worli, Prabhadevi and Dadar West are set to go up.

Bikram, Mumbai

30th July 2013

Comment