Is Metro Impacting the demand in Residential market of Sakinaka

Sahil Jain,

14th August 2014

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Hi Sahil,
Sakinaka recently has attracted a lot of investment from the service sector establishments like banks, call centres and such others. Real estate developers are betting high on Sakinaka as a profitable real estate investment option. Notwithstanding the traffic chaos in the region in the wake of ongoing metro construction, the potential of this area to attract investment, particularly for commercial development, is encouraging investors.

Abhishke Karule, Mumbai

14th August 2014

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Yeh.....
The property price for Sakinaka is currently between Rs 9500-11500/sq-ft. By 2015 it is likely to go up to Rs 14000/sq-ft. Investment in Sakinaka was much cheaper than its neighbouring Powai. Hiranandani Complex there is witnessing rates up to Rs 30000/sq-ft. Areas like Dahisar too are witnessing prices above Rs 10000/sq-ft so Sakinaka may comes as an obvious bet.

Ashish Sharma, Mumbai

14th August 2014

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