Mumbai, India's financial hub, is a city rich in opportunity and is a melting pot of diverse cultures. The city is also known for its vibrant nightlife, delectable street food, historical charm and the resilience of Mumbaikars. Thus, Mumbai is a captivating city that blends history and modernity, offering a diverse range of experiences that attracts both locals and tourist, alike. In this digital age, there exists excess information available at our fingertips which toughens the complex process of home-buying. Through this article, we aim to cut through the clutter, helping you understand why Bandra East will prove to be a valuable long term investment.
The area Bandra East, located in the heart of Mumbai, has seen a spectacular transformation throughout the years. BKC's emergence as a commercial hub brought a cosmopolitan vibe to Bandra East. The influx of professionals, entrepreneurs, and expatriates into the area contributed to its cultural diversity and social dynamism. Thus, this lively neighbourhood, long known mostly for its business and industrial zones, emerged as a popular real estate investment destination. It now constitutes of micro-markets like Kalanagar, Teachers Colony, Kherwadi, and Siddharth Nagar which are functioning as independent clusters.
One of the most compelling reasons to invest in Bandra East is the consistent appreciation of property values due to its popularity. Regarded as one of the most diverse real estate markets of Mumbai, the current price per sq. foot ranges from Rs. 12,000 - 1,00,000 approximately, with last year’s appreciation rate being 21.92%. Thus, investing in real estate here can potentially yield good returns over time. Additionally, Bandra East has traditionally been resilient to market shifts which makes it a stable real estate investment opportunity. The allure of owning property in a fast expanding marketplace is an opportunity that smart investors cannot afford to let slip up. Also, Bandra East's property prices are more affordable than its western counterpart. According to statistics over 50 percent of properties in this locality are priced below Rs 5 crore while around 55 percent of properties available for sale in Bandra West are priced above Rs 5 crore.
Bandra East's real estate evolution began with the development of the Bandra-Kurla Complex (BKC), which is now a renowned commercial and financial hub in Mumbai. BKC is India’s upmarket lavish commercial district and according to experts, though South Mumbai’s commercial real estate market may witness an uptick in demand, it might not reach the same level as BKC. The area serves as the office space for premier Government and Private organizations along with Fortune 500 companies.
Jio World Plaza, India's largest luxury mall that spans 750,000 square feet and features several high-end global luxury brands like Versace, Gucci, Bulgari, Tiffany &Co, amongst others is located at BKC. The adjacent Link Square Mall, Hi Life Mall, and Phoenix Marketcity have proven to be excellent shopping destinations.
It also houses the Nita Mukesh Ambani Cultural Centre (NMACC), a multi-disciplinary art space that showcases the country's cultural heritage and promotes emerging talent. BKC is known for its eclectic dining scene, offering a variety of cuisines from around the world, from upscale dining venues like Yauatcha, and Nara Thai to casual cafes like O Pedro and Cin Cin.
Apart from the world class infrastructure offered by BKC, Bandra East is an urban cluster that is home to several premium social amenities. Healthcare institutes like Guru Nanak Hospital, Asian Heart Institute, Bandra Holy Family Hospital and Lilavati Hospital and Research Centre ensure that your well-being is never compromised with.
Dhirubhai Ambani International School, Bombay Scottish, Rizvi College of Engineering, and St. Andrew's College of Arts, Science, and Commerce, MMK College are all nearby, assuring that a high-quality education is just a stone's throw away.
Among the best aspects of living in Bandra East is its smooth connectivity. It offers excellent connectivity to major Mumbai areas, including the Western Express Highway, Bandra-Worli Sea Link, Santacruz-Chembur Link Road, BKC Road, and Sion-Bandra Link Road. Regular trains to Northern and Western India depart from Bandra Terminus, and the area is close to the Mumbai International Airport.
Bandra East's residential market covers 5 million sq.ft or 4453 units, making it a preferred location for Mumbaikars. A number of established builders have entered the residential real estate market of Bandra East, developing some of their signature projects. Thus, the dynamic market offers modern and opulent developments with facilities like security features, landscaped gardens, gyms, and swimming pools. This vibrant neighbourhood caters to diverse homeowner preferences and offers potential for investors, families, and young professionals alike.
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