| Properties in Mumbai - South |
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South Mumbai is the hub of India’s rich and business elite. The value of South Mumbai property is the highest in India and at par with many global cities. It has famed residential areas and business districts with super commercial properties. Prime areas of South Mumbai are Colaba, Cuffe Parade, Nariman Point, Churchgate, Fort, Ballard Estate, Marine Lines
Marine Drive, Girgaon, Nepeansea Road, Peddar Road, Kemps Corner
Carmichael Road, Breach Candy, Warden Road, Altamount Road, Grant Road, Tardeo, Bombay Central, Opera House, Mahalaxmi, Worli and Lower Parel.
According to a real estate consultant, with in South Mumbai Worli-Parel belt is the new hotspot for residential projects with lot of new supply. The Bandra-Worli Sea link has also added to the new demand.
The belt from ‘Lower Parel’ to ‘Upper Worli’ is the new hub of real estate action in South Mumbai and a sure bet for higher returns. Lower Parel has turned a savvy, prime area for residential properties with flats and apartments commanding prices at par with many of the best South Mumbai localities like Breach Candy or Napeansea Road. Lower Parel’s commercial property land marks include many IT Parks also.
Some of the new projects in Worli in residential segment are Neumec Center Point, apartments by Neumec Group: Joy Blue Waters at Haji Ali by Joy Home creation Pvt. Ltd; Victoria, apartments by Lokhandwala Group:
RNA Mirage, Near Passport office for duplex terrace flats by RNA Builders:
Chateau Paradis, apartments at Worli Seaface by Lodha Group: Kalpataru Horizon, apartments by Ansal Housing & Construction Ltd.
In the ultra luxury segment of residential apartments are Oberoi Skyz, by Oberoi Constructions; Raheja Legend and Raheja Anchorage, Samandar Point, apartments by Rahejas. In commercial properties, Commercial Business Centre, by Neumec Group and Sumer IT Park by Sumer Group are projects to watch out.
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