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Real estate in Central Mumbai

Q: How is real estate market in Central Mumbai? What is the ongoing rates of properties in the localities in Central Mumbai?

real estate in mumbai
properties in mumbai
central mumbai
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Replies (5)
1
In Worli, Lower Parel and Prabhadevi areas, flats in the 2,000-3,000 sq ft category are going for Rs 19,000-25,000 per square feet. The going rate for 1200-1500 square feet flat in Thane is Rs 84 lakh to Rs 1.05 crore.
Suresh Khanna


2
The main reason for reformed real estate and huge supply of properties in Central Mumbai is the growing IT/ITeS-BPO sector. Central Mumbai is settled with infrastructure coming in place and in the long term will give a very good return.
Lalit Verma


3
Worli is one of the prime localities in Mumbai which helps developers gaining higher revenue and rental values. It has become a prime location for residential property seekers as well as retail outlets and commercial establishments. The locality has gained such fame due to its proximity to IT/ITeS hub in Prabhadevi areas.
Prabhadevi, on the other hand, has become an upscale commercial and residential destination on the central corridor of Mumbai.
Praveen Modi


4
Both the areas are showing good demand and supply in the real estate sector. Both commercial and residential properties in Mumbai are on a consistent rise in the number of transactions and values from quite some time now.
The rates have also increased to 8-14 percent in the past 5-6 months as per data.
Abhijit Thanki


5
Central Mumbai has been witnessing a rise in price trends higher than the national average. Areas like Worli and Prabhadevi are counted as the costliest locations in Central Mumbai now after the recent real estate trend.
Abhishke Karule


6

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