Kurla in Mumbai witnesses more property development
There have been more number of constructions and property developments in Kurla in Mumbai in recent times.
One of the suburbans in Mumbai which was previously known for congestion, make-shift garages, small stores for industrial spare-parts and slums has now transformed into one of the hot spots for realty development.
Properties in Kurla are being built on regular basis and there has been constant demand from the buyers. Kurla has become the new business district of Bandra Kurla Complex (BKC). Also, the area is witnessing good number of development in residential, commercial, office, education and entertainment sectors.
Many builders are eying Kurla for building new properties. Investors like Raheja, Prakashan Group, Kohinoor Group, Piramal Realty, Neptune Developers are also investing in the locality seeing good demand.
The current price in Kurla is Rs. 10,000 per sq ft against Lower Parel which is said to be in the range of Rs. 17,000 to Rs. 20,000 per sq ft.
According to a report by Knight Frank, the central suburban locations of Kurla, Powai, Vikhroli and the LBS Marg belt have seen a considerable amount of supply in properties between September 2011 and September 2012.
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Image courtesy of ddpavumba at FreeDigitalPhotos.net
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